Technology

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Apple CEO Tim Cook on Thursday said in an op-ed in Bloomberg Businessweek that “I’m proud to be gay,” addressing rumors about his sexual orientation. “While I have never denied my sexuality, I haven’t publicly acknowledged it either, until now,” he said in his commentary. “So let me be clear: I’m proud to be gay, and …

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One of Apple‘s competitors in the mobile payment space sent out an email Wednesday telling users it has been breached, CNBC confirmed. CurrentC, which is a mobile payment system backed the Mercantile Exchange, sent out an email to its pilot users stating that an unauthorized third party had obtained email addresses of some of its …

Source: HP | YouTube
Image from video showing Sprout by HP

Hewlett-Packard is finally getting into 3-D printing. The company revealed a 3-D printer on Wednesday that it promises will be 10 times faster than any others on the market, as well as produce higher quality items. “It’s not just a 3-D printer, it’s a tool to trigger the next Industrial Revolution,” said Dion Weisler, HP’s …

Mahindra expands in the U.S.

Mahindra Group plans to expand its electric scooter business in the U.S.

Retailers drop Apple Pay

A week after Apple Pay’s launch, why did CVS and Rite Aid disable their Apple Pay technology?

Scott Mlyn | CNBC
Xbox One boxes in the window of a Game Stop store

Microsoft will cut prices of Xbox One by $50 until the end of the year. The game console, which was released last year, will sell for less beginning Nov. 2 according to a report from CNET. Microsoft has not released sales figures for the Xbox One since April leading many to believe it has not …

Source: Amazon.com
Amazon Fire TV Stick

On the heels of Amazon’s big earnings disappointment and lots of talk about its money-losing projects, the retail giant launched another move further into TV. The company launched Monday morning the Amazon Fire TV Stick, a streaming device to rival Google’s Chromecast. At $39 it’s a big price drop from Amazon’s $99 Fire set top …

Amazon posts huge loss

Shares of Amazon tumbled after the company reported its largest quarterly loss in 14 years. Should investors stick with Amazon?

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From shopping to shipping, Amazon didn’t deliver earnings this quarter. The online retailer has been spending a ton of cash that, as of yet, hasn’t paid off. Television set-top streaming boxes, $100 million investment in original online video programming and its first smartphone were created in what chief financial officer Tom Szkutak calls an “investment …

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Shares in Amazon sank on Friday after missing Wall Street expectations for the seventh time in nine quarters—and it turns out the stock tanking isn’t so unusual either. Read More A grocer in e-commerce clothes? Amazon shares have fallen the day after earnings 11 of the last 20 quarters, according to Factset data, with an average …

Tale of two tech companies

Earnings from technology bellwethers Amazon and Microsoft could not have been more different. Amazon posted a huge miss while Microsoft delivered solid results.

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A Bay Area tech company has been fined for paying workers $1.21 per hour. The company, Electronics for Imaging, flew eight employees from India to its headquarters in Fremont, Cali. where they worked 120-hour weeks helping install new computers, according to a report from NBC Bay Area. The workers were paid in their normal hourly …

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Amazon.com founder and CEO Jeff Bezos speaks at a news conference on June 18, 2014, in Seattle, Washington

When online retail giant Amazon reports third-quarter earnings after the bell Thursday, investors will be looking for updates on a range of recent initiatives and acquisitions from the company that rarely turns a profit. Some pertinent questions: How much are its efforts to attract and retain customers hurting its earnings growth? Are small businesses adopting …

Justin Solomon | CNBC
Satya Nadella, CEO of Microsoft Corp.

Microsoft’s CEO Satya Nadella is finding a surprising fanbase among developers for his concerted push to forge partnerships and expand the cloud ecosystem. But getting investors excited largely depends on limiting the damage elsewhere. In his third earnings report since taking the reins from longtime chief Steve Ballmer in February, Nadella will surely tout his …

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Yahoo! President and CEO Marissa Mayer

Yahoo is set to report earnings after the closing bell on Tuesday, and CEO Marissa Mayer will be in the hot seat yet again. With the company’s core business still struggling, its stake in Alibaba dwindling and investor pressure mounting, there will be plenty for Mayer to talk about during the conference call. Investors, though, will …