Apple’s Tim Cook says ‘proud to be gay’

tim cook

(Reuters) Apple Inc Chief Executive Tim Cook publicly came out as gay in an article he wrote in Bloomberg Businessweek. Cook has never previously acknowledged his sexual orientation. "So let me be clear: I'm proud to be gay, and I consider being gay among the greatest gifts God has given me," Cook … [Read more...]

Time Warner Cable reports fall in video subscribers

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(Reuters) Time Warner Cable Inc, the second-largest U.S. cable TV operator, lost more residential video customers in the third quarter than in the preceding quarter. Net income attributable to common shareholders also fell to $499 million, or $1.76 per share, in the quarter ended Sept. 30, from … [Read more...]

Lenovo closes $2.91 billion acquisition of Motorola unit from Google

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BEIJING (Reuters) China's Lenovo Group Ltd said Thursday it has closed its $2.91 billion acquisition of the Motorola handset unit from Google Inc, paving the way for a fresh assault on the U.S. smartphone market. The purchase comes as Lenovo, the world's leading PC maker, ramps up its effort to … [Read more...]

BlackBerry CEO pens open letter ahead of Classic launch

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TORONTO (Reuters) BlackBerry Ltd Chief Executive John Chen penned an open letter to current and former BlackBerry users on Wednesday in a push to create some buzz for the company's new BlackBerry Classic device, which is set to debut later this year. The Classic, which bears striking similarities … [Read more...]

Comcast settles lawsuit over overcharging cable TV subscribers

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By Jonathan Stempel (Reuters) Comcast Corp has reached a $50 million settlement in a decade-old lawsuit accusing it of overcharging cable television subscribers, 1-1/2 years after the U.S. Supreme Court threw out a larger version of the class-action case. The preliminary settlement, which … [Read more...]

Dow Jones asks court to deny GT Advanced, Apple’s secrecy motion

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(Reuters) Dow Jones & Co Inc, publisher of the Wall Street Journal, has asked a court to deny a request by Apple Inc and GT Advanced Technology Inc to keep under seal some documents relating to GT Advanced's bankruptcy. Dow Jones, owned by News Corp, said keeping the documents under seal … [Read more...]

House of Cards actress Elizabeth Norment dies at age 61

Elizabeth Norment

NEW YORK (Reuters) Elizabeth Norment, the American actress best known for her role on the Netflix political series "House of Cards," has died at the age of 61. The actress passed away on Oct. 13 at Memorial Sloan Kettering Cancer Center in New York, according to media reports. No other details … [Read more...]

Electronic Arts revenue and profit rises in second quarter

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SAN FRANCISCO (Reuters) Video game publisher Electronic Arts Inc reported better-than-expected revenue and profit for its fiscal second quarter on Tuesday, driven by strong digital sales from titles such as "FIFA" and by cost controls. For the three months ended Sept. 30, the company posted … [Read more...]

Rite Aid becomes latest retailer to shut off Apple Pay

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CHICAGO (Reuters) U.S. drugstore chain Rite Aid Corp will ban Apple Pay, Apple Inc's new electronic payments service in its 4,572 stores as it commits to joining a consortium of other large retailers developing a rival payments system. Retailers including Wal-Mart Stores Inc, Target Corp, Kohl's … [Read more...]

Canon quarterly profit slides on weak camera demand but full-year forecast lifted

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By Sophie Knight - TOKYO (Reuters) Japan's Canon Inc said quarterly operating profit fell by a fifth as demand for digital cameras slumped and it spent more on developing new businesses, but it nudged up its full-year earnings estimates on a sharply weaker yen. The consumer shift to smartphones … [Read more...]

Ouija spells out win on U.S., Canada movie charts

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By Lisa Richwine and Chris Michaud (Reuters) "Ouija," a horror film inspired by the board said to contact the dead, haunted the top of movie charts in the United States and Canada, collecting $20 million (12.42 million pounds) in weekend ticket sales and knocking Brad Pitt's "Fury" out of first … [Read more...]

Saturday Night Live interns settle NBCUniversal wage lawsuit

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By Jonathan Stempel - NEW YORK (Reuters) Thousands of former interns at NBCUniversal, including on the late-night TV show "Saturday Night Live," have reached a $6.4 million settlement of a class-action lawsuit claiming they should have been paid for their work. The settlement resolves claims … [Read more...]

America Movil says not in talks over T-Mobile US

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MEXICO CITY (Reuters) America Movil is not talking to anybody at this stage about a possible purchase of T-Mobile US, Chief Executive Daniel Hajj told a conference call on Friday. Germany's Monthly Manager Magazin on Thursday said America Movil was a possible buyer of the company, citing people … [Read more...]

Microsoft sales beat Street hopes, shares rise

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SEATTLE (Reuters) Microsoft Corp reported higher-than-expected revenue for its fiscal first quarter on Thursday, helped by stronger sales of its phones, Surface tablets, and cloud-computing products for companies, while keeping its profit margins intact. The results allayed fears of investors in … [Read more...]

FCC pauses clock on AT&T-DirectTV, Comcast-TWC merger reviews

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WASHINGTON (Reuters) The U.S. Federal Communications Commission on Wednesday paused its informal "shot clock" deadline on the reviews of the proposed mergers of AT&T Inc and DirecTV, and of Comcast Corp and Time Warner Cable Inc over the issue of confidential programming agreements. The FCC, … [Read more...]

Hungary plans new tax on Internet traffic, public calls for rally

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By Marton Dunai - BUDAPEST (Reuters) Hungary plans to impose a new tax on Internet data transfers, a draft 2015 tax bill submitted to parliament late on Tuesday showed, in a move that could hit Internet and telecoms providers and their customers hard. The draft tax code contains a provision for … [Read more...]

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