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Facebook's rise in profits, users shows resilience after scandals
(Reuters) - Facebook Inc shares rose on Wednesday after the social network reported a surprisingly strong 63 percent rise in profit and an increase in users, with no sign that business was hurt by a scandal over the mishandling of personal data.

Trump, top aides talk trade with Apple CEO Cook at White House
WASHINGTON (Reuters) - President Donald Trump and two top aides talked about trade issues with Apple Inc chief Tim Cook on Wednesday as the White House prepares to try to avert a trade war with China, a manufacturing hub for the iPhone maker.

Qualcomm chip sales indicate some smartphone strength
(Reuters) - U.S. chipmaker Qualcomm Inc's quarterly profit and revenue topped Wall Street forecasts, suggesting that a slowdown in the global smartphone business might be less severe than feared after a string of weak forecasts from suppliers.

Facebook will not testify at U.S. House hearing on social media
WASHINGTON (Reuters) - Facebook Inc said on Wednesday it has declined an invitation to testify at a U.S. House of Representatives hearing Thursday on filtering practices by social media companies, a company spokesman said.

PayPal quarterly profit beats estimates, shares rise
(Reuters) - PayPal Holdings Inc on Wednesday reported first-quarter profit that beat Wall Street estimates as the payment processor benefited from higher volumes of mobile payments and strong merchant services business.

Brazil prosecutors say Windows 10 settings violate local laws
SAO PAULO (Reuters) - Federal prosecutors in Brazil asked a court on Wednesday to force Microsoft to change its default installation process for Windows 10, which they said violated several local laws by collecting user data without their "express consent."

Samsung Elec flags mobile weakness as chips power record first profit
SEOUL (Reuters) - Samsung Electronics Co Ltd said weakness in the global smartphone market would slow earnings growth, as it reported record quarterly profit on Thursday thanks to strong demand for semiconductors used in servers.

Twitter shares fall on outlook of slower growth, rising costs
(Reuters) - Twitter Inc shares fell on Wednesday after the social network said its revenue growth would slow this year and costs rise as it works to fight the spread of hate speech and allegations of election manipulation through its service.

Britain pumps cash into artificial intelligence before Brexit
LONDON (Reuters) - Britain announced on Thursday a 1 billion pound ($1.4 billion) joint investment in the artificial intelligence (AI) industry to capitalize on what the government sees as a competitive advantage in the sector as it prepares for life after Brexit.

U.S. probing Huawei for possible Iran sanctions violations: sources
NEW YORK/LONDON (Reuters) - U.S. prosecutors in New York have been investigating whether Chinese tech company Huawei [HWT.UL] violated U.S. sanctions in relation to Iran, according to sources familiar with the situation.


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