Category: Technology

Elliott Investment Management is building a stake in PayPal Holdings Inc., the payments giant that has been firing staff and closing offices to cut expenses. Elliott plans to push for PayPal to speed those cost-reduction efforts, according to people familiar with the matter. The activist investor may ultimately become one of the company’s five-largest shareholders, […]

Alphabet Inc., Microsoft Corp. and Texas Instruments Inc. posted double-digit quarterly revenue growth on Tuesday and expressed optimism about the coming months, reassuring investors who had been fretting that the technology industry was poised for a dour second half. All three companies jumped in early trading on Wednesday. Alphabet shares rose 4%, Microsoft was up […]

South Korean chipmaker SK Hynix Inc. warned of waning memory growth and rising inventories, becoming the latest tech giant to sound the alarm over global economic uncertainty. The downbeat sentiment came after the Apple Inc. supplier logged a 56% jump in second-quarter profit on resilient demand and a weak Korean won on Wednesday. But executives […]

A hotly anticipated new Star Wars game is in serious trouble, according to people familiar with the project. Star Wars Knights of the Old Republic, a remake of a 2003 role-playing game, is delayed indefinitely as developers at Austin, Texas-based Aspyr Media try to figure out what comes next. Aspyr also abruptly fired the game’s […]

Twitter Inc. shareholders will get their say in September on Elon Musk’s proposed acquisition of the social media company. Investors will be asked to consider and vote on Musk’s $54.20-a-share offer at a special meeting scheduled Sept. 13 at 10 a.m. Pacific time, the company said Tuesday in a regulatory filing.

Google parent Alphabet Inc. reported second-quarter revenue that met analysts’ expectations, reflecting the internet giant’s resilience amid slowing growth in advertising. Revenue, excluding payments to distribution partners, was $57.5 billion in the quarter, the company said Tuesday in a statement. Analysts had projected $58 billion, according to data. Shares rose about 5% in extended trading.

Microsoft Corp. gave an upbeat sales forecast for the fiscal year that just began, easing investor concerns about growth that had flared up following a lackluster fourth-quarter earnings report. Shares jumped more than 5% in late trading, reversing earlier declines. On a conference call Tuesday, the software giant said it expects revenue and operating income […]