Today's Top Gadgets & Tech Story

Amazon.com's stock market value hits $900 billion, threatens Apple

SAN FRANCISCO (Reuters) - Amazon.com's stock market value reached $900 billion on Wednesday for the first time, marking a major milestone in its 21-year trajectory as a publicly listed company and threatening to dislodge Apple as Wall Street's most valuable jewel. Read More

 

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Google, hit with record $5 billion EU antitrust fine, to appeal

BRUSSELS (Reuters) - EU antitrust regulators hit Google with a record 4.34 billion euro ($5 billion) fine on Wednesday and ordered it to stop using its Android mobile operating system to block rivals, a ruling which the U.S. tech company said it would appeal. More »

 

IBM quarterly revenue tops estimates

(Reuters) - International Business Machines Corp on Wednesday reported second-quarter revenue that beat analysts' expectations as it benefited from growth in higher-margin businesses including cybersecurity and cloud computing. More »

 

EBay second-quarter profit rises 7.7 percent

(Reuters) - EBay Inc reported a 7.7 percent rise in quarterly profit on Wednesday, as tweaks to its websites and a focus on marketing drew more shoppers at a time when it has been trimming its workforce. More »

 

Amazon sells more than 100 million products on Prime Day event

(Reuters) - Amazon.com Inc said online shoppers purchased more than 100 million products worldwide during its Prime Day sale, despite glitches on its mobile app and websites that prevented customers from placing orders. More »

 

Google launches game on Tencent's Wechat as it eyes China market

BEIJING (Reuters) - Alphabet Inc's Google said on Wednesday it has launched an artificial intelligence (AI) game on Tencent Holdings Ltd social media app WeChat, as the company continues to show tentative signs of re-entering China's consumer market. More »

 

Israel's Elbit on hunt for more takeovers

FARNBOROUGH, England (Reuters) - Israeli military electronics firm Elbit Systems, which has just completed two acquisitions in the United States and Israel, remains on the lookout for potential takeover targets in the United States and Europe, a top official said Wednesday. More »

 

Hyundai sets up showroom on Amazon

(Reuters) - Hyundai Motor Co said on Wednesday it will set up a showroom on Amazon.com that will help car buyers book test drives, check dealer inventories and compare pricing and reviews. More »

 

Germany forces 1,050 Tesla owners to forgo electric car bonus

FRANKFURT (Reuters) - Germany has said 1,050 owners of the Tesla Model S must forgo a 2,000 euro electric car subsidy because the value of their vehicles surpasses an eligibility threshold. More »

 

Uber hires former adviser to David Cameron to lead lobbying in northern Europe

LONDON (Reuters) - Uber Technologies has hired an ex-adviser to former British prime minister David Cameron to lead the ride-hailing firm's lobbying efforts in northern Europe, less than a month after the company won a reprieve to operate in London. More »

 

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