Company's fourth-quarter profits fell to $2.78 billion from $3.6 billion in the same period a year ago; currency exchange cited as part of the problem
News Financial Markets
Toshiba Moves Accounting Probe Into Chip Business
Following an independent investigation set up earlier in May, Toshiba will now probing accounting irregularities in its TV, PC and Chip divisions
Tax Practices Of Tech Giants Attacked By OECD Official
The man in charge of reforming global tax laws warns tech giants to stop “extremely aggressive” tax planning
Facebook Profit Slides As R&D Costs Bite
Social networking giant posts positive results, but profits dip and revenue growth slows
AMD Suffers £120 Million Loss, Dumps SeaMicro Server Business
AMD blames "challenging PC environment", with revenues down 26 percent year-over-year
IBM Prepares Defence Against Disgruntled Shareholders
After 11 consecutive quarters of revenue decline, shareholders turn to activist investors for shake things up at IBM
Say Hello To LEOcoin, Britain’s Hot New Cryptocurrency
Bitcoin-beater unveils LEOxChange at London event
5 Facts About Google’s New CFO
Who is Ruth Porat, and what will she bring to the table as Google's head of finance?
IBM’s Rometty Adamant On Chinese Technology Sharing
IBM CEO calls China a "great opportunity" at China Development Forum
Intel Takes $1bn Revenue Hit Amidst Slacking PC Market
Intel revenues set to drop $1 billion with 2015 to witness almost 5 percent drop in PC shipments
£226m Mt Gox Bitcoin Theft ‘An Inside Job’
Report of Mt Gox bitcoin exchange collapse fuels speculation of inside job after bot discovery
Snapchat Seeks £12 Billion Valuation
No disappearing act for Snapchat as app wants to raise $500 million in funding
SoftBank Enlists Japanese-Speaking IBM Watson As Profit Falls
IBM to teach Watson Japanese to give a helping hand to Softbank
Twitter’s Q4 Financial Results Send Investors Into A Frenzy
Twitter’s share price has soared more than 11 percent following the publication of its FY 2014 Q4 results.
Box Raises Share Price, Valued At £1.1bn On Eve Of IPO
Box shares will cost $14 a pop as long-awaited floatation nears
eBay Confirms Job Losses Amid Shareholder Pressure
Pressure from activist investor Carl Icahn forces eBay management to slash jobs and sell off assets
SAP Aligns With Profit Expectations As Cloud Shift Steadies
Cloud subs up 72 percent in preliminary earnings, pushing stock 4.6 percent
Lloyds Bank To Let Customers Deposit Cheques With Their Smartphones
New service is part of Lloyds tie-up with Smarta to launch Business Toolbox for SMEs
The Scary Truth About Credit Cards The Banks Don’t Want You To Know
And 5 top tips on how to use bank cards safely when shopping online this Christmas
Why Banks Should Take Notice Of Startup Innovation In The Fintech Industry
Toby Young, CTO at Ebury, tells TechWeek Europe what fintech trends banks should be keeping up with
Barclaycard Hooks Up Contactless Tube For Charity Donations
Mayor of London launches Penny for London scheme which will let commuters donate every time they tap in
Lloyds Cuts Jobs Amidst New Digital Focus
Over 9,000 jobs will be slashed and 150 branches closed under new strategy
Apple Pay Attracts 1m Subscribers In Just Three Days
Possible Alibaba partnership could help further reach of Apple Pay to Eastern markets
SnapDonate Lets You Give To Charity Via Your Smartphone
New image recognition app allows you to make donations from your device’s camera
Apple Pay Blocked At Two Major US Chains
CVS Health and Rite Aid disable Apple’s payment technology in their stores
UK ‘Biggest Market In Europe’ For Ecommerce – Klarna
Co-founder Niklas Adalberth tells TechWeek Europe that Apple Pay may not yet be the killer app
Mastercard Launches Fingerprint-Enabled Credit Card
Card provider teams up with Zwipe to launch new contactless payments method
Intel Makes Retail Payments More Secure With New IoT Security Tool
Intel Data Protection Technology for Transactions should mean fewer retailers run the risk of having customer data stolen
Tesco Tries Out Mobile Payment Shopping
Trial of PowaTag app available this week at Tesco's Dean Street Soho store
Twitter Users Can Now Send Money Via Tweets
New service currently available to any French Twitter users with a bank account