Reuters Technology Report: January 28, 2016

Click to View in Browser Thursday, January 28, 2016 Amazon's shares plunge as sales, profit miss Wall Street estimates (Reuters) - Amazon.com Inc's holiday quarter profit missed Wall Street's estimates by a wide margin as the world's No. 1 online retailer faced rising operating costs and growth slowed in its cloud services business. Alphabet to report results in two segments: Google, Other Bets (Reuters) - Alphabet Inc, the new holding company for Google, said it would report its quarterly results in two segments, Google and Other Bets. Microsoft beats on high demand for cloud products (Reuters) - Microsoft Corp reported quarterly revenue and profit that beat analysts' expectations, driven by aggressive cost cutting and growing demand for its cloud products and services. Xerox to split in two; give Icahn three board seats: WSJ (Reuters) - Xerox Corp will split into two companies and give activist investor Carl Icahn three seats on the board of one of the companies, the Wall Street Journal reported. Facebook shares jump 15.5 percent after strong results (Reuters) - Facebook Inc shares surged 15.5 percent on Thursday, their biggest percentage increase since July 2013, after the social networking service posted quarterly results that blew away expectations on every key measure. Electronic Arts does not raise forecast as much as expected (Reuters) - Electronic Arts Inc reported a lower-than-expected quarterly profit and did not raise its full-year profit and sales forecasts as much as expected, sending its shares tumbling 7 percent in after-hours trading. GM names executive to lead autonomous driving efforts DETROIT (Reuters) - General Motors Co said on Thursday it is reorganizing certain vehicle engineering operations to speed efforts to develop autonomous and electrified vehicles. Yahoo to shut Argentina and Mexico offices (Reuters) - Yahoo Inc plans to close its offices in Argentina and Mexico, a company spokeswoman said on Thursday. FTC says web site will aid recovery from identity theft WASHINGTON (Reuters) - The Federal Trade Commission has upgraded a web site designed to guide victims of identity theft in their efforts to mitigate the damage, the agency said on Thursday. Data privacy bill in Congress, trans-Atlantic deal elusive WASHINGTON/BRUSSELS (Reuters) - A U.S. Senate panel approved measures on Thursday that were causing concern in Europe among negotiators hammering out a new trans-Atlantic pact on electronic data transfer, an issue for many companies such as Facebook and Microsoft. Related Video 3D printing helps toddler receive adult kidney America remembers Challenger, 30 years on Mediafile How about Hightail-ing it? On Twitter, dubious health claims from e-cigarette bots A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today A quick-fix on the day's news delivered when you want it. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2016 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook