Reuters Technology Report: April 28, 2016

Click to View in Browser Thursday, April 28, 2016 Amazon profit crushes estimates as cloud service revenue jumps (Reuters) - Amazon.com Inc's quarterly profit and revenue topped analysts' expectations by a wide margin as the Prime loyalty program helped the online retail giant attract more customers and revenue surged in its cloud services business. Facebook in class of its own as ad revenue soars After underwhelming results from Apple Inc, Google Inc and other big tech names, investors finally found a friend in Facebook Inc after the company shredded Wall Street's forecasts for revenue, profit and user growth. U.S. high court approves rule change to expand FBI hacking power WASHINGTON (Reuters) - The Supreme Court on Thursday approved a rule change that would allow U.S. judges to issue search warrants for access to computers located in any jurisdiction, despite opposition from civil liberties groups who say it will greatly expand the FBI's hacking authority. Carl Icahn says he sold entire Apple stake on China woes: CNBC NEW YORK (Reuters) - Billionaire activist investor Carl Icahn said Thursday he had sold his entire stake in Apple Inc , citing the risk of China's influence on the stock. LinkedIn raises 2016 forecast as demand rises for hiring services (Reuters) - LinkedIn Corp , the operator of the world's biggest online network for professionals, reported better-than-expected quarterly revenue and profit as demand grew for its hiring services and the company raised its 2016 forecasts. China's Baidu reports 24.3 percent jump in revenue (Reuters) - Baidu Inc, sometimes referred to as China's Google, reported a 24.3 percent increase in quarterly revenue as more advertising money flowed into its core search engine business. Verizon offers improved contract proposal to worker unions (Reuters) - Verizon Communications Inc said it had presented a revised contract proposal to the unions representing nearly 40,000 workers, who have been on strike after contract talks hit an impasse. Expedia posts surprise profit as acquisitions pay off (Reuters) - Expedia Inc, the world's largest online travel services company by bookings, posted a surprise quarterly profit, largely helped by a string of acquisitions. Fiat Chrysler, Alphabet in technology partnership talks: WSJ (Reuters) - Fiat Chrysler Automobiles NV is in late-stage talks with Alphabet Inc's self-driving car division for a technology partnership, the Wall Street Journal reported, citing a person familiar with the discussions. Younger U.S. buyers more open to self-driving cars: J.D. Power DETROIT (Reuters) - U.S. consumers who are under 40 are more open than older people to self-driving cars and their underlying systems, according to a survey released on Thursday by J.D. Power. Related Video After glitch, Russia launches first rocket from new cosmodrome Lebanese women design website to report sexual harassment in Beirut 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