Reuters Technology Report: July 28, 2016

Click to View in Browser Thursday, July 28, 2016 Alphabet revenue beats Wall Street view, shares rise (Reuters) - Alphabet Inc , Google's parent, posted a 21.3 percent increase in second-quarter revenue, exceeding analysts' expectations, driven by strong advertising sales on mobile devices and for video content. Amazon revenue beats estimates as cloud sales surge (Reuters) - Amazon.com Inc reported a better-than-expected rise in quarterly revenue, powered by blockbuster growth in its cloud services unit and an increase in subscriptions for its Prime loyalty program. Oracle to buy NetSuite for $9.3 billion to gain cloud computing clout (Reuters) - Business software maker Oracle Corp said on Thursday it would buy NetSuite Inc for about $9.3 billion in cash, a deal designed to help Oracle gain market share in the fast-growing cloud computing business. Facebook shares hit record high as it beats estimates again (Reuters) - Facebook Inc is growing so fast that analysts can't keep up. Expedia quarterly profit slides (Reuters) - Expedia Inc , the world's largest online travel services company, said quarterly net income fell 93 percent from a year earlier when it recorded a $395 million after-tax gain related to the sale of eLong. Baidu posts biggest profit decline since going public (Reuters) - Baidu Inc , China's biggest Internet search firm, reported a 34 percent fall in quarterly net income - its biggest ever decline since going public - hurt by a healthcare scandal that embroiled the company this year. Vivendi considers suing Mediaset for defamation: spokeswoman PARIS (Reuters) - French media giant Vivendi is considering suing Mediaset for defamation after the Italian broadcaster denounced what it sees as an unacceptable u-turn on a deal regarding its pay-TV arm Premium. Mercedes rejects claims about 'misleading' self-driving car ads FRANKFURT (Reuters) - Mercedes-Benz has defended an advertising campaign for its new E-Class against allegations that consumers were being misled about the car's self-driving capabilities, the latest backlash by consumer groups in the wake of a fatal Tesla accident. China green lights ride-hailing services with new regulations BEIJING (Reuters) - China has given the green light to online ride-hailing services, issuing guidelines that establish a long-awaited framework for the booming industry and remove uncertainty for firms such as Didi Chuxing and U.S. rival Uber Technologies Inc [UBER.UL]. Record online orders boosts GrubHub revenue, shares soar (Reuters) - GrubHub Inc's revenue increased more than expected in the second quarter as a record number of people used its service to order meals online, sending the company's shares surging to a new year-high. Related Video Exercise plus electro-stimulation boosts calorie burn, study says Belgian scientists turn urine into drinking water 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