News highlights for 20 October
REUTERS/Jacky Naegelen/File Photo
Microsoft shares on Cloud Nine, as revenues from cloud beat expectations
(Reuters) – Microsoft Corp said sales of its flagship cloud product doubled in its first quarter, propelling earnings above analysts’ estimates and sending its shares to an all-time high, breaking past a level hit in 1999 at the peak of the tech stock bubble. Read more…
Nintendo underwhelms with new console, shares suffer
TOKYO (Reuters) – Nintendo Co Ltd offered a sneak preview of a new gaming system that can be used both as a traditional console as well as a handheld device, but a lack of revolutionary features helped send its shares sliding 6 percent. Read more…
Tesla to launch ride sharing service
SAN FRANCISCO (Reuters) – Tesla Motors Inc is planning to roll out a ride services program and will announce details next year, the luxury electric vehicle maker said on its website, a service first outlined by Chief Executive Elon Musk in his master plan in July. Read more…
Now, unbelievably, drone advertising!
Look up in the sky — it’s a bird, it’s a plane! No, it’s a drone promoting Uber. Companies are now vying for your money and attention through drone advertising — or “drone-vertising.” Read more…
Verizon disappoints with subscriber additions, might renegotiate Yahoo deal
(Reuters) – Verizon Communications Inc added fewer than expected wireless subscribers in the third quarter due to intense competition, and indicated it may renegotiate a deal to buy Yahoo Inc after a breach of Yahoo user email accounts. Read more…
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