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Facebook on Wednesday reported earnings of 79 cents per share on $5.84 billion in revenue for Q4 2015, and annual revenue of $17.93 billion, an increase of 44 percent year over year. Net income for the full year ended Dec. 31 was $3.69 billion. Analysts reportedly had expected per-share earnings of ...

FCC Chairman Tom Wheeler on Wednesday announced that he'd shared with colleagues a long sought-after proposal to loosen the set-top box's grip on home entertainment. The proposal seeks to spur competition and consumer choice in an arena dominated by large cable and satellite television providers. Wh...

The U.S. government has authorized an information technology contract with a potential value of $503 million that is designed to meet newly adopted goals for greatly improving IT acquisition. The General Services Administration, which issued the contract for software and cloud-related services, desc...

Their fears confirmed, investors were bearish on Apple Wednesday, the day after the company reported its slowest-growth quarter ever. The company's shares closed the day at $93.44, down 6.55 percent. In its Q1 earnings report, Apple prepared investors for what may come next: its weakest quarter for ...

Sony on Tuesday announced plans to merge its PlayStation operations in a new company to be headquartered in the U.S. Sony Interactive Entertainment will open for business on April 1, starting with $2 million in operating capital. The new California-based firm will merge the operations of Japan-based...

In the runup to the release of Apple's Q1 2016 earnings report Tuesday, one of the big unanswered questions was whether the iPhone could maintain its sales momentum. Q1 2015 iPhone sales hit a record 74.5 million units, and it's possible the latest quarter's shipments may not equal -- let alone exce...

AOL on Monday announced that it has agreed to purchase AlephD as it ramps up efforts to boost its key assets: its global content brands, millennial-focused over-the-top content, original video content, and programmatic advertising platforms. AlephD's algorithms focus on publisher analytics and price...

As the U.S. retail industry puts another long holiday shopping season behind it, a few changes appear to be taking place. For one thing, it appears there's a new recipe for success. Growing a business requires more than setting up a fancy website, placing inventory into a warehouse, and engaging a s...

Twitter CEO Jack Dorsey on Sunday announced that four executives have exited the company. Alex Roetter and Kevin Weil, who managed the engineering teams responsible for generating ads; Katie Stanton, who helped guide the international offices; and Skip Schipper, who oversaw HR and recruiting, all ha...

California State Assemblyman Jim Cooper last week introduced a bill seeking to ban the sale of smartphones that include unbreakable encryption. The bill would require smartphones made on or after Jan. 1, 2017, and sold in California to be capable of being decrypted and unlocked by their manufacturer...

Worldwide downloads of Android apps in 2015 were double those for iOS, but revenues from iOS apps were nearly twice those of Android, according to an App Annie report released this week. First-time device owners in emerging markets drove the huge increase in Android downloads, researchers found. "Th...

Foxconn Technology Group has offered as much as $5.3 billion to purchase Sharp, according to media reports this week. Foxconn, formally known as "Hon Hai Precision Industry Co.," is said to have offered between $5.1 billion, or 600 billion yen, and $5.3 billion, or 625 million yen. A response to the...

A coalition of 59 organizations on Wednesday sent a letter to U.S. Federal Communications Commission Chairman Tom Wheeler calling on him to get cracking on privacy protection rules for consumers. The groups include consumer advocates such as Consumer Watchdog and the Chicago Consumer Coalition as we...

Apple this week released a diversity report showing that initiatives to broaden the makeup of its U.S. workforce haven't been as successful as CEO Tim Cook suggested last year. The EEO-1 report filed with the federal government covers Apple's 2015 hires in the United States. Its numbers vary widely ...

Streaming media services, including Dish Network-owned Sling TV, could help make up for losses in traditional pay TV subscribers, ESPN President John Skipper said an interview with The Wall Street Journal published Tuesday. However, he also expressed frustration with Apple's attempts to date in the ...