Carl Icahn says he sold entire Apple stake on China woes: CNBC
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. Icahn, in an interview with cable television network CNBC, also said he was "still very cautious" on the U.S. stock market and there would be a "day of reckoning" unless there was some sort of fiscal stimulus. Icahn had been a huge cheerleader of Apple, acquiring a stake in the company almost three years ago, repeatedly calling the investment a "no brainer." In an open letter to Apple Chief Executive Officer Tim Cook in May 2015, Icahn had argued that shares of the iPhone maker were worth $240, about 90 percent more than they had been trading.
Amazon delivers profit, stock surges
Amazon on Thursday reported a fourth consecutive quarterly profit, sending shares surging for the online giant known better for its customer connections than its profit margins. Profit for the first quarter was $513 million, compared with a $57 million loss in the same period a year ago, and marked a fourth straight quarter in the black for Amazon. In after-hours trade, Amazon shares leapt 11.6 percent to $672.27 on the news.
5 games that were never finished and are now impossible to beat
Some games require a great deal of effort to complete. Whether its their length, their difficulty or their complexity, games like Dark Souls , Spelunky and Dota 2 are best known for driving players crazy as they attempt to fight their way through increasingly lopsided battles, find every potential pitfall and learn the best matchups. But some games can't be beat simply because the developers never finished them. DON'T MISS: ‘Top Gear’ is getting a new spinoff next month called ‘Extra Gear’ In a video published earlier this week, YouTuber Larry Bundy Jr examines five games that seem impossible to beat only because they actually are impossible to beat. One of the more intriguing cases is that of Smash TV . This 1990 arcade game was known for its fiendish difficulty and seemingly endless stream of enemies. Any players who were able to make it to the end of the game would find themselves in a room with a locked door. They were told that if they collected enough keys, they could access a secret room known as the Pleasure Dome, but, lo and behind, the Pleasure Dome doesn't actually exist. The developers figured that no one would ever actually make it that far, so they didn't ever actually design the secret room. Tony Hawk's Pro Skater 5 is a much more recent example of a game that wasn't finished upon release. Modern games are notorious for day-one patches, but as Larry points out, the file that you download when you first install THPS 5 actually contains a vast majority of the game. Only the tutorial lives on the disc. See the rest of the unfinished games in the video below: https://www.youtube.com/watch?v=0mn-4y8YrU4
U.S. high court approves rule change to expand FBI hacking power
By Dustin Volz WASHINGTON (Reuters) - The Supreme Court on Thursday approved a rule change that would let U.S. judges 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. U.S. Chief Justice John Roberts transmitted the rules to Congress, which will have until Dec. 1 to reject or modify the changes to the federal rules of criminal procedure.
Pandora revenue rises on ad sales, shares up 11 percent
Music streaming service Pandora Media Inc posted a 29 percent rise in quarterly revenue on Thursday, buoyed by rising advertising sales. The strong quarterly performance comes at a pivotal time for Pandora, whose stock has fallen sharply this year amid concerns about stiffening competition in music streaming from rivals such as Apple Inc's Apple Music and Spotify. The company recently named a new chief executive, co-founder Tim Westergren, hoping to build goodwill in the music industry as it negotiates for licenses to launch an on-demand product.
Amazon profit crushes estimates as cloud service revenue soars
The results are a sharp contrast to the disappointing fourth quarter Amazon reported in January, which renewed worries among some shareholders about the company's comparatively thin profit margins. Amazon's performance also assuaged concerns about a broader slowdown among tech and internet companies after Apple , Microsoft and Intel all reported disappointing earnings. While Amazon displayed impressive growth for a company its size - revenues rose 28.2 percent to $29.13 billion - its Amazon Web Services cloud computing division was the highlight with revenues climbing 64 percent to $2.56 billion while operating income more than tripled to $604 million.
Chinese search engine giant Baidu's revenue jumps 24 percent
(Reuters) - Baidu Inc, sometimes referred to as China's Google, reported a 24.3 percent jump in quarterly revenue as more advertising money flowed into its core search engine business. The company's shares rose nearly 5 percent to $194.69 in extended trading on Thursday. Baidu's online marketing revenue rose about 19.3 percent to 14.93 billion yuan ($2.31 billion) in the first quarter. The company has been investing heavily to diversify away from search advertising, its mainstay so far, as customers increasingly use smartphones rather than personal computers for browsing the web. ...
Russia launches the first rocket from its brand-new spaceport
Russian space agency Roscosmos has launched the first rocket from Vostochny Cosmodrome, the country's newest spaceport. Last night at 10:01PM ET, a Soyuz-2.1a rocket blasted off, taking with it three satellites that will monitor the Earth and measure cosmic rays. Anatoly Zak, who has written about Russia's space program for years, reports for Popular Mechanics that Roscosmos (which is a corporation run by the Russian government) didn't allow any foreign press to view the launch from Vostochny.
Mom convicted of creating public nuisance for Facebook post
ROSWELL, N.M. (AP) — A New Mexico woman has been convicted of creating a public nuisance by posting an online comment about the possibility of a shooting at her son's middle school.
Oh look, Fitbit is probably going to make more Fitbits!
New trademark filings released today suggest that Fitbit is going to update its Charge and Flex wearables. The trademarks cover the Fitbit Charge 2 and the Fitbit Flex 2, marking the first upgrades to the devices since they were released in 2014 and 2013, respectively. Fitbit already released two new products this year — the Blaze and the Alta — both of which were on the higher end of its offerings. Four products in one year? Does filing trademarks burn calories? If so, how many?