News

Apple sells more iPhones than expected, shares jump after hours

(Reuters) - Apple Inc sold more iPhones than Wall Street expected in the third quarter and estimated its revenue in the current period would top many analysts' targets, soothing fears that demand for the company's most important product had hit a wall.

Twitter revenue growth stalls, struggles to boost users

SAN FRANCISCO/BENGALURU (Reuters) - Twitter Inc reported its slowest revenue growth since going public in 2013 and set a disappointing forecast, fanning concerns that faster growing social media services will make it a niche product.

Tesla's Musk sees 'modest' capital raise for next strategic turn

SPARKS, Nevada (Reuters) - Tesla Motors Inc's next strategic turn could cost the electric car maker "tens of billions" of dollars over the long term, but will likely require only a "modest" capital raise, Chief Executive Elon Musk said on Tuesday.

Analog Devices to buy chipmaker peer Linear for $14.8 billion

SAN FRANCISCO (Reuters) - Analog Devices Inc said on Tuesday it would buy fellow chipmaker Linear Technology Corp for about $14.8 billion, the latest deal in a wave of consolidation that has swept the semiconductor industry in the past two years.

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