Technology News


Australian miner Fortescue says two driverless trucks involved in low-speed incident

Australian iron ore miner Fortescue said on Friday that one of its driverless trucks, traveling at low speed, ran into another that was parked at its remote Western Australian operations in an incident earlier this week.


Prominent investors stock up on eBay, then activists flex muscle

EBay Inc.’s stock price slumped for most of last year but a number of prominent hedge funds were so convinced that change is on the horizon for the e-commerce company that they established new or added to existing positions in the last months of 2018.


Nvidia full-year sales outlook tops analyst views; shares rise

Chip maker Nvidia Corp on Thursday forecast sales for its current fiscal year that topped Wall Street expectations, sending its shares up 8 percent in late trading.


Berkshire trims Apple stake, adds Suncor and Red Hat, exits Oracle

Warren Buffett’s Berkshire Hathaway Inc said it has trimmed its stake in iPhone maker Apple Inc, though none of the selling was Buffett’s, and added positions in Canada’s Suncor Energy Inc and software company Red Hat Inc.


Applied Materials second-quarter forecast misses on weak chip demand

Chip gear maker Applied Materials Inc forecast second-quarter profit and revenue below analysts’ estimates on Thursday, underscoring the weakness in the semiconductor industry that has forced some companies to temper their outlook.


U.S. negotiating multibillion-dollar fine with Facebook: report

The U.S. government and Facebook Inc are negotiating a settlement over the company’s privacy lapses that could require the online social network to pay a multibillion-dollar fine, the Washington Post reported on Thursday.