PayPal is in the early stages of what may be a blockbuster mobile payments deal with McDonald's Corp, the world's biggest hamburger chain.
McDonald's is testing a mobile payments service featuring PayPal at 30 of its restaurants in France.
Earlier this year, McDonald's ran demonstrations of a broader PayPal mobile payments service at its franchisee conference in Orlando, Florida.
A McDonald's spokeswoman confirmed the France tests and said the PayPal demonstration at its conference was part of a booth that features "technology coming within the next 24 months or so."
Research In Motion plans to provide BlackBerry users with an easy way to tap their contacts' public profiles -- including blog posts, tweets, emails and other details -- in its latest push to regain ground in the smartphone market.
The new contact management feature, which pulls in contact details from social media and other Internet sites into a single Blackberry page, will be available on RIM's next generation of smartphones that are set to launch early next year, the company said on Thursday.
Network storage equipment maker Brocade Communication Systems Inc's third-quarter results beat Wall Street estimates, boosted by a 13 percent rise in storage equipment sales, and the company said its chief executive intends to resign.
Shares of the company rose 11 percent after the market-topping results but lost all of their gains on news of the CEO's resignation.
A faltering recovery in the United States and weakness in Europe has hit network equipment makers as telecom service providers, their biggest customers, cut spending and delay purchases of new equipment.
Canada’s communications regulator has approved the C$1.32 billion ($1.34 billion) acquisition of a majority stake in Maple Leaf Sports and Entertainment (MLSE) by Rogers and BCE.
The deal gives two of the country’s biggest telecoms operators 75% of MLSE, which owns the Toronto Maple Leafs, the renowned ice hockey team, and the Toronto Raptors, of basketball fame.
New Zealand technology company Rakon has signed a deal with Huawei that targets a quadrupling of its sales to the Chinese manufacturer over the next five years.
The realization of that goal would bring Rakon’s sales to Huawei to $56 million by 2017.
Huawei has been working with Rakon for a number of years and plans to use the company’s frequency control products in its handsets, smart devices and infrastructure programs.
Taiwanese smartphone maker HTC Corp said it will buy a 17.1 percent stake in a U.S. next-generation enterprise platform company for $35.4 million in order to enhance service offerings to its mobile enterprise customers.
"The investment will bring social, mobile, and cloud capabilities to HTC's portfolio of service offerings to its mobile enterprise customers," HTC said in a statement on Monday.
VimpelCom has reported a surge in its quarterly profit despite unfavourable currency movements, continued conflict between its shareholders and a run-in with the Algerian government.
Facing challenges on numerous fronts, the huge Russian operator managed to increase second-quarter net income by 83% compared with the same period last year, to $488 million, thanks to cost reductions and the growth of some emerging-market operations.
Competition from over-the-top services and the deficiencies of its own third-generation (3G) mobile-phone technology are costing China Mobile dearly.
The biggest mobile-phone operator in China reported disappointing growth in net profit for the first half of the year of just 1.5%, to 62.2 billion yuan ($9.77 billion), compared with the same period of 2011.
As China’s vast market becomes flooded with handsets, revenues rose just 6.6% to 266.53 billion yuan, a much weaker rate of growth than in previous years.
Qatar’s Qtel has made a $2.2 billion offer for the 47.5% share of Kuwait’s Wataniya it does not already own.
The operator says it has already won the approval of Kuwait’s Capital Markets Authority for the deal.
The announcement comes just two months after Qtel doubled its stake in Iraq’s Asiacell to 60% for $1.47 billion.
Backed by the cash-rich Qatari state, Qtel is increasing its holdings in fast-growing businesses at a time when other big telecoms operators would struggle to fund deals.
Cisco Systems Inc offered little hope that dire economic conditions in Europe would come to an end any time soon but pleased investors with a 75 percent dividend hike as the company posted quarterly results that beat estimates.
The world's largest network equipment maker had spooked investors three months ago, when Chief Executive John Chambers cautioned that macroeconomic conditions in Europe could hurt technology spending but now analysts expect Chambers to remain cautious.