Comcast loses more video subscribers; profits up
No. 1 U.S. cable operator Comcast Corp lost more video subscribers than expected in the second quarter amid the weak economy and stiff competition from phone and satellite companies, but profit beat forecasts due to better cost controls and tax gains. Read full Article here.
Twitter Down and Facebook's Slow
Twitter Inc., the fast-growing microblogging service, was inaccessible Thursday morning, struck by a denial-of-service attack, the company said on its status blog. Meanwhile, Facebook's site has been sluggish and unresponsive on Thursday. Read full Article here.
Lenovo cuts Q1 loss on China growth; outlook cautious
Lenovo, the world's No. 4 PC brand, relied on Chinese government-backed demand boost to cut quarterly losses and was wary on its outlook, underlying the fragility of its recovery. Lenovo's results underscored how the company and rival Dell are suffering from weak enterprise demand, compared to consumer-driven Taiwan's Acer and the much more diversified Hewlett-Packard. Read full Article here.