EA beats revenue estimates, misses forecast

(Reuters) – Electronic Arts Inc beat first-quarter revenue estimates as demand rose for its popular titles including “Battlefield 1” and “The Sims”, but forecast current-quarter revenue slightly below expectations.

GM Cadillac chief outlines plan for fewer sedans, more electrics

DETROIT (Reuters) – The head of General Motors Co’s Cadillac luxury division said on Thursday the brand will shrink its lineup of sedans and expand its offerings of sport utility vehicles and hybrid and electric vehicles in response to market shifts.

Intel’s quarterly beat, raised forecasts send shares higher

(Reuters) – Intel Corp reported a better-than-expected quarterly profit, and the world’s largest chipmaker raised its full-year forecasts, sending its shares up 4.2 percent after the bell.

Netgear shares surge after sales jump in second quarter

SAN FRANCISCO (Reuters) – Shares of Netgear Inc jumped 15 percent on Thursday, a day after second-quarter revenue beat expectations, helped by strong sales of its security camera.

Amazon’s Jeff Bezos becomes world’s richest: Forbes

(Reuters) – Amazon.com Inc Chief Executive Jeff Bezos has unseated fellow tech billionaire Bill Gates as the richest person in the world, profiting from the e-commerce company’s meteoric stock rise to reach a fortune of $90.6 billion, Forbes reported.

As downloaded music fades away, Apple discontinues older iPods

(Reuters) – Apple Inc said Thursday that it will discontinue the iPod Shuffle and iPod Nano, the last two music players in the company’s lineup that cannot play songs from Apple Music, its streaming service that competes with Spotify and Pandora Media Inc .

Digital rights groups pressure Blackstone on reported NSO Group deal

(Reuters) – Digital rights group Access Now on Thursday began circulating a petition urging Blackstone Group to abandon any plan to invest in Israeli firm NSO Group, a maker of spyware for mobile devices, following a report that such a deal may be imminent.

EU gives initial OK to more Russia sanctions over Siemens, no final decision

BRUSSELS (Reuters) – European Union states have given initial backing to a German proposal to blacklist several more Russian nationals and companies over the delivery of Siemens gas turbines to Crimea, but made no final decision, diplomats said.