Technology

Nintendo in Wider-Than-Expected 1Q Loss

Japan's Nintendo booked an operating loss in the first quarter, hurt by unfavorable currency rates although hopes for long-term growth are running high on the worldwide success of Pokemon GO.

Mobileye Shares Sink on Tesla Breakup

Shares of Mobileye NV, an Israeli maker of driving-assistance chips and software, plummeted on Tuesday after the company said its contract with Tesla Motors Inc would not be renewed after its expiry.

Texas Instruments Forecasts Strong 3Q

Texas Instruments forecast revenue and profit for the current quarter largely above analysts' estimates, helped by strong demand for its chips used in the automotive, industrial and communications markets.