Google Inc.’s $3.2 billion purchase of a digital thermostat maker may jump-start a multibillion- dollar race to acquire companies that are powering the rise of Web-connected devices across homes, cities and workplaces.
Qualcomm Inc.’s growth prospects in the world’s largest mobile-phone market may be under threat after China’s National Development and Reform Commission began an investigation related to an anti-monopoly law.
BlackBerry Ltd.’s five-year deal to outsource smartphone production to Foxconn Group is jump- starting its transformation into a services provider, pleasing investors who were looking for a smaller, nimbler company.
Cisco Systems Inc.’s shares fell 11 percent after the company forecast its first quarterly sales decline in four years, adding to evidence that Chief Executive Officer John Chambers’s turnaround plan is sputtering.
Cisco Systems Inc., the world’s largest maker of computer-networking equipment, gave quarterly profit and sales forecasts that missed analysts’ estimates on sluggish emerging-market demand and weak corporate spending.