July 29, 2016, 8:05 AM

Top News

Source: Apple's car project switches focus to developing an autonomous driving software system, though Apple isn't ditching efforts to create its own vehicle  —  Dan Dodge, former founder, CEO of QNX, joined Apple this year  —  Bob Mansfield took over cars initiative with emphasis on tech
Jack Nicas / Wall Street Journal:
Alphabet beats expectations with net profit of $4.88B, up 24% YoY, on revenue of $21.5B, up 21% YoY  —  Google parent Alphabet Inc. rode strong advertising demand to a 24% increase in profits, as it continues to capture users and advertisers shifting to mobile.
Jordan Novet / VentureBeat:
Amazon Web Services posts $2.88 billion in revenue in Q2 2016, up 58% from last year  —  Ecommerce company Amazon today disclosed that its Amazon Web Services (AWS) public cloud division generated $2.88 billion in revenue in the second quarter of this year.  That's 58 percent more than AWS generated in the second quarter of 2015.
Jason Del Rey / Recode:
Earning $857M in Q2, Amazon posts record profit for the third straight quarter  —  Yes, that Amazon.  —  Amazon — yes, Amazon — is on a profits streak.  —  The company with the long-time reputation on Wall Street as a money-loser just revealed a record-setting quarterly profit for the third straight quarter.
Wall Street Journal:
How Apple's assertive negotiating style alienated cable providers and networks, and hurt its efforts to revolutionize the TV industry  —  In search of its new big thing, the company has alienated cable providers and networks with an assertive negotiating style; ‘time is on my side’
Mary Jo Foley / ZDNet:
Filing: Microsoft to layoff 2,850 from mobile and sales divisions as it completes Nokia cuts, which started in 2015  —  MIcrosoft is cutting 2,850 more jobs beyond the 1,850 that the company announced would be eliminated earlier this year.  The new cuts will hit phone hardware and sales.
Saurabh Gupta / Official Google for Work Blog:
Google introduces add-ons for Docs and Sheets on Android; initial integrations include DocuSign and Scanbot  —  Posted by By Saurabh Gupta, Product Manager, Google Apps  —  We know many of you consider your mobile device as your primary tool to consume business information …
Paul Mozur / New York Times:
Didi Chuxing and Uber to become legal in China starting November; drivers must be licensed, have three years experience, and no criminal record  —  HONG KONG — Ride-hailing services in China have attracted billions of dollars in investments.  They have pulled in money from some of the …
Jay Greene / Wall Street Journal:
Oracle to Buy Cloud-Software Provider NetSuite for $9.3 Billion  —  Larry Ellison is largest holder of NetSuite, which is led by an ex-Oracle executive  —  Oracle Corp. agreed to buy NetSuite Inc. for $9.3 billion, among the largest acquisitions in its history, bolstering …

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