European leaders struck by a wave of terror attacks are putting added pressure on technology companies including Facebook, Twitter and Google to weed out extremist content spread with social media, and to make their data available to law enforcement authorities, according to Bloomberg.
Red Hat announced financial results for the first quarter of fiscal year 2018 ended May 31, 2017. Total revenue for the quarter was $677 million, up 19% in USD year-over-year, or 20% measured in constant currency.
Toshiba picked a group led by Bain Capital and Japanese investors as the preferred bidders for its memory chip business, bringing much needed cash into the Japanese company to make up for losses in its nuclear operations, according to Bloomberg.
Uber CEO Travis Kalanick has resigned after a series of controversies that rocked the world’s largest technology startup and exposed deep problems with its male-dominated culture, according to Bloomberg.
One of the biggest news networks in the world CNN will invest $40 million over the next two years in Great Big Story, transforming the in-house social video startup into a 24-hour streaming channel, according to Bloomberg.
Google says it is creating new policies and practices to suppress terrorism-related videos, a response to U.K. lawmakers who have said the internet is a petri dish for radical ideology, according to Bloomberg.
American president Donald Trump promised “sweeping transformation” in the federal government’s use of technology as he welcomed top executives from many of the world’s largest tech companies to the White House, according to Bloomberg.
Proxy adviser Glass Lewis blasted Toshiba’s board for poor governance amid repeated scandals and recommended investors vote against all directors at the company’s shareholders meeting later this month, according to Bloomberg.
Amazon will acquire Whole Foods for $13.7 billion, a bombshell of a deal that catapults the e-commerce giant into hundreds of physical stores and fulfills a long-held goal of selling more groceries, according to Bloomberg.
Vivendi is considering making a bid for Ubisoft by the end of this year as the French media giant presses for a deal despite resistance from the game maker’s founding family, according to Bloomberg, citing people familiar with the plans.
Multinationals are in line for a windfall from President Donald Trump’s call to cut the tax rate on U.S. companies’ stockpiled overseas earnings, but a select few would do better than others, according to Bloomberg.
The Pirate Bay, one of the last surviving file-sharing websites, is in peril after judges at the European Union’s top court warned that giving users free access to a trove of Hollywood movies, TV shows and music risks breaking the law, according to Bloomberg.
Corporate chatroom startup Slack has received recent inquiries about a potential takeover from technology companies including Amazon, a deal that would be the biggest ever for the internet-commerce giant, according to Bloomberg.
A group led by Bain Capital and Japanese investors has offered about 2.1 trillion yen ($19 billion) for Toshiba’s semiconductor division, emerging as a leading bidder in the hotly contested auction, according to Bloomberg, citing people familiar with the matter.
The New York Times is using Alphabet's technology to let online readers comment on more stories, betting that machine-learning software will make it easier to encourage civil debate while avoiding insults, abuse and trolling, according to Bloomberg.
Google should be let off the hook from a 1.12 billion-euro tax recovery order in France even though fiscal authorities in the country are seeking to recoup that amount, according to Bloomberg, citing an adviser at the Paris administrative court.
The trial of Jay Y. Lee, heir to the Samsung Group empire, has featured thousands of pages of documents and hundreds of hours of testimony from dozens of witnesses. But, according to Bloomberg, experts say one thing is missing: a smoking gun.
Enhancements in the way airports outside the U.S. conduct screening may be enough to head off a ban on large electronic devices slated to cover broad areas of Europe and other regions, an official said, according to Bloomberg.
U.K. Prime Minister Theresa May and French President Emmanuel Macron plan to lead a joint crackdown on technology companies that fail to remove terrorism-related content, including fines, according to Bloomberg.