Business

Apple Says All Macs, iPhones and iPads Exposed to Chip Flaw

Apple Says All Macs, iPhones and iPads Exposed to Chip Flaw

6 Jan 2018 comment

Apple said all Mac computers and iOS devices are affected by chip security flaws unearthed this week, but the company stressed there are no known exploits impacting users, according to Bloomberg.

Uber Co-Founder Kalanick Said to Plan Sale of 29% of Stake

Uber Co-Founder Kalanick Said to Plan Sale of 29% of Stake

6 Jan 2018 comment

Former Uber CEO Travis Kalanick, who has long boasted that he’s never sold any shares in the company, plans to sell about 29 percent of his stake, according to Bloomberg, citing people with knowledge of the matter.

Toshiba Will Sell Westinghouse to Brookfield

Toshiba Will Sell Westinghouse to Brookfield

6 Jan 2018 comment

Little more than a year after flagging multi-billion dollar writedowns that threatened its very survival, Toshiba has gained some closure with the sale of its former nuclear unit Westinghouse, according to Bloomberg.

Zuckerberg Says Fixing Facebook Is His Personal Goal for 2018

Zuckerberg Says Fixing Facebook Is His Personal Goal for 2018

5 Jan 2018 comment

Mark Zuckerberg, who each year outlines a personal goal for the coming 12 months, said this year’s objective is fixing Facebook, according to Bloomberg.

Software AG and Vodafone Will Present Interconnected World at CEBIT 2018

Software AG and Vodafone Will Present Interconnected World at CEBIT 2018

5 Jan 2018 comment

About two years from now there could be as many as 50 billion things connected to the Internet. This will open up new value creation opportunities for companies from all industries.

BlackBerry and Baidu Partner to Work on Driverless Car Software

BlackBerry and Baidu Partner to Work on Driverless Car Software

5 Jan 2018 comment

BlackBerry’s efforts to push into self-driving cars took a new step forward as the former smartphone maker signed a deal with Chinese internet giant Baidu to work together on automotive software, according to Bloomberg.

Criminal Underworld Is Dropping Bitcoin for Another Currency

Criminal Underworld Is Dropping Bitcoin for Another Currency

4 Jan 2018 comment

Bitcoin is losing its luster with some of its earliest and most avid fans, criminals, giving rise to a new breed of virtual currency, according to Bloomberg.

Google Shielded 16 Billion Euros From Tax

Google Shielded 16 Billion Euros From Tax

4 Jan 2018 comment

Google moved 15.9 billion euros to a Bermuda shell company in 2016, regulatory filings in the Netherlands show, saving the company billions of dollars in taxes that year, according to Bloomberg.

Intel Says Range of Chips Vulnerable to Hack

Intel Says Range of Chips Vulnerable to Hack

4 Jan 2018 comment

Intel confirmed a report saying that its chips contain a feature that makes them vulnerable to hacking, though it said other companies’ semiconductors are also susceptible, according to Bloomberg.

Huawei and Baidu Sign Strategic Agreement for Mobile AI

Huawei and Baidu Sign Strategic Agreement for Mobile AI

3 Jan 2018 comment

Huawei and Baidu have announced a comprehensive strategic cooperation agreement that spans from artificial intelligence (AI) platforms and technology, to internet services and content ecosystems.

North Korean Hackers Hijack Computers to Mine Cryptocurrencies

North Korean Hackers Hijack Computers to Mine Cryptocurrencies

3 Jan 2018 comment

North Korean hackers are hijacking computers to mine cryptocurrencies as the regime in Pyongyang widens its hunt for cash under tougher international sanctions, according to Bloomberg.

AMD Limps Into 2018 as Chipmaker Goes From First Place to Last

AMD Limps Into 2018 as Chipmaker Goes From First Place to Last

3 Jan 2018 comment

Advanced Micro Devices finished 2017 dead last in the Philadelphia Semiconductor Index after quadrupling in 2016, according to Bloomberg.

Bitcoin Starts New Year by Declining, First Time Since 2015

Bitcoin Starts New Year by Declining, First Time Since 2015

2 Jan 2018 comment

For the first time since 2015, bitcoin began a new year by declining, extending its slide from a record 15 days ago, according to Bloomberg.

Apple CEO Gets 74% Bonus Boost After Earnings Rebound

Apple CEO Gets 74% Bonus Boost After Earnings Rebound

2 Jan 2018 comment

Apple CEO Tim Cook received a 74 percent increase in his annual bonus for fiscal 2017 as the iPhone maker posted higher revenue and net income, after a rare decline a year earlier, according to Bloomberg.

Toughest Job for Deutsche Telekom Is at Money-Burning Tech Fossil

Toughest Job for Deutsche Telekom Is at Money-Burning Tech Fossil

1 Jan 2018 comment

The effort to strike a deal for T-Mobile US has drawn attention away from another Deutsche Telekom unit that needs fixing more urgently: its money-draining computer-services business, according to Bloomberg.

Huawei Sees Slowest Growth in Years as It Takes on Apple

Huawei Sees Slowest Growth in Years as It Takes on Apple

31 Dec 2017 comment

Huawei warned of its slowest revenue growth since 2013, despite making headway against Apple in global smartphones, according to Bloomberg.

Japanese Economy Could Get a Boost in 2018 From Bitcoin Surge

Japanese Economy Could Get a Boost in 2018 From Bitcoin Surge

31 Dec 2017 comment

Bitcoin’s about to boost the world’s fourth-largest economy, according to Bloomberg, citing an analysts at Nomura.

Apple Apologizes for iPhone Speed Cuts to Prevent Crashing

Apple Apologizes for iPhone Speed Cuts to Prevent Crashing

30 Dec 2017 comment

Apple apologized to customers for software changes that reduced the performance of older iPhones to prevent unexpected shutdowns, while saying the company hadn’t intentionally set out to shorten the life of the products, according to Bloomberg.

Trump Tears Into Amazon, Urging Much More in Postal Fees

Trump Tears Into Amazon, Urging Much More in Postal Fees

30 Dec 2017 comment

American president Donald Trump said the U.S. Postal Service should charge Amazon more to deliver packages, the latest in a series of public criticisms of the online retailer and its billionaire founder, according to Bloomberg.

Prosecutors Push for Samsung Heir to Get 12-Year Sentence

Prosecutors Push for Samsung Heir to Get 12-Year Sentence

29 Dec 2017 comment

Prosecutors asked a South Korean court to extend the prison term for Samsung Electronics heir-apparent Jay Y. Lee to 12 years, in an appeal of his five-year sentence for allegedly bribing his way to greater control of the country’s biggest company, according to Bloomberg.

Uber Investors Are Said to Agree to Sell in SoftBank Deal

Uber Investors Are Said to Agree to Sell in SoftBank Deal

29 Dec 2017 comment

Uber shareholders are said to have agreed to sell a sizable stake in the ride-hailing leader to an investor group led by SoftBank, allowing the Japanese conglomerate to amass a piece of the company at a steep discount to the last valuation, according to Bloomberg.

Bitcoin Dips Below $14,000 as South Korea Eyes Fresh Regulations

Bitcoin Dips Below $14,000 as South Korea Eyes Fresh Regulations

29 Dec 2017 comment

Bitcoin resumed its slide Thursday, dipping below $14,000 as the cryptocurrency’s dizzying drop from a record set 10 days ago intensified, according to Bloomberg.

Google Extends Commitments Stemming From U.S. Antitrust Case

Google Extends Commitments Stemming From U.S. Antitrust Case

28 Dec 2017 comment

Google said it will extend commitments made five years ago to U.S. antitrust officials related to how developers use its advertising platform and the scraping of third-party content in search results, according to Bloomberg.

Analysts Cut iPhone X Shipment Forecasts, Citing Lukewarm Demand

Analysts Cut iPhone X Shipment Forecasts, Citing Lukewarm Demand

28 Dec 2017 comment

Analysts have lowered iPhone X shipment projections for the first quarter of next year, citing signs of lackluster demand at the end of the holiday shopping season, according to Bloomberg.

Bitcoin Slumps After Biggest Rally in Two Weeks

Bitcoin Slumps After Biggest Rally in Two Weeks

28 Dec 2017 comment

Bitcoin fell below $15,000 after the cryptocurrency’s biggest rally in two weeks ended a rout that wiped more than $9,000 off the price, according to Bloomberg.

EU Decision Concerning Uber Shows Trans-Atlantic Split Over Technology

EU Decision Concerning Uber Shows Trans-Atlantic Split Over Technology

27 Dec 2017 comment

A European Union decision to treat Uber like a taxi company spotlights a trans-Atlantic divide over how governments cope with disruptive technologies and could embolden U.S. cities to restrict the ride-sharing service, according to Bloomberg.

iPhone Slowdowns Spur Customers to Hurry to Court

iPhone Slowdowns Spur Customers to Hurry to Court

26 Dec 2017 comment

iPhone users have begun racing to courthouses, infuriated by an Apple software update that slowed down the operation of their smartphones, according to Bloomberg. At least two groups of customers sued Apple over the deterioration of their phones’ performance.

Facebook Introduces New Facial Recognition and Privacy Features

Facebook Introduces New Facial Recognition and Privacy Features

26 Dec 2017 comment

Facebook is introducing new facial recognition features that will automatically notify users when their photo is posted on the social network, the company said in a blog post, according to Bloomberg.

BlackBerry Jumps as CEO Forecasts High End of Revenue Range

BlackBerry Jumps as CEO Forecasts High End of Revenue Range

25 Dec 2017 comment

BlackBerry jumped after reporting record software revenue and saying sales for the full year would come in at the high end of its forecast, according to Bloomberg.

Apple Is Said to Have Plan to Combine iPhone, iPad and Mac Apps

Apple Is Said to Have Plan to Combine iPhone, iPad and Mac Apps

24 Dec 2017 comment

Apple’s iPhone and iPad introduced a novel way of interacting with computers: via easy-to-use applications, accessible in the App Store. But the same approach hasn’t worked nearly as well on Apple’s desktops and laptops.