Business

Airbnb in big problems in Big Apple

Airbnb in big problems in Big Apple

26 Oct 2016 comment

Airbnb Inc. said it faces “staggering penalties” after New York City indicated over the weekend that it would begin enforcing the state’s new anti-sublet listing law, according to Bloomberg.

Google Acquires Eye-Tracking Company Eyefluence

Google Acquires Eye-Tracking Company Eyefluence

25 Oct 2016 comment

Google just picked up a key piece of technology that might move its virtual reality ambitions closer to the masses, according to Bloomberg. Eyefluence, which is working to enable eye movements to control digital screens, wrote in a blog post on Monday that it’s joining the search giant Alphabet. The three-year-old startup, which had reportedly raised $21.6 million in funding, didn’t disclose a price.

Microsoft Hikes U.K. Prices of Enterprise Products

Microsoft Hikes U.K. Prices of Enterprise Products

24 Oct 2016 comment

Microsoft will increase the price of its enterprise software and cloud offerings in the U.K. by as much as 22 percent to adjust to the falling pound in the aftermath of Britain’s vote to leave the European Union, according to Bloomberg.

Politicians Flag AT&T-Time Warner Antitrust Concerns

Politicians Flag AT&T-Time Warner Antitrust Concerns

24 Oct 2016 comment

AT&T’s planned takeover of Time Warner mirrors Comcast’s successful acquisition of NBC Universal, but the new pairing may face a rockier path through Washington as Democratic and Republican presidential contenders, along with key lawmakers, express skepticism, according to Bloomberg.

AT&T Plans Media-Telecom Mix With $85.4 Billion Time Warner Deal

AT&T Plans Media-Telecom Mix With $85.4 Billion Time Warner Deal

24 Oct 2016 comment

AT&T Inc.’s agreement to buy Time Warner Inc. for $85.4 billion would form a media and telecommunications empire that owns many of the movies and TV shows it pumps through to subscribers, provided that regulators sign off on a deal at a time that they and lawmakers have grown skeptical of media consolidation, according to Bloomberg.

AT&T is Close to Agreement to Buy Time Warner

AT&T is Close to Agreement to Buy Time Warner

23 Oct 2016 comment

According to Bloomberg, AT&T is close to an agreement to acquire Time Warner for about $86 billion, people with knowledge of the matter said. If it happens, that deal would create a media behemoth that offers TV, wireless, and the content that goes with it.

Bezos Says Trump Is ‘Eroding Democracy’

Bezos Says Trump Is ‘Eroding Democracy’

23 Oct 2016 comment

Amazon Chief Executive Officer Jeff Bezos said Republican presidential nominee Donald Trump is "eroding our democracy around the edges" by threatening retribution against those critical of him and hinting that he wouldn’t gracefully accept a loss on election day, according to Bloomberg.

Russian Suspect Charged Over 2012 Hacks of LinkedIn and Dropbox

Russian Suspect Charged Over 2012 Hacks of LinkedIn and Dropbox

22 Oct 2016 comment

A Russian man arrested in the Czech Republic was indicted in California over cyberattacks on  LinkedIn and Dropbox in a case that has already raised tensions between the U.S. and Russia over his extradition, according to Bloomberg.

Nintendo Shares Drop After Showing ‘Switch’

Nintendo Shares Drop After Showing ‘Switch’

22 Oct 2016 comment

Nintendo shares dropped on Friday after the company’s new gaming platform Switch failed to impress investors, according to Bloomberg. Shares in Tokyo fell as much as 5.2 percent, erasing the previous day’s rally that was triggered by news that the promotional video would be released.

Microsoft Sales and Profit Top Estimates

Microsoft Sales and Profit Top Estimates

22 Oct 2016 comment

Microsoft’s first-quarter sales and earnings topped analysts’ estimates, buoyed by growing demand for cloud-based software and services, according to Bloomberg. Profit excluding certain items was 76 cents a share on adjusted sales of $22.3 billion, company said in a statement.

SAP Raises Sales and Profit

SAP Raises Sales and Profit

21 Oct 2016 comment

SAP reported sales that topped estimates and raised its outlook for the year, as more customers signed up for its flagship S/4 Hana business software, according to Bloomberg.

IBM Global Business Services Ranked #1 in Thought Leadership

IBM Global Business Services Ranked #1 in Thought Leadership

21 Oct 2016 comment

For the fifth time, IBM's consulting organization was named the industry's top producer of thought leadership in a White Space Report by Source Global Research, a leading research and strategy firm for the global management consulting industry. According to the most recent White Space report evaluating the quality and impact of 25 major global consulting firms in the world, IBM remains the leader for the consistent high quality of its thought leadership. The White Space rankings are based on four evaluation criteria - Resilience, Differentiation, Appeal, and Prompting Action. This is the fifth time IBM has led the ranking.

Interdrone 2016 – the Largest Conference on Unmanned Aircraft

Interdrone 2016 – the Largest Conference on Unmanned Aircraft

21 Oct 2016 comment

The world's largest commercial conference on drones, Interdrone 2016 was held at Paris in Las Vegas, September 7 to 9 this year. The second edition of this conference attracted 155 exhibitors and over 3,500 visitors from 54 countries to get to know the last achievements in the field of unmanned systems, sensors and associated equipment.

Intel Gets Boost in EU Battle Over Antitrust Fine

Intel Gets Boost in EU Battle Over Antitrust Fine

20 Oct 2016 comment

Intel’s fight to overturn a record 1.06 billion-euro ($1.16 billion) European Union antitrust fine received a boost from an adviser to the bloc’s top court in a case that could have ramifications for a growing list of disputes involving U.S. tech giants, according to Bloomberg.

Samsung Faces First Consumer Suit Over Note 7

Samsung Faces First Consumer Suit Over Note 7

20 Oct 2016 comment

Samsung’s woes over the Galaxy Note 7 smartphone have moved into the courtroom, according to Bloomberg. Three people who bought the phones sued the electronics maker’s U.S. unit.

Intel reports record quarterly revenue of $15.8 billion with operating profit of $4.5 billion

Intel reports record quarterly revenue of $15.8 billion with operating profit of $4.5 billion

19 Oct 2016 comment

Intel Corporation today reported third-quarter GAAP revenue of $15.8 billion, operating income of $4.5 billion, net income of $3.4 billion and EPS of 69 cents. Intel reported non-GAAP operating income of $5.1 billion, net income of $3.9 billion and EPS of 80 cents. The company generated approximately $5.8 billion in cash from operations, paid dividends of $1.2 billion, and used $457 million to repurchase 13 million shares of stock.

Yahoo reports 15 percent revenue decline in third quarter 2016

Yahoo reports 15 percent revenue decline in third quarter 2016

19 Oct 2016 comment

Yahoo! Inc. is in process of being bought by Verizon, however, it has been very stressful and shakey for Yahoo in recent time. With discovery of huge hack in which data of 500 milion users  has been stolen, plus on top of it, Yahoo spied its users with surveilance tools which were supposed to protect them, the deal with Verzion is under big question, and Yahoo's results could decide whether the deal will go on or fall off.

EBay Tests ShopBot on Facebook Messenger

EBay Tests ShopBot on Facebook Messenger

19 Oct 2016 comment

EBay is testing a personalized shopping assistant called ShopBot on Facebook’s Messenger application, hoping win more of the social network operators’ 1 billion users as customers by making it easier to find items to buy, according to Bloomberg.

Disney Dropped Twitter Pursuit Partly Over Image

Disney Dropped Twitter Pursuit Partly Over Image

19 Oct 2016 comment

Walt Disney decided not to pursue a bid for Twitter partly out of concern that bullying and other uncivil forms of communication on the social media site might soil the company’s wholesome family image, according to people familiar with management’s thinking, according to Bloomberg.

Netflix Users Number Rises, Stocks Up by 20%

Netflix Users Number Rises, Stocks Up by 20%

18 Oct 2016 comment

Netflix surged more than 20 percent after reporting its streaming service signed up 3.57 million subscribers in the third quarter, vanquishing, for now, investor concerns about slowing growth at the world’s largest online TV network, according to Bloomberg.

AMC Strengthens Distribution in Croatia and Bulgaria

AMC Strengthens Distribution in Croatia and Bulgaria

18 Oct 2016 comment

AMC Networks International - Central Europe, broadcaster of AMC in Central Europe, and Telekom Austria Group, a leading communications provider in the region, have announced an affiliate deal that secures carriage for AMC across all Telekom Austria Group pay TV subscribers in Croatia and Bulgaria.

IBM reports 2016 third-quarter earnings

IBM reports 2016 third-quarter earnings

18 Oct 2016 comment

IBM announced third-quarter 2016 earnings results, which highlighted diluted EPS - GAAP of $2.98 and operating (non-GAAP) of $3.29, revenue from continuing operations of $19.2 billion, strategic imperatives revenue of $31.8 billion over the last 12 months which represents 40 percent of IBM revenue and cloud revenue of $12.7 billion over the last 12 months.

New Cycle of ZIP's Workshops

New Cycle of ZIP's Workshops "Coding for Women"

18 Oct 2016 comment

Following the successful workshops in April and May of this year, Zagreb Entrepreneurship Incubator again organizes free workshops of programming designed exclusively for women.

Apple Plans to Adopt OLED Display Technology for Next iPhone

Apple Plans to Adopt OLED Display Technology for Next iPhone

18 Oct 2016 comment

Apple plans to adopt organic LED display technology for the next major upgrade to its flagship product, according to Bloomberg. To do so, they will have to get its hands on millions of OLED screens. As a result, Japanese suppliers are under pressure to build up manufacturing operations.

25 Accredited StarAudit Professionals in Croatia

25 Accredited StarAudit Professionals in Croatia

17 Oct 2016 comment

On StarAudit world map between Taiwan, Hong Kong, China and European countries of Germany, Austria, Switzerland and others, this year appeared a new star - Croatia. EuroCloud Croatia organisation in the first year of operations has carried out and successfully completed a number of activities.

Western Digital Ships More Than 10 Million Helium-Filled HDDs

Western Digital Ships More Than 10 Million Helium-Filled HDDs

17 Oct 2016 comment

Western Digital Corporation announced that it has shipped more than 10 million helium-filled hard disk drives (HDDs) since the company first introduced the HelioSeal platform four years ago. First shipped in 2013, Western Digital’s HelioSeal platform has consistently pushed the envelope in terms of capacity and total cost of ownership (TCO) benefits, becoming the highest density HDDs, best suited for massive scale-out workloads.

Salesforce Won’t Bid for Twitter

Salesforce Won’t Bid for Twitter

17 Oct 2016 comment

Salesforce will not bid for Twitter because the business software company and the social media business would be a poor fit, according to Bloomberg.

The Cheapest Cities in U.S. for Tech Startup

The Cheapest Cities in U.S. for Tech Startup

16 Oct 2016 comment

It's no secret that the San Francisco Bay area has gotten too expensive for tech workers, but costs have also been skyrocketing for their companies, making other U.S. locales more appealing for industry offices and headquarters, according to Bloomberg.

Snapchat Picks Morgan Stanley and Goldman Sachs to Lead IPO

Snapchat Picks Morgan Stanley and Goldman Sachs to Lead IPO

15 Oct 2016 comment

According to Bloomberg Snapchat has chosen bankers for its initial public offering, which could happen as soon as March, claim people familiar with the matter.

AMD Reaches Deal With Alibaba to Use Chips in Cloud Service

AMD Reaches Deal With Alibaba to Use Chips in Cloud Service

15 Oct 2016 comment

Advanced Micro Devices Inc., struggling to re-establish its data center chip business, said Alibaba Group Holding Ltd. plans to provide cloud-computing services based on its graphics semiconductors, according to Bloomberg.