Business

Microsoft Bulls Abound as Shares Rise to Record Before Earnings

Microsoft Bulls Abound as Shares Rise to Record Before Earnings

18 Jul 2018 comment

Microsoft was trading at a record high yesterday as it prepared to release its latest quarterly results and Wall Street kept sounding a bullish call, according to Bloomberg.

Netflix Earnings Plunge Tests Tech Bulls' Nerves

Netflix Earnings Plunge Tests Tech Bulls' Nerves

18 Jul 2018 comment

Netflix plunged after reporting disappointing subscriber growth Monday, pushing an exchange-traded fund tracking the Nasdaq 100 index down 0.8 percent, according to Bloomberg.

Texas Instruments CEO Ousted for Code of Conduct Breach

Texas Instruments CEO Ousted for Code of Conduct Breach

18 Jul 2018 comment

Texas Instruments said CEO Brian Crutcher resigned after less than two months in the job, citing violations of the code of conduct, according to Bloomberg.

Amazon Recovers From Prime Day Stumble With Soaring Sales

Amazon Recovers From Prime Day Stumble With Soaring Sales

18 Jul 2018 comment

Amazon has found its footing after a difficult start to its annual Prime Day sales promotion, according to Bloomberg.

GE and Microsoft Enter Their Largest Partnership to Date

GE and Microsoft Enter Their Largest Partnership to Date

17 Jul 2018 comment

GE and Microsoft announced an expanded partnership, bringing together operational technology and information technology to eliminate hurdles industrial companies face in advancing digital transformation projects.

Cisco, Juniper Fall on Report Amazon May Sell Data Switches

Cisco, Juniper Fall on Report Amazon May Sell Data Switches

17 Jul 2018 comment

Shares of data networking companies including Cisco tumbled after a report that Amazon’s cloud unit may begin selling its own switching devices, according to Bloomberg.

Microsoft Urges Lawmakers to Regulate Face-Recognition Tech

Microsoft Urges Lawmakers to Regulate Face-Recognition Tech

16 Jul 2018 comment

Microsoft said it will more carefully consider contracts in facial recognition software and urged lawmakers to regulate the use of such artificial intelligence to prevent abuse, according to Bloomberg.

U.S. Lifts Ban on ZTE After $1.4 Billion Penalty

U.S. Lifts Ban on ZTE After $1.4 Billion Penalty

16 Jul 2018 comment

The U.S. Commerce Department has lifted the ban on American firms selling products to China’s ZTE, removing the final hurdle for the company to start rebuilding its business, according to Bloomberg.

VC Market Is on Pace for Strongest Year Since Dot-Com Era

VC Market Is on Pace for Strongest Year Since Dot-Com Era

16 Jul 2018 comment

Venture capitalists are spending cash at levels not seen since the dot-com era, and they’re raising money at a pace to match, according to Bloomberg.

Panasonic Says It's Open to Working With Tesla on China Factory

Panasonic Says It's Open to Working With Tesla on China Factory

15 Jul 2018 comment

Panasonic said it’s open to teaming up with Tesla Inc. on the U.S. carmaker’s plan to build a factory in Shanghai, according to Bloomberg.

U.K. to Require Electric Car Chargers for New Build Homes

U.K. to Require Electric Car Chargers for New Build Homes

15 Jul 2018 comment

New homes built in the U.K. will soon be required to have charge points for electric vehicles, according to Bloomberg, citing the government’s Road to Zero report.

Twitter CEO Jack Dorsey Lost 200,000 Followers in Fake-User Purge

Twitter CEO Jack Dorsey Lost 200,000 Followers in Fake-User Purge

15 Jul 2018 comment

Twitter’s top executive didn’t slide by unscathed in the social-media site’s crackdown on fake followers, according to Bloomberg.

Microsoft Debuts $399 Surface Go Tablet, Taking on Cheaper iPads

Microsoft Debuts $399 Surface Go Tablet, Taking on Cheaper iPads

15 Jul 2018 comment

Microsoft is going for the low-end of the personal computing market with a smaller, cheaper Surface Go tablet that takes on Apple Inc.’s cheapest iPads, according to Bloomberg.

SES and Intelsat Rise as U.S. FCC Advances Spectrum Sale Proposal

SES and Intelsat Rise as U.S. FCC Advances Spectrum Sale Proposal

14 Jul 2018 comment

U.S. regulators advanced a proposal that could let Intelsat and SES reap billions of dollars in fees from mobile providers using airwaves now devoted to TV broadcasters and cable companies, according to Bloomberg.

Chip Bulls See Second-Half Comeback After Shaky 2018 Start

Chip Bulls See Second-Half Comeback After Shaky 2018 Start

14 Jul 2018 comment

In a year that’s seen cold water thrown on some of the hottest trades, it may pay to stick with semiconductors, according to Bloomberg.

Apple Debuts Upgraded Pro Laptops Ahead of Fall Product Blitz

Apple Debuts Upgraded Pro Laptops Ahead of Fall Product Blitz

14 Jul 2018 comment

Apple released an upgraded MacBook Pro line Thursday that’s faster and has more features, according to Bloomberg.

Formula 1 Selects AWS as Official Cloud and Machine Learning Provider

Formula 1 Selects AWS as Official Cloud and Machine Learning Provider

13 Jul 2018 comment

Amazon Web Services announced that Formula One Group  is moving the vast majority of its infrastructure from on-premises data centers to AWS.

Google Play Store Rival Files Antitrust Complaint to EU

Google Play Store Rival Files Antitrust Complaint to EU

13 Jul 2018 comment

Aptoide, an alternative to Play Store, said it complained to EU antitrust regulators alleging Google unit has prevented its service from working on some users’ phones and tablets, according to Bloomberg.

U.K. Calls on EU to Keep on Sharing Cyber Security and Data

U.K. Calls on EU to Keep on Sharing Cyber Security and Data

13 Jul 2018 comment

Sharing cyber-security intelligence between Britain and the European Union is a key post-Brexit concern for the U.K., according to Bloomberg.

ZTE Soars After U.S. Signs Deal to Lift Tech-Purchase Ban

ZTE Soars After U.S. Signs Deal to Lift Tech-Purchase Ban

13 Jul 2018 comment

ZTE’s shares surged after it inked an agreement with the Trump administration to allow the company to resume doing business with American suppliers, according to Bloomberg.

Broadcom to Buy CA Technologies for $18.9 Billion in Cash

Broadcom to Buy CA Technologies for $18.9 Billion in Cash

12 Jul 2018 comment

Broadcom agreed to acquire CA Technologies for $18.9 billion in cash, branching out into corporate software to diversify its business, according to Bloomberg.

Ex-Apple Employee Stole Secrets for Chinese Firm, U.S. Says

Ex-Apple Employee Stole Secrets for Chinese Firm, U.S. Says

12 Jul 2018 comment

A former Apple engineer was arrested on charges of stealing driverless car secrets for a Chinese startup, according to Bloomberg.

YouTube TV Goes Dark for an Hour During World Cup Semifinals

YouTube TV Goes Dark for an Hour During World Cup Semifinals

12 Jul 2018 comment

YouTube TV, a live-streaming service, went dark during the World Cup semifinal match between England and Croatia, according to Bloomberg.

Facebook Faces U.K. Fine Over Cambridge Analytica Inquiry

Facebook Faces U.K. Fine Over Cambridge Analytica Inquiry

11 Jul 2018 comment

Facebook could be fined 500,000 pounds by the U.K.’s privacy regulator after the social-network giant failed to prevent key user data falling into the hands of Cambridge Analytica, according to Bloomberg.

World’s Largest Mobile Phone Factory Opened in India

World’s Largest Mobile Phone Factory Opened in India

11 Jul 2018 comment

Samsung opened the world’s largest mobile phone factory in India, in a win for Prime Minister Narendra Modi’s flagship program to lure investors, according to Bloomberg.

Alibaba in Talks With BT for Cloud Partnership in Europe Push

Alibaba in Talks With BT for Cloud Partnership in Europe Push

11 Jul 2018 comment

Alibaba is in talks with BT Group about a cloud services partnership as the Chinese internet giant challenges Amazon’s dominance in Europe, according to Bloomberg.

Uber Returns to Finland After Change to Transport Laws

Uber Returns to Finland After Change to Transport Laws

11 Jul 2018 comment

Uber said it will relaunch its ride-hailing services in Finland following a year-long suspension, after a new transportation law came into effect last week, according to Bloomberg.

Twitter Bottoms S&P 500 As Traders Fear Users Activity May Slow

Twitter Bottoms S&P 500 As Traders Fear Users Activity May Slow

10 Jul 2018 comment

Twitter plummeted on investor concern that the company’s escalating fight against fake accounts will slow user growth, according to Bloomberg.

Xiaomi's Ill-Timed Debut Sows Doubt About Its Internet Ambitions

Xiaomi's Ill-Timed Debut Sows Doubt About Its Internet Ambitions

10 Jul 2018 comment

Xiaomi’s market debut has failed to convince investors that it’s capable of shedding a reliance on cheap phones and becoming an internet giant, according to Bloomberg.

Drone Regulations in U.S. Withstand a Hobbyist's Legal Challenge

Drone Regulations in U.S. Withstand a Hobbyist's Legal Challenge

10 Jul 2018 comment

The U.S. government’s ability to police hobbyist drone use was upheld by an appellate court in a ruling that helps set the stage for a series of new restrictions and requirements aviation regulators hope to enact soon, according to Bloomberg.