American president Donald Trump took aim at information-technology outsourcing companies as he ordered a review of H-1B visa programs to favor more skilled and highly paid applicants, according to Bloomberg.
IBM’s revenue fell short of analysts’ projections, marking a 20th consecutive quarterly decline as growth in new businesses like cloud services and artificial intelligence failed to make up for slumping legacy hardware and software sales, according to Bloomberg.
New York City’s taxi and black car regulator plans to introduce a rule by July that would require Uber to add a tipping feature to its app, according to Bloomberg. Drivers have long complained that Uber has resisted such a move, even as other ride-hailing companies offer a way for customers to add gratuity.
Despite a lack of big consumer deals, and Berlin losing out to London as the European hub of venture capital, German investors have notched an up-tick in deals over the first quarter and are on the hunt for software startups, according to Bloomberg.
Chinese technology conglomerate LeEco abandoned its planned $2 billion acquisition of U.S television maker Vizio because of regulatory issues, and instead is exploring other ways to incorporate LeEco’s content into Vizio’s devices, according to Bloomberg.
The Russian tycoon who made $1.4 billion with an early bet on Facebook and still owns a stake in Uber is returning to the sooty old commodities industry that first made his fortune, according to Bloomberg.
U.S. efforts to disrupt Russian hacking rings took another step as a 10-year pursuit of a Russian man whom U.S. prosecutors called one of the world’s most notorious email spammers ended with his arrest in Spain, according to Bloomberg.
Amazon will hire more than 30,000 part-time workers over the next year to staff its growing network of warehouses around the country and handle customer service issues which would be, the company said, the evidence of continued expected demand for the e-commerce giant, according to Bloomberg.
Microsoft is adding a new marketplace and a brand new currency within the video-game Minecraft, opening up the opportunity for businesses to sell their original content and creations to tens of millions of the game’s players for the first time, according to Bloomberg.
Uber isn’t required to report its finances publicly, but the privately held company has decided to forgo that luxury for the first time, according to Bloomberg. Uber said its revenue growth is outpacing losses, hoping to show the business is on a strong trajectory as it attempts to address a recent cascade of scandals.
Apple may be coming to Toshiba’s rescue, according to Bloomberg. The iPhone maker is actively looking at options for helping the troubled Japanese company by investing in its semiconductor unit, which has been put up for sale, according to people familiar with the matter.
Weeks after scores of advertisers boycotted YouTube, Google is still trying to mitigate the damage. Meanwhile, long-struggling competitors in the digital ad market are seizing the moment, according to Bloomberg.
More variations of the Switch can be expected as Nintendo continues to refine its home and portable business strategy, according to Bloomberg citing Citigroup. They say the new console is doing well, but is too big to truly combine home and portable gaming for everyone.
The South Korean trial of Samsung heir Jay Y. Lee for alleged bribery took an unusual twist Thursday as prosecutors said the company tried to conceal its gift of a 1 billion won horse ($885,000) by exchanging it for another animal, according to Bloomberg.
Facebook published full-page ads in Germany’s biggest newspapers advising readers on how to detect fake news, after Angela Merkel’s government pressured the company to do more to combat such content on its network, according to Bloomberg.
Toshiba’s plans to sell its memory chip business to raise much-needed cash hit a snag as joint-venture partner Western Digital said the sale may violate the companies’ contract, according to Bloomberg.
BlackBerry stock rose the most in more than two years after it was awarded $814.9 million to end a dispute with Qualcomm over royalty payments, giving it cash needed to help recast itself as a software maker, according to Bloomberg.
Chinese Camel Group announced that the company has decided to invest a total of 30 million Euros in two companies founded by Mate Rimac. Those are Rimac Automobili, a company producing the electric car and the parts for it, such as batteries and entertainment software, and Greyp, manufacturer of electric bikes.
A group of Republican lawmakers is pushing the Trump administration to investigate and unmask a company that may have violated Iran sanctions laws in the same way as Chinese mobile-phone maker ZTE, according to Bloomberg.
Only a year ago Russia’s Finance Ministry was threatening jail time to anyone using digital currencies. In a major U-turn, it’s now edging closer to their acceptance as a legitimate financial instrument to open a new line of attack on money laundering, according to Bloomberg.
The overall wearables market is expected to return to strong growth after a brief slowdown in 2016 that resulted from delayed launches of major platforms and notable vendors struggling to maintain pace.
Chinese technology conglomerate LeEco is sharply scaling back its U.S. ambitions, according to Bloomberg. The company missed its projections for 2016 sales in the U.S. by a wide margin and is planning to cut more than a third of its U.S. workforce.
Toshiba and the Japanese government want to sell the company’s semiconductor business to a domestic buyer, but foreign bidders are proving more determined and aggressive as the auction heads toward a final decision in the coming weeks, according to Bloomberg.
Amazon won the rights to broadcast 10 National Football League Thursday night games live online this season as part of its video subscription service, the online retailer’s latest effort to boost the value of Prime membership, according to Bloomberg.