Business

Brexit Pushes VC to Look Outside U.K. for New Tech Investments

Brexit Pushes VC to Look Outside U.K. for New Tech Investments

10 Apr 2017 comment

83North, a venture capital firm with offices in London and Tel Aviv, has closed a new $250 million fund that will target early stage technology companies in Europe and Israel, according to Bloomberg.

Ex-Google Self-Driving Car Engineer Made More Than $120 Million

Ex-Google Self-Driving Car Engineer Made More Than $120 Million

9 Apr 2017 comment

A former Google engineer at the center of a fight over self-driving car technology made more than $120 million, according to a legal filing, highlighting the intense competition among tech companies and carmakers for talent in the nascent sector, according to Bloomberg.

Stores Are Closing at a Record Pace as Amazon Chews Up Retailers

Stores Are Closing at a Record Pace as Amazon Chews Up Retailers

9 Apr 2017 comment

The battered American retail industry took a few more lumps this week, with stores at both ends of the price spectrum preparing to close their doors, according to Bloomberg.

Twitter Drops Suit After U.S. Gives Up on Unmasking Trump Critic

Twitter Drops Suit After U.S. Gives Up on Unmasking Trump Critic

9 Apr 2017 comment

Twitter is dropping its free-speech lawsuit against the Trump administration over the government’s effort to unmask users critical of the president’s policies, according to Bloomberg.

Facebook Starts to Educate Users on How to Spot Fake News

Facebook Starts to Educate Users on How to Spot Fake News

8 Apr 2017 comment

Facebook spent the months since the U.S. election grappling with its role in the spread of false information. Now, according to Bloomberg, the world's largest social-networking platform is making good on its promise to educate users about fake news.

Samsung Withstands Scandals to Report Higher Profit and Revenue

Samsung Withstands Scandals to Report Higher Profit and Revenue

8 Apr 2017 comment

Samsung posted its best operating profit in almost four years on robust sales of memory chips and displays, showing that the core businesses remain stable even as its mobile unit recovers from a costly recall and the trial of the group’s de facto chief, according to Bloomberg.

Toshiba Said to Narrow Group of Bidders for Chips Business

Toshiba Said to Narrow Group of Bidders for Chips Business

8 Apr 2017 comment

Toshiba has narrowed the number of bidders for its semiconductor business from about 10 interested parties to a smaller group that includes Taiwan’s Hon Hai and Korea’s SK Hynix, according to Bloomberg citing people familiar with the matter.

Google Brings Fake News Fact-Checking to Search Results

Google Brings Fake News Fact-Checking to Search Results

8 Apr 2017 comment

The world's largest search engine Google is rolling out a new feature that places "Fact Check" tags on snippets of articles in its News results, according to Bloomberg. The Alphabet unit had already run limited tests. On Friday, it extended the capability to every listing in its News pages and massive search catalog.

Prosecutors Cite 39 Notebooks of Evidence in Samsung Graft Trial

Prosecutors Cite 39 Notebooks of Evidence in Samsung Graft Trial

7 Apr 2017 comment

South Korean prosecutors laid out their case against Samsung Electronics Vice Chairman Jay Y. Lee by outlining how a top presidential aide documented instances of alleged bribery in the pages of 39 handwritten notebooks, according to Bloomberg.

Gartner Completes Acquisition of CEB

Gartner Completes Acquisition of CEB

7 Apr 2017 comment

Gartner announced that it has completed its acquisition of CEB, the industry leader in providing best practice and talent management insights, for $54.00 in cash and 0.2284 shares of Gartner common stock, representing a total transaction value of approximately $2.6 billion.

Levandowski Fights Full Disclosure Over Waymo Secrets

Levandowski Fights Full Disclosure Over Waymo Secrets

7 Apr 2017 comment

Uber’s robocar project director wants his company to be spared from having to turn over certain documents in Waymo’s trade-secrets theft suit, saying he’s vulnerable to criminal prosecution, according to Bloomberg.

Peloton Raises Funding for Automated Truck Convoy Technology

Peloton Raises Funding for Automated Truck Convoy Technology

7 Apr 2017 comment

Peloton Technology, a startup backed by Intel, is raising more cash to fund its bid to improve highway safety and generate huge savings for the $700 billion trucking industry, according to Bloomberg.

Accused Yahoo Hacker Had Lamborghini and Aston Martin at 22

Accused Yahoo Hacker Had Lamborghini and Aston Martin at 22

6 Apr 2017 comment

A Canadian accused of hacking Yahoo email accounts on behalf of the Russian government appeared in court seeking bail ahead of a hearing to determine whether he should be extradited to the U.S. for trial, according to Bloomberg.

U.K. Increases Pressure on Google to Remove Terrorist Content

U.K. Increases Pressure on Google to Remove Terrorist Content

6 Apr 2017 comment

The U.K. increased the pressure on Google to crack down on terrorist content, with Prime Minister Theresa May saying the YouTube owner should do more to remove inappropriate material from the internet, according to Bloomberg.

New Verizon Unit Oath Will Debut When Yahoo Is Merged With AOL

New Verizon Unit Oath Will Debut When Yahoo Is Merged With AOL

6 Apr 2017 comment

Verizon will introduce a new division called Oath this summer, around the time the telecommunications giant expects to close its deal to combine its AOL unit with Yahoo’s internet assets, according to Bloomberg.

Rakuten Bets on Post-App Future With New Gaming Service

Rakuten Bets on Post-App Future With New Gaming Service

6 Apr 2017 comment

Japanese company Rakuten is betting on a future without apps, according to Bloomberg. They have unveiled Rakuten Games service, seeking to deliver titles that don’t have to be installed on phones or personal computers.

Trump Officials Alarmed China May Bid for Westinghouse Unit

Trump Officials Alarmed China May Bid for Westinghouse Unit

5 Apr 2017 comment

The Trump administration is so alarmed that Chinese investors may try to purchase Westinghouse’s nuclear business that U.S. officials are trying to find an American or allied buyer for the company instead, according to Bloomberg citing people familiar with the matter.

Merkel Cabinet Backs Facebook Fines to Stem Fake News in Germany

Merkel Cabinet Backs Facebook Fines to Stem Fake News in Germany

5 Apr 2017 comment

Germany pushed ahead with legislation that threatens social networks such as Facebook Inc. with fines of as much as 50 million euros if they fail to give users the option to complain about hate speech and fake news or refuse to remove illegal content, according to Bloomberg.

Google Changes Ad Policy Again to Try to End YouTube Crisis

Google Changes Ad Policy Again to Try to End YouTube Crisis

5 Apr 2017 comment

Two weeks after companies began yanking ads from YouTube because they were popping up next to hateful videos, Google is trying yet again to halt the crisis, according to Bloomberg. Alphabet's main division is introducing a new system that lets outside firms verify ad quality standards on its video service, while expanding its definitions of offensive content.

Apple Supplier Learns Downside of Having a Very Big Client

Apple Supplier Learns Downside of Having a Very Big Client

5 Apr 2017 comment

Inside every iPhone and iPad are dozens of small components made by suppliers whose businesses are tied to Apple. As Imagination Technologies Group has now learned, it’s lucrative to be a favorite Apple supplier, until you’re not, according to Bloomberg.

Mercedes and Bosch Join to Accelerate Rollout of Robo-Taxis

Mercedes and Bosch Join to Accelerate Rollout of Robo-Taxis

4 Apr 2017 comment

Mercedes and Bosch are teaming up to bring driverless taxis to city streets by early in the next decade in an intensifying global race to be first to offer the technology commercially, according to Bloomberg.

Trump Cracks Down on Visa Program That Feeds Silicon Valley

Trump Cracks Down on Visa Program That Feeds Silicon Valley

4 Apr 2017 comment

The U.S. administration began to deliver on President Donald Trump’s campaign promise to crack down on a work visa program that channels thousands of skilled overseas workers to companies across the technology industry, according to Bloomberg.

Huge Growth for OTT Messaging – More than 4.2 Billion Users by 2021

Huge Growth for OTT Messaging – More than 4.2 Billion Users by 2021

4 Apr 2017 comment

New findings from Juniper Research forecast that OTT messaging applications, such as WhatsApp and Snapchat, will see adoption grow from 2.3 billion unique users in 2016 to 4.2 billion by 2021 representing a growth of over 12% CAGR.

Huawei Marks Solid Growth in 2016

Huawei Marks Solid Growth in 2016

3 Apr 2017 comment

Huawei released its audited financial results for 2016, reporting that its Carrier, Enterprise, and Consumer business groups (BGs) each achieved solid year-on-year growth. Group annual revenue was CNY521.6 billion (US$75.1 billion), an increase of 32% over 2015. Net profits were CNY37.1 billion (US$5.3 billion), an increase of 0.4%.

CE China is expanding

CE China is expanding

3 Apr 2017 comment

For the first time CE China is launching a keynote program. Christof Jaeger, Senior Vice President for Marketing, BSH Region Greater China, confirmed opening keynote speaker for CE China on 4 May, 2017.

Chinese Bike-Share Service Vows to Stop Child Riders

Chinese Bike-Share Service Vows to Stop Child Riders

3 Apr 2017 comment

China’s bike-sharing companies face a new challenge following the accidental death of an 11-year-old boy in Shanghai: how to get under-aged kids off their brightly colored bicycles, according to Bloomberg.

Ford Hires 400 BlackBerry Employees for Connected Cars Work

Ford Hires 400 BlackBerry Employees for Connected Cars Work

3 Apr 2017 comment

Ford agreed to hire 400 employees from BlackBerry to help develop wireless technology at the automaker, deepening an ongoing partnership between the two companies involving in-car connectivity, according to Bloomberg.

Bezos Rises to Become World's Second Richest With Amazon Surge

Bezos Rises to Become World's Second Richest With Amazon Surge

2 Apr 2017 comment

Jeff Bezos has leapt past Amancio Ortega and Warren Buffett to become the world’s second-richest person, according to Bloomberg.

BlackBerry Posts Profit and Expects More to Come

BlackBerry Posts Profit and Expects More to Come

2 Apr 2017 comment

After three years of acquisitions, layoffs and trying to convince customers it could do more than build smartphones, the BlackBerry’s software revenue and profit margins are growing in the way CEO John Chen wants them to, according to Bloomberg.

Latest Hollywood Blockbusters Will Come Faster to TV

Latest Hollywood Blockbusters Will Come Faster to TV

2 Apr 2017 comment

The span between a movie’s theatrical debut and home-video release is likely to get shorter as soon as this year, according to Bloomberg. Theater chains have long resisted the idea of letting studios release movies direct to consumers any sooner than 90 days after the films arrive in the cinemaplex, but reality is starting to set in.