Business

AT&T Closes Time Warner Deal After U.S. Declines to Seek Stay

AT&T Closes Time Warner Deal After U.S. Declines to Seek Stay

16 Jun 2018 comment

AT&T closed its $85 billion takeover of Time Warner, the culmination of a 20-month battle for the right to enter the media business by acquiring the owner of HBO and Warner Bros., according to Bloomberg.

Facebook Tells Senate It Started a Privacy Design Lab Called TTC

Facebook Tells Senate It Started a Privacy Design Lab Called TTC

15 Jun 2018 comment

Facebook told the U.S. Senate the company has launched a design lab that will work to improve the way people get informed about sharing their personal data, according to Bloomberg.

Adyen Doubles in Debut in Year's Biggest European Tech IPO

Adyen Doubles in Debut in Year's Biggest European Tech IPO

15 Jun 2018 comment

Adyen, a Dutch payments processor whose clients include Netflix and Spotify, more than doubled in its trading debut in Amsterdam, according to Bloomberg.

Microsoft Presented New Partner Programs and Intelligent Devices

Microsoft Presented New Partner Programs and Intelligent Devices

15 Jun 2018 comment

Microsoft announced new programs and a new category of intelligent devices, designed to take advantage of a digitally connected world and drive new growth and opportunity for the industry.

U.S. Lawmakers Seek to Restore ZTE Penalties in Defense Bill

U.S. Lawmakers Seek to Restore ZTE Penalties in Defense Bill

14 Jun 2018 comment

The U.S. Senate advanced legislation to restore penalties on ZTE, after President Donald Trump drew sharp criticism for easing restrictions to get the Chinese company back in business, according to Bloomberg.

MEPs Backed New EU-wide Rules for Safe Use of Drones

MEPs Backed New EU-wide Rules for Safe Use of Drones

14 Jun 2018 comment

Members of the European Parliament approved an agreement reached between Council and Parliament negotiators in November 2017 on EU-wide principles for drones and drone operators.

AT&T Cleared to Buy Time Warner in Blow to Trump Administration

AT&T Cleared to Buy Time Warner in Blow to Trump Administration

14 Jun 2018 comment

AT&T was cleared by a judge to take over Time Warner in an $85 billion deal that will fuel the mobile-phone giant’s evolution into a media powerhouse and could spark a wave of new mergers, according to Bloomberg.

Facebook Faces Criticism of Ad Policy From Global Publishers

Facebook Faces Criticism of Ad Policy From Global Publishers

13 Jun 2018 comment

Facebook is facing more blowback for its decision to categorize the promotion of news articles as political content, with global publishers now urging Mark Zuckerberg to change its policy, according to Bloomberg.

Microsoft Doubles its Game Development Studios

Microsoft Doubles its Game Development Studios

13 Jun 2018 comment

Xbox E3 Briefing was the largest in Microsoft’s history with more than 6,000 people, including more than 1,000 fans, invited to attend in the Microsoft Theater.

Xiaomi Unveils Big Loss as It Prepares to Hawk IPO to Investors

Xiaomi Unveils Big Loss as It Prepares to Hawk IPO to Investors

13 Jun 2018 comment

Xiaomi revealed it lost more than $1 billion in the first three months, as the Chinese smartphone maker prepares for the largest IPO since 2014, according to Bloomberg.

Cryptocurrencies Lose $42 Billion After South Korean Bourse Hack

Cryptocurrencies Lose $42 Billion After South Korean Bourse Hack

12 Jun 2018 comment

The 2018 selloff in cryptocurrencies deepened, wiping out about $42 billion of market value over the weekend and extending this year’s slump in Bitcoin to more than 50 percent, according to Bloomberg.

Apple, Qualcomm Legal Tangle Heading for Clarity as Trials Begin

Apple, Qualcomm Legal Tangle Heading for Clarity as Trials Begin

12 Jun 2018 comment

After more than a year of accusations and a flurry of lawsuits and counter claims, Apple and Qualcomm’s multibillion-dollar legal dispute is about to get serious, according to Bloomberg.

Broadcom's Chips for Data Centers Offset Smartphone Weakness

Broadcom's Chips for Data Centers Offset Smartphone Weakness

11 Jun 2018 comment

Broadcom reaffirmed its revenue forecast for the current period and reported profit that beat estimates, according to Bloomberg.

ZTE Vows to Shake Things Up After Securing a U.S. Reprieve

ZTE Vows to Shake Things Up After Securing a U.S. Reprieve

11 Jun 2018 comment

ZTE pledged to overhaul its flawed management and internal culture after striking a deal with the U.S. to get back in business after a damaging two-month hiatus, according to Bloomberg.

CEBIT Starts Today With a New Concept

CEBIT Starts Today With a New Concept

11 Jun 2018 comment

The new edition of CEBIT is starting today in Hannover, Germany.

Huawei Rises to Second Place in Enterprise Network Equipment Market

Huawei Rises to Second Place in Enterprise Network Equipment Market

10 Jun 2018 comment

Huawei saw rapid year-over-year revenue growth in the global enterprise network equipment market in 2017 and moved from 3rd place in 2016 to 2nd place in 2017 in global market share ranking, according to Gartner's analysis.

BT CEO Patterson Ousted Amid Investor Backlash Over New Strategy

BT CEO Patterson Ousted Amid Investor Backlash Over New Strategy

10 Jun 2018 comment

BT Group abruptly pushed out CEO Gavin Patterson after the board and investors lost faith in his turnaround plan for the former phone monopoly, according to Bloomberg.

Xiaomi Is Said to Win Hong Kong Stock Exchange Approval for IPO

Xiaomi Is Said to Win Hong Kong Stock Exchange Approval for IPO

9 Jun 2018 comment

Xiaomi has won Hong Kong stock exchange approval for its planned initial public offering, according to Bloomberg, citing people with knowledge of the matter.

ZTE to Pay a Record Fine to Get Back in Business

ZTE to Pay a Record Fine to Get Back in Business

9 Jun 2018 comment

The U.S. reached a deal to allow ZTE to get back in business after the Chinese telecommunications company pays a record fine and agrees to management changes, according to Bloomberg.

Facebook Bug Switched Millions of Privacy Settings to Public

Facebook Bug Switched Millions of Privacy Settings to Public

8 Jun 2018 comment

Facebook had a software bug for 10 days in May that set the audience for people’s posts to “public,” even if they had intended to share them just with a smaller audience, according to Bloomberg.

Cybersecurity Firm Crowned New Top Tech IPO Performer for 2018

Cybersecurity Firm Crowned New Top Tech IPO Performer for 2018

8 Jun 2018 comment

Zscaler became the best-performing U.S. technology IPO of the year, after it announced revenue growth that analysts noted was well ahead of estimates, according to Bloomberg.

Senators Aim to Call Facebook, Google and Twitter to Hearings

Senators Aim to Call Facebook, Google and Twitter to Hearings

8 Jun 2018 comment

The top members of the Senate Intelligence Committee want the CEOs of Facebook, Google and Twitter to appear at a public hearing to answer questions about the security of their platforms, according to Bloomberg.

Google Said to Face Antitrust Fines on Android Within Weeks

Google Said to Face Antitrust Fines on Android Within Weeks

8 Jun 2018 comment

Google faces fines for hindering competition with its Android mobile phone system as European Union antitrust watchdogs get ready to add to last year’s record 2.4 billion-euro penalty against the U.S. tech giant, according to Bloomberg.

Twitter Dissolves Live Video Team in Broader Content Shakeup

Twitter Dissolves Live Video Team in Broader Content Shakeup

7 Jun 2018 comment

Twitter has dissolved its live-video team and consolidated the unit into its content partnerships team, in a move the company said is part of a broader reorganization, according to Bloomberg.

Uber Expands Electric-Bicycle Rentals With European Debut

Uber Expands Electric-Bicycle Rentals With European Debut

7 Jun 2018 comment

Uber announced it would roll out its on-demand electric-bicycle service to Europe, according to Bloomberg.

Apple Ups Privacy Controls in Growing Spat With Facebook

Apple Ups Privacy Controls in Growing Spat With Facebook

7 Jun 2018 comment

Apple executives rarely call out Facebook, but they made more moves to limit the social network’s data collection, according to Bloomberg.

HP Says It May Cut 5,000 Jobs by 2019, More Than Planned

HP Says It May Cut 5,000 Jobs by 2019, More Than Planned

6 Jun 2018 comment

HP increased its planned job cuts to 4,500 to 5,000 employees by the end of fiscal 2019, or as many as 1,000 more than the company had estimated as part of a reorganization two years ago, according to Bloomberg.

Sharp Will Buy Toshiba's PC Business and License Brand

Sharp Will Buy Toshiba's PC Business and License Brand

6 Jun 2018 comment

Sharp plans to buy Toshiba’s PC business as its Taiwanese parent Foxconn seeks to expand beyond contract manufacturing and build a brand of its own, according to Bloomberg.

U.S. Said to Be Finalizing Deal to Help Revive ZTE

U.S. Said to Be Finalizing Deal to Help Revive ZTE

6 Jun 2018 comment

The Trump administration is putting the finishing touches on a deal with ZTE that would allow the Chinese company to resume purchases from its American suppliers, according to Bloomberg, citing people familiar with the matter.

NOA N7 and N10 Smartphones Presented at the EISA Convention

NOA N7 and N10 Smartphones Presented at the EISA Convention

6 Jun 2018 comment

For the second year in a row, Hangar18, a company from Koprivnica, Croatia, has presented its smartphones to the general public.