Business

New York Approves First U.S. Cap on App-Based Cars

New York Approves First U.S. Cap on App-Based Cars

9 Aug 2018 comment

New York’s city council dealt a political blow to app-based car-for-hire companies, according to Bloomberg.

Dell Projects Revenue Boost in Pitch for Tracking-Stock Buyout

Dell Projects Revenue Boost in Pitch for Tracking-Stock Buyout

8 Aug 2018 comment

Dell’s furthest-reaching financial projections received a muted response from the investors it needs to impress to pull off a deal to return to public markets, according to Bloomberg.

NYC Is Set to Impose a Cap on Uber

NYC Is Set to Impose a Cap on Uber

8 Aug 2018 comment

New York’s city council is poised to approve a one-year cap on new licenses for Uber and other ride-sharing vehicles, according to Bloomberg.

IBM Security Opens Network of Four Secure Testing Facilities

IBM Security Opens Network of Four Secure Testing Facilities

8 Aug 2018 comment

IBM Security  announced X-Force Red Labs, a network of four secure facilities dedicated to testing the security of devices and systems.

SoftBank Weighs $90 Billion Value for Mobile Unit

SoftBank Weighs $90 Billion Value for Mobile Unit

8 Aug 2018 comment

SoftBank is considering seeking a valuation of about $90 billion for its domestic wireless business in a planned initial public offering, according to Bloomberg, citing people familiar with the matter.

Facebook Shares Rise on Optimism for Banking Relationships

Facebook Shares Rise on Optimism for Banking Relationships

7 Aug 2018 comment

Facebook’s shares rose on optimism that the company is forging deeper relationships with banks to offer customer-service products via its Messenger chat application, according to Bloomberg.

TSMC Blames WannaCry Variant for Plant Closures

TSMC Blames WannaCry Variant for Plant Closures

7 Aug 2018 comment

Taiwan chipmaker TSMC, reeling from a computer virus that shut down several plants over the weekend, is expected to be able to fill orders on time for Apple as it gears up to release new iPhones later this year, according to Bloomberg.

GoPro Beats Estimates on Renewed Demand for Action Cameras

GoPro Beats Estimates on Renewed Demand for Action Cameras

7 Aug 2018 comment

GoPro posted results that exceeded analysts’ estimates, according to Bloomberg.

Computer Virus Crippled TSMC Plants

Computer Virus Crippled TSMC Plants

6 Aug 2018 comment

A computer virus halted several TSMC factories Friday night, dealing the company one of its most severe disruptions, according to Bloomberg.

Huawei Declares Ambition to Be No.1 After Dethroning Apple

Huawei Declares Ambition to Be No.1 After Dethroning Apple

6 Aug 2018 comment

Huawei, which just edged past Apple Inc. to become the world’s second-largest smartphone maker, wants to be top of the heap before the end of 2019, according to Bloomberg.

Police Are Seeking More Digital Evidence From Tech Companies

Police Are Seeking More Digital Evidence From Tech Companies

5 Aug 2018 comment

U.S. law enforcement agencies are increasingly asking technology companies for access to digital evidence on mobile phones and apps, with about 80 percent of the requests granted, a new study found, according to Bloomberg.

Fortnite Phenomenon Turns Epic Game Developer Into Billionaire

Fortnite Phenomenon Turns Epic Game Developer Into Billionaire

5 Aug 2018 comment

Tim Sweeney made Fortnite a phenomenon by doing something that sounds crazy: He gave it away. That strategy has made him a billionaire, according to Bloomberg.

Payroll Startup Gusto Raises $140 Million in Funding

Payroll Startup Gusto Raises $140 Million in Funding

4 Aug 2018 comment

Payroll and benefits startup Gusto is raising $140 million from investors in a round that nearly doubles its previous funding total, according to Bloomberg.

Harry Potter Will Help Kids Learn to Code with U.K. Startup Kano

Harry Potter Will Help Kids Learn to Code with U.K. Startup Kano

4 Aug 2018 comment

Harry Potter never learned computer code, but a London-based startup plans to help Muggle children do so with the famous wizard’s help, according to Bloomberg.

Aperto Secures Contract With German Ministry of Defence and Armed Forces

Aperto Secures Contract With German Ministry of Defence and Armed Forces

3 Aug 2018 comment

After a public tender process spanning multiple rounds, the Berlin-based digital agency was awarded the contract to relaunch the Ministry of Defence (BMVg) internet presence by the IT service provider BWI.

Ericsson and LG Sign Global Patent License Agreement

Ericsson and LG Sign Global Patent License Agreement

3 Aug 2018 comment

Ericsson and LG have renewed a global patent license agreement on FRAND terms and conditions between the two companies.

Cisco to Acquire Duo for $2.35 Billion, Adding to Security

Cisco to Acquire Duo for $2.35 Billion, Adding to Security

3 Aug 2018 comment

Cisco said it plans to buy Duo Security for $2.35 billion, adding to its offerings in cloud-based security, according to Bloomberg.

Apple Becomes First U.S. Company to Hit $1 Trillion Value

Apple Becomes First U.S. Company to Hit $1 Trillion Value

3 Aug 2018 comment

Apple became the first U.S.-based company with a market value of $1 trillion, acccordimg to Bloomberg.

Sony Raises Revenue Outlook as PlayStation Sales Brighten

Sony Raises Revenue Outlook as PlayStation Sales Brighten

2 Aug 2018 comment

Sony raised its outlook for the current fiscal year, thanks to robust sales of the PlayStation console and a stake in recently listed Spotify, according to Bloomberg.

Nintendo's Software Sales Help Bolster Profits as Hardware Slips

Nintendo's Software Sales Help Bolster Profits as Hardware Slips

2 Aug 2018 comment

Nintendo reported quarterly earnings that topped profit estimates, as higher software sales online made up for weaker shipments of the Switch console, according to Bloomberg.

Facebook Unveils Tools to Tell Users When to Stop Scrolling

Facebook Unveils Tools to Tell Users When to Stop Scrolling

2 Aug 2018 comment

As tech giants face increasing criticism over the addictive nature of their products, Facebook is releasing features that do the opposite, according to Bloomberg.

LG Sees Rising Earnings and Profit in 2Q18 and 1H18

LG Sees Rising Earnings and Profit in 2Q18 and 1H18

2 Aug 2018 comment

LG reported consolidated global sales of 15.02 trillion won ($13.9 billion) and operating profits of 771 billion won ($715.1 million) for the second quarter of 2018, the Korean company reported.

Twitter Will Measure Echo Chambers and Unruly Comments on Service

Twitter Will Measure Echo Chambers and Unruly Comments on Service

1 Aug 2018 comment

Twitter is working with researchers on ways to measure the health of discourse on the social network, part of a broader effort to clean up its service, according to Bloomberg.

Facebook Finds Ongoing Evidence of Election Interference

Facebook Finds Ongoing Evidence of Election Interference

1 Aug 2018 comment

Facebook has uncovered an ongoing effort to influence U.S. political opinions on its social networks, according to Bloomberg.

ARM Is Said to Agree to Buy Treasure Data

ARM Is Said to Agree to Buy Treasure Data

1 Aug 2018 comment

ARM, the British computer-chip designer owned by SoftBank Group, has agreed to buy U.S.-based data analytics firm Treasure Data, according to Bloomberg, citing people familiar with the matter.

Apple Forecast Tops Estimates on High-End iPhones and Services

Apple Forecast Tops Estimates on High-End iPhones and Services

1 Aug 2018 comment

Apple projected sales that beat analysts’ estimates, suggesting consumers continue to snap up the company’s high-end iPhones, digital services and wearable devices, according to Bloomberg.

Nokia Wins $3.5 Billion T-Mobile US Deal With 5G Heating Up

Nokia Wins $3.5 Billion T-Mobile US Deal With 5G Heating Up

31 Jul 2018 comment

Nokia won a $3.5 billion order from T-Mobile US to build fifth-generation mobile networks in the U.S., according to Bloomberg.

Samsung Profit Misses Estimates as Growth Stalls in Smartphones

Samsung Profit Misses Estimates as Growth Stalls in Smartphones

31 Jul 2018 comment

Samsung’s net income fell short of analysts’ estimates as slowing growth in the global smartphone market hits demand for its Galaxy devices, according to Bloomberg.

SK Hynix Posts Record Profit on Resilient Chip Demand

SK Hynix Posts Record Profit on Resilient Chip Demand

31 Jul 2018 comment

SK Hynix posted record profit on booming sales of memory chips and a weakening won that boosted the value of overseas sales, according to Bloomberg.

Major French Tech Company's CEO Fears Effects of Hard Brexit

Major French Tech Company's CEO Fears Effects of Hard Brexit

30 Jul 2018 comment

Capgemini CEO Paul Hermelin is predicting a hard Brexit will cause a knock-on effect to its British clients, potentially weakening demand, according to Bloomberg.