Business

Qualcomm Is Said to Plan Exit From Server Chips

Qualcomm Is Said to Plan Exit From Server Chips

8 May 2018 comment

Qualcomm is preparing to give up its push to develop processors for data-center servers, according to Bloomberg, citing a person familiar with the plans.

Microsoft Bets on Faster Chips and AI Services to Win Cloud Wars

Microsoft Bets on Faster Chips and AI Services to Win Cloud Wars

8 May 2018 comment

Microsoft will let customers use a chip system it built to process AI queries cheaper and faster, called Project Brainwave, according to Bloomberg.

GoPro Sales Top Estimates on New Camera Models

GoPro Sales Top Estimates on New Camera Models

8 May 2018 comment

GoPro posted sales that exceeded analyst estimates, suggesting the struggling hardware company is still attracting consumers despite growing competition from cheaper alternatives, according to Bloomberg.

Alibaba's Outlook Tops Estimates as Spending Drives Growth

Alibaba's Outlook Tops Estimates as Spending Drives Growth

7 May 2018 comment

Alibaba predicted a surprise acceleration of sales as the Chinese e-commerce giant unleashes spending to sustain growth in cloud computing, logistics and supermarkets, according to Bloomberg.

Twitter Advises Users to Change Passwords After Bug Found

Twitter Advises Users to Change Passwords After Bug Found

7 May 2018 comment

Twitter advised users to change their passwords after the company found a bug in its systems that exposed passwords in plain text internally, according to Bloomberg.

Third Edition of CE China Held in Shenzhen

Third Edition of CE China Held in Shenzhen

7 May 2018 comment

The third edition of CE China, a global IFA event, successfully closed on Sunday after three days of providing a convention for growing business opportunities by building new pan-Asian connections and gaining deep market insights.

To Fight Fortnite, Activision Is Retooling How Its Games Work

To Fight Fortnite, Activision Is Retooling How Its Games Work

7 May 2018 comment

Activision Blizzard, battered by the runaway success of a rival video game, is looking to mimic the popularity of Epic Games’s Fortnite, according to Bloomberg.

Microsoft Awards $3.5 million to Most Innovative Startups in AI

Microsoft Awards $3.5 million to Most Innovative Startups in AI

6 May 2018 comment

M12, Microsoft’s venture fund, announced the four winners of its global startup competition, Innovate.AI: Envisagenics, Hazy, ZenCity and Voiceitt.

Steve Ballmer Says He Has Sold All of His Stake in Twitter

Steve Ballmer Says He Has Sold All of His Stake in Twitter

6 May 2018 comment

Former Microsoft CEO Steve Ballmer said he sold his entire stake in Twitter because he no longer wants to focus on being an investor and the price was attractive, according to Bloomberg.

Facebook Is Said to Weigh Advertising-Free Subscription Option

Facebook Is Said to Weigh Advertising-Free Subscription Option

5 May 2018 comment

Facebook has been conducting market research in recent weeks to determine whether an ad-free version paid by subscriptions would spur more people to join the social network, according to Bloomberg, citing people familiar with the matter.

Hang Seng Index Replaces Lenovo With CSPC Pharma

Hang Seng Index Replaces Lenovo With CSPC Pharma

5 May 2018 comment

The outlook for Lenovo shareholders is looking grimmer after the stock was dropped from Hong Kong’s benchmark stock gauge, according to Bloomberg.

Spotify Sinks After Subscriber Growth Disappoints Investors

Spotify Sinks After Subscriber Growth Disappoints Investors

4 May 2018 comment

Spotify posted a 45 percent jump in subscriptions during its first quarter as a public company but that wasn’t enough to please its increasingly bullish investors, according to Bloomberg.

Pentagon Bans Chinese-Made Smartphones From Military Exchanges

Pentagon Bans Chinese-Made Smartphones From Military Exchanges

4 May 2018 comment

U.S. military exchanges have stopped selling smartphones made by two Chinese firms after the Pentagon warned the devices pose a security risk to military personnel and operations, according to Bloomberg.

Xiaomi Shows Off Scorching Growth Ahead of $10 Billion IPO

Xiaomi Shows Off Scorching Growth Ahead of $10 Billion IPO

4 May 2018 comment

Xiaomi, going for wow-factor ahead of what could be the largest initial public offering since 2014, has revealed a blistering pace of growth, according to Bloomberg.

IBM Board Approves Increase in Dividend for the 23rd Consecutive Year

IBM Board Approves Increase in Dividend for the 23rd Consecutive Year

4 May 2018 comment

The IBM Board of Directors declared a regular quarterly cash dividend of $1.57 per common share.

Tesla Projects End to Cash-Burning Era as Model 3 Gains Traction

Tesla Projects End to Cash-Burning Era as Model 3 Gains Traction

3 May 2018 comment

Tesla forecast that it’ll generate cash in the second half of this year as production of Elon Musk’s critical Model 3 gains traction, according to Bloomberg.

Facebook Plans a Dating Feature

Facebook Plans a Dating Feature

3 May 2018 comment

Facebook announced it’s rolling out a new dating feature, sending shares in matchmaking app company Match and its owner IAC/InterActive plunging, according to Bloomberg.

Uber Makes Progress in Bid to Appease London Regulator

Uber Makes Progress in Bid to Appease London Regulator

3 May 2018 comment

Uber is making progress in its bid to appease London’s transport regulator ahead of a critical court battle over its license to operate in the city, according to Bloomberg.

Sony Drops Most in Nearly Two Years on Cooling Smartphone Demand

Sony Drops Most in Nearly Two Years on Cooling Smartphone Demand

3 May 2018 comment

Sony shares fell the most in almost two years after the electronics maker missed profit estimates and forecast weaker sales and operating profits across most of its business units, according to Bloomberg.

TSMC Plans to Spend $13.5 Billion Expanding Hsinchu Facility

TSMC Plans to Spend $13.5 Billion Expanding Hsinchu Facility

2 May 2018 comment

Taiwan Semiconductor Manufacturing, the world’s largest contract chipmaker, plans to invest NT$400 billion ($13.5 billion) expanding its Hsinchu production facility as it seeks to regain momentum amid a slowdown in the global smartphone market, according to Bloomberg.

ZTE Fails to Address U.S. Sanctions as It Says Earnings Surged

ZTE Fails to Address U.S. Sanctions as It Says Earnings Surged

2 May 2018 comment

ZTE reported its earnings have surged, without addressing the impact of U.S. sanctions that threaten to derail its crucial global expansion into next-generation telecoms networking, according to Bloomberg.

Twitter Inks More Than 30 Video Deals With Disney, NBC and Viacom

Twitter Inks More Than 30 Video Deals With Disney, NBC and Viacom

2 May 2018 comment

Twitter inked more than 30 deals with publishers including Walt Disney and NBCUniversal to beef up its video offerings with more news, entertainment and sports, according to Bloomberg.

Apple Tops Sales Estimates on Services Growth and iPhone Stability

Apple Tops Sales Estimates on Services Growth and iPhone Stability

2 May 2018 comment

Apple reported revenue and profit that beat analysts’ estimates and projected continued sales momentum, calming concern about demand for the iPhone, according to Bloomberg.

eBay Gives Disappointing Outlook, Highlighting Threat of Amazon

eBay Gives Disappointing Outlook, Highlighting Threat of Amazon

1 May 2018 comment

eBay gave a weak outlook for revenue growth in the current quarter, taking the shine off CEO Devin Wenig’s turn-around strategy, according to Bloomberg.

European Tech Tax Push by France Resisted as Global Deal Sought

European Tech Tax Push by France Resisted as Global Deal Sought

1 May 2018 comment

Europe’s plan to tax large digital companies hit resistance at a meeting of the bloc’s finance ministers as delegates tussled between a French-backed push for a quick regional agreement and calls for a global solution, according to Bloomberg.

Amazon More Than Doubles Credit Line as It Expands Globally

Amazon More Than Doubles Credit Line as It Expands Globally

30 Apr 2018 comment

Amazon is more than doubling its line of credit to $7 billion as it takes steps to fuel revenue growth, including building data centers, expanding internationally and producing original video content, according to Bloomberg.

PayPal Forecasts Growth, Easing Concerns Over Losing eBay

PayPal Forecasts Growth, Easing Concerns Over Losing eBay

30 Apr 2018 comment

PayPal reported earnings that beat analysts’ estimates in the first quarter and gave an optimistic forecast for the second, signaling that it’s weathering the loss of eBay as it continues to sign up new accounts, according to Bloomberg.

T-Mobile to Buy Sprint for $26.5 Billion in Bet on New Networks

T-Mobile to Buy Sprint for $26.5 Billion in Bet on New Networks

29 Apr 2018 comment

T-Mobile US Inc. agreed to acquire Sprint Corp. for $26.5 billion in stock, a wager that the carriers can team up to build a next-generation wireless network and get a jump on industry leaders Verizon Communications Inc. and AT&T Inc, according to Bloomberg.

Qualcomm Forecast Shows China Phone Market May Be Rebounding

Qualcomm Forecast Shows China Phone Market May Be Rebounding

29 Apr 2018 comment

Qualcomm gave a more positive outlook than analysts expected, sparking optimism that the Chinese smartphone market is showing signs of life, according to Bloomberg.

Facebook Sales Top Estimates, Fueled by Ads

Facebook Sales Top Estimates, Fueled by Ads

29 Apr 2018 comment

Facebook has been embroiled in one controversy after another, but ad sales are near records and users keep flocking to the social network, according to Bloomberg.