Business

Tech Giants Face Terror Law in EU Crackdown on Internet Hate

Tech Giants Face Terror Law in EU Crackdown on Internet Hate

30 Jul 2018 comment

Google, Twitter and Facebook have taken significant steps to expunge Islamic State propaganda and other terrorist content from their platforms, according to Bloomberg.

Facebook and Twitter Say EU Privacy Law Caused User Drop

Facebook and Twitter Say EU Privacy Law Caused User Drop

30 Jul 2018 comment

Facebook wants panicked investors to believe Europe’s strict GDPR is to blame for fewer people using the social network in the region, according to Bloomberg.

Amazon Turns Investor Attention From Growth to Big Profits

Amazon Turns Investor Attention From Growth to Big Profits

30 Jul 2018 comment

Amazon investors have traditionally given it a pass on money-losing quarters and narrow profit margins so long as revenue growth kept surpassing expectations, according to Bloomberg.

Facebook Doubles Down on London With Space for 6,000 Workers

Facebook Doubles Down on London With Space for 6,000 Workers

29 Jul 2018 comment

Facebook will double the amount of space it occupies in London as technology firms continue to expand in the U.K., according to Bloomberg.

Intel Gives Bullish Forecast With Data Center Surge Continuing

Intel Gives Bullish Forecast With Data Center Surge Continuing

29 Jul 2018 comment

Intel reported second-quarter results that topped analysts’ estimates on most measures and raised its full-year outlook, according to Bloomberg.

BT Profit Beat and Regulatory Reset Smooth Path for Next CEO

BT Profit Beat and Regulatory Reset Smooth Path for Next CEO

28 Jul 2018 comment

BT Group offered investors some respite from a string of bad surprises as Britain’s former phone monopoly searches for a new CEO, reporting quarterly results that beat expectations, according to Bloomberg.

Facebook Sets Lobbying Record Amid Cambridge Analytica Fallout

Facebook Sets Lobbying Record Amid Cambridge Analytica Fallout

28 Jul 2018 comment

Facebook set a company record for lobbying spending in the second quarter, according to Bloomberg.

Orange's Bet on Spain Pays Off With Quarterly Earnings Beat

Orange's Bet on Spain Pays Off With Quarterly Earnings Beat

27 Jul 2018 comment

Orange is taking lessons from a price war in France beyond its home market to Spain, where a push to win subscribers paid off with a second-quarter earnings beat, according to Bloomberg.

Nokia Plunges as Customers Fail to Spend on Faster Networks

Nokia Plunges as Customers Fail to Spend on Faster Networks

27 Jul 2018 comment

Nokia plunged after saying customers aren’t quite ready to increase spending on faster networks and are demanding price cuts, according to Bloomberg.

Altus IT Welcomes RETN in Zagreb Data Center

Altus IT Welcomes RETN in Zagreb Data Center

27 Jul 2018 comment

The launch of the RETN PoP at Altus IT data center reflects the rising demand for global connectivity in the Balkan region.

Qualcomm Scraps NXP Deal Amid U.S.-China Trade Tensions

Qualcomm Scraps NXP Deal Amid U.S.-China Trade Tensions

27 Jul 2018 comment

Qualcomm scrapped its $44 billion bid for rival chipmaker NXP after Chinese regulators failed to approve the largest-ever deal in the chip industry, according to Bloomberg.

AMD Reports Best Quarterly Profit in Seven Years on New Products

AMD Reports Best Quarterly Profit in Seven Years on New Products

26 Jul 2018 comment

AMD reported earnings that beat analysts’ estimates, signaling the chipmaker’s promising new products are starting to help it claw back market share, according to Bloomberg.

BT Offers Discounts to Prompt Customer Switch to Fiber

BT Offers Discounts to Prompt Customer Switch to Fiber

26 Jul 2018 comment

BT Group is offering discounts to communication providers to get their customers onto faster broadband services, part of a push to boost internet speeds across Britain, according to Bloomberg.

Facebook Revenue and User Growth Miss Estimates as Scandals Hit

Facebook Revenue and User Growth Miss Estimates as Scandals Hit

26 Jul 2018 comment

Facebook saw the first signs of user disenchantment in the midst of public scandals over privacy and content, with second-quarter revenue and average daily visitors missing analysts’ projections, according to Bloomberg.

iPhones Trail Samsung and Google Devices in Internet Speeds

iPhones Trail Samsung and Google Devices in Internet Speeds

25 Jul 2018 comment

Apple’s iPhone 8, iPhone 8 Plus and iPhone X trail the latest smartphones from Samsung and Google in download speeds, according to Bloomberg, citing data from Ookla.

Sky Is Comcast's Final Prize as Disney Battle Approaches Endgame

Sky Is Comcast's Final Prize as Disney Battle Approaches Endgame

25 Jul 2018 comment

After raising the white flag in the battle with Walt Disney for the bulk of Rupert Murdoch’s media empire, Comcast CEO Brian Roberts has one last prize to fight for: the British pay-TV company Sky, according to Bloomberg.

Texas Instruments Predicts Sales Topping Some Analyst Estimates

Texas Instruments Predicts Sales Topping Some Analyst Estimates

25 Jul 2018 comment

Texas Instruments, seeking to turn investor attention back to its performance after dismissing its CEO last week, predicted third-quarter sales and earnings that may top some analysts’ estimates, according to Bloomberg.

Qualcomm-NXP Deal Faces Moment of Truth

Qualcomm-NXP Deal Faces Moment of Truth

24 Jul 2018 comment

The semiconductor industry’s largest-ever deal will be dead or done by the middle of the week, according to Bloomberg.

Atos Buys Syntel in $3.4 Billion U.S. Push for Amex, FedEx

Atos Buys Syntel in $3.4 Billion U.S. Push for Amex, FedEx

24 Jul 2018 comment

Atos agreed to buy  Syntel in a $3.4 billion cash deal to help it get better access to U.S. financial customers like American Express and State Street, according to Bloomberg.

Alphabet Gains as Google Ad Machine Powers Past Record Fine

Alphabet Gains as Google Ad Machine Powers Past Record Fine

24 Jul 2018 comment

Google is still raking in marketing dollars from advertisers, propelling the online search giant to another strong quarter in the face of costly regulatory trouble in Europe, according to Bloomberg.

Walmart Establishes Strategic Partnership With Microsoft

Walmart Establishes Strategic Partnership With Microsoft

23 Jul 2018 comment

Walmart announced it is establishing a strategic partnership with Microsoft to further accelerate their digital transformation in retail.

IBM Watson IoT Accelerates Business Transformation in Europe

IBM Watson IoT Accelerates Business Transformation in Europe

23 Jul 2018 comment

IBM announced that several new European clients have selected IBM Watson Internet of Things (IoT) technologies.

Microsoft Says It Stopped Cyberattacks on Three 2018 Candidates

Microsoft Says It Stopped Cyberattacks on Three 2018 Candidates

23 Jul 2018 comment

Microsoft said it identified and stopped attempts to launch cyberattacks on three 2018 congressional candidates using a phony version of its website, according to Bloomberg.

SAP Raises 2018 Outlook as Cloud Sales Growth Outpaces Bookings

SAP Raises 2018 Outlook as Cloud Sales Growth Outpaces Bookings

23 Jul 2018 comment

SAP is betting big on its cloud business for future sales growth, raising its outlook even as concerns remain about whether new bookings can keep pace, according to Bloomberg.

Foreign Tech Workers Face Higher Hurdles in Visa Applications

Foreign Tech Workers Face Higher Hurdles in Visa Applications

22 Jul 2018 comment

For highly-skilled foreign workers applying for a new work visa or an extension, the stakes involved just got a whole lot higher, according to Bloomberg.

Columbia University and IBM Establish New Center

Columbia University and IBM Establish New Center

21 Jul 2018 comment

Columbia University and IBM announced a new Center devoted to research, education, and innovation in blockchain technology and data transparency.

Microsoft Sales Top Estimates

Microsoft Sales Top Estimates

21 Jul 2018 comment

Microsoft’s cloud-fueled turnaround persisted in the fiscal fourth quarter, when sales and profit got a boost from customers, according to Bloomberg.

eBay Gives Disappointing Outlook, Stoking Growth Concerns

eBay Gives Disappointing Outlook, Stoking Growth Concerns

20 Jul 2018 comment

eBay gave a lackluster sales forecast for the third quarter and lowered its revenue guidance for the year, according to Bloomberg.

Microsoft and National Geographic form Innovation Grant Partnership

Microsoft and National Geographic form Innovation Grant Partnership

20 Jul 2018 comment

Microsoft and National Geographic announced a new partnership to advance scientific exploration and research on critical environmental challenges with the power of artificial intelligence (AI).

Trump Says EU Is ‘Taking Advantage’ With Google Fine

Trump Says EU Is ‘Taking Advantage’ With Google Fine

20 Jul 2018 comment

US President Donald Trump lashed out at the European Union’s $5 billion fine against Google in the latest trade-related salvo fired from the White House, according to Bloomberg.