Business

SoftBank Profit Tops Estimates on Shift to Deals, Investing

SoftBank Profit Tops Estimates on Shift to Deals, Investing

7 Aug 2017 comment

SoftBank Group’s earnings are starting to reflect its transition into a company that invests and makes deals, according to Bloomberg.

U.K. Proposes Law Letting Citizens Erase Personal Data on Web

U.K. Proposes Law Letting Citizens Erase Personal Data on Web

7 Aug 2017 comment

The U.K. is proposing a new privacy law that aims to make it easier for citizens to erase personal data and old pictures from Facebook, Google and other internet sites, according to Bloomberg.

Toshiba Will Cut Off Future Supply of Chips for Western Digital

Toshiba Will Cut Off Future Supply of Chips for Western Digital

7 Aug 2017 comment

Toshiba took another stab at its U.S. joint venture partner, Western Digital, saying it has no rights to new chip production that’s vital to the future of both companies, according to Bloomberg.

SEC Asks Twitter Why It Doesn't Disclose Daily User Number

SEC Asks Twitter Why It Doesn't Disclose Daily User Number

7 Aug 2017 comment

The Securities and Exchange Commission has asked Twitter why they are not disclosing number of daily active users, according to Bloomberg.

China Communists to Punish Members Who Visit Illegal Websites

China Communists to Punish Members Who Visit Illegal Websites

6 Aug 2017 comment

China’s Communist Party is curbing the online activities of its 89 million members ahead of a leadership shake-up in a few months, according to Bloomberg.

Russian Banks Prepare to Hit the Gas on Digital Currency Use

Russian Banks Prepare to Hit the Gas on Digital Currency Use

6 Aug 2017 comment

With Russia looking to cure its economy of a hydrocarbon addiction, a consortium of the country’s biggest banks is proposing that it explores a different kind of gas for the answer, according to Bloomberg.

SoundCloud Close to Selling Stakes to Private Equity

SoundCloud Close to Selling Stakes to Private Equity

6 Aug 2017 comment

SoundCloud is close to a deal to sell stakes in the company to a pair of private equity firms, an investment that will help the beleaguered music-streaming service keep operating for the foreseeable future, according to Bloomberg, citing people familiar with the matter.

Facebook Is Said to Test Video Chat Device in Hardware Push

Facebook Is Said to Test Video Chat Device in Hardware Push

5 Aug 2017 comment

Facebook is working on a video chat device for the home, the first major hardware product from its experimental Building 8 lab, according to Bloomberg.

U.K. Proposes Post-Brexit Fund to Close Technology Gap With U.S.

U.K. Proposes Post-Brexit Fund to Close Technology Gap With U.S.

5 Aug 2017 comment

The U.K. proposed a new National Investment Fund to help close a 4 billion-pound funding gap between American and British technology startups, according to Bloomberg.

Fitbit Tops Sales Estimates on Renewed Demand for Fitness Bands

Fitbit Tops Sales Estimates on Renewed Demand for Fitness Bands

5 Aug 2017 comment

Fitbit topped analysts’ revenue projections on better-than-expected demand for fitness bands, and announced its anticipated smartwatch will debut in time for the holiday shopping season, according to Bloomberg.

Man Called Cyberattack Hero Faces Charges He Created Malware

Man Called Cyberattack Hero Faces Charges He Created Malware

4 Aug 2017 comment

A self-taught computer-security researcher, credited with stopping a devastating cyberattack that crippled British hospitals in May, was arrested on charges that he created malware used to hack banking systems in Canada and Europe, according to Bloomberg.

Funding for Fintech Startups Poised to Hit a Record in 2017

Funding for Fintech Startups Poised to Hit a Record in 2017

4 Aug 2017 comment

Financial technology startups are on pace to see funding reach a record as insurance, wealth management, lending and blockchain-related companies attract new dollars, according to Bloomberg.

Skender: Digital User Experience is in the Center of Vipnet's Transformation

Skender: Digital User Experience is in the Center of Vipnet's Transformation

4 Aug 2017 comment

We have talked with Ivan Skender, Senior Business Transformation Director at Vipnet, who points out not only the word process and organization transformation based on digital technology but also about people and their skills and knowledge sharing.

Toshiba to Build Chip Plant Without Partner Western Digital

Toshiba to Build Chip Plant Without Partner Western Digital

4 Aug 2017 comment

Toshiba is moving forward with plans to build a new memory chip plant without venture partner  Western Digital, according to Bloomberg.

Instagram Says Younger Users Spend 32 Minutes a Day on Its App

Instagram Says Younger Users Spend 32 Minutes a Day on Its App

3 Aug 2017 comment

Instagram is most popular for people younger than 25, who the company says spend an average of more than 32 minutes a day on the photo-sharing app, according to Bloomberg.

gamescom 2017: Indie Arena Booth larger than ever before

gamescom 2017: Indie Arena Booth larger than ever before

3 Aug 2017 comment

When gamescom opens its doors to everyone from 23 to 26 August, games fans from all over the world can look forward to a uniquely diverse offer on the theme of gaming. In 2017, over 900 exhibitors are exhibiting at the fair grounds in Cologne at the world's largest event for computer and video games.

Išek: Continued Growth for Combis in 2017.

Išek: Continued Growth for Combis in 2017.

3 Aug 2017 comment

It's summer, and the results of the first six months of this year are slowly falling, which is what is expected after the battery's annual charge. We discussed the direction of the domestic IT sector with the CEO of Combis, at the revenue of the largest domestic IT company owned by HT. There will be some who will say that there are also bigger but in consolidation and outside of Croatia.

Apple Soars to Record After Signaling Resilient iPhone Demand

Apple Soars to Record After Signaling Resilient iPhone Demand

3 Aug 2017 comment

Apple soared to a record after giving a revenue forecast that highlighted resilient demand for the iPhone ahead of the launch of its new models and the growing significance of the company’s supporting businesses, according to Bloomberg.

Trump Says Foxconn Could Triple Investment to $30 Billion

Trump Says Foxconn Could Triple Investment to $30 Billion

2 Aug 2017 comment

Foxconn Chairman Terry Gou is considering tripling his U.S. investment budget to $30 billion, U.S. President Donald Trump said while outlining “off-record” remarks made by Gou, according to Bloomberg.

SoftBank Said to Have $65 Billion in Funds for Charter Deal

SoftBank Said to Have $65 Billion in Funds for Charter Deal

2 Aug 2017 comment

SoftBank Group has as much as $65 billion in financing lined up as Chairman Masayoshi Son weighs whether to make a formal takeover offer for Charter, according to Bloomberg, citing people familiar with the matter.

Bank of Cyprus Chooses IBM for Digital Transformation

Bank of Cyprus Chooses IBM for Digital Transformation

2 Aug 2017 comment

IBM announced that it has been selected as the strategic partner of Bank of Cyprus, the leading banking and financial services Group in Cyprus, for the implementation of the Bank's Digital Transformation.

Didi Takes on Uber in Europe; First Stop Estonia

Didi Takes on Uber in Europe; First Stop Estonia

2 Aug 2017 comment

Uber and Didi Chuxing are once again going head-to-head, this time in Estonia, according to Bloomberg. The Chinese giant with a multi billion-dollar war chest is backing Estonia’s Taxify with a financial investment and support on technology developments, the companies said.

Discovery Buys Scripps for $11.9 Billion, Creating Cable Giant

Discovery Buys Scripps for $11.9 Billion, Creating Cable Giant

1 Aug 2017 comment

Discovery agreed to buy Scripps for $11.9 billion in a bet that uniting ownership of cable channels like Animal Planet and HGTV will help the company adapt to the changing television landscape, according to Bloomberg.

Sony Tops Profit Estimates as Chips and Music Lead Growth

Sony Tops Profit Estimates as Chips and Music Lead Growth

1 Aug 2017 comment

Sony’s turnaround is right on track, according to Bloomberg. The Japanese company posted quarterly profit that topped analyst estimates, thanks to demand for smartphone camera chips, a healthy music business and brisk sales of PlayStation 4 consoles and games.

Good Financial Results for LG in the Second Quarter

Good Financial Results for LG in the Second Quarter

1 Aug 2017 comment

LG announced second-quarter 2017 revenues of 14.55 trillion Korean Won (USD 12.89 billion), an increase of nearly 4 percent from the same period last year. The growth was led by the home appliance unit, which reported a 12 percent sales increase from the 2016 second quarter.

Big school of GDPR lesson 6: Harmonization of IT systems and IT systems management

Big school of GDPR lesson 6: Harmonization of IT systems and IT systems management

1 Aug 2017 comment

At first glance, GDPR does not seem to have a major impact on IT systems. In fact, there are only a few functional requirements directly related to IT systems.

Alphabet's Rising Costs Spark Worry About Shrinking Margins

Alphabet's Rising Costs Spark Worry About Shrinking Margins

1 Aug 2017 comment

Initially investors celebrated a robust quarter from Alphabet, driven by strong sales growth. Then they spotted a red flag: rising costs that could crimp margins going forward, according to Bloomberg.

TÜV SÜD Acquires Provider of High Security Cloud Solutions

TÜV SÜD Acquires Provider of High Security Cloud Solutions

31 Jul 2017 comment

TÜV SÜD is continuing the strategic expansion of its digital service portfolio by acquiring Uniscon. Uniscon and its 45 employees offer Sealed Cloud solutions for data processing. By making this acquisition, TÜV SÜD is positioning itself at the core of digital transformation in the role of third-party provider of a reliable and secure platform for handling sensitive data.

Five Companies with Analytics Applications Named IDC Innovators

Five Companies with Analytics Applications Named IDC Innovators

31 Jul 2017 comment

IDC has released their Innovators report recognizing five companies with revenue under $100 million specializing in analytic applications for manufacturers.

BT Pitches 600 Million Pound Plan for Faster U.K. Rural Broadband

BT Pitches 600 Million Pound Plan for Faster U.K. Rural Broadband

31 Jul 2017 comment

BT Group is proposing a 600 million-pound plan to bring faster Internet coverage to the rural U.K., to be paid for by charges to other broadband users, according to Bloomberg.