Business

Tesla Model 3 Arrives With a Surprise 310-Mile Range

Tesla Model 3 Arrives With a Surprise 310-Mile Range

31 Jul 2017 comment

The range of a $44,000 version of Tesla’s Model 3, unveiled in its final form Friday night, is 310 miles, according to Bloomberg. It’s a new benchmark for cheap range in an electric car, and it’s just one of several surprises Tesla had in store as it handed over the keys to its first 30 customers.

Mobile Ads Fuel Facebook Growth

Mobile Ads Fuel Facebook Growth

31 Jul 2017 comment

Facebook's strong mobile advertising business helped the social network beat expectations on both the top and the bottom line in the second quarter of 2017. Revenue climbed 45 percent to $9.32 billion as the company’s profit jumped 71 percent to $3.89 billion.

First Facebook TV Episodes Are Said to Be Ready for Mid-August

First Facebook TV Episodes Are Said to Be Ready for Mid-August

30 Jul 2017 comment

Facebook’s version of television is coming online in mid-August after several false starts, according to Bloomberg, citing people familiar with the matter.

Meg Whitman Leaves HP Inc., stay in HP Enterprise and not going to Uber

Meg Whitman Leaves HP Inc., stay in HP Enterprise and not going to Uber

30 Jul 2017 comment

Meg Whitman stepped down as chairman and left the board of HP Inc., further distancing her corporate-computing company from the PC and printer businesses it split off in 2015, according to Bloomberg.

Toshiba to Give Western Digital Sale Notice as Fight Goes On

Toshiba to Give Western Digital Sale Notice as Fight Goes On

30 Jul 2017 comment

Western Digital said it will move forward with arbitration to get a say over Toshiba’s sale of its chip unit after the Japanese company agreed to provide notice before closing, according to Bloomberg.

WhatsApp Blocked in China Amid Censorship Push

WhatsApp Blocked in China Amid Censorship Push

29 Jul 2017 comment

Facebook’s WhatsApp messaging service has been partially blocked in China, following a censorship crackdown by the government, according to Bloomberg.

Amazon Expands U.K. Headquarters

Amazon Expands U.K. Headquarters

29 Jul 2017 comment

Amazon is expanding the size of its new U.K. headquarters to support the growth of its Prime Video service in Europe, according to Bloomberg.

Huawei Is Readying an Answer to Upcoming iPhone

Huawei Is Readying an Answer to Upcoming iPhone

28 Jul 2017 comment

Huawei is aiming to grow mobile shipments by only a modest amount in 2017, as it gears up to go head-to-head with the hotly anticipated 10th-anniversary edition of Apple’s iPhone, according to Bloomberg.

Uber Is Said to Target Titans of Industry in CEO Search

Uber Is Said to Target Titans of Industry in CEO Search

28 Jul 2017 comment

Uber hopes to name a new leader by early September to replace its ousted chief executive officer and steer the ride-hailing business out of a turbulent period, according to Bloomberg.

Verizon Surges Most in 8 Years as Unlimited Plans Win Back Users

Verizon Surges Most in 8 Years as Unlimited Plans Win Back Users

28 Jul 2017 comment

Verizon shares jumped the most in eight years after the phone company returned full-force to wireless subscriber growth with a blistering 614,000 customer additions in the second quarter, according to Bloomberg.

Twitter Revenue Tops Estimates; Monthly User Growth Stalls

Twitter Revenue Tops Estimates; Monthly User Growth Stalls

28 Jul 2017 comment

Twitter’s quarterly revenue topped analysts’ projections, helped by its video advertising and data-services business even as the social network failed to add any new monthly users, according to Bloomberg.

Facebook Signals More Urgency About Building Its Chat Businesses

Facebook Signals More Urgency About Building Its Chat Businesses

28 Jul 2017 comment

Facebook’s investors are salivating over the revenue potential for the company’s chat businesses, after Mark Zuckerberg said he’d like to move “a little faster” to make money from them, according to Bloomberg.

Samsung Profit and Sales Top Estimates on Chips and S8 Smartphone

Samsung Profit and Sales Top Estimates on Chips and S8 Smartphone

27 Jul 2017 comment

Samsung’s quarterly profit and revenue topped analysts’ estimates, fueled by the success of its new Galaxy S8 smartphones and demand for semiconductors, according to Bloomberg. Net income rose to a record 10.8 trillion won ($9.6 billion) in the three months ended June. Sales rose 20 percent to 61 trillion won.

Hrvatski Telekom Increases Revenue by 8,5%

Hrvatski Telekom Increases Revenue by 8,5%

27 Jul 2017 comment

Hrvatski Telekom, Croatia’s largest telecommunications provider, presented its unaudited results for first six months of 2017. Compared to H1 2016, total consolidated revenue has increased by 8.5% to HRK 3,691 million.

Zeman: Comminus Continues Export Growth Trend

Zeman: Comminus Continues Export Growth Trend

27 Jul 2017 comment

Croatian IT market is continuing its upward trend, a fact that is apparent from the ICTbusiness.info analysis we conducted with Bisnode and its online portal Poslovna.hr. This trend has been driven mainly by strong growth in exports, and Matija Zeman, director of Comminus, sees this as both a great opportunity and a great challenge.

AT&T Shares Jump Most in 3 Years on Surprise Mobile Gains

AT&T Shares Jump Most in 3 Years on Surprise Mobile Gains

27 Jul 2017 comment

AT&T shares surged the most in three years after the telecommunications giant posted a surprise wireless subscriber gain in the second quarter, showing it can fend for itself in a cutthroat price war, according to Bloomberg.

Nintendo Profit and Sales Top Estimates on Robust Switch Demand

Nintendo Profit and Sales Top Estimates on Robust Switch Demand

27 Jul 2017 comment

Nintendo’s Switch is showing signs of becoming a money earner, according to Bloomberg. The company reported profit and sales that topped estimates as more people bought the new gaming machine, lifting prospects for brisk shipments during the holiday season.

Trump to Announce Foxconn Opening Wisconsin Plant

Trump to Announce Foxconn Opening Wisconsin Plant

26 Jul 2017 comment

American President Donald Trump will announce that Foxconn Technology Group plans a new factory in Wisconsin, fulfilling the Taiwanese manufacturing giant’s promise to invest in the U.S., according to Bloomberg.

Adobe Plans to Stop Distributing Flash Service at End of 2020

Adobe Plans to Stop Distributing Flash Service at End of 2020

26 Jul 2017 comment

Adobe’s Flash service, which had long faced criticism for its cumbersome user experience and vulnerability to hacking, is finally set to fade into history, according to Bloomberg.

Bill Gates Backs Uber Freight Rival, Joining Other Billionaires

Bill Gates Backs Uber Freight Rival, Joining Other Billionaires

26 Jul 2017 comment

As Bill Gates and Jeff Bezos jockey for the designation of world’s wealthiest man, the Seattle billionaires are united behind at least one local venture. They’re both investors in a trucking logistics startup that competes with Uber, according to Bloomberg.

EU Customs Seized Over 41 Million Fake Goods Last Year

EU Customs Seized Over 41 Million Fake Goods Last Year

26 Jul 2017 comment

New figures released by the European Commission show that customs authorities detained more than 41 million fake and counterfeit products at the EU's external border in 2016. The goods had a total value of over €670 million.

Significant Progress to Enhance Europe's Resilience Against Hybrid Threats

Significant Progress to Enhance Europe's Resilience Against Hybrid Threats

25 Jul 2017 comment

The Communication contributes to the creation of a European Union that protects, as promised by President Juncker in the 2016 State of the Union speech. It builds on initiatives in the area of defence, such as the European Defence Fund and the unprecedented level of cooperation between the EU-NATO that has developed over the past year.

IBM Named Leader in Gartner’s Magic Quadrant for Flash Storage Solutions

IBM Named Leader in Gartner’s Magic Quadrant for Flash Storage Solutions

25 Jul 2017 comment

IBM has been recognized as a Leader in the Gartner Magic Quadrant for Solid-State Arrays (SSA) for the fourth year in a row.

Singapore Startup Takes Bitcoin Into Real World With Visa

Singapore Startup Takes Bitcoin Into Real World With Visa

25 Jul 2017 comment

A recurring challenge for bitcoin and other cryptocurrencies is how to make them work in the real world. A Singapore-based startup says the answer is its Visa card, according to Bloomberg.

Big school of GDPR lesson 5: Harmonizing organizational structure and business processes, reporting

Big school of GDPR lesson 5: Harmonizing organizational structure and business processes, reporting

25 Jul 2017 comment

This is the time when you need to appoint a person responsible for the protection of personal information in the organization. Do not mix the function of a Personal Data Protection Officer, who your company has already appointed under the old Act with this function. The new function has almost no similarities with the old one.

iPhone Manufacturers Join Apple's Fight Against Qualcomm

iPhone Manufacturers Join Apple's Fight Against Qualcomm

25 Jul 2017 comment

Apple and its Asian contract manufacturers are hitting back at Qualcomm with legal claims that try to undermine the chipmaker’s attempt to force them to pay licensing fees, according to Bloomberg.

eBay Sees Slow Merchandise Growth

eBay Sees Slow Merchandise Growth

24 Jul 2017 comment

eBay shook investor confidence with slow growth in activity across its marketplace and a lackluster forecast, highlighting its ongoing struggle to emerge from the shadow of Amazon, according to Bloomberg.

Toyota Invests $100 Million in Fund for AI and Robotic Startups

Toyota Invests $100 Million in Fund for AI and Robotic Startups

24 Jul 2017 comment

Toyota wants to smooth the oft-bumpy ride for startup companies and maybe find a few gems to acquire by forming a new venture capital business, according to Bloomberg.

Musk Says First Passengers on SpaceX Rockets Must Be Brave

Musk Says First Passengers on SpaceX Rockets Must Be Brave

24 Jul 2017 comment

Elon Musk tamped down expectations about Space Exploration Technologies’ new rocket designed to carry private citizens into space, saying whoever chooses to be among the first passengers will need to be brave, according to Bloomberg

Nintendo Seen Moving to One Device, Ending Two-Punch Tactic

Nintendo Seen Moving to One Device, Ending Two-Punch Tactic

23 Jul 2017 comment

For more than two decades, Nintendo’s twin product lines were the envy of its rivals: a home console and a handheld gaming device. But signs are emerging its new hybrid Switch may upend all of that, according to Bloomberg.