Amazon filed two lawsuits against vendors allegedly selling counterfeit goods through its internet marketplace, stepping up efforts to keep fakes off the site heading into the holiday shopping season, according to Bloomberg. One suit targets ToysNet of Hacienda Heights, California; Disk Vision of Brandon, Florida; and individuals who Amazon says sold counterfeit Forearm Forklifts, straps used to carry heavy and bulky items.
Facebook will no longer allow marketers to target ads by ethnic affinity for certain types of housing, employment or credit, responding to concerns that its practices were discriminatory, according to Bloomberg. The company said it had been meeting with congressional leaders and organizations including the American Civil Liberties Union after a ProPublica report that explained how Facebook’s ads could be targeted to exclude minorities from seeing certain opportunities.
Security software-maker Gemalto Chief Executive Officer Philippe Vallee says sales growth will accelerate as soon as this quarter and business prospects are good for the longer-term, calling on investors to move past a profit warning that has sent shares down 15 percent in just over a week, according to Bloomberg.
Steve Ballmer said that his decision to push Microsoft into the hardware business contributed to the breakdown of his relationship with longtime friend and company co-founder Bill Gates, according to Bloomberg. Ballmer's only regret: not doing it sooner.
Alibaba is stepping up investments in the entertainment industry with the formation of a new media group along with a fund of more than 10 billion yuan ($1.48 billion) for new projects, according to Bloomberg. The change consolidates the Chinese e-commerce giant’s media empire into the Alibaba Digital Media and Entertainment Group, which will include video website Youku Tudou, web browser UCWeb, Alibaba Pictures Group Ltd. and the company’s gaming, literature, music and digital business units.
A strong pat on the back and a reassuring word no longer cuts it when it comes to keeping millennials happy at work, according to Bloomberg. More than three-quarters of U.K. workers age 18 to 24 say company perks are crucial to their job satisfaction, according to a survey released this week by Perkbox, a company that sells employee gifts.
Nintendo’s new gaming console Switch is part of a bigger plan that will include more accessories, a deeper lineup of software and possible tie-ups with other technologies, according to Bloomberg. In his first interview since unveiling the brand-new flagship product, President Tatsumi Kimishima said details about add-ons will be available in the new year.
According to Bloomberg, Twitter is planning widespread job cuts, to be announced as soon as this week, said people familiar with the matter. The company may cut about 8 percent of the workforce, or about 300 people, the same percentage it did last year when co-founder Jack Dorsey took over as chief executive officer, the people said. Planning for the cuts is still fluid and the number could change, they added. The people asked not to be identified talking about private company plans.
Ericsson’s biggest shareholder is throwing its weight behind calls to find a new chief executive officer for the Swedish network equipment maker, according to Bloomberg. Company, that has been run by its chief financial officer since Hans Vestberg was fired from the top job in July, has delivered its owners a series of blows in recent months.
Samsung cut its third-quarter operating profit outlook by $2.3 billion after ending production of its fire-prone Galaxy Note 7 smartphones. According to Bloomberg it is the first sign of how much the crisis will cost South Korea’s largest company.
Searching for innovative and thriving software companies in Croatia we went to the east of the country, to Osijek, where we met Denis Sušac, CEO of Mono, one of most recognized small Croatian developing companies.
Zagrebačka banka has become the first private issuer of qualified certificates used in the generation of the advanced electronic signatures in Croatia, and thus made a huge step on the national, or even regional, finance market, by enabling completely electronic service agreements with its clients.
Cloud story is not everything or nothing, and there are no rules that can apply to all businesses, said in the interview for ICTbusiness.biz Mario Vojvoda member of the Board of Combis, one of the biggest Croatian system integrators owned by Hrvatski Telekom.
According to Bloomberg Ericsson plans to cut 3,000 jobs in Sweden, a fifth of the workforce in its home country, as it curbs production to cope with shifting technology and stagnant demand for wireless-network equipment.
Today many managers and organizations are talking about digital transformation. A digital transformation strategy must be based upon on Purpose, Values, and People, but basically, it is the changes associated with the application of digital technology in all aspects of human society. About digital transformation, we talked with Ira Kaufman, a professor at Lynchburg College School of Business and Economics. Professor Kaufman is the author of the program Digital leadership for digital transformation.
Microsoft has spent more than $3 billion building up its cloud infrastructure in Europe, including $1 billion in the past year, according to Bloomberg. Company Chief Executive Officer Satya Nadella focuses on winning customers over rivals such as Amazon and Google.
Google is working with a financial adviser to consider a potential bid for Twitter Inc., as the social-media company continues to explore a sale, according to a person familiar with the arrangement, according to Bloomberg.
Google repackaged its cloud services and corporate software and hardware offerings into a new unit called Google Cloud on Thursday, according to Bloomberg. This is their latest attempt to catch leaders in the sector Amazon.com Inc. and Microsoft Corp.
Telefonica SA is scrambling to rescue the initial public offering of infrastructure unit Telxius Telecom SA amid insufficient demand for the shares, according to people familiar with the matter, according to Bloomberg.
Intel Corporation announced the appointment of Robert “Bob” H. Swan as executive vice president and chief financial officer (CFO), effective Oct. 10, 2016. Swan will report to Intel CEO Brian Krzanich and oversee Intel’s global finance and IT organizations, as well as the Corporate Strategy Office. He replaces Stacy Smith, who, as previously announced, is taking a broader role within Intel leading manufacturing, sales and operations. Smith served nine years as Intel’s CFO.
Fintech platform revenues for unsecured consumer loans issued using machine learning technology are set to see a jump of 960% during the period 2016-2021, rising to $17 billion globally in the latter forecast year, found in new Juniper Research. According to their Juniper analysts this rise is mainly driven by advances in analytics and accessible computing power.