Business

eBay is Working on Tech Tools to Make Online Shopping More Fun

eBay is Working on Tech Tools to Make Online Shopping More Fun

17 Feb 2018 comment

eBay will roll out new augmented reality features this year to make buying and selling goods on the website more engaging, and is exploring a credit program for sellers to encourage them to keep their money on the platform, according to Bloomberg.

London Not Ready for Driverless Cars Before 2030s, Report Says

London Not Ready for Driverless Cars Before 2030s, Report Says

17 Feb 2018 comment

London is ill-prepared to become an early adopter of cutting-edge transport technology including driverless cars and retail deliveries by drone, according to Bloomberg, citing city’s lawmakers.

Qualcomm Rejects Broadcom's Offer, Says Open to More Talks

Qualcomm Rejects Broadcom's Offer, Says Open to More Talks

17 Feb 2018 comment

Qualcomm’s board said discussions with Broadcom failed to persuade the chipmaker to sign off on a $121 billion takeover offer, making it more likely shareholders will get to decide on the fate of the deal, according to Bloomberg.

Online Child Sex-Abuse Linked to Falling Phone Prices

Online Child Sex-Abuse Linked to Falling Phone Prices

16 Feb 2018 comment

Wider access to smartphones and super-fast internet access are giving rise to a disturbing trend: a surge in on-demand, live-streaming online child sexual abuse, according to Bloomberg.

Toyota Bets on Future of Taxis With Ride-Hailing App Investment

Toyota Bets on Future of Taxis With Ride-Hailing App Investment

16 Feb 2018 comment

Seeking a bigger role in defining the future of connected mobility, Asia’s biggest automaker Toyota is investing an additional 7.5 billion yen ($68.6 million) into Japan Taxi, a cab-hailing app run by Ichiro Kawanabe, a taxi industry insider, according to Bloomberg.

Cisco Gives Bullish Outlook, Boosts Buyback by $25 Billion

Cisco Gives Bullish Outlook, Boosts Buyback by $25 Billion

16 Feb 2018 comment

Cisco Systems gave a bullish forecast for sales and profit, indicating companies are spending to upgrade their computer infrastructure, according to Bloomberg.

Qualcomm Board to Discuss Next Steps After Broadcom Meeting

Qualcomm Board to Discuss Next Steps After Broadcom Meeting

15 Feb 2018 comment

Qualcomm said its board will convene to discuss the next steps on Broadcom’s $121 billion acquisition offer after a meeting with its hostile suitor, giving no indication of whether the two chipmakers are closer to agreeing on the largest deal in the history of technology, according to Bloomberg.

Toshiba May Miss Deadline for Chip Sale and Reap Billions

Toshiba May Miss Deadline for Chip Sale and Reap Billions

15 Feb 2018 comment

It’s increasingly likely Toshiba will miss a March deadline for closing the sale of its memory chip business. That could turn out to be $4 billion worth of good news for the Japanese conglomerate, according to Bloomberg.

Uber Quarterly Sales Rose 61% to $2 Billion Amid Heavy Loss

Uber Quarterly Sales Rose 61% to $2 Billion Amid Heavy Loss

15 Feb 2018 comment

Uber had a painful 2017, but the business managed to grow. According to Bloomberg, adjusted net revenue last quarter increased 61 percent to $2.22 billion from the same period in 2016. Meanwhile, the total value of fares grew to $11 billion that quarter.

Companies Reminded of Fragile Consumer Trust Ahead of GDPR

Companies Reminded of Fragile Consumer Trust Ahead of GDPR

14 Feb 2018 comment

Baringa Partners warns that businesses will have to work much harder to maintain levels of trust when General Data Protection Regulation comes into force.

Hackers Hit Winter Olympics in Attempt to Shame Organizers

Hackers Hit Winter Olympics in Attempt to Shame Organizers

14 Feb 2018 comment

A cyberattack paralyzed internet networks at the opening ceremony of the Pyeongchang Winter Olympics in what appeared to be a bid to embarrass the organizers, according to Bloomberg.

Apple CEO Sees Dividend Hikes, Calls Succession a Priority

Apple CEO Sees Dividend Hikes, Calls Succession a Priority

14 Feb 2018 comment

Apple CEO Tim Cook told shareholders at the company’s annual meeting to expect higher dividends and stressed that succession planning is a priority, according to Bloomberg.

Cryptocurrency Businesses Find Ways Around Facebook Ad Ban

Cryptocurrency Businesses Find Ways Around Facebook Ad Ban

13 Feb 2018 comment

Cryptocurrency ads have found their way onto Facebook despite a ban, using a workaround popular with email spammers: changing spelling, according to Bloomberg.

Huawei Will Showcase over 20 New Products at MWC 2018

Huawei Will Showcase over 20 New Products at MWC 2018

13 Feb 2018 comment

Last week, Huawei held a Pre-MWC 2018 Media and Analyst Briefing in London, during which the company called on all industries to work together and go beyond traditional boundaries in the areas of capabilities, connections, business, experience, and partnerships for a fully-connected, intelligent world.

Next Android Overhaul Is Said to Embrace iPhone Notch

Next Android Overhaul Is Said to Embrace iPhone Notch

13 Feb 2018 comment

Google is working on an overhaul of its Android mobile software for a new generation of smartphones mimicking Apple’s controversial new "notch" at the top of the iPhone X, according to Bloomberg, citing people familiar with the matter.

Broadcom Lines Up Biggest Debt Financing Ever for Qualcomm

Broadcom Lines Up Biggest Debt Financing Ever for Qualcomm

13 Feb 2018 comment

Broadcom has lined up as much as $106 billion of debt financing to back its proposed acquisition of Qualcomm, winning what would be the biggest corporate loan on record at a precarious time for credit markets, according to Bloomberg.

Foxconn Unit Planning $4 Billion Investment After China IPO

Foxconn Unit Planning $4 Billion Investment After China IPO

12 Feb 2018 comment

Foxconn Industrial is seeking to use proceeds from an initial public offering in China to bankroll 27.3 billion yuan ($4.3 billion) investment in next generation projects, according to Bloomberg.

NOA Will Present Three New N Series Models at MWC Barcelona

NOA Will Present Three New N Series Models at MWC Barcelona

12 Feb 2018 comment

Croatian company Hangar18 eill present its line of NOA smartphones for the second year in row at Mobile World Congress in Barcelona. At this year's MWC, Hangar18 will present its new models from the „N“ series.

4YFN Awards Will Identify Best International Startup

4YFN Awards Will Identify Best International Startup

12 Feb 2018 comment

The 4YFN Awards 2018, the mobile startup competition that will be held at 4YFN Barcelona, are searching for the most disruptive project during this year’s edition and have already selected 10 startup finalists from over 300 participants, spanning over 75 cities in 25 countries worldwide.

TDC Is Back in Play With Cash Takeover Bid From Giant Funds

TDC Is Back in Play With Cash Takeover Bid From Giant Funds

11 Feb 2018 comment

Denmark’s TDC is in play after a group led by Danish pension funds made an unsolicited attempt to take over the former phone monopoly, according to Bloomberg.

Facebook Testing a Downvote Button to Judge Comments

Facebook Testing a Downvote Button to Judge Comments

11 Feb 2018 comment

Facebook is testing a button that would let users “downvote” other people’s comments on public posts, according to Bloomberg.

SoftBank Plans Phone Unit IPO as Son Shifts Focus to Deals

SoftBank Plans Phone Unit IPO as Son Shifts Focus to Deals

10 Feb 2018 comment

SoftBank’s Masayoshi Son unveiled plans for an initial public offering of his domestic telecom operation, signaling the evolution of his business empire and his increasing focus on investments in startups such as Uber, according to Bloomberg.

Broadcom Says $121 Billion Qualcomm Bid Is

Broadcom Says $121 Billion Qualcomm Bid Is "Best and Final"

10 Feb 2018 comment

Broadcom said its $121 billion acquisition proposal for Qualcomm is the “best and final” offer after the target’s board unanimously rejected the sweetened bid, likely leaving the future of the hostile takeover bid to be decided by shareholders next month, according to Bloomberg.

Uber Agrees to Pay Waymo $245 Million Equity to Settle Suit

Uber Agrees to Pay Waymo $245 Million Equity to Settle Suit

10 Feb 2018 comment

Uber agreed to give Waymo about $245 million in closely held stock to cut short a trade-secret theft trial, ending a high-stakes conflict that already cost the ride-hailing giant its top driverless car engineer and threatened to further embarrass the company, according to Bloomberg.

Facebook Is Said to Be in Talks to Lease Office Campus in Dublin

Facebook Is Said to Be in Talks to Lease Office Campus in Dublin

9 Feb 2018 comment

Facebook plans to lease an office campus in Dublin as it continues to expand, according to Bloomberg, citing a person with knowledge of the matter.

Twitter Soars After Surprise Sales Gain

Twitter Soars After Surprise Sales Gain

9 Feb 2018 comment

Twitter soared the most since its market debut in 2013 after it posted the first revenue growth in four quarters, driven by improvements to its app and added video content that are persuading advertisers to boost spending on the social network, according to Bloomberg.

Nvidia Projects Sales Topping Estimates on AI and Gaming Demand

Nvidia Projects Sales Topping Estimates on AI and Gaming Demand

9 Feb 2018 comment

Nvidia said demand for graphics chips from its main video gaming market, cryptocurrency miners and data-center owners propelled sales higher than projected in the current quarter, according to Bloomberg.

Qualcomm Rejects Broadcom's Higher $121 Billion Hostile Bid

Qualcomm Rejects Broadcom's Higher $121 Billion Hostile Bid

9 Feb 2018 comment

Qualcomm’s board unanimously rejected a higher acquisition offer from Broadcom, likely leaving the future of the hostile $121 billion proposal to be decided by shareholders next month, according to Bloomberg.

Merkel Seeks 12 Billion Euros Fiber Internet Buildout

Merkel Seeks 12 Billion Euros Fiber Internet Buildout

8 Feb 2018 comment

Chancellor Angela Merkel’s coalition wants to spend as much as 12 billion euros modernizing the nation’s broadband network with fiberoptic cables to boost internet speeds, according to Bloomberg.

Apple HomePod Praised for Sound But Panned for Siri Integration

Apple HomePod Praised for Sound But Panned for Siri Integration

8 Feb 2018 comment

Apple’s new HomePod speaker was praised by early reviewers for its audio quality but panned for its integration with the company’s Siri digital assistant, according to Bloomberg.