Business

Deloitte Email Platform and Client Data Hit by Cyberattack

Deloitte Email Platform and Client Data Hit by Cyberattack

25 Sep 2017 comment

Following record results that flagged the growth of its cyber security business, Deloitte LLP has revealed that it has been successfully targeted by a cyberattack that let hackers access data from an internal email platform, according to Bloomberg.

Uber Regroups After London Setback as Lyft Signals Interest

Uber Regroups After London Setback as Lyft Signals Interest

25 Sep 2017 comment

Uber is prepared to make concessions to restore its revoked London taxi license, the Sunday Times reported, two days after the ride service said it would fight the suspension in court, according to Bloomberg.

DJI Proposes Systems For Managing And Monitoring Drone Traffic

DJI Proposes Systems For Managing And Monitoring Drone Traffic

25 Sep 2017 comment

DJI believes existing technology and local communication protocols can provide a robust system for managing and monitoring drone traffic, without requiring new equipment or a massive new database of all drone flights.

Ubisoft CEO Bets on Cloud and AI to Stay Ahead of Vivendi Threat

Ubisoft CEO Bets on Cloud and AI to Stay Ahead of Vivendi Threat

25 Sep 2017 comment

Ubisoft, the French video-game company that’s racked up the fifth-best performance among Stoxx 600 members this year, has a plan to keep revenue and profit growing if it can maintain its independence from French media giant Vivendi, according to Bloomberg.

Amazon to Create 2,000 Jobs in New Manhattan Office

Amazon to Create 2,000 Jobs in New Manhattan Office

25 Sep 2017 comment

Amazon is set to open a large new office in New York City and create 2,000 high-paying jobs, according to Bloomberg.

Facebook Plans Big Overhaul of Political Ads After Criticism

Facebook Plans Big Overhaul of Political Ads After Criticism

24 Sep 2017 comment

Facebook, under fire over Russia’s use of its social network to spread pre-election discord in the U.S. last year, pledged a sweeping overhaul of political advertising and said it will give Congress all the evidence it has on the campaigns, according to Bloomberg.

Google Subjected to Mercy of Rivals in European Antitrust Battle

Google Subjected to Mercy of Rivals in European Antitrust Battle

23 Sep 2017 comment

Google has one week to meet the deadline of an EU order to stop illegal conduct in the way it displays shopping results in search, according to Bloomberg.

Uber Losing Battle in London After Regulator Revokes License

Uber Losing Battle in London After Regulator Revokes License

23 Sep 2017 comment

Uber was struck with a stunning rebuke in London, where regulators revoked its license to operate and chastised its corporate culture, adding to the expansive list of controversies facing the beleaguered ride-hailing company, according to Bloomberg.

Hewlett Packard Enterprise Is Said to Plan About 5,000 Job Cuts

Hewlett Packard Enterprise Is Said to Plan About 5,000 Job Cuts

22 Sep 2017 comment

Hewlett Packard Enterprise is planning to cut about 10 percent of its staff, or at least 5,000 workers, according to Bloomberg, citing people familiar with the matter. It is a part of a broader effort to pare expenses as competition mounts.

Amazon Puts Alexa Voice Assistant on its New Tablet

Amazon Puts Alexa Voice Assistant on its New Tablet

22 Sep 2017 comment

Amazon debuted a new version of its Fire HD 10 tablet that has a high-definition screen for watching video, up to 64 GB of storage, a lower price and a mauch faster processor, according to Bloomberg.

Digital Duopoly to Remain Dominant in UK Ad Race

Digital Duopoly to Remain Dominant in UK Ad Race

22 Sep 2017 comment

Google and Facebook will continue to dominate the digital advertising landscape in the UK for at least the next several years, according to eMarketer’s latest forecast. The two tech companies combined will reap more than half (54%) of all UK digital ad revenues this year, totaling £6.30 billion.

Uber Goes on Rare Legal Offensive, Suing Ad Agency for Fraud

Uber Goes on Rare Legal Offensive, Suing Ad Agency for Fraud

22 Sep 2017 comment

Uber is taking advertising agency Fetch Media to court for click fraud, alleging that the firm improperly billed Uber for “fake” online ads and took credit for app downloads it had nothing to do with, according to Bloomberg.

Google Buys HTC Talent for $1.1 Billion to Spur Devices Push

Google Buys HTC Talent for $1.1 Billion to Spur Devices Push

21 Sep 2017 comment

Google agreed to buy part of HTC’s engineering and design teams for $1.1 billion, taking on a cadre of veterans that worked on the Pixel phone and could bolster its nascent hardware business, according to Bloomberg.

U.S. Tech Giants in EU Sights as Tax Clampdown Takes Shape

U.S. Tech Giants in EU Sights as Tax Clampdown Takes Shape

21 Sep 2017 comment

The European Commission outlined different options for taxing digital companies as the bloc seeks to raise money from an industry that it says provides less than it should to public coffers, according to Bloomberg.

Bitcoin is Likely to Split Again in November

Bitcoin is Likely to Split Again in November

21 Sep 2017 comment

Bitcoin is looking increasingly likely to splinter off again in November, creating a third version of the world’s largest cryptocurrency as miners and developers pursue separate visions to scale its rapidly growing marketplace, according to Bloomberg.

Microsoft Announces Quarterly Dividend and Changes to Board of Directors

Microsoft Announces Quarterly Dividend and Changes to Board of Directors

20 Sep 2017 comment

Microsoft announced that its board of directors declared a quarterly dividend of $0.42 per share, reflecting a 3 cent or 7.6 percent increase over the previous quarter’s dividend. It is payable Dec. 14 to shareholders of record on Nov. 16.

Bain-Led Group to Buy Toshiba Chip Unit in $18 Billion Deal

Bain-Led Group to Buy Toshiba Chip Unit in $18 Billion Deal

20 Sep 2017 comment

Toshiba’s board agreed to sell its flash memory chip unit to a group led by Bain Capital for 2 trillion yen ($18 billion), taking an important step toward ending a contentious bidding process that has stretched over eight months, according to Bloomberg.

Twitter Suspends 300,000 Accounts Tied to Terrorism in 2017

Twitter Suspends 300,000 Accounts Tied to Terrorism in 2017

20 Sep 2017 comment

Twitter, under pressure to combat online extremism, said that improving automation tools is helping them block accounts that promote terrorism and violence, according to Bloomberg.

Snap Removes Al Jazeera in Saudi Arabia Amid Qatar Tensions

Snap Removes Al Jazeera in Saudi Arabia Amid Qatar Tensions

20 Sep 2017 comment

Snap, owner of Snapchat, removed Qatar-based news service Al Jazeera from its platform in Saudi Arabia amid an ongoing feud between the gulf states, according to Bloomberg. Snap complies with the local laws in the countries where it operates, a spokeswoman for the company said.

Rimac Closes 30M EUR Investment With Camel Group

Rimac Closes 30M EUR Investment With Camel Group

20 Sep 2017 comment

Asia’s largest battery manufacturer – China-based Camel Group Ltd., has entered into a Subscription Agreement with Rimac Automobili, Greyp Bikes and their founder and CEO Mate Rimac concluding the single largest foreign direct investment in a Croatian technology company, according to statement from Rimac Automobili.

Slack Gets Slice of SoftBank’s $100 Billion Tech Bounty

Slack Gets Slice of SoftBank’s $100 Billion Tech Bounty

19 Sep 2017 comment

Slack closed a $250 million funding round led by SoftBank Group Corp.’s Vision Fund, giving it more ammunition for expansion in an increasingly competitive market for workplace messaging services, according to Bloomberg.

Google Shuffles Top Policy Team Amid Ongoing EU Antitrust Row

Google Shuffles Top Policy Team Amid Ongoing EU Antitrust Row

19 Sep 2017 comment

Caroline Atkinson, an experienced diplomat Google hired last year to steer its global policy efforts, is stepping aside from that management role, according to Bloomberg.

Cisco Chairman to Step Down From Board After 24 Years

Cisco Chairman to Step Down From Board After 24 Years

19 Sep 2017 comment

Cisco CEO Chuck Robbins will add the executive chairman role to his title, solidifying his position as he tries to remake the business that John Chambers built into one of the largest companies in the technology industry, according to Bloomberg.

Bitcoin Roars Back From Chinese-Regulation Spurred Swoon

Bitcoin Roars Back From Chinese-Regulation Spurred Swoon

19 Sep 2017 comment

Bitcoin has breached $4,000, soaring more than 20 percent from the lows reached Friday, as concern eases that a crackdown by Chinese regulators will hinder the growth of the alternative method of exchange, according to Bloomberg.

Facebook to Open New AI Lab in Montreal

Facebook to Open New AI Lab in Montreal

18 Sep 2017 comment

Facebook is opening its first artificial intelligence research lab in Canada and has chosen Montreal to house the project, according to Bloomberg.

Innovations should be encouraged

Innovations should be encouraged

18 Sep 2017 comment

In the digital economy, co-operation and innovation are key foundations for a successful business. To successfully manage today's business challenges and build a successful business in the future, SAP believes in collaboration between established companies that are in the process of digital transformation and small, innovative and fast-moving companies start-up’s full new ideas.

Alphabet Is Said to Consider Lyft Investment of About $1 Billion

Alphabet Is Said to Consider Lyft Investment of About $1 Billion

18 Sep 2017 comment

Alphabet has held conversations with Lyft about a potential investment in recent weeks, signalling strong support for Uber’s main U.S. competitor, according to Bloomberg, citing people familiar with the matter.

Toshiba Is Said to Aim for Chip Deal With Bain by Sept. 20

Toshiba Is Said to Aim for Chip Deal With Bain by Sept. 20

18 Sep 2017 comment

Toshiba is aiming to finalize a deal to sell its memory chips business to a group led by Bain Capital at a Sept. 20 board meeting, despite opposition from partner Western Digital, according to Bloomberg, citing people familiar with the matter.

AT&T Opens iPhone Price War With Buy-One-Get-One-Free Offer

AT&T Opens iPhone Price War With Buy-One-Get-One-Free Offer

17 Sep 2017 comment

After vowing to avoid a repeat of the blistering iPhone price war of last year, AT&T will fire the first shot offering a free iPhone with the purchase of another, for customers who also subscribe to its DirecTV satellite service, according to Bloomberg.

U.K. Subjects Fox to Wider Probe Over Sky Takeover

U.K. Subjects Fox to Wider Probe Over Sky Takeover

17 Sep 2017 comment

Rupert Murdoch faces months of fresh scrutiny over how he runs his media empire as U.K. authorities embark on a wider probe of 21st Century Fox’s 11.7 billion-pound pursuit of pay-TV company Sky, according to Bloomberg.