Business

Bezos Disrupts Another Frontier With Just One Tweet

Bezos Disrupts Another Frontier With Just One Tweet

22 Jun 2017 comment

Amazon’s Jeff Bezos has remained largely invisible in the world of philanthropy. That changed last week in a single tweet, according to Bloomberg.

Red Hat Reports First Quarter Results for Fiscal Year 2018

Red Hat Reports First Quarter Results for Fiscal Year 2018

22 Jun 2017 comment

Red Hat announced financial results for the first quarter of fiscal year 2018 ended May 31, 2017. Total revenue for the quarter was $677 million, up 19% in USD year-over-year, or 20% measured in constant currency.

Toshiba Picks Bain-Japan Group as Preferred Chip Unit Buyers

Toshiba Picks Bain-Japan Group as Preferred Chip Unit Buyers

21 Jun 2017 comment

Toshiba picked a group led by Bain Capital and Japanese investors as the preferred bidders for its memory chip business, bringing much needed cash into the Japanese company to make up for losses in its nuclear operations, according to Bloomberg.

Uber CEO Travis Kalanick Quits Under Pressure From Investors

Uber CEO Travis Kalanick Quits Under Pressure From Investors

21 Jun 2017 comment

Uber CEO Travis Kalanick has resigned after a series of controversies that rocked the world’s largest technology startup and exposed deep problems with its male-dominated culture, according to Bloomberg.

CNN to Invest $40 Million in Its Video Startup Great Big Story

CNN to Invest $40 Million in Its Video Startup Great Big Story

21 Jun 2017 comment

One of the biggest news networks in the world CNN will invest $40 million over the next two years in Great Big Story, transforming the in-house social video startup into a 24-hour streaming channel, according to Bloomberg.

Google Says It Will Do More to Suppress Terrorist Propaganda

Google Says It Will Do More to Suppress Terrorist Propaganda

20 Jun 2017 comment

Google says it is creating new policies and practices to suppress terrorism-related videos, a response to U.K. lawmakers who have said the internet is a petri dish for radical ideology, according to Bloomberg.

Big Names Descend on White House for Trump's Technology Summit

Big Names Descend on White House for Trump's Technology Summit

20 Jun 2017 comment

American president Donald Trump promised “sweeping transformation” in the federal government’s use of technology as he welcomed top executives from many of the world’s largest tech companies to the White House, according to Bloomberg.

Big school of GDPR by ICTbusiness portal and Ostendo Consulting

Big school of GDPR by ICTbusiness portal and Ostendo Consulting

20 Jun 2017 comment

In order to make the knowledge required to comply with the GDPR requirements as available as possible, ICT business portal, in co-operation with Ostendo Consulting, starts the Big School of GDPR.

Toshiba Board and CEO Blasted by Glass Lewis for Poor Governance

Toshiba Board and CEO Blasted by Glass Lewis for Poor Governance

20 Jun 2017 comment

Proxy adviser Glass Lewis blasted Toshiba’s board for poor governance amid repeated scandals and recommended investors vote against all directors at the company’s shareholders meeting later this month, according to Bloomberg.

Amazon to Buy Whole Foods for $13.7 Billion

Amazon to Buy Whole Foods for $13.7 Billion

19 Jun 2017 comment

Amazon will acquire Whole Foods for $13.7 billion, a bombshell of a deal that catapults the e-commerce giant into hundreds of physical stores and fulfills a long-held goal of selling more groceries, according to Bloomberg.

Economic Uncertainty Levels Have Hit an All-time High

Economic Uncertainty Levels Have Hit an All-time High

19 Jun 2017 comment

The current political and economic climate has contributed to some of the highest levels of uncertainty seen for decades, say PwC economists in their latest Global Economy Watch.

Vivendi Is Said to Target Hostile Bid for Ubisoft by Year-End

Vivendi Is Said to Target Hostile Bid for Ubisoft by Year-End

19 Jun 2017 comment

Vivendi is considering making a bid for Ubisoft by the end of this year as the French media giant presses for a deal despite resistance from the game maker’s founding family, according to Bloomberg, citing people familiar with the plans.

Nintendo Reveals New Games to Build on Switch's Strength

Nintendo Reveals New Games to Build on Switch's Strength

18 Jun 2017 comment

Nintendo announced a slate of new titles for its new hybrid console Switch, moving to capitalize on early excitement for its newest video-game system, according to Bloomberg.

Banks Roll Out Faster P2P Payments With Zelle

Banks Roll Out Faster P2P Payments With Zelle

18 Jun 2017 comment

A coalition of financial firms across the U.S. is finally ready to instantly beam your cash to friends, family and businesses, according to Bloomberg.

Offshore Tax Plan May Mean Perk for Apple and Other American Companies

Offshore Tax Plan May Mean Perk for Apple and Other American Companies

17 Jun 2017 comment

Multinationals are in line for a windfall from President Donald Trump’s call to cut the tax rate on U.S. companies’ stockpiled overseas earnings, but a select few would do better than others, according to Bloomberg.

Pirate Bay's Content Treasure Trove in Peril After EU Ruling

Pirate Bay's Content Treasure Trove in Peril After EU Ruling

17 Jun 2017 comment

The Pirate Bay, one of the last surviving file-sharing websites, is in peril after judges at the European Union’s top court warned that giving users free access to a trove of Hollywood movies, TV shows and music risks breaking the law, according to Bloomberg.

Slack Draws Interest From Amazon

Slack Draws Interest From Amazon

17 Jun 2017 comment

Corporate chatroom startup Slack has received recent inquiries about a potential takeover from technology companies including Amazon, a deal that would be the biggest ever for the internet-commerce giant, according to Bloomberg.

Bain and INCJ Said to Offer $19 Billion for Toshiba Chip Unit

Bain and INCJ Said to Offer $19 Billion for Toshiba Chip Unit

16 Jun 2017 comment

A group led by Bain Capital and Japanese investors has offered about 2.1 trillion yen ($19 billion) for Toshiba’s semiconductor division, emerging as a leading bidder in the hotly contested auction, according to Bloomberg, citing people familiar with the matter.

Comments Welcome at N.Y. Times, With Troll-Blocking Tech Tool

Comments Welcome at N.Y. Times, With Troll-Blocking Tech Tool

16 Jun 2017 comment

The New York Times is using Alphabet's technology to let online readers comment on more stories, betting that machine-learning software will make it easier to encourage civil debate while avoiding insults, abuse and trolling, according to Bloomberg.

Google Gets Boost in Fight Over 1.12 Billion Euro French Tax Bill

Google Gets Boost in Fight Over 1.12 Billion Euro French Tax Bill

15 Jun 2017 comment

Google should be let off the hook from a 1.12 billion-euro tax recovery order in France even though fiscal authorities in the country are seeking to recoup that amount, according to Bloomberg, citing an adviser at the Paris administrative court.

Thirteen Weeks Into Samsung Bribes Trial, There's No Smoking Gun

Thirteen Weeks Into Samsung Bribes Trial, There's No Smoking Gun

14 Jun 2017 comment

The trial of Jay Y. Lee, heir to the Samsung Group empire, has featured thousands of pages of documents and hundreds of hours of testimony from dozens of witnesses. But, according to Bloomberg, experts say one thing is missing: a smoking gun.

U.S. Seeking Ways to Head Off Full Laptop Ban on Airline Flights

U.S. Seeking Ways to Head Off Full Laptop Ban on Airline Flights

14 Jun 2017 comment

Enhancements in the way airports outside the U.S. conduct screening may be enough to head off a ban on large electronic devices slated to cover broad areas of Europe and other regions, an official said, according to Bloomberg.

May and Macron Consider Fining Tech Companies in Terror Fight

May and Macron Consider Fining Tech Companies in Terror Fight

14 Jun 2017 comment

U.K. Prime Minister Theresa May and French President Emmanuel Macron plan to lead a joint crackdown on technology companies that fail to remove terrorism-related content, including fines, according to Bloomberg.

Uber CEO to Take Leave, Diminished Role After Workplace Scandals

Uber CEO to Take Leave, Diminished Role After Workplace Scandals

14 Jun 2017 comment

Uber CEO Travis Kalanick told staff he plans to take a leave of absence, without disclosing a return date, according to Bloomberg.

Microsoft Wins Xbox Class-Action Fight at U.S. Supreme Court

Microsoft Wins Xbox Class-Action Fight at U.S. Supreme Court

13 Jun 2017 comment

Companies won a new procedural tool in class-action litigation as the U.S. Supreme Court sided with Microsoft in a lawsuit centering on its Xbox consoles, according to Bloomberg.

Microsoft Aims Xbox One X at Hardcore Gamers for Holidays

Microsoft Aims Xbox One X at Hardcore Gamers for Holidays

13 Jun 2017 comment

Microsoft announced a worldwide release date of Nov. 7 for what the company said will be its smallest and most powerful video-game console ever, the Xbox One X, according to Bloomberg.

Google Execs Hunker Down for Fight With EU

Google Execs Hunker Down for Fight With EU

12 Jun 2017 comment

As European Union officials count the days before their annual vacation, Google’s lawyers and lobbyists are hunkering down in Brussels, preparing for what may be a record EU antitrust fine, according to Bloomberg.

Uber to Add Independent Director

Uber to Add Independent Director

12 Jun 2017 comment

As Uber looks to address a series of management and cultural failings, the company plans to appoint Wan Ling Martello, an executive vice president at Nestle, to the board, according to Bloomberg, citing people familiar with the matter.

Verizon Said to Cut About 2,100 Jobs in Merger of Yahoo With AOL

Verizon Said to Cut About 2,100 Jobs in Merger of Yahoo With AOL

12 Jun 2017 comment

Verizon plans to cut about 2,100 jobs after completing its $4.48 billion acquisition of Yahoo’s internet business and combining it with AOL, according to Bloomberg, citing a person familiar with the matter.

Paris Opera House on the Hunt for Startups and Geeks

Paris Opera House on the Hunt for Startups and Geeks

11 Jun 2017 comment

The Paris Opera is opening its opulent 19th-century palace to startups as it seeks technology partnerships to help expand its audience and attract newcomers to the classical stage, according to Bloomberg.