Business

The Classic Nokia 3310 Is Back, Along With New Smartphones

The Classic Nokia 3310 Is Back, Along With New Smartphones

27 Feb 2017 comment

Finnish company HMD Global unveiled a range of new phones, including a redesign of the classic Nokia 3310, in a bid to win back mobile consumers. Two new smartphones, the Nokia 3 and Nokia 5, are set to come to market in the second quarter.

Huawei and LG Present Their New Flagship Smartphones

Huawei and LG Present Their New Flagship Smartphones

27 Feb 2017 comment

Huawei and LG are angling to steal the show at this year’s Mobile World Congress. They're ushering in new smartphones that each hopes will fill a void created by the absence of a new handset from the usually dominant Samsung.

Toshiba Said to Seek At Least $8.8 Billion in Chip Stake Sale

Toshiba Said to Seek At Least $8.8 Billion in Chip Stake Sale

26 Feb 2017 comment

Toshiba is looking to raise at least 1 trillion yen ($8.8 billion) from the sale of its memory chip business and will aim to complete the transaction by March 2018, according to Bloomberg.

Facebook Said Near Deal for Expansion of European HQ

Facebook Said Near Deal for Expansion of European HQ

25 Feb 2017 comment

Facebook is close to a deal to lease an office building near Dublin’s International Financial Services Centre, according to Bloomberg citing three people with knowledge of the matter.

HP Sales Soar Past Estimates

HP Sales Soar Past Estimates

24 Feb 2017 comment

HP reported sales that surpassed estimates on firmer demand for computers and printers that are helping drive profitability, according to Bloomberg. Revenue rose 3.6 percent percent to $12.7 billion in the fiscal first quarter, the company said in a statement.

Microsoft Faces European Privacy Probes Over Windows 10

Microsoft Faces European Privacy Probes Over Windows 10

23 Feb 2017 comment

Microsoft faces a coordinated investigation by European privacy regulators after it failed to do enough to address their concerns about the collection and processing of user data with a series of changes to Windows 10 last month, according to Bloomberg.

Verizon, Yahoo Cut Merger Price by $350 Million

Verizon, Yahoo Cut Merger Price by $350 Million

22 Feb 2017 comment

Verizon will acquire Yahoo’s Internet properties at a $350 million discount after revelations of security breaches at the web company, according to Bloomberg. The acquisition, now valued at $4.48 billion in cash, is expected to close in the second quarter, the companies said in a statement.

Facebook Messenger Now Lets You Send Money

Facebook Messenger Now Lets You Send Money

22 Feb 2017 comment

International money transfer service TransferWise has announced an integration with Facebook’s Messenger that will let people set up foreign exchange transactions over the chat service, according to Bloomberg.

Samsung's Reputation Tanks Among Americans

Samsung's Reputation Tanks Among Americans

21 Feb 2017 comment

Samsung’s reputation among U.S. consumers crumbled after the Galaxy Note 7’s recall and eventual abolition unearthed flaws in the Korean company’s product safeguards, according to Bloomberg.

Hackers Shift Tactics After 2016 U.S. Election

Hackers Shift Tactics After 2016 U.S. Election

21 Feb 2017 comment

Bloomberg reports that hackers are shifting their tactics. Undeterred by tighter sanctions imposed on Russia by the U.S. in response to last year’s attacks, hackers are increasingly likely to leak altered information they steal from both individuals and companies, said Dmitri Alperovitch, CTO at CrowdStrike.

Airbnb Is Accelerating Dealmaking

Airbnb Is Accelerating Dealmaking

20 Feb 2017 comment

Airbnb is on a mission to be more than a home-sharing platform, according to Bloomberg. It wants to be a flight booker, an itinerary planner and a vacation-home manager.

Uber Takes Steps to Appease U.K. Drivers After Losing Pay Suit

Uber Takes Steps to Appease U.K. Drivers After Losing Pay Suit

19 Feb 2017 comment

Uber Technologies is adding options for drivers in the U.K., tweaking its app as the latest compromise aimed at appeasing chauffeurs in Europe, amid lawsuits and protests, according to Bloomberg.

Tesla Nears Record Stock Price

Tesla Nears Record Stock Price

19 Feb 2017 comment

For Tesla, there’s been little light shed on what the acquisition of money-losing SolarCity will mean to the bottom line. That hasn’t stopped its shares from nearing a record high, according to Bloomberg.

Hollande Requests Cyber Security Briefing on French Election

Hollande Requests Cyber Security Briefing on French Election

18 Feb 2017 comment

French President Francois Hollande requested a full briefing on what is being done to fend off cyber interference in the 2017 presidential race, according to Bloomberg.

Microsoft Raises U.K. Product Prices

Microsoft Raises U.K. Product Prices

18 Feb 2017 comment

Microsoft again hiked the price of some of its products following sterling’s decline in the wake of last year’s Brexit referendum, according to Bloomberg. Becoming the latest technology company to try to force the pound’s drop on to consumers, the company said it increased prices on software and laptops.

Samsung Heir Jay Y. Lee Arrested on Bribery Allegations

Samsung Heir Jay Y. Lee Arrested on Bribery Allegations

17 Feb 2017 comment

Samsung Group’s Jay Y. Lee was formally arrested this morning on allegations of bribery, perjury and embezzlement, an extraordinary step that jeopardizes the executive’s ascent to the top role at the world’s biggest smartphone maker, according to Bloomberg.

Verizon Said to Near Yahoo Deal at Lower Price

Verizon Said to Near Yahoo Deal at Lower Price

17 Feb 2017 comment

Verizon is close to a renegotiated deal for Yahoo’s internet properties that would reduce the price of the $4.8 billion agreement by about $250 million after the revelation of security breaches at the web company, according to Bloomberg.

Snap Said to Set IPO Valuation at as Much as $22.2 Billion

Snap Said to Set IPO Valuation at as Much as $22.2 Billion

16 Feb 2017 comment

Snap set the valuation on its initial public offering at between $19.5 billion and $22.2 billion in what could be the third-biggest technology offering of the past decade, according to Bloomberg. The maker of application Snapchat is valuing its shares at $14 to $16 on a diluted basis. It could be the biggest technology IPO since Alibaba raised a record $25 billion in 2014.

Lenovo Comes Up Short on Smartphones as PC Business Soldiers On

Lenovo Comes Up Short on Smartphones as PC Business Soldiers On

16 Feb 2017 comment

Lenovo’s mobile-phone business continues to shrink, while its PC division managed anaemic growth in the face of brutal holiday-season competition, according to Bloomberg. The world’s largest PC maker’s profit plummeted more than two thirds in the December quarter, missing analysts’ projections. Smartphone sales declined almost a quarter globally as Lenovo bled market share to rivals.

BlackBerry Files Patent-Infringement Suit Against Nokia

BlackBerry Files Patent-Infringement Suit Against Nokia

16 Feb 2017 comment

BlackBerry filed a patent-infringement lawsuit against Nokia, demanding royalties on the Finnish company’s mobile network products that use an industrywide technology standard, according to Bloomberg.

Apple Said to Mull China Supplier for Next-Gen iPhone Screen

Apple Said to Mull China Supplier for Next-Gen iPhone Screen

15 Feb 2017 comment

Apple is in discussions with China’s BOE Technology Group to supply next-generation displays for future iPhones, a key component that’s being provided by a Samsung Electronics unit, according to Bloomberg.

Toshiba Books $6.3 Billion Writedown, Chairman to Resign

Toshiba Books $6.3 Billion Writedown, Chairman to Resign

15 Feb 2017 comment

Toshiba says it expects to book a 712.5 billion yen ($6.3 billion) writedown in its nuclear power business, citing cost overruns at a U.S. unit and diminishing prospects for its atomic-energy operations. According to Bloomberg, Shigenori Shiga will step down as chairman of the conglomerate.

Apple Shares Hit Record Close on Optimism for Next iPhone

Apple Shares Hit Record Close on Optimism for Next iPhone

14 Feb 2017 comment

Apple shares hit a record on optimism the next iPhone will drive a resurgence in sales and help the company’s services businesses grow, according to Bloomberg. The stock climbed less than 1 percent to $133.29 at the close Monday in New York, the highest on record.

Pentagon Hires Hackers to Target Sensitive Internal Systems

Pentagon Hires Hackers to Target Sensitive Internal Systems

14 Feb 2017 comment

The Pentagon is paying hackers to test its key internal systems for vulnerabilities, and they are finding weaknesses faster than expected, according to Bloomberg.

Facebook Commits to Audit of Ad Metrics

Facebook Commits to Audit of Ad Metrics

13 Feb 2017 comment

Facebook agreed to submit to audits by the media industry’s measurement watchdog, the Media Rating Council, helping address concerns among some advertisers who had become skeptical of the social network’s metrics, according to Bloomberg.

Xiaomi Goes All-In On Retail to Revive Sales

Xiaomi Goes All-In On Retail to Revive Sales

13 Feb 2017 comment

After pioneering online flash sales in China to reach the top of the smartphone market, Xiaomi is turning to old-fashioned retail to arrest its slide, according to Bloomberg. The phonemaker will roll out a chain of about 1,000 brick-and-mortar stores under the Mi Home banner over the next three years. The new target accelerates plans outlined just last month to open 200 stores in 2017.

Huge Snapchat User Growth in UK

Huge Snapchat User Growth in UK

13 Feb 2017 comment

Snapchat’s UK user base experienced explosive growth of 89.8% in 2016, to 11.2 million users, according to eMarketer’s latest mobile usage forecast. Strong growth will continue, and this year, Snapchat will be used by 13.6 million people, representing 31.8% of all UK smartphone users.

Prosecutor Resummons Samsung Heir Jay Y. Lee

Prosecutor Resummons Samsung Heir Jay Y. Lee

13 Feb 2017 comment

A special prosecutor is again questioning Samsung’s Jay Y. Lee over allegations including bribery and embezzlement, potentially dealing another blow to South Korea’s biggest business empire, according to Bloomberg.

Twitter Plans to Hide Abusive Tweets and Block Repeat Offenders

Twitter Plans to Hide Abusive Tweets and Block Repeat Offenders

11 Feb 2017 comment

Twitter says it has come up with new ways to make abusive tweeters less effective: hiding their content and preventing banned users from creating new accounts, according to Bloomberg. The updates, detailed in a blog post, come after years of criticism that the company hasn’t done enough to combat abuse and harassment.

BT Europe Chief Sciolla Resigns

BT Europe Chief Sciolla Resigns

11 Feb 2017 comment

BT’s continental Europe chief Corrado Sciolla has resigned as the fallout from an accounting scandal at the British phone carrier’s Italian unit spreads, according to Bloomberg. Sciolla, who spent more than a decade at BT in roles including head of Italy, resigned to pursue other opportunities, BT said in an e-mail.