Business

Twitter Tumbles as Pace of Revenue Growth Slows

Twitter Tumbles as Pace of Revenue Growth Slows

10 Feb 2017 comment

Twitter tumbled the most in almost four months after quarterly revenue and a profit outlook missed analysts’ estimates, showing that efforts to woo more advertising have yet to pan out despite an effort to boost usage of its site, according to Bloomberg.

Nokia Buys Comptel for 347 Million Euros

Nokia Buys Comptel for 347 Million Euros

9 Feb 2017 comment

Nokia agreed to buy Comptel for 347 million euros to add technology that helps phone carriers manage their networks, part of a push into software and services as network-gear sales sputter, according to Bloomberg. Comptel shareholders will get 3.04 euros a share in cash, Nokia said in a statement.

Preparations For CE China in Shenzhen Run on High Speed

Preparations For CE China in Shenzhen Run on High Speed

9 Feb 2017 comment

Following its successful premiere in April last year, the second CE China is scheduled from 4 to 6 May 2017. CE China, a global IFA event, is designed to be China's premier trade show for consumer electronics and home appliances brands in China.

IBM to Train 25 Million Africans for Free

IBM to Train 25 Million Africans for Free

9 Feb 2017 comment

IBM is ramping up its digital-skills training program to accommodate as many as 25 million Africans in the next five years, looking toward building a future workforce on the continent, according to Bloomberg.

Note 7 Battery Supplier Has Fire at China Factory

Note 7 Battery Supplier Has Fire at China Factory

8 Feb 2017 comment

Samsung SDI, a supplier of batteries to explosion-prone Galaxy Note 7 smartphones, said a “minor fire” broke out at a plant in northern China but was quickly put out, according to Bloomberg.

Facebook Defends Hate-Post Rule in Germany

Facebook Defends Hate-Post Rule in Germany

8 Feb 2017 comment

Facebook told a German court that it can’t monitor all of its customers’ posts for racist language in a dispute over whether the company has to block a photo showing chancellor Angela Merkel and a refugee that has been misused in several hate-speech postings, according to Bloomberg.

IBM Grants Rometty Record Bonus for 2016

IBM Grants Rometty Record Bonus for 2016

8 Feb 2017 comment

IBM CEO Ginni Rometty got her biggest bonus as head of the company last year after the shares rose about 21 percent, the first annual gain in four years, according to Bloomberg.

SK Hynix Makes Bid to Buy Toshiba’s Microchip Business

SK Hynix Makes Bid to Buy Toshiba’s Microchip Business

7 Feb 2017 comment

South Korea’s SK Hynix has offered to buy a stake in Toshiba’s microchip business, as it seeks to expand its share of the global mobile and smart devices market, according to Bloomberg.

IDC Predicts Saudi ICT Market to Bounce Back in 2017 to $33.8 Billion

IDC Predicts Saudi ICT Market to Bounce Back in 2017 to $33.8 Billion

7 Feb 2017 comment

Saudi ICT market will rebound in 2017 to reach a value of $33.8 billion for the year, according to the latest insights presented by IDC. Hosting its annual 'IDC Predictions 2017' event at The Ritz-Carlton, Riyadh, the global technology research and consulting services firm said it expects Saudi Arabia's ICT market to grow 2.4% year on year in 2017, which represents a considerable improvement on the -5.1% downturn experienced in 2016.

Apple Said to Revive Efforts to Sell Used iPhones in India

Apple Said to Revive Efforts to Sell Used iPhones in India

7 Feb 2017 comment

Apple has put back on the table a request to sell used iPhones in India as it negotiates with the government for concessions to start production in the country, according to Bloomberg. The company has asked to bring in used iPhones to be refurbished and sold in India, saying it will have the manufacturing infrastructure needed to make them compliant with quality standards.

Facebook and Google Tackle Fake News in France

Facebook and Google Tackle Fake News in France

7 Feb 2017 comment

Facebook and Alphabet want to stop fake news from spreading in France as the country prepares for the presidential election in spring, with new fact-checking tools showing the Internet giants have learned lessons from the run-up to the U.S. race last year, according to Bloomberg.

97 Companies File Legal Brief Against Trump Immigration Order

97 Companies File Legal Brief Against Trump Immigration Order

6 Feb 2017 comment

Ninety-seven companies, from Apple to Zynga, filed an impassioned legal brief condemning President Donald Trump’s executive order on immigration, stepping up the industry’s growing opposition to the policy, according to Bloomberg.

ICTbusiness celebrates fourth anniversary

ICTbusiness celebrates fourth anniversary

6 Feb 2017 comment

It's been four years since ICTbusiness media project was launched. We started slowly this yet another media adventure, first with ICTbusiness.info portal, followed by the TV show ICTbusiness TV, aired at several local TV channels in Croatia.

Sony Cuts Outlook on Film Unit Writedown and Profit Decline

Sony Cuts Outlook on Film Unit Writedown and Profit Decline

6 Feb 2017 comment

Sony’s struggling movie division is weighing on the rest of the company, even as the PlayStation is booming and semiconductors show signs of a rebound, according to Bloomberg. The electronics and entertainment company cut its full-year profit forecast a second time in three months after posting quarterly earnings that missed estimates, following a 112 billion yen ($1 billion) charge against its film business that was unveiled last week.

Google Warns of New Rivals in Digital Assistants and Hardware

Google Warns of New Rivals in Digital Assistants and Hardware

4 Feb 2017 comment

Alphabet warned investors about a slew of new competitors, highlighting the company's broad expansion beyond its original Google search business, according to Bloomberg. The rivals are Apple, Netflix and Hulu, while highlighting risks from new businesses such as consumer hardware manufacturing, according to its latest annual report filed Friday with the U.S. Securities and Exchange Commission.

New Viber CEO Has Plan to Beat WhatsApp

New Viber CEO Has Plan to Beat WhatsApp

4 Feb 2017 comment

The newly named chief of Japanese retailer Rakuten’s messaging app Viber plans to quickly introduce new products to better compete with Facebook’s WhatsApp and Messenger as the market faces increasing regulation in the European Union, according to Bloomberg.

BT Board Jumps In to Purchase Stock

BT Board Jumps In to Purchase Stock

4 Feb 2017 comment

BT Group directors and their relatives bought more than $700,000 of its stock Monday and Tuesday, providing a vote of confidence in the former British telecommunications monopoly one week after it suffered a 21 percent drop, according to Bloomberg.

Amazon Forecast Sparks Investor Concern on Big Spending

Amazon Forecast Sparks Investor Concern on Big Spending

3 Feb 2017 comment

Amazon projected earnings for the current quarter that indicate stepped up spending on warehouses, movies and gadgets will continue this year at the expense of profits, according to Bloomberg. Operating income in the first quarter will be $250 million to $900 million, which is less than a year earlier even though revenue is forecast to increase as much as 23 percent to $35.8 billion.

Uber CEO Leaves Trumps Advisory Council

Uber CEO Leaves Trumps Advisory Council

3 Feb 2017 comment

Uber CEO Travis Kalanick is stepping down from President Donald Trump’s business advisory council after criticism from customers and drivers, according to Bloomberg. His participation on the council, along with more than a dozen other U.S. executives, prompted blow-back on social media after Trump’s controversial executive order on immigration.

Companies Said to Circulate Immigration Open Letter

Companies Said to Circulate Immigration Open Letter

3 Feb 2017 comment

U.S. companies including Facebook, Microsoft, Google, Apple and Amazon are circulating an open letter to President Donald Trump expressing concern about his recent order on immigration and offering help fixing it and other policies, according to Bloomberg.

Facebook Sales Top Estimates on Gains in Mobile Advertising

Facebook Sales Top Estimates on Gains in Mobile Advertising

3 Feb 2017 comment

Facebook’s fourth-quarter revenue climbed more than forecast, driven by advertisers’ continued push to reach consumers on mobile phones, according to Bloomberg. The world’s largest social-media company said sales jumped 51 percent to $8.81 billion, topping the $8.51 billion average analyst projection.

Amazon Plans to Build $1.5 Billion Air Hub Near Cincinnati

Amazon Plans to Build $1.5 Billion Air Hub Near Cincinnati

2 Feb 2017 comment

Amazon is building a new air hub near Cincinnati to support a growing fleet of planes that can move inventory around the U.S. so online shoppers get their orders quickly, according to Bloomberg. Amazon will invest $1.49 billion to build the facility on 900 acres at Cincinnati/Northern Kentucky International Airport, said Mindy Kershner, an airport spokeswoman.

Facebook Loses $500 Million Virtual Reality Headset Verdict

Facebook Loses $500 Million Virtual Reality Headset Verdict

2 Feb 2017 comment

The virtual reality headset maker that Facebook bought in 2014 for $2 billion used stolen technology, a jury said in awarding $500 million damages to ZeniMax, according to Bloomberg. Jurors in Dallas federal court sided with ZeniMax in its trade-secrets case over the Oculus Rift, the device that has put the social media giant at the forefront of the virtual reality boom.

SoFi Buys Mobile-Banking Startup Zenbanx for About $100 Million

SoFi Buys Mobile-Banking Startup Zenbanx for About $100 Million

2 Feb 2017 comment

Social Finance, the online lending company known as SoFi, is muscling further into the financial-services industry by acquiring mobile-banking startup Zenbanx, according to Bloomberg. SoFi is paying about $100 million in stock for Zenbanx’s technology, according to a person familiar with the agreement, which will serve as the framework for a new SoFi bank-account product that will offer services like checking and credit cards.

Facebook Hires Hugo Barra to Lead VR Efforts

Facebook Hires Hugo Barra to Lead VR Efforts

1 Feb 2017 comment

Facebook hired Hugo Barra to lead its virtual reality efforts just days after he quit Chinese smartphone maker Xiaomi, according to Bloomberg. Barra, who led Xiaomi’s international expansion, will now take on a different challenge as vice president of virtual reality.

Apple Sales Beat Estimates

Apple Sales Beat Estimates

1 Feb 2017 comment

Apple reported quarterly revenue that topped analyst projections, fueled by demand for the company’s latest and priciest iPhones, according to Bloomberg. Apple said sales rose 3.3 percent to $78.4 billion, with earnings of $3.36 a share in the three months through Dec. 31. Analysts forecast profit of $3.22 a share on revenue of $77.3 billion.

AmEx Joins JPMorgan, IBM in Hyperledger Blockchain Effort

AmEx Joins JPMorgan, IBM in Hyperledger Blockchain Effort

1 Feb 2017 comment

The biggest credit-card issuer by purchases, American Express, has signed on to the Hyperledger Project, a industry group of more than  100 members developing blockchain technology for corporate use, according to Bloomberg. The digital ledger known for underpinning bitcoin has potential to reshape the global financial system and other industries.

Kyocera and Its Subsidiaries Experienced Mixed Financial Results

Kyocera and Its Subsidiaries Experienced Mixed Financial Results

31 Jan 2017 comment

Kyocera Corporation announced its third-quarter financial results for the fiscal year ending March 31, 2017. The principal markets served by Kyocera Corporation and its subsidiaries experienced mixed results during this period.

Trump drafted an Executive Order Aimed at Work-visa Programs

Trump drafted an Executive Order Aimed at Work-visa Programs

30 Jan 2017 comment

President Donald Trump’s clash with Silicon Valley over immigration is about to become even more contentious, according to Bloomberg. After the new president banned refugees and travelers from seven predominantly Muslim countries, Google, Facebook, Salesforce, Microsoft and others railed against the move, saying it violated the country’s principles and risked disrupting its engine of innovation.

New IDC TechScape on IoT Analytics and AIM Technology

New IDC TechScape on IoT Analytics and AIM Technology

30 Jan 2017 comment

The Internet of Things (IoT) will substantially change the mix of enterprise analytics and information management (AIM) investments over the next 24 months to meet the scale, speed, flexibility and automation required to support sensor-based initiatives. A new report from IDC provides an assessment of 25 AIM technologies that support the IoT and provides guidance about maturity and adoption risk for each of the technologies.