Business

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.

Airbnb Said to Turn a Profit, Expects Earnings This Year

Airbnb Said to Turn a Profit, Expects Earnings This Year

30 Jan 2017 comment

Airbnb became profitable for the first time during the second half of 2016, according to people close to the company. Bloomberg reports that the home and apartment-rental company anticipates it will maintain profitability in 2017 before interest, taxes and amortization, said the people, who asked not to be identified discussing the private company’s earnings.

Microsoft Veteran Will Help Run Chinese Baidu

Microsoft Veteran Will Help Run Chinese Baidu

29 Jan 2017 comment

Baidu has appointed former Microsoft executive Qi Lu its group president and COO, granting the software industry veteran oversight over all aspects of the Chinese search giant’s business from sales to technology development, according to Bloomberg.

Uber Tops Business Travelers Spending For Gruound Transport

Uber Tops Business Travelers Spending For Gruound Transport

29 Jan 2017 comment

Uber increased its popularity among business travelers last year while use of rental cars and other traditional ground transportation options declined, according to Bloomberg. Ride-hailing company accounted for 52 percent of total ground transportation transactions through Certify’s system last quarter, amassing a majority of the market for the first time.

Google Recalls Staff to U.S. After Trump Immigration Order

Google Recalls Staff to U.S. After Trump Immigration Order

29 Jan 2017 comment

Google delivered a sharp message to staff traveling overseas who may be impacted by a new executive order on immigration from President Donald Trump: Get back to the U.S. now. CEO Sundar Pichai slammed Trump’s move in a note to employees, telling them that more than 100 company staff are affected by the order, according to Bloomberg.

SK Hynix Profit Tops Estimates

SK Hynix Profit Tops Estimates

28 Jan 2017 comment

SK Hynix, a supplier of memory chips to Apple, posted fourth-quarter profit that topped analysts’ estimates as semiconductor prices surged on robust demand for bigger storage in mobile devices and computers, according to Bloomberg.

Musk Said to Float Idea of a Carbon Tax to Trump

Musk Said to Float Idea of a Carbon Tax to Trump

27 Jan 2017 comment

Tesla founder Elon Musk is pressing the Trump administration to adopt a tax on carbon emissions, raising the issue directly with President Donald Trump and U.S. business leaders at a White House meeting Monday regarding manufacturing, according to Bloomberg.

Adopting Best Practices Will Enhance Public Sector Digital Transformation

Adopting Best Practices Will Enhance Public Sector Digital Transformation

27 Jan 2017 comment

According to new IDC study European countries have starkly different levels of ICT spending, and the efficiency of this spending is increasingly being discussed, as the performance against various international egovernment benchmarks does not always correlate with the level of investment.

Samsung Embarks on Share Buyback

Samsung Embarks on Share Buyback

27 Jan 2017 comment

Samsung’s profit more than doubled in the last three months of 2016 on robust semiconductor sales and a recovery in its mobile business, giving it enough stamina to buy back 9.3 trillion won ($8 billion) of its own shares, according to Bloomberg.

Ant Financial Buys MoneyGram for $880 Million

Ant Financial Buys MoneyGram for $880 Million

27 Jan 2017 comment

Ant Financial, the Alibaba affiliate controlled by billionaire Jack Ma, is buying U.S. money-transfer service MoneyGram for $880 million, according to Bloomberg. The acquisition marks Ant’s first deal with a U.S.-listed company, as it begins to explore markets beyond a home arena it already dominates.

Verizon Exploring Possible Combination With Charter

Verizon Exploring Possible Combination With Charter

26 Jan 2017 comment

Verizon is exploring a combination with Charter, the Wall Street Journal reported, in a deal that would create a telecommunications and cable giant and vault the combined company past Comcast as the No. 1 internet provider in the U.S.

Ericsson Sales Exceed Estimates

Ericsson Sales Exceed Estimates

26 Jan 2017 comment

Ericsson reported higher fourth-quarter revenue than analysts predicted, offering some relief to new CEO Borje Ekholm as he tries to stabilize the Swedish wireless network maker, according to Bloomberg. The stock jumped as much as 7 percent after Ericsson said revenue fell 11 percent to 65.2 billion kronor ($7.4 billion).

CeBIT 2017 Starts in Eight Weeks Time

CeBIT 2017 Starts in Eight Weeks Time

26 Jan 2017 comment

In just eight weeks’ time, the gates will be opening on CeBIT 2017. The show will feature a wealth of disruptive technologies, new business models and application scenarios. In short, everything needed for the digital transformation of business and government.

Big Marketing Push Pays Off for Pixel Phone Over Holiday

Big Marketing Push Pays Off for Pixel Phone Over Holiday

26 Jan 2017 comment

Ads for Google's Pixel phone were everywhere this holiday: Splashed across glossy magazines, the front of the New York Times website and spinning on TV during National Football League games. That aggressive marketing push, according to Bloomberg, produced a decent debut quarter for the smartphone, the first high-end device Google made itself.

Sprint Buys 33% of Music Streaming Service Tidal

Sprint Buys 33% of Music Streaming Service Tidal

26 Jan 2017 comment

Sprint acquired a 33 percent stake in music-streaming service Tidal as the fourth-largest U.S. wireless carrier turns to media streaming to attract more customers with exclusive content, according to Bloomberg. Marcelo Claure, Sprint’s chief executive officer, will join the Tidal board and musician Jay Z will continue to run the business, according to a statement.

BT Plunges After Cutting Outlook

BT Plunges After Cutting Outlook

26 Jan 2017 comment

BT Group delivered a one-two blow to investors by disclosing deeper accounting errors at its Italian unit and cutting its outlook as the impact of Brexit works its way through government budgets, according to Bloomberg.

Cisco to Buy AppDynamics for $3.7 Billion

Cisco to Buy AppDynamics for $3.7 Billion

25 Jan 2017 comment

Cisco agreed to acquire AppDynamics for $3.7 billion, snapping up the fast-growing software maker just before it planned to go public, according to Bloomberg. With this acquisition Cisco will add AppDynamics’ software and services that help companies to monitor and fine-tune the performance of their own business systems. AppDynamics, based in San Francisco, was scheduled to price its initial public offering in this year’s first major U.S. technology IPO.

LG Display Said to Reach LCD Panel Supply Pact With Samsung

LG Display Said to Reach LCD Panel Supply Pact With Samsung

25 Jan 2017 comment

LG Display has scored a deal to supply television displays to rival Samsung from as soon as this year, according to Bloomberg. LG Display will replace a venture between Sharp and Foxconn as a supplier to the world’s biggest TV maker, said the people, who asked not to be identified because details of their agreement haven’t been released.

IDG and IDC sold to Chines Venture Firms

IDG and IDC sold to Chines Venture Firms

25 Jan 2017 comment

China Oceanwide Holdings Group and IDG Capital announced that they have entered into a definitive agreement to acquire International Data Group, including its subsidiaries International Data Corporation (IDC), IDG Communications, and IDG Ventures, and that they have received clearance from the Committee on Foreign Investment in the United States for the transaction.

Barra Leaves Xiaomi to Return to Silicon Valley

Barra Leaves Xiaomi to Return to Silicon Valley

25 Jan 2017 comment

Xiaomi’s international chief Hugo Barra has quit after a turbulent four years during which the Chinese smartphone maker rose to the top of its home market before local rivals mimicked its model and dethroned the brand, according to Bloomberg.

Foxconn Weighs $7 Billion U.S. Display Plant

Foxconn Weighs $7 Billion U.S. Display Plant

24 Jan 2017 comment

Foxconn is considering building a U.S. display-making facility for upwards of $7 billion, a major investment for Apple’s main manufacturer that may create tens of thousands of American jobs during President Donald Trump’s first year in office, according to Bloomberg.

Yahoo Says Sale to Verizon Delayed Until Second Quarter

Yahoo Says Sale to Verizon Delayed Until Second Quarter

24 Jan 2017 comment

Yahoo pushed back until the second quarter the expected completion of the sale of its main web operations to Verizon, saying it’s still working to meet closing conditions, according to Bloomberg. “The company is working expeditiously to close the transaction as soon as practicable,” Yahoo said in a statement.

Apple Sues Qualcomm Over Patent Royalties

Apple Sues Qualcomm Over Patent Royalties

24 Jan 2017 comment

Apple sued Qualcomm, accusing it of monopolizing the market for chips for wireless devices and withholding $1 billion in retaliation for cooperating with South Korean antitrust authorities, according to Bloomberg. Apple is demanding Qualcomm hand over money that was supposed to be a rebate for licensing fees.

Government Boosts Technical Education in U.K.

Government Boosts Technical Education in U.K.

23 Jan 2017 comment

U.K. Prime Minister Theresa May will plow 170 million pounds into setting up new technology institutes, placing scientific education at the heart of her drive to boost Britain’s productivity through a new industrial strategy unparalleled since the 1980s, according to Bloomberg.

Mobile Payment Market With Transaction Volume for 2015 Surging by 322.2%

Mobile Payment Market With Transaction Volume for 2015 Surging by 322.2%

23 Jan 2017 comment

Increasingly popular smartphone, further implementation of „Internet +“ program and continuous technological innovation have fueled the rapid growth of the Chinese mobile payment market with transaction volume for 2015 surging by 322.2% to RMB130.18 trillion and expected to maintain an AAGR of 142% over the next couple years to hit RMB13,776.5 trillion in 2020.

Global Internet of Things Security Market to Grow at an Impressive CAGR of 48% Through 2021

Global Internet of Things Security Market to Grow at an Impressive CAGR of 48% Through 2021

23 Jan 2017 comment

According to the latest market study released by Technavio, the global internet of things (IOT) security market is expected to grow at a CAGR of close to 48% during the forecast period.

Battery Design and Assembly Caused Note 7 Fires

Battery Design and Assembly Caused Note 7 Fires

23 Jan 2017 comment

In a presentation and news conference that lasted more than two hours, Samsung detailed the results of its investigation into Note 7 smartphones that overheated and burst into flames last year, according to Bloomberg. There were few surprises. While the company cited flaws in battery manufacturing and design for the fiasco, it took full legal responsibility and vowed never to let it happen again.

Apple Is Ready to Start Making iPhones in India

Apple Is Ready to Start Making iPhones in India

23 Jan 2017 comment

Apple is willing to start making iPhones in India, but it wants a big helping hand from Narendra Modi’s government first, according to Bloomberg. The company is scheduled to meet with officials in New Delhi this week to discuss the prospects for setting up manufacturing facilities in the country this year.

China Concerned About Foxconn U.S. Intentions

China Concerned About Foxconn U.S. Intentions

21 Jan 2017 comment

China’s government has conveyed its concern over Foxconn billionaire Terry Gou’s plan to expand the Apple assembler’s operations in the U.S. after President-elect Donald Trump takes office, according to Bloomberg. A high-ranking Chinese official recently expressed Beijing’s concerns directly to Gou, the people said, asking not to be identified because the conversation was private.

Data Breaches Hit Record in 2016

Data Breaches Hit Record in 2016

21 Jan 2017 comment

U.S. companies and government agencies suffered a record 1,093 data breaches last year, a 40 percent increase from 2015, according to the  Identity Theft Resource Center, Bloomberg reports. Headline-grabbing hacks, with victims ranging from Wendy’s to the Democratic National Committee, are increasing despite regulatory scrutiny and more aggressive cyber-security spending.