Business

Snapchat to Prepare Documents for IPO as Soon as March

Snapchat to Prepare Documents for IPO as Soon as March

8 Oct 2016 comment

Snapchat has begun preparing filings for an initial public offering and is aiming to sell shares in the first quarter of next year, according to people familiar with the matter, according to Bloomberg.

Lenovo and Fujitsu Discuss Merger of PC Businesses

Lenovo and Fujitsu Discuss Merger of PC Businesses

7 Oct 2016 comment

According to Bloomberg Lenovo Group is in talks with Fujitsu to merge their personal-computer businesses, with the Chinese manufacturer taking a majority stake in the venture, a person with knowledge of the matter said.

Bidders seem to be massively dropping out of race for Twitter takeover

Bidders seem to be massively dropping out of race for Twitter takeover

7 Oct 2016 comment

Google has reportedly pulled out of the potential bidding war for Twitter, causing the micro-blogging firm’s stock to dip as much as 15 percent in premarket trading today. Disney and Apple have also stepped out of the running, if, indeed either company was ever interested in the first place. Many of the reports floating around are based on speculation and unnamed sources.

Intel increases brand value on Interbrand’s best global brands list, Apple again tops the list

Intel increases brand value on Interbrand’s best global brands list, Apple again tops the list

7 Oct 2016 comment

For the second year in a row, Intel Corporation has increased its brand value by 4 percent and is ranked 14th on Interbrand’s 2016 Best Global Brands list. Interbrand’s annual ranking identifies the 100 best global brands by analyzing the many ways a brand benefits an organization.

Only all-in-one solutions will survive in the cloud

Only all-in-one solutions will survive in the cloud

7 Oct 2016 comment

Users and business digital footprint have expanded beyond the PC. Today they are looking for an all-in-one solution that they can trust and which integrates all business applications from on-premise to the cloud; hybrid cloud, object storage, active archives, said John Zanni, Acronis CMO.

Drone Startup Beating Amazon and Google in the Home Delivery Race

Drone Startup Beating Amazon and Google in the Home Delivery Race

6 Oct 2016 comment

More than two years ago, Amazon Chief Executive Officer Jeff Bezos spoke on 60 Minutes about delivering goods to homes with unmanned aircraft, or drones. But a little startup near Reno beat Amazon to the punch, according to Bloomberg.

Google Goes After iPhone Users With Pixel Smartphones

Google Goes After iPhone Users With Pixel Smartphones

5 Oct 2016 comment

Looking to finally enter the smartphone hardware business, Google is going after Apple, according to Bloomberg.

New player on the market TEX logistika –Tisak's new logistics platform

New player on the market TEX logistika –Tisak's new logistics platform

5 Oct 2016 comment

Tisak has made an important step forward in the logistics segment by opening its new and modern logistics distribution centre in u Sveta Nedelja. A total of 40,000 m² of warehouse space and 20,000 pallet spaces have enabled Tisak a sound base for implementing and launching its new logistics service entitled - TEX logistika.

Ericsson to Cut 3,000 Jobs in Sweden

Ericsson to Cut 3,000 Jobs in Sweden

5 Oct 2016 comment

According to Bloomberg Ericsson plans to cut 3,000 jobs in Sweden, a fifth of the workforce in its home country, as it curbs production to cope with shifting technology and stagnant demand for wireless-network equipment.

Salesforce is Buying Marketing Startup Krux for $700 Million

Salesforce is Buying Marketing Startup Krux for $700 Million

4 Oct 2016 comment

Salesforce is buying marketing-software startup Krux in a cash-and-stock deal estimated at about $700 million, the latest acquisition in a strategy to expand its products against growing competition from bigger rivals, according to Bloomberg.

IBM unveils a $200 million USD investment in new global HQ for its Watson IoT business in Munich

IBM unveils a $200 million USD investment in new global HQ for its Watson IoT business in Munich

4 Oct 2016 comment

IBM unveiled a $200 million USD investment in the new global headquarters for its Watson Internet of Things (IoT) business in Munich, new IoT capabilities around Blockchain and security and an array of clients that are driving real outcomes by using Watson IoT technologies to draw insights from billions of sensors embedded in machines, cars, drones, ball bearings, pieces of equipment and even hospitals.

Facebook Launches New Classified Advertising Service Marketplace

Facebook Launches New Classified Advertising Service Marketplace

4 Oct 2016 comment

Facebook has launched a new service to pit itself against online classified advertising services such as eBay and Craigslist. Known as Marketplace, the new Facebook service offers a new place to buy and sell items within your community.

IBM Announces Planned Acquisition of Promontory to Transform Regulatory Compliance with Watson

IBM Announces Planned Acquisition of Promontory to Transform Regulatory Compliance with Watson

4 Oct 2016 comment

IBM announced plans to acquire Promontory Financial Group, a global market-leading risk management and regulatory compliance consulting firm. Upon close, the capabilities of Promontory combined with IBM's deep industry expertise and Watson’s cognitive capabilities will directly address the massive operational effort and manual cost of escalating regulation and risk management requirements.

Sharp Could Supply OLED Screens for New iPhone

Sharp Could Supply OLED Screens for New iPhone

3 Oct 2016 comment

According to Bloomberg Apple is in negotiations with Sharp to secure organic LED displays for the iPhone maker’s next-generation of devices, a person familiar with the matter said.

Telefonica Might Open O2 IPO to Individual Investors

Telefonica Might Open O2 IPO to Individual Investors

3 Oct 2016 comment

After failing with an initial public offering of its infrastructure unit, Telefonica SA is likely to test investors’ appetite again with the sale of its U.K. mobile-phone business, only this time with a possible twist, according to Bloomberg.

Apple and Ireland Claim EU Kept Them in Dark About Tax Problem

Apple and Ireland Claim EU Kept Them in Dark About Tax Problem

2 Oct 2016 comment

Apple Inc. and Ireland are preparing appeals to argue that European Union competition investigators unfairly kept them in the dark during a probe that ended in a record 13 billion-euro ($14.6 billion) tax bill, people with knowledge of their case say, according to Bloomberg.

$200 Million Investments For Two Chinese Bike-Sharing Startups

$200 Million Investments For Two Chinese Bike-Sharing Startups

2 Oct 2016 comment

China’s two largest bike-sharing services both landed major investments within days of each other, one of them at an unprecedented $500 million valuation, according to Bloomberg.

Google Combines Cloud and Corporate Software Offerings

Google Combines Cloud and Corporate Software Offerings

1 Oct 2016 comment

Google repackaged its cloud services and corporate software and hardware offerings into a new unit called Google Cloud on Thursday, according to Bloomberg. This is their latest attempt to catch leaders in the sector Amazon.com Inc. and Microsoft Corp.

By 2020

By 2020 "Cloud Shift" will affect more than $1 trillion in IT spending

1 Oct 2016 comment

More than $1 trillion in IT spending will be directly or indirectly affected by the shift to cloud during the next five years, said Gartner. According to the new analysis this will make cloud computing one of the most disruptive forces of IT spending since the early days of the digital age.

Agrokor's Abrakadabra becomes an online bookstore

Agrokor's Abrakadabra becomes an online bookstore

1 Oct 2016 comment

Online web shop Abrakadabra.com, part of the biggest retailer in the region Agrokor, just starts to sell books online. With as many as 25 000 titles, in ti’s web shop, Abrakadabra.com everyone can find a book for themselves and others. Books are delivered free of charge to Tisak newsstands and Paketomats anywhere in Croatia. You can choose to pay with any credit card without interest, while you collect points on your MultiPlusCard with every purchase.

Telefonica's Rush to Save Telxius IPO

Telefonica's Rush to Save Telxius IPO

30 Sep 2016 comment

Telefonica SA is scrambling to rescue the initial public offering of infrastructure unit Telxius Telecom SA amid insufficient demand for the shares, according to people familiar with the matter, according to Bloomberg.

Uber’s Rival Seeks Up to $500 Million New Investments

Uber’s Rival Seeks Up to $500 Million New Investments

30 Sep 2016 comment

Careem FZ, a ride-sharing service that competes with Uber Technologies Inc. in the Middle East, is seeking as much as $500 million in new funding, according to people familiar with the matter, according to Bloomberg.

Samsung Apologizes for Confusion About Note 7 in China

Samsung Apologizes for Confusion About Note 7 in China

29 Sep 2016 comment

Samsung Electronics Co. apologized to Chinese customers after new complaints about combusting Note 7 smartphones spurred doubts about their safety, as outrage grows over its decision to exclude the country from a global recall, according to Bloomberg.

Indonesia Raids Google’s Jakarta Office for Tax Payment Data

Indonesia Raids Google’s Jakarta Office for Tax Payment Data

29 Sep 2016 comment

Bloomberg reports that Indonesian tax officials raided Google Inc.’s Jakarta office seeking data to back its allegations of unpaid taxes as the government steps up efforts to earn more revenue from internet companies, according to Bloomberg.

Worldwide IT spending will reach $2.7 Trillion in 2020

Worldwide IT spending will reach $2.7 Trillion in 2020

12 Sep 2016 comment

A newly published update to the Worldwide Semiannual IT Spending Guide: Vertical and Company Size from International Data Corporation (IDC) finds that worldwide revenues for information technology products and services will grow from nearly $2.4 trillion in 2016 to more than $2.7 trillion in 2020. This represents a compound annual growth rate (CAGR) of 3.3% for the 2015-2020 forecast period.

IDC: Worldwide spending on 3D printers surpass 35 billion USD in 2020

IDC: Worldwide spending on 3D printers surpass 35 billion USD in 2020

7 Sep 2016 comment

According to new IDC research worldwide spending on 3D printers will top 35,4 billion USD in 2020. This is more than double the $15.9 billion in revenues forecast for 2016 and represents a compound annual growth rate (CAGR) of 24.1% over the 2015-2020 forecast period.