Business

Sony Forecasts Record Profit as Camera Chips and TVs Fuel Recovery

Sony Forecasts Record Profit as Camera Chips and TVs Fuel Recovery

1 Nov 2017 comment

Sony, which has staged a turnaround following a string of losses about a decade ago, increased its annual operating profit outlook to a record 630 billion yen ($5.6 billion) from 500 billion yen for the current fiscal year through March, according to Bloomberg.

Samsung Revamps Leadership as Earnings Fuel Investor Payouts

Samsung Revamps Leadership as Earnings Fuel Investor Payouts

1 Nov 2017 comment

Samsung has cleaned out its most senior executives just hours after posting record profit and doubling investor payouts, according to Bloomberg.

Nintendo Boosts Profit and Sales Outlook on Robust Switch Demand

Nintendo Boosts Profit and Sales Outlook on Robust Switch Demand

1 Nov 2017 comment

Nintendo’s Switch console is becoming a major pillar of its business. The company almost doubled its annual profit forecast after production of the hybrid console accelerated and customers bought more games than anticipated, according to Bloomberg.

Facebook Stumbles With Early Effort to Stamp Out Fake News

Facebook Stumbles With Early Effort to Stamp Out Fake News

31 Oct 2017 comment

Facebook’s strategy to stamp out fake news is struggling, according to Bloomberg. The company outsources the process to third-party fact checkers who can only tackle a small fraction of the bogus news that floods the social network, according to interviews with people involved in the process.

Batelic: User Experience Has a Far-reaching Impact, and GDPR Has Big Part In It

Batelic: User Experience Has a Far-reaching Impact, and GDPR Has Big Part In It

31 Oct 2017 comment

The costumer is the king, everybody knows this sales phrase, but today with all the social networks costumer comes in the focus, and the companies including telecommunication operators are becoming aware of that.

2017 Talent Unleashed Awards Finalists Announced

2017 Talent Unleashed Awards Finalists Announced

30 Oct 2017 comment

Talent has announced the finalists for the 2017 Talent Unleashed Awards, celebrating the world’s most ground-breaking startups, innovators and entrepreneurs.

IT Group Asks Regulators to Keep Their Hands Off AI

IT Group Asks Regulators to Keep Their Hands Off AI

30 Oct 2017 comment

A lobbying group representing top AI companies including Amazon, Facebook and Google issued a warning to lawmakers: hands off our algorithms, according to Bloomberg.

Nintendo Takes Animal Crossing to Phones in New Mobile Move

Nintendo Takes Animal Crossing to Phones in New Mobile Move

30 Oct 2017 comment

Nintendo has made its biggest move in mobile gaming so far with plans to add Animal Crossing: Pocket Camp as its third smartphone title, according to Bloomberg.

Google Ad Surge and YouTube Optimism Send Alphabet Shares Up

Google Ad Surge and YouTube Optimism Send Alphabet Shares Up

29 Oct 2017 comment

Alphabet beat projections for third-quarter sales and earnings after a surge in Google ad volume helped the web-search giant shrug off concerns about regulatory scrutiny and an expensive foray into hardware, according to Bloomberg.

Saudis Are Talking to Amazon and Alibaba Over New City

Saudis Are Talking to Amazon and Alibaba Over New City

29 Oct 2017 comment

Crown Prince Mohammed bin Salman said Saudi Arabia is in talks with some of the world’s biggest companies to develop technologies that will power life in the $500 billion city he’s planning to build on the Red Sea, according to Bloomberg.

Rival Cities Hong Kong and Singapore Join Forces for Fintech

Rival Cities Hong Kong and Singapore Join Forces for Fintech

29 Oct 2017 comment

Hong Kong and Singapore, which have vied for supremacy as financial technology hubs over the past couple of years, have now decided to join forces, according to Bloomberg.

Amazon Tops Sales Estimates on Subscribers and Whole Foods

Amazon Tops Sales Estimates on Subscribers and Whole Foods

29 Oct 2017 comment

Amazon showed investors it can run grocery stores, churn out gadgets, expand its cloud-computing business and invest in new markets, all while selling more products online and managing expenses, according to Bloomberg.

Intel's Lingering Reliance on PCs Keeps Sales Growth Subdued

Intel's Lingering Reliance on PCs Keeps Sales Growth Subdued

28 Oct 2017 comment

Intel’s push into new products is helping bolster sales and earnings in the second half of the year, even as the chipmaker’s dependence on the lackluster personal-computer and server markets is keeping growth in check, according to Bloomberg.

Amazon Receives 238 Proposals for HQ2 Across North America

Amazon Receives 238 Proposals for HQ2 Across North America

28 Oct 2017 comment

Amazon’s second headquarters, dubbed HQ2, has lured 238 proposals extending across 54 states, provinces, districts and territories in North America, according to Bloomberg.

Microsoft Cloud Push Gains Ground on Azure and Office 365

Microsoft Cloud Push Gains Ground on Azure and Office 365

28 Oct 2017 comment

Microsoft’s push into the cloud forged ahead last quarter, with demand for online versions of Office productivity software and the Azure web-services business bolstering sales and earnings, according to Bloomberg.

Twitter Bans Russia Today and Sputnik From Advertising

Twitter Bans Russia Today and Sputnik From Advertising

28 Oct 2017 comment

Twitter is banning advertising from all accounts owned by Russia Today and Sputnik effective immediately, after U.S. investigators concluded the Russian media companies attempted to interfere in the 2016 presidential election, according to Bloomberg.

Nokia Slumps After Predicting More Gloom for Network Makers

Nokia Slumps After Predicting More Gloom for Network Makers

27 Oct 2017 comment

The wait for a recovery in the wireless-network equipment business just got longer with Nokia’s dire third-quarter results, according to Bloomberg.

Amazon Will Deliver Packages Straight Into Living Room

Amazon Will Deliver Packages Straight Into Living Room

27 Oct 2017 comment

Amazon is going to start delivering packages not just to doorsteps, but inside homes as well, according to Bloomberg.

Twitter Shows Signs of Life With Renewed Sales and User Growth

Twitter Shows Signs of Life With Renewed Sales and User Growth

27 Oct 2017 comment

Twitter beat sales estimates and added more monthly users, indicating signs of life at the social network that has struggled to attract new consumers and advertisers, according to Bloomberg.

Combis Won EuroCloud Europe Award for Olive Manager

Combis Won EuroCloud Europe Award for Olive Manager

27 Oct 2017 comment

Combis's Olive Manager app has won the first place in the category of the best cloud services for vertical markets at the European EuroCloud Awards competition, which was held at the EuroCloud Forum 2017 in Brussels.

SK Hynix Profit Lags Estimates on Higher Chip Investment

SK Hynix Profit Lags Estimates on Higher Chip Investment

27 Oct 2017 comment

SK Hynix posted third-quarter earnings that fell short of analyst estimates after boosting investment in production to capture a rally in memory chip prices, according to Bloomberg.

AMD Projects Disappointing Revenue Amid New Product Launches

AMD Projects Disappointing Revenue Amid New Product Launches

26 Oct 2017 comment

AMD’s new products are giving sales a boost but it is not big enough to help profitability and satisfy investors after the stock increased almost fourfold last year, according to Bloomberg.

Facebook Risks EU-Wide Privacy Fights After Setback at Top Court

Facebook Risks EU-Wide Privacy Fights After Setback at Top Court

25 Oct 2017 comment

Facebook could be in the firing line of data privacy regulators across the EU if the bloc’s top court follows the opinion of an adviser who said the social media giant may be policed by authorities in the country where users are based, according to Bloomberg.

FOX Networks Group Selects Ericsson for Broadcast Services

FOX Networks Group Selects Ericsson for Broadcast Services

25 Oct 2017 comment

Ericsson has signed an exclusive multi-year contract with FOX Networks Group Middle East to provide playout, media management and global distribution services for three new HD channels. The new channels, FOX Crime, FOX Life and FOX Rewayat, launched last month and are broadcast 24 hours a day from Ericsson’s broadcast and media services hub in Abu Dhabi.

Bitcoin Retreats as Another Cryptocurrency Offshoot Appears

Bitcoin Retreats as Another Cryptocurrency Offshoot Appears

25 Oct 2017 comment

A new iteration of the most popular cryptocurrency bitcoin has been formed after some developers split the blockchain, according to Bloomberg. Called bitcoin gold, the offshoot comes less than three months after bitcoin cash was created.

Toshiba Shareholders Approve Chip Unit Sale and Board Appointments

Toshiba Shareholders Approve Chip Unit Sale and Board Appointments

25 Oct 2017 comment

Toshiba investors approved the sale of its memory chip unit and backed the appointment of new board members over the objections of proxy advisers, according to Bloomberg.

iPhone X Shipments to Be Half of Forecast, Nikkei Reports

iPhone X Shipments to Be Half of Forecast, Nikkei Reports

24 Oct 2017 comment

Initial shipments of Apple’s new iPhone X will total 20 million units this year, Japanese news service Nikkei reported, without saying how it got the information, according to Bloomberg.

Toshiba Sees 110 Billion Yen Loss on Tax Impact of Chip Sale

Toshiba Sees 110 Billion Yen Loss on Tax Impact of Chip Sale

24 Oct 2017 comment

Toshiba forecast an annual net loss of 110 billion yen ($968 million) on the tax impact of selling its memory chip division to a group led by Bain Capital, according to Bloomberg.

TSMC Foresees Double-Digit Sales Growth as iPhone X Hits Shelves

TSMC Foresees Double-Digit Sales Growth as iPhone X Hits Shelves

23 Oct 2017 comment

TSMC forecast 11 to 12 percent growth in revenue in the holiday quarter, when Apple’s much-anticipated iPhone X goes on sale, according to Bloomberg.