Business

Tesla Projects End to Cash-Burning Era as Model 3 Gains Traction

Tesla Projects End to Cash-Burning Era as Model 3 Gains Traction

3 May 2018 comment

Tesla forecast that it’ll generate cash in the second half of this year as production of Elon Musk’s critical Model 3 gains traction, according to Bloomberg.

Facebook Plans a Dating Feature

Facebook Plans a Dating Feature

3 May 2018 comment

Facebook announced it’s rolling out a new dating feature, sending shares in matchmaking app company Match and its owner IAC/InterActive plunging, according to Bloomberg.

Uber Makes Progress in Bid to Appease London Regulator

Uber Makes Progress in Bid to Appease London Regulator

3 May 2018 comment

Uber is making progress in its bid to appease London’s transport regulator ahead of a critical court battle over its license to operate in the city, according to Bloomberg.

Sony Drops Most in Nearly Two Years on Cooling Smartphone Demand

Sony Drops Most in Nearly Two Years on Cooling Smartphone Demand

3 May 2018 comment

Sony shares fell the most in almost two years after the electronics maker missed profit estimates and forecast weaker sales and operating profits across most of its business units, according to Bloomberg.

TSMC Plans to Spend $13.5 Billion Expanding Hsinchu Facility

TSMC Plans to Spend $13.5 Billion Expanding Hsinchu Facility

2 May 2018 comment

Taiwan Semiconductor Manufacturing, the world’s largest contract chipmaker, plans to invest NT$400 billion ($13.5 billion) expanding its Hsinchu production facility as it seeks to regain momentum amid a slowdown in the global smartphone market, according to Bloomberg.

ZTE Fails to Address U.S. Sanctions as It Says Earnings Surged

ZTE Fails to Address U.S. Sanctions as It Says Earnings Surged

2 May 2018 comment

ZTE reported its earnings have surged, without addressing the impact of U.S. sanctions that threaten to derail its crucial global expansion into next-generation telecoms networking, according to Bloomberg.

Twitter Inks More Than 30 Video Deals With Disney, NBC and Viacom

Twitter Inks More Than 30 Video Deals With Disney, NBC and Viacom

2 May 2018 comment

Twitter inked more than 30 deals with publishers including Walt Disney and NBCUniversal to beef up its video offerings with more news, entertainment and sports, according to Bloomberg.

Apple Tops Sales Estimates on Services Growth and iPhone Stability

Apple Tops Sales Estimates on Services Growth and iPhone Stability

2 May 2018 comment

Apple reported revenue and profit that beat analysts’ estimates and projected continued sales momentum, calming concern about demand for the iPhone, according to Bloomberg.

eBay Gives Disappointing Outlook, Highlighting Threat of Amazon

eBay Gives Disappointing Outlook, Highlighting Threat of Amazon

1 May 2018 comment

eBay gave a weak outlook for revenue growth in the current quarter, taking the shine off CEO Devin Wenig’s turn-around strategy, according to Bloomberg.

European Tech Tax Push by France Resisted as Global Deal Sought

European Tech Tax Push by France Resisted as Global Deal Sought

1 May 2018 comment

Europe’s plan to tax large digital companies hit resistance at a meeting of the bloc’s finance ministers as delegates tussled between a French-backed push for a quick regional agreement and calls for a global solution, according to Bloomberg.

Amazon More Than Doubles Credit Line as It Expands Globally

Amazon More Than Doubles Credit Line as It Expands Globally

30 Apr 2018 comment

Amazon is more than doubling its line of credit to $7 billion as it takes steps to fuel revenue growth, including building data centers, expanding internationally and producing original video content, according to Bloomberg.

PayPal Forecasts Growth, Easing Concerns Over Losing eBay

PayPal Forecasts Growth, Easing Concerns Over Losing eBay

30 Apr 2018 comment

PayPal reported earnings that beat analysts’ estimates in the first quarter and gave an optimistic forecast for the second, signaling that it’s weathering the loss of eBay as it continues to sign up new accounts, according to Bloomberg.

T-Mobile to Buy Sprint for $26.5 Billion in Bet on New Networks

T-Mobile to Buy Sprint for $26.5 Billion in Bet on New Networks

29 Apr 2018 comment

T-Mobile US Inc. agreed to acquire Sprint Corp. for $26.5 billion in stock, a wager that the carriers can team up to build a next-generation wireless network and get a jump on industry leaders Verizon Communications Inc. and AT&T Inc, according to Bloomberg.

Qualcomm Forecast Shows China Phone Market May Be Rebounding

Qualcomm Forecast Shows China Phone Market May Be Rebounding

29 Apr 2018 comment

Qualcomm gave a more positive outlook than analysts expected, sparking optimism that the Chinese smartphone market is showing signs of life, according to Bloomberg.

Facebook Sales Top Estimates, Fueled by Ads

Facebook Sales Top Estimates, Fueled by Ads

29 Apr 2018 comment

Facebook has been embroiled in one controversy after another, but ad sales are near records and users keep flocking to the social network, according to Bloomberg.

EU Is Weighing Whether Internet Services Are Essential

EU Is Weighing Whether Internet Services Are Essential

29 Apr 2018 comment

The European Union’s antitrust chief is weighing whether internet services are “essential” to modern life in the same way as electricity grids and telecommunications suppliers, according to Bloomberg.

Amazon Forecast Shows Internet Giant Can Grow Profitably

Amazon Forecast Shows Internet Giant Can Grow Profitably

29 Apr 2018 comment

Amazon reported larger profits in the first quarter than expected and forecast more of the same, delivered by its cloud-computing, subscription and advertising businesses, according to Bloomberg.

Apple's Shazam Buy Probed as EU Targets Music App's Data

Apple's Shazam Buy Probed as EU Targets Music App's Data

28 Apr 2018 comment

Apple’s takeover of music-identification service Shazam faces an extended European Union probe as antitrust regulators raised concerns that the iPhone maker could use the app’s data to lure customers to its own music service, according to Bloomberg.

Facebook Removes More ISIS Content by Actively Looking for It

Facebook Removes More ISIS Content by Actively Looking for It

28 Apr 2018 comment

Facebook said it was able to remove a larger amount of content from the Islamic State and al-Qaeda in the first quarter of 2018 by actively looking for it, according to Bloomberg.

T-Mobile Is Said to Move Toward Sprint Merger at $24 Billion

T-Mobile Is Said to Move Toward Sprint Merger at $24 Billion

28 Apr 2018 comment

T-Mobile US is advancing toward a long-awaited telecommunications union that would value merger partner Sprint at about $24 billion, according to Bloomberg, citing people with knowledge of the matter.

Microsoft Sales Top Estimates, Fueled by Strong Cloud Demand

Microsoft Sales Top Estimates, Fueled by Strong Cloud Demand

28 Apr 2018 comment

Microsoft exceeded analysts’ projections for fiscal third-quarter sales and profit, lifted by strong corporate demand for cloud-computing services, according to Bloomberg.

Intel Lifts Forecast as Data Chip Surge Cements its Top Spot

Intel Lifts Forecast as Data Chip Surge Cements its Top Spot

27 Apr 2018 comment

Intel said 2018 is looking better than expected thanks to strong demand for the chips that power cloud computing, according to Bloomberg.

Samsung Tops Profit Estimates, Warns of Weaker Phone Demand

Samsung Tops Profit Estimates, Warns of Weaker Phone Demand

27 Apr 2018 comment

Samsung beat analysts’ profit estimates on booming exports of memory chips, but warned of challenges in smartphone demand in the coming months, according to Bloomberg.

Huawei Probe Adds to U.S.-China Trade Tension Ahead of Talks

Huawei Probe Adds to U.S.-China Trade Tension Ahead of Talks

27 Apr 2018 comment

News of a broad U.S. investigation of Huawei over possible Iran sanctions violations adds to the tension over trade as senior U.S. officials head to China in the coming days in hopes of a deal, according to Bloomberg.

Your Company Is the Problem U.K. Lawmakers Tell Facebook CTO

Your Company Is the Problem U.K. Lawmakers Tell Facebook CTO

27 Apr 2018 comment

Tension and voices were high as Facebook CTO Mike Schroepfer was questioned by a U.K. parliamentary committee investigating the impact of social media on recent elections, according to Bloomberg.

China Cyberspies Mined Japan Firms for North Korea Secrets

China Cyberspies Mined Japan Firms for North Korea Secrets

26 Apr 2018 comment

Chinese hackers have targeted Japanese defense companies, possibly to get information on Tokyo’s policy toward resolving the North Korean nuclear impasse, according to Bloomberg.

Europe Wants a Robot Army to Challenge the U.S. and China on AI

Europe Wants a Robot Army to Challenge the U.S. and China on AI

26 Apr 2018 comment

At the Bristol Robotics Laboratory in southwest England, dozens of tiny metal machines were poised to dance over a shiny white surface in “swarming” experiments to track how they organize themselves and work together, according to Bloomberg.

Apple Takes Next Step Toward Paying EU 13 Billion Tax Demand

Apple Takes Next Step Toward Paying EU 13 Billion Tax Demand

26 Apr 2018 comment

Apple will start transferring billions of euros to Ireland within months, after reaching a deal on an account to hold the cash while it fights a European tax case, according to Bloomberg.

Facebook Publishes Content Removal Policies for the First Time

Facebook Publishes Content Removal Policies for the First Time

26 Apr 2018 comment

For the first time, Facebook is letting people know its specific rules for taking down content once it’s reported to the social network’s moderators, according to Bloomberg.

Google CEO Poised to Cash In $380 Million Award This Week

Google CEO Poised to Cash In $380 Million Award This Week

25 Apr 2018 comment

Google CEO Sundar Pichai is about to have a very big week, according to Bloomberg.