Business

U.S. Bid to Build 5G Network Opposed by FCC Head and Wireless Lobby

U.S. Bid to Build 5G Network Opposed by FCC Head and Wireless Lobby

30 Jan 2018 comment

U.S. regulators and the wireless industry are pushing back against a plan under discussion by the Trump administration to build a secure 5G network, possibly with government control, amid concerns about China and cybersecurity, according to Bloomberg.

Twitter Rises on Renewed Sale Speculation and Citron Favor

Twitter Rises on Renewed Sale Speculation and Citron Favor

30 Jan 2018 comment

Twitter shares rose the most in five weeks on an endorsement from Citron Research and renewed speculation the social-media company may be an acquisition target, according to Bloomberg.

Apple Has Eight Years to Pay $38 Billion Tax Bill

Apple Has Eight Years to Pay $38 Billion Tax Bill

29 Jan 2018 comment

The eye-popping $38 billion tax bill that Apple said it plans to pay on its mammoth pile of accumulated foreign earnings will probably hit federal coffers in an eight-year trickle, not a one-time torrent, according to Bloomberg.

SK Hynix Exceeds Estimates on Resilient Memory Demand

SK Hynix Exceeds Estimates on Resilient Memory Demand

29 Jan 2018 comment

SK Hynix posted earnings that topped estimates, assuaging concerns about a slowdown in demand from smartphone makers, according to Bloomberg.

Bitcoin May Split 50 Times in 2018 as Forking Craze Mounts

Bitcoin May Split 50 Times in 2018 as Forking Craze Mounts

29 Jan 2018 comment

Bitcoin God arrived last month. Bitcoin Pizza was delivered in January. Bitcoin Private’s issuance date is... still a secret.

Verizon Sees $4 Billion Tax-Cut Boost Amid Wireless Woes

Verizon Sees $4 Billion Tax-Cut Boost Amid Wireless Woes

28 Jan 2018 comment

Verizon expects a massive windfall from U.S tax cuts to boost 2018 cash flow by $3.5 billion to $4 billion, giving the phone giant a lift during a challenging time, according to Bloomberg.

Microsoft Will Put Newest Xbox Games into Monthly Subscription

Microsoft Will Put Newest Xbox Games into Monthly Subscription

28 Jan 2018 comment

Microsoft will start adding new video games, including upcoming “Halo” and “Gears of War,” to a monthly subscription service it introduced last year in an effort to lure gamers from Sony and Nintendo, according to Bloomberg.

Apple Will Release Option to Disable Tool That Slowed Old iPhones

Apple Will Release Option to Disable Tool That Slowed Old iPhones

28 Jan 2018 comment

Apple plans to release a software update that will let users disable a function that slowed down older iPhones to preserve battery life, the company said, according to Bloomberg.

Intel Hits 17-Year High on Sales Outlook

Intel Hits 17-Year High on Sales Outlook

27 Jan 2018 comment

Intel surged to a 17-year high after giving an upbeat quarterly and annual sales forecast, signaling optimism that demand will persist even as the industry scrambles to fix vulnerabilities in its PC and server chips, according to Bloomberg.

Cryptocurrencies Drop After Japanese Exchange Halts Withdrawals

Cryptocurrencies Drop After Japanese Exchange Halts Withdrawals

27 Jan 2018 comment

Cryptocurrencies slumped after one of Japan’s biggest Bitcoin venues halted client withdrawals, spooking investors in a country that’s still wary of digital-token exchanges four years after the collapse of Mt. Gox, according to Bloomberg.

Uber CEO Targets Profitability by 2022

Uber CEO Targets Profitability by 2022

26 Jan 2018 comment

Uber will be profitable in three years as its ride-hailing business matures and the company reaps the rewards from investments in areas such as autonomous vehicles, said CEO Dara Khosrowshahi, according to Bloomberg.

American Express Changing Their EU Business Model, Most Famous Cards Go Into History

American Express Changing Their EU Business Model, Most Famous Cards Go Into History

26 Jan 2018 comment

As a result of the changed regulation, American Express will be discontinuing all of their bank licensing partnerships within the European Union, including Croatia,  over the next one to two years, and no new licenses will be issued.  This decision does not impact other American Express businesses. The decision to discontinue their bank licensing business applies to the European Economic Area, including Croatia.

Bosch Opens IoT Campus in Berlin

Bosch Opens IoT Campus in Berlin

26 Jan 2018 comment

Bosch is bringing together its global IoT activities at a new hub in the German capital.

Apple Says HomePod Will Go on Sale Friday After Brief Delay

Apple Says HomePod Will Go on Sale Friday After Brief Delay

25 Jan 2018 comment

Apple said its HomePod smart speaker will be available for sale online Friday and hit stores on Feb. 9, after being delayed from December, according to Bloomberg.

IBM and Salesforce Strengthen Strategic Partnership

IBM and Salesforce Strengthen Strategic Partnership

25 Jan 2018 comment

IBM and Salesforce announced an expansion of their strategic partnership, bringing together IBM Cloud and Watson services with Salesforce Quip and Salesforce Service Cloud Einstein to enable companies to connect with their customers and collaborate more effectively with deeper insights.

Google and Facebook Target Paris as a Center for AI Expansion

Google and Facebook Target Paris as a Center for AI Expansion

25 Jan 2018 comment

Paris is gaining ground as a European hub for artificial intelligence research as Google and Facebook pledge to hire staff and invest in labs, after their top executives met with French President Emmanuel Macron, according to Bloomberg.

Qualcomm Fined 997 Million Euros in EU Case

Qualcomm Fined 997 Million Euros in EU Case

25 Jan 2018 comment

Qualcomm must shell out 997 million euros in fines after the European Union’s antitrust arm said the payments were an illegal ploy to ensure only its chips were used in iPhones and iPads, according to Bloomberg.

Crypto Exchange BitFlyer Embraces Oversight the Market Fears

Crypto Exchange BitFlyer Embraces Oversight the Market Fears

24 Jan 2018 comment

BitFlyer, one of the world’s first cryptocurrency trading platforms, is embracing the regulation that the market fears is coming its way, according to Bloomberg.

South Korea Ranks No. 1 Again in Innovation Index

South Korea Ranks No. 1 Again in Innovation Index

24 Jan 2018 comment

The U.S. dropped out of the top 10 in the 2018 Bloomberg Innovation Index for the first time in the six years the gauge has been compiled. South Korea and Sweden retained their No. 1 and No. 2 rankings, according to Bloomberg.

Google and Tencent Agree to Share Patents in Global Tech Alliance

Google and Tencent Agree to Share Patents in Global Tech Alliance

24 Jan 2018 comment

Google and Tencent have agreed to share patents covering a range of products and technologies, an alliance between two of the world’s largest corporations, according to Bloomberg.

Facebook Says Social Media is Not Always Healthy for Democracy

Facebook Says Social Media is Not Always Healthy for Democracy

23 Jan 2018 comment

Facebook acknowledged that social media can have a negative impact on democracies, and that the company has more work to do in order to ensure that the good outweighs the bad, according to Bloomberg.

Netflix Value Tops $100 Billion

Netflix Value Tops $100 Billion

23 Jan 2018 comment

Netflix surged in late trading after a blow-out quarter, vaulting past $100 billion in market value for the first time, according to Bloomberg.

Google Faces First

Google Faces First "Right to Be Forgotten" Trial in U.K.

23 Jan 2018 comment

Google is set for its first battle in a London court over the so-called “right to be forgotten” in two cases that will test the boundaries between personal privacy and public interest.

Facebook Asks Users to Judge Trustworthiness of News Sources

Facebook Asks Users to Judge Trustworthiness of News Sources

22 Jan 2018 comment

Facebook, which is cutting the amount of news in its news feed, will prioritize information from the publishers that remain on the social network by measuring how trustworthy they are, according to Bloomberg.

Key Analyst Cuts iPhone X Estimates, Sees Production End in 2018

Key Analyst Cuts iPhone X Estimates, Sees Production End in 2018

22 Jan 2018 comment

A closely watched Apple analyst has whacked about 23 percent off his initial projections for iPhone X shipments, citing weak Chinese demand, according to Bloomberg.

TSMC Outlook Lags Estimates as Phone Slowdown Curbs Growth

TSMC Outlook Lags Estimates as Phone Slowdown Curbs Growth

22 Jan 2018 comment

TSMC forecast revenue that fell short of expectations, as waning smartphone sales in China and a strong local currency outweigh booming demand from cryptocurrency miners, according to Bloomberg.

Uber Limits U.K. Driver Hours in Response to Safety Concerns

Uber Limits U.K. Driver Hours in Response to Safety Concerns

22 Jan 2018 comment

Uber will begin limiting the time U.K. drivers can spend on the road to 10 hours a day, responding to regulatory health concerns about tiredness and exhaustion, according to Bloomberg.

Google Offers Online Course in Jobs Push Amid Concerns About AI

Google Offers Online Course in Jobs Push Amid Concerns About AI

21 Jan 2018 comment

Google is launching a new online education program to certify people for work in information technology support, part of the internet giant’s philanthropic push around job training, according to Bloomberg.

Amazon Narrows Field for Second Headquarters Location to 20

Amazon Narrows Field for Second Headquarters Location to 20

21 Jan 2018 comment

Amazon narrowed the field of cities for its proposed new headquarters to 20, with New York, Boston, Chicago, Miami, Toronto and Austin among the contenders, according to Bloomberg.

Nintendo Surprises With Cardboard Accessories for Switch

Nintendo Surprises With Cardboard Accessories for Switch

20 Jan 2018 comment

Nintendo surprised gamers and investors alike by unveiling new cardboard accessories which interact with games for its Switch console, according to Bloomberg.