Business

Rocket-Backed Coupon Site Partners With Daily Mail

Rocket-Backed Coupon Site Partners With Daily Mail

14 Nov 2016 comment

Rocket Internet backed Global Savings Group is partnering with the Daily Mail tabloid, bringing its discount-coupon service into the U.K in time for Black Friday and the Christmas shopping period, according to Bloomberg. The service will this month start its offerings on the website of Daily Mail and General Trust Plc’s flagship newspaper, Global Chief Operations Officer Johannes Wirth said Friday in a phone interview.

Facebook Shocks Users Marking Them as Dead

Facebook Shocks Users Marking Them as Dead

13 Nov 2016 comment

Facebook temporarily marked many of its users as dead on Friday, in a mysterious snafu the company hasn't yet explained, according to Bloomberg. Not even Chief Executive Officer Mark Zuckerberg was spared.

New Singles' Day Record for Alibaba

New Singles' Day Record for Alibaba

13 Nov 2016 comment

Alibaba managed to set another Singles’ Day record even as sales growth lagged last year’s, as the nation’s economic slowdown prompted consumers to throttle back, according to Bloomberg. Sales on its e-commerce platform climbed 32 percent to 120.7 billion yuan ($17.8 billion), easily topping last year’s total of 91.2 billion yuan. But that growth pace dwindled from last year’s 60 percent, a function of the scale that Chinese’s biggest shopping day has achieved as well as an economy expanding at its slowest pace in a quarter century.

Snapchat's $130 Video Glasses Fetch $1,000

Snapchat's $130 Video Glasses Fetch $1,000

12 Nov 2016 comment

Snap's plan for selling Spectacles depends largely on hype and scarcity, according to Bloomberg. The company began distributing the $130 Snapchat sunglasses, each with a built-in camera for shooting video, in a yellow pop-up vending machine on Thursday. The plan seems to be working: It's already going for as much as $1,000 a pop on EBay.

Zuckerberg Says Fake News Didn't Drive Election

Zuckerberg Says Fake News Didn't Drive Election

11 Nov 2016 comment

Facebook CEO Mark Zuckerberg rejected the idea that fake news on the social network influenced the U.S. presidential election and said echo-chambers aren't really a problem on the site, according to Bloomberg. The company co-founder was responding to criticism following Donald Trump's victory in the elections, from people who argued the company allowed false information to run rampant on its site and that its algorithm tended to amplify the voices people wanted to hear, instead of providing a full picture of what was going on.

Alibaba Tops Singles’ Day Record

Alibaba Tops Singles’ Day Record

11 Nov 2016 comment

Alibaba broke its Singles’ Day sales record with room to spare, offering assurances about the strength of the Chinese consumer despite the nation’s economic slowdown, according to Bloomberg. Sales on its e-commerce platform reached 102 billion yuan ($15 billion) shortly before 8 pm in China, easily topping last year’s total of 91.2 billion yuan with about four hours left to run.

Google Sees EU as a Threat to Android Giveaway Strategy

Google Sees EU as a Threat to Android Giveaway Strategy

11 Nov 2016 comment

Google’s strategy of giving away mobile-phone software will be at risk if European Union antitrust regulators order it to change distribution pacts with phone makers and telecom operators, according to Bloomberg. Google is telling the EU that the Android operating system "hasn’t hurt competition" when it’s installed on phones and tablets for free and under strict conditions, Google General Counsel Kent Walker said in the blog.

Russia to Block Access to LinkedIn

Russia to Block Access to LinkedIn

11 Nov 2016 comment

Access to LinkedIn will be blocked in Russia after the U.S. social network failed to move personal data storage to the country, according to Bloomberg. Conversely, services including Google, EBay, Booking.com and Uber have taken steps to move personal data storage to Russia, the country’s communications watchdog Roskomnadzor has said.

Alibaba’s U.S. Growth Ambitions at Risk After Trump Victory

Alibaba’s U.S. Growth Ambitions at Risk After Trump Victory

10 Nov 2016 comment

Chinese internet companies face a new reality after Donald Trump’s surprise victory as U.S. president-elect, and Alibaba Group Holding Ltd. has the most to lose, according to Bloomberg. On the campaign trail, Trump promised to upend global trade, saying that China is “ killing us” on trade policy and proposing tariffs on Chinese goods of as much as 45 percent.

GoPro Plummets After Recalling 2,500 Karma Drones

GoPro Plummets After Recalling 2,500 Karma Drones

10 Nov 2016 comment

GoPro shares tumbled as much as 10 percent after the company said it’s recalling about 2,500 of its new Karma drones, dealing another blow to already dim prospects for the holiday season, according to Bloomberg. In a “very small number of cases” GoPro drones bought since Oct. 23 lost power, the company said in a statement.

Trump Victory Shouldn’t Threaten Agreement on EU Privacy Shield

Trump Victory Shouldn’t Threaten Agreement on EU Privacy Shield

10 Nov 2016 comment

U.S. officials pledged their commitment to a trans-Atlantic data transfer pact that companies around the world depend on, as uncertainty grew over whether this would remain the case after Donald Trump’s victory in the U.S. presidential election, according to Bloomberg. “We have a real expectation that a new administration would come in and follow through on” what’s been done, Ted Dean, deputy assistant secretary for services at the U.S. Department of Commerce told a privacy conference in Brussels.

Ireland Set to Take Fight Over Apple Tax Bill to EU Court

Ireland Set to Take Fight Over Apple Tax Bill to EU Court

9 Nov 2016 comment

Irish Finance Minister Michael Noonan will  take his fight over Apple’s record 13 billion-euro tax bill to a European Union court, potentially triggering years of litigation, according to Bloomberg. The nation will file its appeal against the European Commission’s decision to force Ireland to claw back alleged tax subsidies, in a case that will test the EU’s powers to use state aid law in what governments argue are national affairs.

Ballmer’s Plan to Make America Great Involves Excel

Ballmer’s Plan to Make America Great Involves Excel

8 Nov 2016 comment

Steve Ballmer is pretty bummed out about the election, according to Bloomberg. A self-proclaimed "numbers guy," Ballmer said the truth is getting lost in the political rhetoric, and he wants to arm citizens with data to defend against lies by the campaigns. "Nobody seems to care about the facts," he said.

Croatian company Microblink is part of US presidential election with it’s real-time text recognition

Croatian company Microblink is part of US presidential election with it’s real-time text recognition

8 Nov 2016 comment

Microblink, the company known for innovative applications such as Photomath, has recorded another great success. Their solution blinkID was implemented for the US presidential election. The Croatian know-how will in thus contribute to this great event, which will affect the lives of many people.

Samsung Seeks Redemption With AI-Infused Galaxy S8

Samsung Seeks Redemption With AI-Infused Galaxy S8

8 Nov 2016 comment

Samsung plans to equip its next Galaxy S smartphones with a Siri-like digital assistant, seeking to make a comeback after the global debacle that precipitated the death of its flawed Note 7 lineup, according to Bloomberg. Samsung, which last month acquired U.S.-based artificial-intelligence software company Viv Labs, said the Galaxy S8 slated for next year will come with AI-enabled features “significantly differentiated” from those in the market, such as Apple’s Siri or Google.

China Adopts Controversial Cybersecurity Law

China Adopts Controversial Cybersecurity Law

7 Nov 2016 comment

China has green-lit a sweeping and controversial law that may grant Beijing unprecedented access to foreign companies’ technology and hamstring their operations in the world’s second-largest economy, according to Bloomberg. The Cyber Security Law was passed by the Standing Committee of the National People’s Congress, China’s top legislature, and will take effect in June.

Women in U.K. Tech Demand and Get Too Little Money

Women in U.K. Tech Demand and Get Too Little Money

7 Nov 2016 comment

A study of more than 10,000 employment offers by Hired show that women in U.K. technology jobs are offered less money than men at every level, making the size of the gender pay gap multiply as they advance, according to Bloomberg. The median U.K. salary for women in technology fields like software engineering was 9 percent less than that for men, according to the firm, a website focusing on technology jobs.

Samsung Recalls 2.8 Million Washing Machines in U.S.

Samsung Recalls 2.8 Million Washing Machines in U.S.

7 Nov 2016 comment

Samsung is recalling about 2.8 million washing machines in the U.S. amid reports that the top of the machine can become detached during use, according to Bloomberg. The recall comes about a month after the company said it is discussing potential safety issues with some of its washers with the U.S. Consumer Product Safety Commission.

Oettinger Apologizes for Speech That May Have ‘Hurt People’

Oettinger Apologizes for Speech That May Have ‘Hurt People’

6 Nov 2016 comment

European Union Digital Economy Commissioner Guenther Oettinger apologized for making comments about Chinese and other people that he said created “bad feelings”, according to Bloomberg. The conciliatory step by Oettinger, who is German Chancellor Angela Merkel’s appointee to the European Commission, aims to stem political fallout from a speech last week in Hamburg in which he reportedly referred to Chinese people as “slit eyes.”

TAG Heuer Opens Silicon Valley Office

TAG Heuer Opens Silicon Valley Office

6 Nov 2016 comment

TAG Heuer is opening an office in Silicon Valley, according to Bloomberg. This is the first time a big Swiss watchmaker has expanded into the cradle of the U.S. technology sector and cementing its smartwatch alliance with Google and Intel. The office, which opened Nov. 1 and is located on Intel’s campus in Santa Clara, California, will house about a dozen research and development employees, according to Chief Executive Officer Jean-Claude Biver.

Facebook Joins the Big League of Internet Spenders

Facebook Joins the Big League of Internet Spenders

5 Nov 2016 comment

Facebook has spent less than five years as a public company, yet its market value is already in the global big leagues. It's now also entering the big leagues of spending, a position that bears watching, according to Bloomberg. The three highest-spending operators of web and cloud computing services collectively dole out more than $20 billion in cash each year to buy computer equipment and run the digital data centers that are the engines of the world's internet hangouts. Facebook is joining this capital expenditure superpower team.

GoPro Plunges on Bleak Holiday Forecast and Production Issues

GoPro Plunges on Bleak Holiday Forecast and Production Issues

5 Nov 2016 comment

GoPro followed Fitbit in saying it expects a lousy holiday season, leaving investors wondering whether creators of consumer fads like action cameras and fitness trackers can mature into lasting companies, according to Bloomberg. GoPro, known for its cube-shaped cameras, lowered its forecast for full-year sales and missed analysts’ estimates for revenue in the third quarter.

Facebook Falls Most in 9 Months

Facebook Falls Most in 9 Months

4 Nov 2016 comment

Facebook shares slumped the most in nine months after executives suggested the company probably won’t be able to keep up with its explosive pace of growth much longer, according to Bloomberg. The stock dropped as much as 5.5 percent Thursday morning after two sobering comments on its conference call the night before.

Google Attacks EU Case Against Them

Google Attacks EU Case Against Them

4 Nov 2016 comment

Google poured scorn on European Union allegations it skewed shopping search results to favor its own services and said regulators have failed to see that the search-engine giant is competing head on with e-commerce giants Amazon and EBay, according to Bloomberg. Google said that the EU’s allegations lack evidence and would ultimately harm users in favor “of a small number of websites,” in a blog posting detailing its response to European Commission antitrust objections over its comparison-shopping and AdSense services.

Amazon Contractors Sue to Find Out Who is the Boss

Amazon Contractors Sue to Find Out Who is the Boss

3 Nov 2016 comment

Amazon was sued by Illinois delivery drivers who say the company failed to pay them overtime for hauling its goods, according to Bloomberg. Among the questions the judge will have to answer is whether they actually worked for Amazon or not. “Amazon controls everything, without a shadow of a doubt,” says Theron Bradley, a former employee of Amazon contractor Silverstar who’s one of the named plaintiffs in the proposed class action.

ASML Buys Stake in Carl Zeiss Unit

ASML Buys Stake in Carl Zeiss Unit

3 Nov 2016 comment

ASML Holding agreed to buy about a quarter of a Carl Zeiss AG unit for 1 billion euros in cash as it begins to develop a new optical system for the next generation of semiconductor machines, according to Bloomberg. Europe’s biggest semiconductor-equipment maker will acquire the stake in Carl Zeiss SMT and invest 220 million euros in the unit’s research and development and make 540 million euros in other related investments over the next six years, the Veldhoven, Netherlands-based company said in a statement.

Rimac Automobili Amongst SAP HR Transformation Challenge Finalists

Rimac Automobili Amongst SAP HR Transformation Challenge Finalists

3 Nov 2016 comment

After careful consideration of the shortlisted best 25 submissions, the jury of the HR Transformation Challenge, a competition for innovative HR leaders in Central and Eastern Europe powered by SAP SuccessFactors, is announcing the finalists. Instead of four intended, five of the best and most transformative projects in HR were chosen.

Microsoft Introduces Slack Rival

Microsoft Introduces Slack Rival

3 Nov 2016 comment

Microsoft unveiled a corporate team-chat service that works with its cloud-based Office and Skype products, aiming to take on Slack and Atlassian’s HipChat in a growing market, according to Bloomberg. The new product is "designed to facilitate real-time conversations and collaboration while maintaining and building up that institutional knowledge of a team," said Chief Executive Officer Satya Nadella. The product has team chat, private messages and voice and videoconferencing.

Amazon Considers Bid for Stake in Souq.com

Amazon Considers Bid for Stake in Souq.com

3 Nov 2016 comment

Amazon is weighing a bid for a stake in Dubai-based online retailer Souq.com FZ as the e-commerce giant seeks to expand in the Middle East, according to Bloomberg. The stake, representing at least 30 percent of the company, is also drawing interest from private equity firms and regional, family-owned companies seeking to expand into web sales, the people said, asking not to be identified as the information is private.

Broadcom to Buy Brocade for $5.9 Billion

Broadcom to Buy Brocade for $5.9 Billion

2 Nov 2016 comment

Broadcom, whose chips are used in Apple’s iPhone and TV set-top boxes, agreed to buy Brocade Communications Systems for $5.9 billion including debt to capitalize on booming demand for cloud computing and the data centers that deliver it, according to Bloomberg. Broadcom is acquiring Brocade for technology that links computer-storage systems and allows the fast transfer of data, the company said in a statement today.