Business

Digital Ad Revenues Grow 19% Hitting $32.7 Billion

Digital Ad Revenues Grow 19% Hitting $32.7 Billion

2 Nov 2016 comment

IAB (Interactive Advertising Bureau) announced today that digital advertising revenues in the United States for the first half of 2016 have reached an all-time high, scaling to $32.7 billion according to the latest IAB Internet Advertising Revenue Report released by the industry trade group and prepared by PwC US. This represents a 19 percent increase over last year’s then record-setting half-year revenues of $27.5 billion.

IBM Acquires Expert Personal Shopper from Fluid

IBM Acquires Expert Personal Shopper from Fluid

2 Nov 2016 comment

IBM announced it acquired the Expert Personal Shopper (XPS) division of Fluid, a leading innovator in digital customer experiences. The acquisition includes the XPS solution, a dialogue-based product recommendation platform developed by Fluid that applies the power of IBM Watson to personalize the customer experience and improve product discovery. The XPS solution and several key members of the XPS team will become part of IBM iX (Interactive Experience).

Sony Profit Falls Short of Estimates

Sony Profit Falls Short of Estimates

2 Nov 2016 comment

Sony’s second quarter profit missed estimates, as a one-time charge and stronger yen weighed on profit from financial services and PlayStation games, according to Bloomberg. Operating profit in the period ended September was 45.7 billion yen ($436 million). That compares with the 49.7 billion yen average of analysts’ estimates compiled by Bloomberg before the company disclosed a 33 billion yen charge from the sale of its unprofitable battery unit to Murata.

YouTube Gets Unblocked in Germany

YouTube Gets Unblocked in Germany

2 Nov 2016 comment

YouTube struck a deal with German royalty-collection group Gema to pay licensing fees and unblock thousands of music videos in Europe’s biggest economy after seven years of legal battles, according to Bloomberg. The agreement means that about 70,000 musicians and songwriters represented by Gema will get paid if their content is watched on YouTube, Gema said in a statement. The deal may enable YouTube to introduce its Red music and video subscription service in Germany, which the agreement also covers, Gema said.

Toshiba Raises Profit Outlook

Toshiba Raises Profit Outlook

1 Nov 2016 comment

Toshiba raised its forecast for first-half operating profit by 36 percent to 95 billion yen ($906 million), crediting growth in memory chips and hard disk drives, as well as cost-cutting measures, according to Bloomberg. Revenue was also revised slightly higher, to 2.58 trillion yen from 2.55 trillion yen, the Japanese company said in a statement.

Microsoft New Server Design Aims at Speeding Cloud Setup

Microsoft New Server Design Aims at Speeding Cloud Setup

1 Nov 2016 comment

Microsoft is offering up a new server design that it hopes will influence the rest of the data-center industry, according to Bloomberg. That is a move that keeps pressure on hardware vendors like Hewlett Packard to lower the price of cloud infrastructure. An earlier design by Microsoft now accounts for 90 percent of the company's data center server purchases, underscoring just how far it has moved in favor of its own specifications, often manufactured by commodity server vendors.

Amazon Plans Big Spending Ahead of Holidays

Amazon Plans Big Spending Ahead of Holidays

31 Oct 2016 comment

Amazon reminded investors it’s still willing to spend lavishly on products or areas that could be the next big thing, whether video streaming, automated personal assistants or a toehold in emerging markets, even if it means thinner profit margins and a weaker stock price, according to Bloomberg.

U.K. Court Backs Uber Driver-Pay Lawsuit

U.K. Court Backs Uber Driver-Pay Lawsuit

30 Oct 2016 comment

Uber lost a lawsuit over pay and vacation time for U.K. drivers at the car-sharing service in a ruling that could change how workers are treated in the country’s burgeoning gig economy, according to Bloomberg. The case, brought by two Uber cabbies, is the first against the company in Britain and could have ramifications for more than 40,000 people in the U.K.

Facebook Must Stop Exploiting WhatsApp Data During EU Probe

Facebook Must Stop Exploiting WhatsApp Data During EU Probe

30 Oct 2016 comment

European Union privacy chiefs said Facebook must stop processing user data from its WhatsApp messaging service while they are, according to Bloomberg, investigating the privacy policy changes the company announced in August.

Apple Raises U.K. Prices 20 Percent

Apple Raises U.K. Prices 20 Percent

29 Oct 2016 comment

Apple quietly raised the cost of some of its products in Britain by 20 percent, the latest blow to U.K. consumers after the decision to leave the European Union sent the pound sliding, according to Bloomberg. The computer-maker overnight began charging 2,999 pounds ($3,650) for its “Mac Pro” desktop machine, up from 2,499 pounds earlier in the week.

Bitcoin Set for Best Week Since June

Bitcoin Set for Best Week Since June

28 Oct 2016 comment

Bitcoin headed for its biggest weekly jump since June as declines in the yuan boosted demand for the cryptocurrency, according to Bloomberg. The digital tender surged 8.8 percent this week to $685.79 as of 5:01 p.m. in Hong Kong. That’s the biggest gain since June, when prices skyrocketed as investors girded for the results of the U.K.’s Brexit vote.

Another success for TradeTicity, their CureSync is in new Gartner's report

Another success for TradeTicity, their CureSync is in new Gartner's report

28 Oct 2016 comment

TradeTicity and software solution CureSync is included in the current World-renowned Gartner report "Market Guide for Track-and-Trace and Serialization Software Providers for Life Science Companies."

Qualcomm to Buy NXP for $47 Billion in Cash

Qualcomm to Buy NXP for $47 Billion in Cash

28 Oct 2016 comment

Qualcomm, the largest maker of mobile-phone chips, will acquire NXP Semiconductors for $47 billion in an all-cash deal, aiming to speed an expansion into new industries and reduce its dependence on the smartphone market, according to Bloomberg.

Samsung Third-Quarter Profit Drops 17%

Samsung Third-Quarter Profit Drops 17%

27 Oct 2016 comment

Samsung reported a 17 percent slump in third-quarter profit after the demise of its fire-prone Note 7 line threw the world’s largest smartphone maker into disarray, according to Bloomberg. Net income fell to 4.41 trillion won ($3.9 billion) in the September quarter as the company dealt with a debacle that may ultimately cost more than $6 billion.

Hrvatski Telekom: Stable Revenue, Increased Net Profit

Hrvatski Telekom: Stable Revenue, Increased Net Profit

27 Oct 2016 comment

Croatia's leading telecommunications provider Hrvatski telekom, announces its audited results for the nine months ended 30 September 2016. Hrvatski Telekom business in the first nine months of the current year was marked by stable revenue and increased net profit and capital expenditures.

Apple Holiday Forecast Disappoints Investors

Apple Holiday Forecast Disappoints Investors

27 Oct 2016 comment

Apple investors expected the iPhone maker to take advantage of Samsung’s weakness in the smartphone market and issue a robust holiday sales forecast. After the revenue projection was barely higher than analysts’ estimates, shares fell as much as 4.2 percent Wednesday, according to Bloomberg.

Six Croatian companies among Deloitte's 50 fastest growing

Six Croatian companies among Deloitte's 50 fastest growing

26 Oct 2016 comment

Deloitte has published its annual list of the 50 fastest growing technology companies in Central Europe in 2015. The average growth rate of the selected companies was significantly higher compared to the previous year and surged from 560 to as much as 1,057 percent. Average growth of more than a thousand percent was last recorded in 2012. This list of fast-growing technology companies from eleven Central European countries includes as many as six Croatian companies.

BlackBerry Unveils Their Last In-House Phone

BlackBerry Unveils Their Last In-House Phone

26 Oct 2016 comment

BlackBerry showed off the last phone it will market itself before completely outsourcing design, production and distribution to partners, according to Bloomberg. It's a 5.5-inch touchscreen device that rivals the size of the iPhone 7 Plus and Google Pixel XL, but at a lower price.

Augmented Reality App Downloads to Top 2.3Bn by 2021

Augmented Reality App Downloads to Top 2.3Bn by 2021

26 Oct 2016 comment

A new study from Juniper Research has found that the popularity of Pokémon GO is inspiring app developers to incorporate AR technologies into their applications. It forecasts that the AR market will rise to 2.3bn apps by 2021, representing a 380% increase from an estimated 482m in 2016. The launch of the AR game sparked a worldwide phenomenon that has created a greater interest in the technology, leaving developers 'champing at the bit' to recreate its global success.

First (ISC)² Conference in Croatia

First (ISC)² Conference in Croatia

26 Oct 2016 comment

International organization (ISC)² this year is, for the first time, organizing one of its events in Croatia. Croatian Chamber of Economy in Zagreb will host their CPE conference "Securing the Virtual Organization" on December 15. The main topic of the event will be security of virtual organizations, and presentations will be held by respected speakers from Croatia and Europe.

Airbnb in big problems in Big Apple

Airbnb in big problems in Big Apple

26 Oct 2016 comment

Airbnb Inc. said it faces “staggering penalties” after New York City indicated over the weekend that it would begin enforcing the state’s new anti-sublet listing law, according to Bloomberg.

Google Acquires Eye-Tracking Company Eyefluence

Google Acquires Eye-Tracking Company Eyefluence

25 Oct 2016 comment

Google just picked up a key piece of technology that might move its virtual reality ambitions closer to the masses, according to Bloomberg. Eyefluence, which is working to enable eye movements to control digital screens, wrote in a blog post on Monday that it’s joining the search giant Alphabet. The three-year-old startup, which had reportedly raised $21.6 million in funding, didn’t disclose a price.

Microsoft Hikes U.K. Prices of Enterprise Products

Microsoft Hikes U.K. Prices of Enterprise Products

24 Oct 2016 comment

Microsoft will increase the price of its enterprise software and cloud offerings in the U.K. by as much as 22 percent to adjust to the falling pound in the aftermath of Britain’s vote to leave the European Union, according to Bloomberg.

Politicians Flag AT&T-Time Warner Antitrust Concerns

Politicians Flag AT&T-Time Warner Antitrust Concerns

24 Oct 2016 comment

AT&T’s planned takeover of Time Warner mirrors Comcast’s successful acquisition of NBC Universal, but the new pairing may face a rockier path through Washington as Democratic and Republican presidential contenders, along with key lawmakers, express skepticism, according to Bloomberg.

AT&T Plans Media-Telecom Mix With $85.4 Billion Time Warner Deal

AT&T Plans Media-Telecom Mix With $85.4 Billion Time Warner Deal

24 Oct 2016 comment

AT&T Inc.’s agreement to buy Time Warner Inc. for $85.4 billion would form a media and telecommunications empire that owns many of the movies and TV shows it pumps through to subscribers, provided that regulators sign off on a deal at a time that they and lawmakers have grown skeptical of media consolidation, according to Bloomberg.

AT&T is Close to Agreement to Buy Time Warner

AT&T is Close to Agreement to Buy Time Warner

23 Oct 2016 comment

According to Bloomberg, AT&T is close to an agreement to acquire Time Warner for about $86 billion, people with knowledge of the matter said. If it happens, that deal would create a media behemoth that offers TV, wireless, and the content that goes with it.

Bezos Says Trump Is ‘Eroding Democracy’

Bezos Says Trump Is ‘Eroding Democracy’

23 Oct 2016 comment

Amazon Chief Executive Officer Jeff Bezos said Republican presidential nominee Donald Trump is "eroding our democracy around the edges" by threatening retribution against those critical of him and hinting that he wouldn’t gracefully accept a loss on election day, according to Bloomberg.

Russian Suspect Charged Over 2012 Hacks of LinkedIn and Dropbox

Russian Suspect Charged Over 2012 Hacks of LinkedIn and Dropbox

22 Oct 2016 comment

A Russian man arrested in the Czech Republic was indicted in California over cyberattacks on  LinkedIn and Dropbox in a case that has already raised tensions between the U.S. and Russia over his extradition, according to Bloomberg.

Nintendo Shares Drop After Showing ‘Switch’

Nintendo Shares Drop After Showing ‘Switch’

22 Oct 2016 comment

Nintendo shares dropped on Friday after the company’s new gaming platform Switch failed to impress investors, according to Bloomberg. Shares in Tokyo fell as much as 5.2 percent, erasing the previous day’s rally that was triggered by news that the promotional video would be released.

Microsoft Sales and Profit Top Estimates

Microsoft Sales and Profit Top Estimates

22 Oct 2016 comment

Microsoft’s first-quarter sales and earnings topped analysts’ estimates, buoyed by growing demand for cloud-based software and services, according to Bloomberg. Profit excluding certain items was 76 cents a share on adjusted sales of $22.3 billion, company said in a statement.