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Samsung Finally Launches Galaxy S9 Business

Samsung Finally Launches Galaxy S9

Chloe Brett February 26, 2018

Samsung Electronics Co Ltd launched its flagship Galaxy S9 smartphone on Sunday, putting emphasis on visual applications for social media that hopefully can attract tech-savvy young consumers to withstand a market slowdown.

Samsung launched the...

Amazon Now 3rd Largest U.S. Company After Surpassing Microsoft Business

Amazon Now 3rd Largest U.S. Company After Surpassing Microsoft

Bruce Marshall February 15, 2018

Amazon.com Inc. knocked Microsoft Corp. off the podium to take over as the third-largest U.S. company by market capitalization for the first time.

Amazon's market value — its closing share price multiplied by the number of shares outstanding...

IBM Sues Former Executive Hired By Microsoft Business

IBM Sues Former Executive Hired By Microsoft

Gene Peter February 13, 2018

International Business Machines Corp. sued its former executive Lindsay-Rae McIntyre, who was named Microsoft Corp's new chief diversity officer over the weekend, alleging violation of a one-year non-competitive agreement.

The company called foul...

Didi Chuxing, SoftBank to Roll Out Taxi Venture in Japan Business

Didi Chuxing, SoftBank to Roll Out Taxi Venture in Japan

Tom Isaiah February 09, 2018

China's Didi Chuxing and SoftBank Group Corp will roll out a venture in Japan later this year to provide ride-hailing services, in a global battle to control the technology increasingly central to urban transport.

The move into Japan highlights...

Nintendo To Produce Animated “Super Mario” Movie Business

Nintendo To Produce Animated “Super Mario” Movie

Mario Chalmers February 01, 2018

Nintendo Co. Ltd. said on Thursday it would team with U.S. film studio Illumination Entertainment to produce an animation film using its Super Mario Bros. characters.

The Japanese video game maker is working with Illumination Entertainment on a...

Qualcomm Fined $1.2 Billion By European Union Business

Qualcomm Fined $1.2 Billion By European Union

Donald Frank January 25, 2018

U.S. chipmaker Qualcomm Inc was hit with a 997 million euro ($1.23 billion) fine by European Union antitrust regulators on Wednesday for paying Apple Inc to use only its chips.

The EU decision is the latest in a series by global regulators that...

Softbank Considering IPO For Wireless Business Business

Softbank Considering IPO For Wireless Business

Luke Walker January 15, 2018

SoftBank Group Corp. said on Monday it was considering listing its Japanese wireless business, seeking to raise a reported $18 billion in a move that would accelerate the conglomerate’s transformation into one of the world’s biggest tech investors....

Spotify Confidentially Files For U.S. IPO, Hits 70 Million Subscribers Business

Spotify Confidentially Files For U.S. IPO, Hits 70 Million Subscribers

Kelly Baker January 05, 2018

Music streaming service Spotify, which filed confidentially with U.S. regulators for an initial public offering on Wednesday, has 70 million subscribers, it said in a tweet on Thursday.

The music streaming company has filed confidentially with...

Amazon & Salesforce Moving Away From Oracle Business

Amazon & Salesforce Moving Away From Oracle

Austin Malone January 03, 2018

Amazon.com Inc. and Salesforce.com Inc., two of Oracle Corp.’s biggest customers, are actively working to replace Oracle software running on crucial business systems with lower cost open-source database software.

The two companies have long...

Apple and Amazon In Talks to Enter Saudi Arabia Business

Apple and Amazon In Talks to Enter Saudi Arabia

Joel Smith December 29, 2017

Apple and Amazon are in licensing discussions with Riyadh on investing in Saudi Arabia, two sources confirmed, part of Crown Prince Mohammed bin Salman's push to give the conservative kingdom a modern, high-tech look.

Amazon’s discussions are...

Tesla To Make Pickup Truck After Model Y Business

Tesla To Make Pickup Truck After Model Y

Daryl Jakoby December 28, 2017

Tesla Inc will build a pickup truck soon after producing electric crossover vehicle Model Y, Chief Executive Elon Musk said on Tuesday.

The electric car maker will make a pickup truck in the future, Musk said, adding that he was "dying to build...

Nokia Agrees to Patent License Deal with Huawei Business

Nokia Agrees to Patent License Deal with Huawei

Chloe Brett December 21, 2017

Nokia and China's Huawei have signed a multi-year patent license agreement, the Finnish company said on Thursday.

Nokia was one of the best-performing major stocks in Europe on Thursday morning after the Finnish telecoms equipment group said its...

Uber Ties Up with BBM Messenger Business

Uber Ties Up with BBM Messenger

Carey Barnes December 19, 2017

Uber Technologies has joined forces with BBM Messenger to allow users around the world, including in the application's biggest market of Indonesia, to book rides via the messenger service.

The partnership agreement is with Creative Media Works,...

Amazon To Start Selling Google Chromecast, Apple TV Business

Amazon To Start Selling Google Chromecast, Apple TV

Lance Harris December 15, 2017

Amazon.com Inc. will start selling Google Chromecast and Apple TV, which compete against its Fire TV, on its online store, according to an Amazon spokeswoman.

The standard Google Chromecast video streaming stick, along with the Ultra model that...

Toyota, Panasonic Consider Tie-up On EV Batteries Business

Toyota, Panasonic Consider Tie-up On EV Batteries

Lance Harris December 13, 2017

Toyota Motor Corp. and Panasonic Corp., the world’s largest supplier of electric-car batteries, are exploring a joint business to develop power equipment for zero-emission vehicles as governments and the global automobile industry move to tackle...

China Telecom Poised to Become 3rd Telecoms Player in PH Business

China Telecom Poised to Become 3rd Telecoms Player in PH

Joshua Claude December 11, 2017

China Telecommunications Corp. is poised to invest in the Philippines and become the latter country’s third telecoms player as the government looks to stir up competition in an effort to boost notoriously poor services.

The state-run Chinese...

Alibaba to Invest in Indian Online Grocer Startup Business

Alibaba to Invest in Indian Online Grocer Startup

Arthur James December 08, 2017

Alibaba Group Holding Ltd. is going to invest about $200 million in India’s largest online supermarket, BigBasket, leading a $280 million funding round in the startup.

Alibaba is taking a stake of about 25 percent in BigBasket after months of...

Alibaba is Seeking to Invest $227 Million in SenseTime Business

Alibaba is Seeking to Invest $227 Million in SenseTime

Natasha Gilbert November 30, 2017

It seems like Chinese online retailer Alibaba Group Holding Ltd. is about to make its second huge investment in artificial intelligence (AI) company SenseTime.

A source with knowledge of the matter said on Thursday that the e-commerce giant is...

Samsung Buys Korean AI Startup Business

Samsung Buys Korean AI Startup

Sam Williams November 28, 2017

Samsung Electronics Co. announced on Tuesday it had bought a local artificial intelligence startup, Fluenty.

The South Korean tech giant has just acquired Korean artificial intelligence startup Fluenty, in an apparent bid to improve its voice...

Walmart's Online Prices Move a Step Closer to Amazon Business

Walmart's Online Prices Move a Step Closer to Amazon

Mia Hanson November 27, 2017

It seems like Wal-Mart Stores Inc. could get the title of low price leader back from its e-commerce rival Amazon.com Inc. as analysis presented on Monday showed that the retail company is closing in on the e-commerce group’s online prices for the...

Uber and Mahindra Collaborate to Develop EVs in India Business

Uber and Mahindra Collaborate to Develop EVs in India

Ellie Kennedy November 24, 2017

American transport provider Uber Technologies Inc. and Indian automaker Mahindra and Mahindra Ltd. announced on Friday that they will be working together to develop electric vehicles (EVs) in India.

Mahindra’s managing director Pawan Goenka...

Amazon Australia Starts Off Soft-Launch after Months of Hype Business

Amazon Australia Starts Off Soft-Launch after Months of Hype

Emma Holloway November 23, 2017

Leading e-commerce group Amazon.com Inc. has started its order-taking trial in Australia on Thursday, triggering several months of hype in the country ahead of the Black Friday sale.

The Seattle-based online retailer’s soft-launch begun at...

Tencent's More Than $500B Valuation Surpasses Facebook Business

Tencent's More Than $500B Valuation Surpasses Facebook

Natasha Gilbert November 21, 2017

Chinese internet firm Tencent Holdings Ltd. has just beaten social media giant Facebook Inc. in market value on Tuesday, placing the video game group on the top five list of the most valuable company.

During Asian trading hours, Tencent’s...

Altice is Not Solving $58 Billion Debts by Raising Cash Business

Altice is Not Solving $58 Billion Debts by Raising Cash

Mia Hanson November 20, 2017

Dutch telecoms company Altice confirmed on Monday that it is not raising cash by selling shares, nor does it intend to perform such action to deal with its billion-dollar debt.

The Netherlands-based phone and cable group statement, which came...

Spotify Buys Swedish Music Recording Start-up Business

Spotify Buys Swedish Music Recording Start-up

Nick Jefferson November 20, 2017

Spotify has bought online music and audio recording studio Soundtrap, an online music studio that lets users create music together with others in real time.

The music streaming company has made another acquisition as it continues to build out the...

Aircel Downgrades to Default on Delayed Debt Repayments Business

Aircel Downgrades to Default on Delayed Debt Repayments

Ellie Kennedy November 17, 2017

Credit rating of major Indian mobile network operator Aircel got downgraded on Friday, after it missed servicing at least one of its debt obligations.

Ratings agency CARE said that the company has delayed its repayment of interest to its...

SoftBank Plans $25 Billion Investment in Saudi Arabia Business

SoftBank Plans $25 Billion Investment in Saudi Arabia

Emma Holloway November 16, 2017

Japanese telecom giant SoftBank Group Corp. seemed to have bolstered its investment relationship further in Saudi Arabia, as it was revealed on Thursday that it is planning to invest in the country.

According to people familiar with the matter,...

Qualcomm Invests in A Chinese AI Startup Business

Qualcomm Invests in A Chinese AI Startup

Leonard Bird November 15, 2017

Qualcomm Inc. has invested in Chinese artificial intelligence (AI) start-up SenseTime Group, as part of a funding round that is going to close later this year.

SenseTime Group, a Hong Kong-based artificial intelligence company specializing in...

Roku Hits Record High on Licensing Deal Business

Roku Hits Record High on Licensing Deal

George Charles November 14, 2017

Roku Inc's shares reached a record high on Monday after signing a licensing deal that would put its technology on Philips-branded televisions in the United States this year.

The news was well received by investors, who sent Roku's shares jumping...

Uber Secures Deal for a $10 Billion Softbank Investment Business

Uber Secures Deal for a $10 Billion Softbank Investment

Mia Hanson November 13, 2017

Ride-hailing group Uber Technologies Inc. confirmed on Monday that it has secured a multi-billion dollar deal with Japan’s SoftBank Group Corp., allowing the telecom company to buy a portion of the ride-sharing startup’s stake.

A spokesman...

Vodafone Partners With UK Fiber to Bring Ultrafast Broadband Business

Vodafone Partners With UK Fiber to Bring Ultrafast Broadband

Carl Pendelbury November 09, 2017

Vodafone will partner with fiber network developer CityFibre to bring ultrafast broadband to UK homes and businesses by 2025, in a direct challenge to dominant rival BT.

The network is expected to reach one million homes in 12 towns and cities...

Intel Hires Raja Koduri as its New Head of Graphics Business

Intel Hires Raja Koduri as its New Head of Graphics

Ellie Kennedy November 09, 2017

Multinational chipmaker Intel Corp has appointed Advanced Micro Devices Inc.’s (AMD) former graphics boss Raja Koduri as its new head of graphics, as part of its effort to improve its high-end discrete graphics processing units (GPUs).

...

Tencent Purchases More Than 10 Percent of Snap's Stake Business

Tencent Purchases More Than 10 Percent of Snap's Stake

Emma Holloway November 08, 2017

Chinese internet company Tencent Holdings Ltd. just bought more than a tenth of Snapchat parent Snap Inc.’s stake on Wednesday, after the tech company reported a downbeat third-quarter revenue result.

The world’s fifth-largest internet...

Monzo Raises $93 Million in Latest Fundraising Round Business

Monzo Raises $93 Million in Latest Fundraising Round

Natasha Gilbert November 07, 2017

British mobile-only bank Monzo Bank Ltd. stated on Tuesday that this year has been incredible as it just raised its largest fundraising round to date, doubling its value within ten months.

The London-based startup firm said that it has secured...

$370,000 Worth of iPhone X Devices Get Stolen Before Launch Business

$370,000 Worth of iPhone X Devices Get Stolen Before Launch

Ellie Kennedy November 03, 2017

Before Apple Inc.’s new iPhone X even becomes available in stores on Friday, a number of the device has already been stolen in San Francisco.

Several outlets reported that about 313 iPhone X units were taken by three men from a truck owned...

Twitter Employee Deactivates Trump’s Account before Leaving Business

Twitter Employee Deactivates Trump’s Account before Leaving

Chloe Brett November 03, 2017

U.S. President Donald Trump's Twitter account was deactivated by an employee from Twitter who was leaving the company on Thursday.

Trump’s personal Twitter account went down abruptly for about 11 minutes Thursday evening, a brief deactivation...

Alibaba's Earnings Rise Remarkably in the Second Quarter Business

Alibaba's Earnings Rise Remarkably in the Second Quarter

Emma Holloway November 02, 2017

Chinese e-commerce giant Alibaba Group reported on Thursday that it has generated more profits in the second quarter, driven by gains from its core e-commerce business.

The online retail group stated that its net income in the three months...

Lenovo Announces Acquisition of Fujitsu Business

Lenovo Announces Acquisition of Fujitsu

Chloe Brett November 02, 2017

Lenovo Group Ltd. has revealed plans to take over Fujitsu Ltd.’s personal computer business after posting its strongest revenue growth in two years following signs the PC market is stabilizing.

The firm’s group said it had reached an...

Alibaba’s Cofounder Buys Minority Stake in Brooklyn Nets Business

Alibaba’s Cofounder Buys Minority Stake in Brooklyn Nets

Nicole Thomas October 30, 2017

The co-founder of Chinese e-commerce giant Alibaba is set to buy a minority stake in the Brooklyn Nets.

Alibaba Group Holding Ltd. Executive Vice Chairman Joe Tsai has agreed to buy 49 percent of the Brooklyn Nets from Russian billionaire...

Tech Giants' Third-Quarter Profits Result Boost US Shares  Business

Tech Giants' Third-Quarter Profits Result Boost US Shares

Natasha Gilbert October 27, 2017

Four of the largest tech companies in the world posted better-than-expected earnings result for the third quarter and has supported gains in the US stock markets on Friday.

Tech giants Amazon.com Inc., Google parent Alphabet Inc., Microsoft...

Airbnb’s Former China Head Appears To Have Violated Company Code Business

Airbnb’s Former China Head Appears To Have Violated Company Code

Patrick James Rose October 27, 2017

Hong Ge, the head of Airbnb's business in China, has announced to staff that he's leaving the company, making the situation of the company precarious.

Now, the precarious situation in China became more complicated last week after the company...

Twitter Posts Better Profits Result for the Third Quarter Business

Twitter Posts Better Profits Result for the Third Quarter

Mia Hanson October 26, 2017

Social networking giant Twitter Inc. reported on Thursday better-than-expected financial results for the third quarter, raising the company’s hope of having a profitable outcome in the fourth quarter.

Twitter’s chief executive Jack Dorsey...

GE, Microsoft To Announce Deep Partnership Business

GE, Microsoft To Announce Deep Partnership

Anthony Gordon October 26, 2017

General Electric and Microsoft plan to announce a deeper partnership involving GE’s Predix industrial internet platform and Microsoft’s Azure cloud platform.

The partnership, due to be announced on Wednesday by GE Chief Executive Officer...

Canon Lifts Profit Forecast On Strong Demand for its Devices Business

Canon Lifts Profit Forecast On Strong Demand for its Devices

Emma Holloway October 24, 2017

Japan’s imaging solutions provider Canon Inc. lifted its annual earnings forecast for the third time on Tuesday as it saw growing demand for its products, including surveillance cameras and organic light-emitting diode (OLED) screen production...

Snap Lays Off Jobs, Plans To Slow Hiring Business

Snap Lays Off Jobs, Plans To Slow Hiring

Oliver Angles October 23, 2017

Social media company Snap Inc. has laid off jobs in its recruiting division as it looks to slow hiring in 2018.

The social media company said it had laid off 18 people in its recruiting division, which is an unusual move for a young company with...

JPMorgan Deals with Mosaic to boost Fixed-income Revenue Business

JPMorgan Deals with Mosaic to boost Fixed-income Revenue

Christian Cutler October 23, 2017

JPMorgan Chase & Co has announced its partnership with Mosaic Smart Data, a data analytics start-up, to help with its fixed-income sales and trading services, which the financial services holding company wants to make more profitable.

The...

Grab Secures $700m in Debt Financing Business

Grab Secures $700m in Debt Financing

Andre Parker October 20, 2017

Ride-hailing and mobile payment firm Grab announced that it has secured debt financing that amounted to a whopping $700 million from unnamed global and regional banks.

Rivaling

Meituan-Dianping Raises $4bn in Latest Funding Round Business

Meituan-Dianping Raises $4bn in Latest Funding Round

Christian Cutler October 19, 2017

Meituan-Dianping on Thursday announced that it has accomplished to raise $4 billion in a funding round led by Tencent Holding Ltd, along with other participants. The funding valued China’s largest on-demand services provider at $30...

Facebook’s Building 8 Head To Leave The Company Business

Facebook’s Building 8 Head To Leave The Company

Nick Alexander-Walker October 18, 2017

The head of Facebook Inc.’s secretive and new consumer-hardware lab, Building 8, is leaving the company after just 18 months.

The social networking giant’s secretive Building 8 lab, Regina Dugan, has left the company to lead a new project,...

Netflix Beats Subscriber Estimates in Q3 Business

Netflix Beats Subscriber Estimates in Q3

Christian Cutler October 17, 2017

Netflix Inc gained more subscribers than expected in the third quarter, pushing its shares to record high, saying that it had a head start on rivals as internet television becomes increasingly used globally.

Netflix’ subscribers count rose...

T-Mobile, Sprint Will Merge Without Asset Divestiture - Sources Business

T-Mobile, Sprint Will Merge Without Asset Divestiture - Sources

Andre Parker October 16, 2017

T-Mobile US Inc and Sprint Corp are planning to close a merger deal, which was first reported in mid-September, without having to give up their...

Samsung Electronics CEO Kwon Oh-hyun Resigns Business

Samsung Electronics CEO Kwon Oh-hyun Resigns

Christian Cutler October 13, 2017

Samsung Electronics Co Ltd. has announced that its chief executive officer Kwon Oh-hyun will step down from leadership amid a profit surge in the company, following the imprisonment of Jay Y. Lee, who is the scion of the group convicted of...

Uber Board Declares Truce, Awaits SoftBank Investment Business

Uber Board Declares Truce, Awaits SoftBank Investment

Andre Parker October 04, 2017

Uber Technologies Inc has just announced a truce among its board members on Tuesday, paving the way for a SoftBank-led investment and fixing the long-fractured board while diminishing Kalanick influence over the company.

The divided board...

Google Dumps ‘First Click Free’ Policy Business

Google Dumps ‘First Click Free’ Policy

Andre Parker October 02, 2017

Google, following its 'equality' offer, announced on Sunday that it will abandon its “first click free” policy, which required news providers...

Roku Prices IPO at $14, Spikes in Market Debut Business

Roku Prices IPO at $14, Spikes in Market Debut

Caleb Ford September 29, 2017

Roku Inc.’s sold 15.7 million shares at a better than expected $14 a piece ahead of its initial public offering (IPO), valuing the company, which made its debut on NASDAQ on Thursday, at $1.3 billion.

The video streaming platform trading...

Canada Strikes a Deal with Netflix Business

Canada Strikes a Deal with Netflix

Christian Cutler September 29, 2017

Canada has struck a deal with Netflix, which would invest C$500 million in the creation of programs in the country. After outlining its cultural and entertainment industries vision, Canada has also pledged to give more funds in order to foster contents...

Google Pulls YouTube Off Amazon's Echo Show Business

Google Pulls YouTube Off Amazon's Echo Show

Christian Cutler September 27, 2017

Amazon.com Inc said on Tuesday that videos from YouTube could no longer be played through its Echo Show devices, blaming the video streaming site’s parent company, Google.

“As of this afternoon, Google has chosen to no longer make YouTube...

Target Raises Minimum Wage To $11, Vows $15 By 2020 Business

Target Raises Minimum Wage To $11, Vows $15 By 2020

Jay Jones September 25, 2017

Target Corp. announced it would increase its minimum hourly wage this year by a dollar to $11 and vows to raise it to $15 by the end of 2020.

Thousands of Target employees are about to get a raise as the big-box retailer on Monday said it will...

Uber Pleads for Talks with TfL after License was Stripped Business

Uber Pleads for Talks with TfL after License was Stripped

Christian Cutler September 25, 2017

After losing its operation license in London on Friday, Uber called for talks with London’s transport regulator in an effort to reverse the decision.

Last week, London’s transport regulator stripped Uber its license to operate, deeming the...

Wal-Mart Tests Grocery Delivery Directly Into the Fridge Business

Wal-Mart Tests Grocery Delivery Directly Into the Fridge

Jethro Yawn September 22, 2017

Wal-Mart Stores Inc. is testing a new service that delivers groceries straight into the customers’ refrigerators.

The U.S. retailer is set to offer customers the opportunity to have their shopping home delivered, unpacked and, when necessary,...

T-Mobile, Sprint In Talks About A Merger Deal Business

T-Mobile, Sprint In Talks About A Merger Deal

Jack Paul September 20, 2017

T-Mobile is in active talks with Sprint about a merger, according to people close to the situation.

The U.S. wireless carrier is exploring the possibility of taking over rival Sprint in an all-stock deal after SoftBank Group Corp. offered to...

Google Offers ‘Equality’ via Auction, Draws Flak Business

Google Offers ‘Equality’ via Auction, Draws Flak

Christian Cutler September 19, 2017

Google is proposing an auction that will enable rival comparison shopping sites to acquire the top spot of search results via bidding, reports said.

This proposal serves as a response to the European Commission, which has fined the search...

Google Faces Lawsuit due to Alleged Gender Discrimination Business

Google Faces Lawsuit due to Alleged Gender Discrimination

Christian Cutler September 15, 2017

Three former Google employees filed a lawsuit against the tech giant, accusing it of systematically discriminating women in pay and promotion.

The three plaintiffs filed the lawsuit on Thursday in San Francisco, saying that they would seek to...

Bossa Studios Raises $10 million for its Business

Bossa Studios Raises $10 million for its

Andre Parker September 12, 2017

Bossa Studios, a British game-maker, said that it has just raised a neat $10 million worth of funding in a round led by European venture capital firm Atomico.

The round of funding came before the launch of the game-maker’s pirate-themed...

Apple Signs Music Deal With Warner Business

Apple Signs Music Deal With Warner

Oliver Malone September 08, 2017

Apple has signed a deal with Warner Music Group, one of the most renowned music labels, to offer subscribers on-demand music via both iTunes and Apple Music.

The tech giant has secured a deal for songs from Warner, the company’s first...

Amazon Opens Bids for its $5-billion HQ2, Cities Make Proposals Business

Amazon Opens Bids for its $5-billion HQ2, Cities Make Proposals

Andre Parker September 08, 2017

Retail giant Amazon.com plans to set up a $5-billion North American second headquarters, called HQ2, triggering a bidding competition among cities and states.

On Thursday, the e-commerce company said that it plans to create its HQ2 in a...

T-Mobile Offers Free Netflix Business

T-Mobile Offers Free Netflix

Christian Cutler September 07, 2017

T-Mobile customers are in for a treat, as the wireless network operator announced its plans to offer Netflix to subscribers for free.

The free Netflix offer is open for subscribers of the company’s “T-mobile One” family plans with one or...

Intel Antitrust Case To Be Re-Examined Business

Intel Antitrust Case To Be Re-Examined

Quavious Lewis September 06, 2017

Intel Corp. won a round in its eight-year fight with the European Union over a 1.06 billion-euro ($1.26 billion) fine in a case that could have complications for a list of disputes involving U.S. tech giants including Google and Qualcomm Inc....

Hewlett Packard Enterprise Completes Software Spin-off Business

Hewlett Packard Enterprise Completes Software Spin-off

Wilson Clyde September 01, 2016

Hewlett Packard Enterprise Co completed the spin-off of much of its software business early on Friday, closing the door on the terrible 2011 acquisition of British firm Autonomy and narrowing the company’s focus to data center hardware and software....

Toshiba Fails to Conclude Chip Unit Negotiations Business

Toshiba Fails to Conclude Chip Unit Negotiations

Christian Cutler August 31, 2017

Toshiba Corp misses its self-imposed deadline on Thursday on the sale of its chip unit business, increasing chances of its delisting in Tokyo Stock Exchange.

The Japanese conglomerate has been frantically eager to seal a deal in the sales of...

Facebook’s 21-Year-Old Wunderkind Heading To Google Business

Facebook’s 21-Year-Old Wunderkind Heading To Google

Tyrone Berry August 29, 2017

Michael Sayman, the engineering whiz that Facebook hired when he was just 18, is heading to a new job at Alphabet's Google a week after his 21st birthday.

At Facebook, Sayman was a product manager who helped the social media giant understand how...

Ford and Domino’s to Test Driverless Delivery Business

Ford and Domino’s to Test Driverless Delivery

Andre Parker August 29, 2017

Ford Motor Co. and Domino’s Pizza Inc. are going to team up on a mission to test customers’ reaction to having their food delivered by autonomous vehicles in Ann Arbor, Michigan.

Randomly selected customers will be given the option of...

Dara Khosrowshahi Picked as Uber’s New CEO Business

Dara Khosrowshahi Picked as Uber’s New CEO

Andre Parker August 28, 2017

American travel company Expedia Inc’s Dara Khosrowshahi has been chosen to be the new chief executive officer of the car hailing company Uber, according to reports. The announcement of finally coming up with a decision was made on Sunday, while the...

Uber Investors Intervene in Benchmark Lawsuit Business

Uber Investors Intervene in Benchmark Lawsuit

Christian Cutler August 25, 2017

Car-hailing company Uber braces itself for escalated battles ahead, as Shervin Pishevar spoke out against Benchmark Capital.

Shervin Pishevar, an early Uber investor and a former board member, has taken the battle to a new level after he’s...

Intel CFO to Leave Company in January Business

Intel CFO to Leave Company in January

Jasper Tyler August 23, 2017

Longtime chief financial officer Stacy Smith is leaving Intel 16 months after taking a newly created role as group president for manufacturing, operations and sales.

Smith, 54, who’s been at the world’s largest chipmaker for 30 years, spent...

Japan’s Toshiba Prioritizes Talks with Western Digital Business

Japan’s Toshiba Prioritizes Talks with Western Digital

Andre Parker August 23, 2017

Japanese multinational conglomerate Toshiba Corp enters talks with American company Western Digital Corp to pursue an important agreement this month in order to sell its flash memory unit. The selling of the chip units serves as a way to cover the...

Wal-Mart Working on a Floating  Warehouse Business

Wal-Mart Working on a Floating Warehouse

Draymond Dawes August 21, 2017

Wal-Mart has applied for a U.S. patent for a floating warehouse, which could make deliveries to shoppers' homes by way of drones as the world’s largest retailer has opened a new front in its battle with Amazon.

The machine, similar to a blimp,...

India's Infosys Ltd. in a Catastrophe After Sikka's Resignation Business

India's Infosys Ltd. in a Catastrophe After Sikka's Resignation

Christian Cutler August 21, 2017

Infosys Limited, the second largest Indian IT services company, suffered a loss in market value, and is now trying to find a new leader, after chief executive officer Vishal Sikka resigned on Friday.

Being scrutinized and questioned about his...

Softbank’s Vision Fund Invests $2.5 Billion in Flipkart Business

Softbank’s Vision Fund Invests $2.5 Billion in Flipkart

Derrick Evans August 11, 2017

Softbank, the world’s largest technology investment firm, will invest about $2.5 million in India’s Flipkart, swelling the Indian e-commerce players’ cash pile and giving it more firepower to compete with Amazon in one of the world’s most...

Android Creator’s Startup Raises $300 Million Business

Android Creator’s Startup Raises $300 Million

Andre Parker August 10, 2017

Essential Products, the smartphone startup founded by a co-creator of the Android mobile operating system, announced on Wednesday it has raised $300 million in new funding and signed up retailers to sell its first smartphone device.

The company,...

Toyota, Mazda to Jointly Build a $1.6B U.S. Factory Business

Toyota, Mazda to Jointly Build a $1.6B U.S. Factory

Joshua Beverley August 04, 2017

On Friday, Toyota Motor Corp and Mazda Motor Corp, both are Japanese car makers, said that they plan to spend $1.6 billion to build a joint-venture auto manufacturing factory in the U.S. and jointly develop electric car technologies.

The new...

Alibaba Teams Up With Kering To Fight Counterfeiting Business

Alibaba Teams Up With Kering To Fight Counterfeiting

James Hunt August 03, 2017

Chinese e-commerce giant Alibaba is teaming up with French luxury group Kering, which owns brands like Gucci and Alexander McQueen, and Ant Financial Services, the payment affiliate of the Chinese e-commerce company, to fight counterfeiting....

Xiaomi Secures $1 Billion Loan On Global Expansion Efforts Business

Xiaomi Secures $1 Billion Loan On Global Expansion Efforts

Johnson Hahn July 28, 2017

Chinese smartphone maker Xiaomi Inc. has secured a $1 billion loan to boost its drive into brick-and-mortar stores and help push expansion overseas, developing its international focus and build out its offline sales presence.

The three-year...

Google CEO Joins Parent Company Alphabet’s Board of Directors Business

Google CEO Joins Parent Company Alphabet’s Board of Directors

Davis Hamilton July 25, 2017

Google CEO Sundar Pichai has joined its parent Alphabet's board of directors, becoming the 13th board member as the appointment is another signal of his rising importance at the company, and the trust the founders place in him.

After more than a...

Toyota To Start Producing Mass EVs in China in 2019 Business

Toyota To Start Producing Mass EVs in China in 2019

Chloe Bíró July 24, 2017

Toyota Motor Corp. will probably begin mass production of electric vehicles (EVs) in China as early as 2019.

The Chinese government is aiming to impose production quotas for “new energy cars” as early as in 2018, and the Japanese automaker...

PayPal Strikes Partnership Deal With JPMorgan Chase Business

PayPal Strikes Partnership Deal With JPMorgan Chase

Mike Sheen July 21, 2017

PayPal and JPMorgan Chase & Co announced their partnership on Thursday in an effort to boost their online payment services that will allow Chase cardholders to link their Chase Pay accounts to PayPal accounts.

Partnership Deal

The...

Netflix Reports 5.2M New Subscribers Business

Netflix Reports 5.2M New Subscribers

Celine Murphy July 18, 2017

Netflix shares traded as much as 10% during Monday’s after-hours trading to $178.56 after the company delivered better than expected earnings report that beat the forecast of both the company and most analysts.

The company who has been...

Apple To Release New iPhone In 2018 Business

Apple To Release New iPhone In 2018

Dianne Cowell July 06, 2017

Apple has been known to have released their iPhone flagships every two years since its launch almost ten years ago with the exception of the iPhone Special Edition released last year and the tenth anniversary iPhone to be released this coming September....

Amazon Opens First Utah Center Business

Amazon Opens First Utah Center

Sean Page July 05, 2017

Last May, the Governor’s Office of Economic Development Board announced that a post-performance incentive agreement has been approved between Amazon to carry out a new project in Utah. This was announced by Val Hale who acts as an executive director...

Apple Expands In Asia Further With Taiwan Store Business

Apple Expands In Asia Further With Taiwan Store

Celine Murphy July 03, 2017

Most Apple customers from Asia have relied on Apple’s official website or third-party retailers to get original Apple devices and to access warranty repair options. Now, Apple products can now be bought officially from the Apple Store located in...

Alibaba To Spend $1 Billion More To Lazada Business

Alibaba To Spend $1 Billion More To Lazada

Russell West June 28, 2017

Alibaba Group Holding Ltd. announced it will invest approximately $1 billion to increase its stake in Lazada Group, an e-commerce platform in Southeast Asia, from 51% to approximately 83%.

The Chinese e-commerce leader is planning to buy out most...

iPhone Manufacturer To Invest $10BN In The US Business

iPhone Manufacturer To Invest $10BN In The US

Ryan Thompson June 26, 2017

Foxconn who is known for one of the companies who assemble Apple iPhones in Asia is reportedly planning to invest around $10 billion in building a display manufacturing plant in the United States.

The cost has been considered due to the...

Apple Attacks Qualcomm With Royalty Lawsuit Business

Apple Attacks Qualcomm With Royalty Lawsuit

Leanne Cray June 22, 2017

Apple has recently filed another case against telecommunications equipment company Qualcomm regarding its ongoing legal war regarding Apple’s chip designer’s patents.

Qualcomm is currently the biggest mobile chip provider in the world and...

Tesla’s Autopilot Software Head Quits After 6 Months Business

Tesla’s Autopilot Software Head Quits After 6 Months

Kendrick Barnes June 21, 2017

Tesla’s head of autopilot software, Chris Lattner, called it quits with the company in less than six months since joining the electric car maker as the company has shaken up the leadership of its Autopilot team for a second time this year....

Alibaba To Expand To Detroit Small Businesses Business

Alibaba To Expand To Detroit Small Businesses

Barbara Steinfield June 21, 2017

Earlier this year, Alibaba CEO Jack Ma met with U.S. President Donald Trump and stated that he wishes to create over a million jobs in the country through the company’s continuous expansion.

Jack Ma will be starting his promise to the US...

Apple Shares Plunge On Mizuho Downgrade Business

Apple Shares Plunge On Mizuho Downgrade

Kevin Gwon June 13, 2017

Shares of Apple Inc lost around 2% on Monday recording its second day of losses in a row due to the rising concerns regarding the company’s skyrocketing stock price. Apple shares also fell last week after news of the company using modem chips with...

UBER Fires 20 Employees In Harassment Reports Business

UBER Fires 20 Employees In Harassment Reports

Michael Lovejoy June 08, 2017

A recent investigation which claims that the company has an aggressive, male-dominated working environment resulting into sexual harassment and sexism reportedly prompted Uber to file more than twenty employees.

The report came from an...

Waymo is Into Developing Self-Driving Trucks Business

Waymo is Into Developing Self-Driving Trucks

Tracy Jones June 02, 2017

Waymo, Google’s, autonomous self-driving car unit is currently developing its own version of self-driving trucks, the company revealed on Thursday. Yet, there are other companies as well that are regarded to be rivals of the autonomous car...

Amazon To Refund $70M Worth Of Unauthorized App Charges Business

Amazon To Refund $70M Worth Of Unauthorized App Charges

Sean Page June 02, 2017

Amazon announced on Thursday that they would be offering refunds for their customers who were given unauthorized charges to them through their children’s games which were incurred from the company’s own app store.

The announcement comes...

Nintendo To Boost Switch Production By 18 Million Business

Nintendo To Boost Switch Production By 18 Million

Kean Wallace May 30, 2017

After nintendo cashed in massive sales this year since the release of its Nintendo Switch hardware platform, the company is now planning to boost production of the gaming console by 18 million units before the end of the current fiscal year....

Apple Settles Patent Issue With Nokia Business

Apple Settles Patent Issue With Nokia

Margaret Brown May 25, 2017

On Tuesday, Nokia and Apple announced to the markets that they have settled their patent dispute which started at the end of 2016 when Apple accused Nokia of transferring patents.

Apple has recently filed an antitrust case regarding an alleged...

Apple And Amazon To reveal Amazon Video For Apple TV Business

Apple And Amazon To reveal Amazon Video For Apple TV

Kevin Gwon May 15, 2017

Despite the high level of rivalry between the two major U.S. companies, Apple and Amazon have recently announced that they have struck a deal that will address their video rivalry schemes in the past.

Last 2015, Amazon cancelled its sale of...

Amazon To Hit $1100 Business

Amazon To Hit $1100

Ryan Thompson April 17, 2017

Amazon has recently been given a target share price of $1100 after it surpassed the $900 price level for the first time last week on a seven-day high.

The growing company and stock received an upgrade on Monday from Kerry Rice an analyst from...

Apple Upgrades Graphics Department Business

Apple Upgrades Graphics Department

Ryan Thompson April 11, 2017

Following Apple’s move to end its contract with major graphics supplier Imagination Technologies, the company recently embarked on a hiring spree in London on the company’s venture to take control of its product’s parts production and future...

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