Posts Tagged ‘Technology’

Thales to Buy U.S. Big-Data Analysis Firm Guavus

Friday, April 28th, 2017

France’s Thales is acquiring U.S. big-data analysis firm Guavus amid a wider push by U.S. and European aerospace and defense companies to capitalize on the vast amount of information their sophisticated systems collect.

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Nintendo to Launch New 2DS XL Handheld Game Device in July

Friday, April 28th, 2017

Nintendo Co. said Friday it will launch an updated version of its popular 2DS hand-held game device in July.

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SoftBank Set to Invest Over $1.5 Billion in India’s Paytm

Friday, April 28th, 2017

The deal will give SoftBank Group a 20% stake in Paytm’s parent company One97 Communications, marking the Japanese conglomerate’s single largest investment in an Indian tech firm.

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Didi, China’s Uber, Raises $5.5 Billion

Friday, April 28th, 2017

China’s Didi Chuxing Technology said it raised $5.5 billion in a new funding round, valuing the ride-hailing company at more than $50 billion.

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Qualcomm Warns of Lower Profit as Apple Dispute Bites

Friday, April 28th, 2017

Qualcomm slashed its profit forecast, saying it no longer expects any patent-licensing revenue from the iPhone in the current quarter as a result of its increasingly bitter legal battle with Apple.

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Starbucks’ App Has Been Overwhelming Some Baristas

Friday, April 28th, 2017

Starbucks’ mobile order and pay system has been bringing some of its busiest locations to a standstill, NBC News reported.The system lets people order ahead and swoop into a store to pick up their coffee, food…Photo Credit: Ben Pruchnie/Getty Images, File

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Alphabet, Amazon Extend Earnings Boom

Thursday, April 27th, 2017

Amazon and Google parent Alphabet reported booming quarterly sales and profits, showing that the tech giants continue to extend their dominance and shuck off concerns that might have dampened growth.

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Uber’s Self-Driving Car Chief Steps Aside

Thursday, April 27th, 2017

Anthony Levandowski, the man at the center of Uber Technologies Inc.’s legal spat with rival Alphabet Inc. over allegedly stolen self-driving car technology, is stepping aside as chief of the high-profile project.

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Google Parent Alphabet’s Revenue Continues to March Higher

Thursday, April 27th, 2017

Google parent Alphabet Inc. posted a sharp increase in first-quarter revenue, continuing a trend of sharp growth seemingly unscathed by boycotts from some of its major advertisers.

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Amazon Posts Bigger-Than-Expected Increase in Profit

Thursday, April 27th, 2017

Amazon.com posted a 41% rise in first-quarter profit, even as the company is spending heavily on everything from international expansion to video content. Shares climbed 4% after hours as the results beat Wall Street estimates.

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Microsoft’s Office 365, Cloud Businesses Power Earnings

Thursday, April 27th, 2017

The Azure business again posted torrid growth as corporate customers adopt the cloud service to handle larger pieces of their computing operations

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Intel Earnings: What to Watch

Thursday, April 27th, 2017

Intel Corp. is expected to release its first-quarter earnings for the fiscal year that ended in March after the market closes Thursday. Here’s what you need to know.

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Venture-Capital Quandary: Too Much Money Chasing Too Few Ideas

Thursday, April 27th, 2017

After a frenzied 2015, funding for startups in China was expected to enter what industry insiders called “deep winter”—but the venture-capital industry is instead suffering a different headache: too much money, too few prospects.

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Trump Tax Cuts Don’t Solve Tech’s Massive Overseas-Cash Problem

Thursday, April 27th, 2017

The key issue for the biggest names in tech, the one-time tax rate on stockpiles of cash stashed overseas, remained unanswered by the president’s tax plan announced Wednesday.

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Verizon Invests in Self-Driving Car Startup Renovo

Thursday, April 27th, 2017

Verizon has invested in Renovo Auto, an autonomous-vehicle tech startup best known for turning a vintage DeLorean into a self-driving car.

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Uber Interviews Heavyweights for a Crucial Job: Handling Travis Kalanick

Thursday, April 27th, 2017

The ride-sharing giant has approached current or former officials from companies including Disney, Wal-Mart and CVS in a bid to revamp operations and bring discipline to its culture. ‘I need leadership help,’ the CEO said after a series of missteps.

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Hedge Fund Coatue Bets on Data Science

Wednesday, April 26th, 2017

Hedge fund Coatue Management showed that “big data” is both an investor tool and an investment target with its $27 million funding round for Domino Data Lab.

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Risk-Wary Banks Chill Bitcoin Market

Wednesday, April 26th, 2017

At least three bitcoin exchanges have said in recent weeks that they can’t process transactions in dollars, as global banks pull back from sectors they deem too risky.

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Samsung Says It Won’t Become a Holding Company

Wednesday, April 26th, 2017

Samsung said it won’t adopt a holding-company structure, putting an end to a monthslong corporate-governance review.

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State Banking Regulators Sue Federal Agency to Stop Charters for Fintech Firms

Wednesday, April 26th, 2017

State banking regulators sued a federal agency in an effort to prevent it from issuing specialty national banking licenses to financial-technology firms, a growing area of competition for traditional banking.

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Net Combatants: Groups Line Up for Net Neutrality Fight

Wednesday, April 26th, 2017

There is nothing quite like a fight over the internet. The Federal Communications Commission, which regulates telecommunications firms, is an independent agency, but that doesn’t insulate it from public pressure or lobbying by interest groups and industries.

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Amazon Echo Targets Age-Old Question: Does This Look Good on Me?

Wednesday, April 26th, 2017

Amazon.com, seeking a bigger slice of the clothing market, is casting itself as a style adviser with its latest Echo device. The internet-connected speaker includes a camera, enabling consumers to take videos and photos of their outfits and compare them.

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PayPal Posts Increased Profit, Revenue

Wednesday, April 26th, 2017

PayPal Holdings Inc. reported strong first-quarter revenue and usage growth on Wednesday along with plans to buy back as much as $5 billion worth of its own stock.

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Samsung Notches Highest Quarterly Profit in Three Years

Wednesday, April 26th, 2017

Samsung’s flourishing components business helped the South Korean tech giant notch up its highest quarterly profit in more than three years.

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Microsoft Earnings: What to Expect

Wednesday, April 26th, 2017

Investors will look for further growth in Microsoft’s cloud-computing business when the company reports earnings after the market closes Thursday.

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Amazon Announces Fashion-Tracking Camera Echo Look

Wednesday, April 26th, 2017

Amazon launched the Echo Look Wednesday, a new device that observes how users dress and offers fashion advice based on algorithms and technology, CNBC reported.The Echo Look is similar to Alexa, the…Photo Credit: Amazon

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How Evil Is Silicon Valley?

Wednesday, April 26th, 2017

The film “The Circle” zeroes in on the evils that ensue when tech companies inadvertently create a surveillance society—and all of us smartphone addicts willingly help, Geoffrey A. Fowler writes.

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‘Shark Tank’ Judge and Tech Investor Calls It Quits

Wednesday, April 26th, 2017

Chris Sacca, a judge on the television show “Shark Tank” and early investor in tech companies like Twitter and Uber, announced Wednesday that he will be retiring from venture capital and the television…Photo Credit: Getty Images for SXSW

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Twitter Revenue Slides for First Time Ever

Wednesday, April 26th, 2017

Twitter reported its first quarterly decline in revenue since going public, highlighting the stagnation the social-media company is battling. Still, results weren’t as bad as the market had expected, vaulting shares 11%.

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Tencent Expands Its Cloud-Computing Services in U.S.

Wednesday, April 26th, 2017

Chinese internet giant Tencent Holdings opened its first data center in Silicon Valley this week, expanding cloud computing services into the U.S. even as American companies complain they face growing restrictions when doing the same in China.

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