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Business, Technology, Market, Wealth Valuation Analysis
Investors are growing impatient as Twitter’s CEO search drags on past 100 days. Jack Dorsey—the social network’s cofounder, chairman, former CEO, and current interim CEO—appears to be the top contender, but the board is hung up on the fact idea he won’t...
On the same day European regulators filed formal antitrust charges against Google last month, they also announced a new investigation into Google’s Android operating system. Meanwhile, the company faces fines in several European countries for its 2012...
Two days after Nenegate, we reported that the UK’s largest retail bank Barclays Plc had decided to offload its R120bn South African subsidiary Absa. That marked a significant reversal in a strategy which has seen SA’s largest retail bank progressively...
The Apple encryption conflict has turned nasty, as the Obama Administration, most Republicans and public opinion turn against the tech company. But, lo, Apple won its first court test on Monday, and its legal briefs against the court order to unlock an...
Palmer Luckey has been waiting for this year his whole life. As a teenager, he collected obsolete virtual reality headsets from the original VR boom of the early 90s, using them as the basis for his own hacked together prototypes. Then, four years ago,...
Facebook’s new “Reactions” – a thumbs-up, a heart and four faces with expressions ranging from mirth to shock, sadness and anger – are intended to help users better express their responses to posts. As Wired reported last week, advertisers are salivating...
When Facebook’s Mark Zuckerberg held talks with WhatsApp over what would become a mega, $19-billion takeover deal last February, he told the founders he’d love for their popular messaging app to “connect 4 to 5 billion people over the next five years.”...
Alibaba Group Holding Ltd. has been described as a mixture of Amazon.com Inc. and EBay Inc. during the preparation for its U.S. initial public offering. In the last quarter, Alibaba earned more than those companies combined. Operating income at China’s...
Canadian handset maker BlackBerry believes it is “well positioned” for the multi-billion dollar Indian enterprise market armed with smartphones across multiple price points and end-to-end mobility solutions. “Today, BlackBerry offers an unparalleled global...
DIMMED: South Korean tech giant Samsung Electronics Co Ltd said it was discontinuing its light emitting diodes lamp business in all markets except South Korea. — Reuters SEOUL: Samsung Electronics Co Ltd said on Monday that it will cease its light emitting...
While SA is just starting to see the first signs of true 4Gtechnology (LTE-Advanced), some of its international counterparts have made progress with plans to get ahead in the global 5G race. Recently, South Korean tech giant Samsung Electronics announced...
Facebook’s experimented with ways to surface old Memories since 2010. But after seeingTimehop hit 6 million daily users on mobile, Facebook is officially launching a competing nostalgia feature called “On This Day.” It shows users their Facebook posts...
Mark Zuckerberg has often described Facebook as a newspaper for its users. A place where the stories that are interesting to them — the births, the birthdays, the parties, the gossip — are laid out every morning. Now, however, this comparison is becoming...
It's sometimes hard to recall just how revolutionary iTunes was on its debut in 2001. It arrived during a genuine revolution in music, as the industry lurched from the comfort of CDs to the unknown territory of digital. The market was dominated by Real...
As IT continues in a zigzag path of figuring out what to do with this "cloud" stuff, it seems that some companies are getting ahead of themselves. In particular, the concept of outsourcing storage to a cloud provider puzzles me. I can see some benefits...
I explain loftily that spectrum is nothing to do with a 1960s children's programme but is "the hidden infrastructure that underpins technology, manufacturing and services". That at least is how Ofcom's boss Ed Richards describes it, in a very high-fibre...
Phew - we've just come off air after our weekly World Service radio programme Tech Tent, and I think we may have just achieved a world first. I wrote earlier this week about my experience with Google Glass, and that we were puzzling about how we might...
Euro-area inflation slowed in August and the region’s unemployment rate remained close to a record, increasing pressure on the European Central Bank to take action to kindle the bloc’s faltering recovery. Consumer prices rose 0.3 percent in August from...
West Texas Intermediate headed for the first weekly gain in more than a month as U.S. economic growth beat estimates, bolstering the demand outlook in the world’s largest oil consumer. Brent rose in London. Futures climbed as much as 0.6 percent in New...
According to Ripple Labs CEO Chris Larsen, today’s Internet, the “Internet of knowledge,” may be complemented by an “Internet of value exchange” that could replace the correspondent banking system. The late linguistics and political columnist William...
Goldman Sachs said Friday it will repurchase mortgage-backed securities from Fannie Mae and Freddie Mac. Goldman Sachs GS 0.18% has agreed to pay $3.15 billion to repurchase mortgage-backed securities from Fannie Mae and Freddie Mac to settle accusations...
The Seattle online retailer reportedly wants in on the multi-billion dollar market. Can Amazon challenge Google’s dominance in online advertising? Amazon intends to find out, according to a Wall Street Journal report. The online retailer is building a...
America’s second chief technology officer is moving on. Todd Park is planning to step down as U.S. Chief Technology Officer by year-end, Fortune has learned from sources familiar with the situation. He is expected to take on a new White House role, working...
Company that performs background checks for U.S. government is hacked; state sponsored hackers suspected. Personal information at least 25,000 government workers has been compromised in a data breach at US Investigations Services, a company that does...
Android design exploited to hijack data in seven popular apps including H&R Block, Hotels.com and Chase. Researchers have found a weakness in Google’s popular Android operating system that let them hack into Gmail accounts with a 92% success rate. The...
