Toshiba shares jump by almost a fifth after Greenlight stake, court hearing Toshiba Corp shares jumped by nearly a fifth on Tuesday after a U.S. hedge fund said it had added a stake and the Japanese conglomerate avoided an immediate court injunction on a planned $18 billion sale of its […]
Samsung, America Movil announce partnership in Latin America Samsung Electronics Co Ltd and America Movil, the telecoms company controlled by Mexican billionaire Carlos Slim, said on Tuesday they had signed an agreement to provide the latest technology to Latin American consumers. The aim of the partnership is to deliver the […]
Uber-style app ‘Careem’ goes off beaten track in Palestinian West Bank West Bank (Reuters) – Careem, a Middle Eastern rival to Uber, has become the first ride-hailing firm to operate in the Israeli-occupied West Bank. Dubai-based Careem, whose name is a play on the Arabic word for generous or noble, […]
Britain’s cyber security center says has never certified Kaspersky products Britain’s National Cyber Security Centre said on Tuesday it had never certified products from Russian cyber security firm Kaspersky Lab. “The NCSC certifies products through a range of initiatives, and vendors apply to have their products certified via one of […]
Western Digital CEO meeting Japan officials over Toshiba: sources Western Digital Corp’s top executive is in Japan to meet government officials, aiming to resolve a dispute with Toshiba Corp over the Japanese company’s planned sale of its chip business, sources familiar with the matter said on Tuesday. Toshiba is scrambling […]
GM joins other carmakers investing in self-driving startup Nauto General Motors Co (GM.N) and Japan’s Softbank Group Corp (9984.T) are among the latest investors in Nauto, a Silicon Valley startup developing software for self-driving vehicles. Nauto, based in Palo Alto, said on Tuesday it closed a $159 million Series B […]
Netflix wins international Crown with original shows Twenty years after Reed Hastings co-founded Netflix Inc (NFLX.O), and a decade after the company introduced video streaming, it hit another milestone – one that is key to its ability to sustain its scorching pace of growth. International subscriber count increased 8.6 percent […]
IBM misses revenue estimates, weighed down by legacy businesses IBM Corp (IBM.N) on Tuesday reported a lower-than-expected quarterly revenue, as growth in its higher-margin businesses that include cloud and artificial intelligence services failed to make up for declines across legacy business segments. IBM’s shares fell 3 percent to $149.15 in […]
Amazon makes cloud contract more customer-friendly as rivals loom Amazon.com Inc (AMZN.O) has done away with a controversial clause in its cloud computing contracts that prohibited customers from suing the company over patent infringement, according to an updated version of the Amazon Web Services customer agreement released on Thursday. The […]
Silicon Valley mostly quiet in internet surveillance debate in Congress Facebook Inc (FB.O), Alphabet Inc’s Google (GOOGL.O), Apple Inc (AAPL.O) and other major technology firms are largely absent from a debate over the renewal of a broad U.S. internet surveillance law, weakening prospects for privacy reforms that would further protect […]
