SAP says restrictions on new recruitment not a general hiring freeze German business software company SAP denied a media report on Friday that said it has imposed a complete freeze on recruitment in order to meet financial targets this year, while reiterating that it had restricted new hirings in some […]
Facebook offers tool to combat fake news in Kenya ahead of polls Facebook (FB.O) rolled out a tool this week to help Kenyan users spot fake news ahead of a hotly-contested presidential election that has seen supporters of rival candidates trade bitter words online. Voters go to the polls on […]
TIM says Vivendi’s ‘direction’ role due to management change, JV Top investor Vivendi last month notified the board of Telecom Italia (TIM) that it was “directing and coordinating” the phone company because it planned to appoint one of its own managers at the Italian group, TIM said on Friday. In […]
Activision Blizzard’s FY forecasts get a lift from ‘Overwatch’ Activision Blizzard Inc raised its full-year adjusted revenue and profit forecasts for the second time on Thursday, as the videogame publisher benefits from higher digital sales and the popularity of its multi-player futuristic game “Overwatch”. The company raised its full-year adjusted […]
Seed funding slows in Silicon Valley The bloom is off seed funding, the business of providing money to brand-new startups, as investors take a more measured approach to financing emerging U.S. technology companies. Seed-stage financing has been sliding for the last two years, with the number of transactions down about […]
Tesla surges as Wall Street bets on Model 3 Tesla Inc (TSLA.O) jumped over 6 percent on Thursday as its quarterly report fueled bets that its new Model 3 sedan would propel the luxury electric carmaker into the mainstream. Chief Executive Elon Musk is counting on the Model 3, Tesla’s […]
Yelp to sell Eat24 for $287.5 million, authorizes share repurchase Yelp Inc (YELP.N) said on Thursday it would sell its Eat24 business to Grubhub (GRUB.N) for $287.5 million in cash, news along with better-than-expected quarterly revenue that drove its shares up more than 18 percent. The consumer review website operator […]
GoPro bets on Hero6 as it plots return to adjusted profitability GoPro Inc (GPRO.O) forecast a smaller-than-expected loss, and said it was on track to launch the latest version of its flagship camera by the holiday season, as the company seeks to achieve its goal of returning to adjusted profitability […]
Cyber expert who stopped ‘WannaCry’ attack arrested in U.S. on hacking charges A cyber security researcher widely credited with helping to neutralize the global “WannaCry” ransomware attack earlier this year has been arrested on unrelated hacking charges, according to court documents unsealed on Thursday. Marcus Hutchins, a 23-year-old British-based malware […]
Uber takes action to fix unsafe cars rented to Singapore drivers Uber Technologies Inc said on Friday it has taken action to fix defective cars that it had rented to drivers in Singapore and was coordinating with regulators in the city state to resolve any concerns. The Wall Street Journal […]
