Technology News

HPE shares soar on $7 billion repurchase plan, upbeat forecast

(Reuters) - Shares of Hewlett Packard Enterprise (HPE.N) rose 7 percent to a record in early trading on Friday after the company unveiled a $7 billion share buyback program, reported strong quarterly results and raised its full-year profit forecast. At least eight brokerages lifted their price targets on the stock. The results were the first under new Chief Executive Officer Antonio Neri, who took over from Meg Whitm...

23 Feb 2:47 PM 0 Read More...

'Sooner, faster, now' - the companies surfing the e-commerce wave

LONDON (Reuters) - Amazon’s (AMZN.O) assault on the retail industry has brought misery to traditional retailers without a strong web presence. Less well noticed is the patchwork of European companies that are turning the e-commerce revolution to their advantage, supplying online giants with everything from forklift trucks and storage space to cardboard boxes and automated warehouses. Mainly bricks-and-mortar retai...

23 Feb 1:33 PM 0 Read More...

States refile lawsuits to block repeal of U.S. net neutrality

WASHINGTON (Reuters) - A coalition of 22 state attorneys general and the District of Columbia on Thursday refiled legal challenges intended to block the Trump administration’s repeal of landmark rules designed to ensure a free and open internet from taking effect. The Federal Communications Commission officially published its order overturning the net neutrality rules in the Federal Register on Thursday, a procedur...

22 Feb 8:57 PM 0 Read More...

Intel did not tell U.S. cyber officials about chip flaws until made public

(Reuters) - Intel Corp did not inform U.S. cyber security officials of the so-called Meltdown and Spectre chip security flaws until they leaked to the public, six months after Alphabet Inc notified the chipmaker of the problems, according to letters sent by tech companies to lawmakers on Thursday. Current and former U.S. government officials have raised concerns that the government was not informed of the flaws befor...

22 Feb 8:22 PM 0 Read More...

Groups refile lawsuits to block net neutrality reversal

WASHINGTON (Reuters) - Web browser developer Mozilla Corp and video-sharing website Vimeo Inc said on Thursday they had refiled legal challenges intended to block the Trump administration’s repeal of landmark net neutrality rules from taking effect. A coalition of more than 20 state attorneys general led by New York’s Eric Schneiderman separately plans to refile a legal challenge as early as today. The Federal Co...

22 Feb 5:50 PM 0 Read More...

Wait, I know you: home security startup taps face-recognition tech

(Reuters) - A team of engineers that worked on self-driving cars and helped invent Google Street View wants to help people guard their homes against intruders using the same style of facial recognition that unlocks smart phones. Lighthouse AI, their startup, on Thursday released a home security camera that uses a 3D sensor similar to that found in Apple Inc’s iPhone X. The sensor helps the camera recognize the face...

22 Feb 4:40 PM 0 Read More...

Irish taxman sees disputed Apple bill remaining around $16 billion

DUBLIN (Reuters) - Ireland expects the final disputed tax bill that the European Commission ordered it to collect from Apple (AAPL.O) to be “in the ballpark” of the 13 billion euros ($16 billion) estimated, the head of the country’s tax collectors said on Thursday. “It’s in that ballpark,” Revenue Commissioners’ chairman Niall Cody told a parliamentary committee when asked if the bill his office is obli...

22 Feb 3:39 PM 0 Read More...

Uber will aggressively invest in SE Asia, preserve strategy post SoftBank deal

NEW DELHI (Reuters) - Uber Technologies Inc’s chief executive pledged to continue investing aggressively in Southeast Asia even though the U.S. ride hailing firm expects to lose money in the fast growing market due to costly battles with rivals such as Grab. SoftBank’s (9984.T) 15 percent stake purchase in Uber last month has opened up the possibility of combining Uber with other ride-hailing assets the Japanese ...

22 Feb 9:28 AM 0 Read More...

U.S. SEC publishes updated guidance on cyber breach disclosure

WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission published on Wednesday updated guidance on how public companies should disclose cyber security risks and breaches. The SEC unanimously approved the additional guidance Tuesday, saying it would promote “clearer and more robust disclosure” by companies facing cyber security issues, according to Chairman Jay Clayton. The new guidance says that compan...

21 Feb 6:40 PM 0 Read More...

Broadcom cuts Qualcomm offer to $117 billion after new NXP deal

(Reuters) - Microchipmaker Broadcom Ltd (AVGO.O) cut its bid for Qualcomm Inc (QCOM.O) on Wednesday by 4 percent to $117 billion as it objected to Qualcomm’s decision to raise its own bid for NXP Semiconductors. The move appeared to lower the chances of a negotiated deal between Broadcom and Qualcomm, setting up a showdown on March 6, when Qualcomm shareholders will elect an 11-member board and decide whether to ha...

21 Feb 6:29 PM 0 Read More...