Technology News

Wall Street technology share selloff leaves Apple bruised

SAN FRANCISCO Shares of Apple have been more bruised than those of other Silicon Valley heavyweights by a technology stock selloff this week, with many on Wall Street cautious following the iPhone maker's rally in recent months. While its stock may not appear expensive in terms of expected earnings, some investors believe further gains in Apple will be less likely as an expected iPhone launch approaches. "Anticip...

15 Jun 5:13 PM 0 Read More...

Messaging startup Slack said to draw interest from Amazon - Bloomberg

Slack Technologies Inc, a corporate chatroom startup, has received inquiries about a potential takeover from technology companies, including Amazon.com Inc (AMZN.O), Bloomberg reported on Thursday. A deal could value the company at at least $9 billion, the report said, citing people with knowledge of the matter. (bloom.bg/2s3CqrD) Slack declined to comment, while Amazon did not im...

15 Jun 4:21 PM 0 Read More...

Verizon to incur $500 million in pre-tax costs from Yahoo deal

Verizon Communications Inc (VZ.N) said on Thursday it expected to incur about $500 million in pre-tax expenses in the second quarter as a result of its $4.48 billion purchase of Yahoo Inc's (YHOO.O) core business.Verizon is combining Yahoo's internet assets with AOL, which it bought two years ago, to form a venture called Oath, led by AOL CEO Tim Armstrong. Oath's more than 50 brands include HuffPost, TechCrunch a...

15 Jun 2:34 PM 0 Read More...

Twitter rolls out tweaks to its website, mobile applications

Twitter Inc said it would roll out a series of tweaks to its website and mobile applications from Thursday to further simplify the microblogging service's interface for its users.The changes include a new circular profile picture, a speech bubble instead of an arrow to reply to tweets and refinements to the fonts. Tweets on the company's mobile applications would now update instant...

15 Jun 1:13 PM 0 Read More...

Uber's open COO job in the spotlight amid leadership void

SAN FRANCISCO With Chief Executive Travis Kalanick taking a leave of absence from Uber Technologies Inc, the vacant job of chief operating officer takes on a lot more importance as the company frames the position as key to solving its woes.Kalanick, under fire for crass behavior and fostering a culture of sexism and rule-breaking, in early March announced he was searching for a COO to help run the ride-services c...

15 Jun 1:03 AM 0 Read More...

AIG teams with IBM to use blockchain for 'smart' insurance policy

Insurer American International Group Inc (AIG.N) has partnered with International Business Machines Corp (IBM.N) to develop a "smart" insurance policy that uses blockchain to manage complex international coverage, the companies said on Wednesday.AIG and IBM completed a pilot of a so-called "smart contract" multi-national policy for Standard Chartered Bank PLC which the companies said is the first of its kind usin...

14 Jun 11:55 PM 0 Read More...

Nokia targets gains from web giants with fastest routers

SAN FRANCISCO Nokia (NOKIA.HE) launched the world's fastest network chips on Wednesday, breaking into the Juniper (JNPR.N) and Cisco (CSCO.O) dominated core router market and giving its existing network business a boost.The new traffic routers can handle the greater demands of virtual reality programming, cloud-based internet services and next-generation mobile communications, the Finnish company said.Nokia's new...

14 Jun 7:41 PM 0 Read More...

Facebook to add fundraising option to 'Safety Check'

Facebook said on Wednesday it would soon allow its U.S. users to raise and donate money using its "Safety Check" feature, to make it easier for people affected by natural disasters and violent attacks to receive help."Safety Check," launched in 2014, allows Facebook users to notify friends that they are safe. The feature was used for the first time in the United States last year after a gunman massacred 49 people ...

14 Jun 2:17 PM 0 Read More...

Japan govt-led bid for Toshiba chip unit to include SK Hynix: sources

TOKYO/SEOUL A Japanese government-led consortium bidding for Toshiba Corp's chip business will include South Korean chipmaker SK Hynix Inc, sources familiar with the matter said – a move likely to add firepower to the group's bid in the hotly contested auction.The sale has seen much tense last-minute jockeying by suitors, leaving the conglomerate little time to come to a decision by its shareholders meeting at ...

14 Jun 6:35 AM 0 Read More...

Uber director David Bonderman resigns from board following comment about women

SAN FRANCISCO Uber Technologies Inc director David Bonderman said on Tuesday that he has resigned from the company's board following a remark he made during an Uber staff meeting that was widely seen as offensive to women.Bonderman's ill-timed remark came during an all-staff meeting Tuesday to discuss of how the ride-services company plans to transform itself following a probe into sexual harassment at the compan...

14 Jun 3:25 AM 0 Read More...