Tag: tech

October 6, 2016

China’s Lenovo Group LNVGY 2.71% is in talks to bring Fujitsu’s FJTSF 30.26% personal computer business under its control, allowing the Japanese company to focus on IT services and other businesses, a source with direct knowledge of the talks said. […]

September 28, 2016

Qualtrics, a “customer-service experience management” company that specializes in gathering customer feedback through online surveys, is a big deal in Provo, Utah. It now employs 1,200 people, claims 65% of the Fortune 500 as customers, and enjoys a valuation of […]

September 21, 2016

Back in April, the British car manufacturer Jaguar Land Rover launched a standalone technology business called InMotion, through which it said it would develop new mobility services for things like car-sharing. InMotion has a lab that comes up with ideas […]

September 21, 2016

Decade-old startup d.light has sold solar-powered lanterns and lights to millions of customers in off-grid rural areas like Sub-Saharan Africa. But now the company, founded by two Stanford entrepreneurs, is shifting its focus to grow its business of selling larger, […]

September 19, 2016

Tech giant Samsung Electronics said on Sunday it sold shares in four companies including ASML Holding NV and Seagate Technology to free up money for additional investments for its core businesses. Samsung said in a statement it sold about half […]

September 16, 2016

An Apple iTunes unit in Japan was ordered to pay some 12 billion yen ($118 million) in tax by local authorities after underreporting income, media reported Friday. The unit has since paid the amount, the reports said. The Tokyo Regional […]

September 9, 2016

Apple introduced new versions of the iPhone and Apple Watch on Wednesday, but Apple’s stock price barely budged. That might be due to the plethora of accurate leaks about the new products over the past few months. Nevertheless, Wall Street […]

September 8, 2016

It’s better to be small than to fade away. After months of rumors, Hewlett Packard Enterprise confirmed on Wednesday that it would spin off its software business to U.K. software maker Micro Focus. Under the terms of the $8.8 billion […]

September 2, 2016

Uber Technologies has filed an $8 million building permit with the City of Oakland to undergo heavy-duty renovations on the old Sears building that will house its new corporate headquarters. The ride-services giant filed the permit on Tuesday, according to […]

August 30, 2016

The European Commission will rule against Ireland’s tax dealings with Apple AAPL -0.11% on Tuesday, sources familiar with the decision told Reuters, one of whom said Dublin would be told to recoup over 1 billion euros in back taxes. Commissioner […]

August 26, 2016

Ride-hailing giant Uber lost at least $1.27 billion before interest, taxes, depreciation and amortization in the first six months of 2016, Bloomberg reported on Thursday, citing people familiar with the matter. The subsidies Uber grants its drivers was the main […]

August 19, 2016

Here’s why Uber is so unbelievably aggressive: Its CEO believes he’s playing a zero-sum game. On Thursday, the ride-hailing company announced it has signed a $300 million deal with Volvo and acquired Otto, a young startup developing self-driving technology for […]

August 16, 2016

Oracle’s $9.4 billion acquisition of NetSuite late last month has Wall Street bankers frothing at the mouth on the hopes that the software giant is set to go on a spending spree of epic proportions. But while Oracle is no […]

August 12, 2016

Toshiba on Friday said extensive restructuring helped the Japanese conglomerate swing to its first operating profit in six quarters, signaling recovery from a $1.3 billion accounting scandal that unmasked underperforming operations. Toshiba, whose output is as diverse as consumer electronics […]

August 9, 2016

Italy’s anti-trust agency said on Monday it had fined German carmaker Volkswagen 5 million euros ($5.54 million) for allegedly misinforming car buyers about diesel emissions results. Read More on Fortune

August 8, 2016

I’d be lying if I said my week didn’t start off with a bang when rumors surfaced—and were soon confirmed—that Uber was selling off its Chinese business to local rival Didi Chuxing in a $35 billion deal. If you need […]

July 29, 2016

Amazon continued to wow Wall Street with record profits in its second quarter earnings, blowing past analyst expectations on profit and revenue. Here are the five things to know from the e-commerce giant’s earnings. 1. Amazon posted record profits of […]

July 26, 2016

Verizon’s long-expected deal to buy Yahoo’s core Internet assets is winning the acquiring telecom colossus lots of praise from pundits and analysts for adding “hundred of millions of eyeballs,” and affording the opportunity for major “cost synergies.” The chorus is […]

July 22, 2016

Tech giant Samsung Electronics said on Friday it sued Huawei Technologies for patent infringements through multiple courts in China, escalating a legal conflict between the smartphone rivals. The suits mark the latest salvo in a fight between the world’s No. […]

July 21, 2016

Qualcomm forecast current-quarter profit largely above market estimates as demand for its mobile chips rose and the company made progress with its licensees in China. Shares of the company, which also posted a better-than-expected third-quarter profit, rose 5.5% in extended […]