Security News

October 16, 2019

IBM quarterly revenue misses, shares fall

This post was originally published on this siteInternational Business Machines Corp missed analysts’ estimates for third-quarter revenue on Wednesday, overshadowing a profit beat and sending its shares down 3% in extended trading.
October 16, 2019

Netflix adds more-than-expected subscribers in third quarter

This post was originally published on this siteNetflix Inc added more-than-expected paid subscribers in the third quarter, boosted by the launch of new seasons of “Stranger Things” and “13 Reasons Why”, sending its shares up 5% in trading after the bell.
October 16, 2019

IBM beats profit estimates on cloud-computing growth

This post was originally published on this siteInternational Business Machines Corp beat analysts’ estimates for third-quarter profit on Wednesday, benefiting from growth in its high-margin cloud-computing business.
October 16, 2019

Facebook’s Libra faces ‘core’ legal, regulatory challenges: Brainard

This post was originally published on this siteU.S. Federal Reserve Governor Lael Brainard said on Wednesday that Facebook’s efforts to launch a Libra cryptocurrency must overcome a “core set of legal and regulatory challenges” before facilitating a single payment.
October 16, 2019

Facebook’s Libra facing ‘core’ legal, regulatory challenges before launch

This post was originally published on this siteU.S. Federal Reserve Governor Lael Brainard said Wednesday that Facebook’s efforts to launch a Libra cryptocurrency must overcome a “core set of legal and regulatory challenges” before facilitating a single payment.
October 16, 2019

Let’s do it together: Huawei seeks to allay EU concerns with appeal for 5G partnership

This post was originally published on this siteChinese telecoms manufacturer Huawei Technologies [HWT.UL] sought on Wednesday to assuage European concerns that it is a cyber security risk, saying it wants to help make the continent a world leader in next generation mobile networks.
October 16, 2019

FCC approves merger of T-Mobile, Sprint on vote split on party lines: sources

This post was originally published on this siteT-Mobile US Inc’s proposed $26.5 billion tie-up with Sprint Corp won formal approval from the Federal Communications Commission on Wednesday in a vote split along party lines, two sources told Reuters.
October 16, 2019

FCC approves merger of T-Mobile, Sprint on vote split on party lines

This post was originally published on this siteT-Mobile US Inc’s proposed $26.5 billion tie-up with Sprint Corp won formal approval from the Federal Communications Commission on Wednesday in a vote split along party lines, two sources told Reuters.
October 16, 2019

China’s Didi Chuxing deepens Latam push with plans to launch in Costa Rica

This post was originally published on this siteChinese ride-hailing giant Didi Chuxing is preparing to launch in Costa Rica, marking its first expansion into Central America, according to a job posting viewed by Reuters.
October 16, 2019

Facebook executive confident Libra will win enough financial backers

This post was originally published on this siteFacebook Inc , whose digital currency project Libra has been abandoned by several high-profile partners including PayPal, Visa and Mastercard, still expects to get 100 banks and financial firms on board once it addresses regulatory concerns, the head of the project said on Wednesday.
October 16, 2019

Xiaomi says widening India product range to shed budget image

This post was originally published on this siteChina’s Xiaomi Corp is shedding its image as a budget brand by widening its India product portfolio to include pricier, high-spec smartphones and smart TVs, a senior company executive said on Monday.
October 16, 2019

Facebook Libra should have ‘no problem’ getting 100 members on board by launch: executive

This post was originally published on this siteDavid Marcus, the head of Facebook’s digital currency project Libra, said on Wednesday the group should have “no problem” getting 100 members on board and that he expects banks and other financial firms to join once regulatory issues are addressed.
October 16, 2019

Ride-hailing companies Uber, Lyft won’t testify before Congress

This post was originally published on this siteUber Technologies Inc and Lyft Inc declined to appear on Wednesday at a U.S. House of Representatives hearing on issues relating to the ride-hailing industry, a congressional committee said.
October 16, 2019

Huawei unveils new 5G antennae ahead of China ramp

This post was originally published on this siteHuawei Technologies on Wednesday launched a new generation of 5G mobile antennae, anticipating an acceleration in the pace of network upgrades led by the three operators in its vast Chinese home market.
October 16, 2019

Huawei’s third-quarter revenue jumps 27% as smartphone sales surge

This post was originally published on this siteHuawei Technologies Co Ltd’s third-quarter revenue jumped 27%, driven by a surge in shipments of smartphones launched before a trade blacklisting by the United States expected to hammer its business.
October 16, 2019

Ride-hailing companies Uber, Lyft won’t testify before Congress: report

This post was originally published on this siteUber Technologies Inc and Lyft Inc have declined to appear at a U.S. House of Representatives hearing on Wednesday on issues relating to the ride-hailing industry, the Washington Post reported, citing company and congressional sources.
October 16, 2019

U.S. chipmaker Broadcom told to stop exclusivity deals till EU probe ends

This post was originally published on this siteU.S. chipmaker Broadcom has been ordered to halt exclusivity deals with six TV and modem makers for up to three years while EU antitrust enforcers investigate whether these agreements are aimed at thwarting rivals.
October 16, 2019

Exclusive: U.S. carried out secret cyber strike on Iran in wake of Saudi oil attack: officials

This post was originally published on this siteThe United States carried out a secret cyber operation against Iran in the wake of the Sept. 14 attacks on Saudi Arabia’s oil facilities, which Washington and Riyadh blame on Tehran, two U.S. officials have told Reuters.
October 16, 2019

Broadcom says EU antitrust order will not impact business, will challenge it

This post was originally published on this siteU.S. chipmaker Broadcom said on Wednesday that an EU antitrust order to halt certain business deals with six TV and modem makers will not have a material impact on its business and it will challenge the EU move in court.
October 16, 2019

UK watchdog opens formal probe of Amazon Deliveroo deal

This post was originally published on this siteBritain’s competition regulator said on Wednesday it had launched a formal investigation into Amazon.com Inc’s investment in food delivery company Deliveroo, setting a December 11 deadline for a decision https://reut.rs/2ONs4b0 on the first phase of its probe.
October 16, 2019

Broadcom ordered to stop exclusivity deals till EU probe ends

This post was originally published on this siteU.S. chipmaker Broadcom has been ordered to halt exclusivity deals with TV and modem makers while EU antitrust enforcers investigate whether these agreements are aimed at thwarting rivals.
October 16, 2019

UK competition watchdog launches investigation into Amazon’s Deliveroo deal

This post was originally published on this siteBritain’s competition regulator said on Wednesday it has launched an investigation into Amazon.com Inc’s investment in online food delivery firm Deliveroo.
October 16, 2019

Undercover entrepreneurs: fearful Mexican tech startups shun spotlight

This post was originally published on this siteIn Mexico’s burgeoning startup scene, publicity is the last thing many entrepreneurs want.
October 16, 2019

EU’s Vestager to hold news conference 09:30 GMT, spotlight likely on Broadcom

This post was originally published on this siteEuropean Competition Commissioner Margrethe Vestager will hold a news conference at 9:30 GMT, the European Commission said on Wednesday, with the focus expected to be on U.S. chipmaker Broadcom.
October 16, 2019

ASML tops profit forecast and sees surge in bookings

This post was originally published on this siteSemiconductor equipment maker ASML beat quarterly profit and bookings forecasts on Wednesday, continuing a strong run of results on demand for its latest chipmaking equipment.