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Euronet Worldwide Tops Offer by Ant to Acquire MoneyGram

Euronet Worldwide Inc. the U.S. based electronic payments company launched a bid of $1 billion for MoneyGram International on Tuesday. Euronet argued that its deal involving two American companies would not face as much scrutiny from regulators as a lower bid from Ant Financial Services from China would. Ant Financial, which is a financial services affiliate of online giant Alibaba Group, said it was committed to its offer. Ant Financial and MoneyGram continues working in cooperation under terms of the agreement to merge between the two and progress... 
 

Snapchat Could Be Given Difficult Test by Asia Rival

The big rival to Snapchat in Asia could spell trouble. Snow is known for its popular animated face filter that is making this messaging app grow rapidly in popularity. Users across Asia, especially girls are in love with the pretty and cute things that Snow offers, said its spokesperson. Because of that, the messaging app gives it young users, who are predominantly female, a number of options to use with most tailored to the huge Asian market. This approach has helped to make Snow so highly successful across Asia that Snapchat might already be shut... 
 

Tech Giant in Asia Not Planning to Please Trump

China’s largest maker of smartphones does not have any plans to follow other large tech companies in Asia by meeting with U.S. President Donald Trump and delivering promises of new jobs in the U.S. Richard Yu, the consumer business chief with Huawei said the company is not like Jack Ma. Yu said Ma is more active, but Huawei is more humble. Yu when making those comments had been referring to Ma, the charismatic founder of Alibaba the tech giant based in China, who has met with President Trump during January pledging new jobs in the United States. The... 
 

CEO at Uber Orders Sexual Harassment Investigation

Uber, the ride-hailing startup, has announced that it will open an investigation after one of its former employees made allegations to the public of sexism as well as harassment at the company. A former engineer, Susan Fowler, who on Sunday published a blog post that detailed her experiences while at Uber, has claimed that the business would not do anything more than issue warnings to her superior after Fowler and other female employees had complained about the alleged sexual harassment. Fowler wrote she had been blamed after she made several reports... 
 

Top Official in Italy Says Facebook Must Act on Hate Speech

On Monday, the president of the lower house of parliament in Italy said Facebook needs to do more to end hate speech on the social media site. She warned that increasing abuse on a number of social media sites was driven by the increase of fake news. The Italian lawmaker, Laura Boldrini, is herself the focus often times of online threats and sexist insults. She complained last November to managers at Facebook about the hate speech on the site and pressured them to handle the problem. In parliament on Monday, she told lawmakers that two months following... 
 

Uber Fights Trump Immigration Order with Driver’s Legal Fund

Just hours after the co-founders of Lyft announced a donation of $1 billion to defend the Constitution to the American Civil Liberties Union, CEO Travis Kalanick at Uber opened his wallet as well. The Uber CEO promised via a post on Facebook that the ride-hailing company was going to create a legal defense fund of $3 million to help those drivers that were affected by the White House’s move to restrict refugees and immigrants from seven countries that are majority Muslim. The legal fund will be established to help drivers with translation and... 
 

Microsoft Posts Higher Profit on Cloud Service Demand

On Thursday, Microsoft Corp posted a rise of 3.6% in profit for its fiscal second quarter, helped from growth in its rapidly growing business of cloud computing. However, the company experienced a small decline in its margins for its unit that includes Azure the company’s flagship cloud platform. Shares at the biggest software business in the world were 1.1% higher in trading afterhours on Thursday. Since he took charge of the company in 2014, CEO Satya Nadella has been able to steer it toward mobile applications and cloud services and away... 
 

Hugo Barra Leaving Xiaomi for Silicon Valley

Hugo Barra is returning to Silicon Valley. The international chief at Chinese smartphone maker Xiaomi stepped down following a turbulent run of four years that saw the company rise to the top of its China phone market prior to local rivals mimicking its model and surging past it. Barra is a former executive with Google and will return to Silicon Valley after being hired away buy Xiaomi during 2013 to represent the company at a global level. On Monday, in a post on his Facebook, Barra announced that it was the right time for him to return home and... 
 

St. Jude Medical to Release Update Fixing Hacking Vulnerability

This week St. Jude Medical said it has starting deploying updates to its system of Merlin.net Patients Care Network. The security updates followed reports that during the latter part of 2016 the [email protected] transmitter that is used to monitor specific implanted devices of St. Jude Medical could be hacked and used potentially to kill the patient. The implants involved span pacemakers – Endurity and Assurity – and Implantable Defibrillators – Fortify Assura and Ellipse. Reports of vulnerability prompted the U.S. Food and Drug Administration... 
 

Twitter Chief in China Steps Down

Twitter Inc’s announced that is controversial chief for its operations in China departed the company after just eight months. This is the latest executive that has left the micro-blogging company amidst its reorganization across the globe. A number of Twitter executives have left the business since October when it announced layoffs amidst continued red numbers. Profitability has been a constant challenge for the social network and its growth in revenue has now slowed. In a group of tweets December 31, Kathy Chen the Managing Director in China... 
 

Toshiba Has $6.6 Billion of Market Value Wiped Away by Investors

Toshiba has dreamed of becoming a leader in the nuclear energy industry. Those dreams are now only big nightmare’s for the Japanese based company. Jittery investors have wiped off more than $6.6 billion of the market value of the company after it released a warning of extremely large losses linked to its acquisition during 2015 of a nuclear construction business in the United States. Shares of the Japanese company plunged 17% more during Thursday trading. Losses during the last three trading days now have reached 42%, driven by the most part by... 
 

Panasonic and Tesla to Begin Solar Cells Production in New York

Panasonic Corp together with Tesla Motors announced on December 27 that they have reached an agreement to begin production of photovoltaic cells and modules in a Buffalo, New York factory. The two companies released a joint statement that said the two were planning to begin production of the PV modules in 2017 during the summer and by 2019 increase to a gigawatt of module production. These PV cells and modules are high-efficiency and will be used for producing solar panels for non-solar roof products said the joint statement released by both. When... 
 

President Obama Take Steps to Block Chip Maker Acquisition by Chinese Company

On Friday, President Barrack Obama moved to block a deal by a Chinese company to acquire a German based high-tech business due to national security grounds. This is an unusual step that might make for more tensions between Donald Trump, his successor, and the government of China that is determined to make its capabilities in technology better. The intervention in the bid by the Chinese company to acquire Aixtron a semiconductor company in Germany comes after companies in China have dished out billions of dollars to buy technology both in the U.S.... 
 

GoPro Planning to Cut 200 Jobs

GoPro, the maker of action cameras made to be worn on the body that have become the favorites of thrill-seekers, athletes and anyone who wants to take a video of almost anything, has said that it would eliminate up to 200 jobs in order to keep its costs down. The CFO at GoPro Brian McGee announced during a webcast that the company would cut its overall workforce by approximately 15% or close to 200 of its full time workers and would also reduce the number of contractors it uses. GoPro will eliminate the entertainment unit it has as well. McGee said... 
 

DraftKings and FanDuel Finally Will Merge

The two giants of daily fantasy sports DraftKings and FanDuel agreed to a merger following a tumultuous year where both saw their market value plunge as a number of attorneys general brought up questions about the legality of the games they promote in their individual states. The merger needs approval of regulators and is one that will take some time. Both companies said they were expecting the deal to close during the second six months of 2017. While waiting for the closing, the two companies will remain operating under their prior brands. This... 
 

Google Capital Has Stake in Snapchat

Google’s parent Alphabet Inc now has a share of Snapchat. Google Capital, one of two venture capital companies of Alphabet quietly added a stake in Snapchat to its investments on Friday. There were few details provided by the company in the way of timing, reasoning or the size of the investment in Snapchat that was made by Google Capital. A spokesperson at Google confirmed Snapchat was one of the companies in the portfolio of Google Capital, but would not comment any further than confirming the stake. A Snapchat spokesperson said the company... 
 

Report: Uber Dominates Ride Market in U.S.

Wednesday report indicated that Uber has in effect won the market war across the U.S. for ride-hailing although its biggest competitor Lyft continues to gain more market share. Uber is the dominant force in every city in the U.S. where it is present, said a lead analyst on Wall Street from the company that reviewed purchasing data from credit cards from more than 2.5 million consumers in the U.S. and usage of mobile-apps from over 50 million mobile devices worldwide. In the hometown of the startup, San Francisco, Uber holds a market share of 71%... 
 

Theranos Closing Labs and Cutting Jobs

Theranos founder and CEO Elizabeth Holmes said late on Wednesday that the business would close its labs and its testing centers for Walgreens. The letter, which was posted on the website of the company, was an epitaph for the business that at one time was a celebrated Silicon Valley business that Holmes touted would change  the world though its inexpensive, simple pinprick blood test. In interviews with print publications, appearances on TV and speeches around the globe, Holmes said the Theranos innovation would give consumers power by allowing... 
 

Europe: YouTube Must Pay Artists More

Europe has started a new battle in its fight against big tech from the U.S., as it announced draft rules that could make YouTube as well as others pay more to the world’s music industry. European Union law is administrated by the European Commission, which has proposed new copyright laws for all of Europe saying it wanted to strengthen the rights of the different artists and to make sure they were compensated fairly with profits made from their work. If these new rules are approved, they will force the different music streaming services like Dailymotion... 
 

Google Asia is Faster as Undersea Cable Reaches Data Center

People online across Asia could be enjoying faster access to some services on Internet starting today as news was released that Google switched on its latest high-speed undersea cable, bringing faster connectivity to its services within the region. In 2014, a consortium of six companies that included Google, China Telecom Global, China Mobile International, KDDI, Singtel and Global Transit unveiled their plans to create an undersea, transpacific cable system 9,000 kms in length. The cable spans from the U.S. state of Oregon on the west coast to... 
 

Samsung Stops Shipments of Smartphone Galaxy Note 7

South Korea based Samsung Electronics has seen a revival in its mobile sector of late, but all of that was thrown into great doubt as the tech titan stopped all shipments in South Korea of its new  smartphone the Galaxy Note 7. Investors dragged down the market capitalization of the company by $4 billion on Thursday after the company confirmed late on Wednesday the delay in shipping of its waterproof, larger-screen Galaxy Note 7, which was not been in the market for even two weeks. A spokesperson for Samsung said he could not say if the delay also... 
 

Facebook Changes Trending News to Be More Automated

On Friday, Facebook said it was automating its feature trending stories further, a move that scales back the human input in order to prevent any personal bias from influencing the stories that are highlighted. The giant of social media will have an algorithm it relies on heavily to operate this feature, which lists the news or the events that are hot topics. This will not require people to write out descriptions, said a Friday blog post by Facebook. The feature earlier this year prompted some controversy with critics saying that the new curators... 
 

HP Posts Lower Revenue and Earnings

Revenue as well as earnings at HP Inc contracted during the most recently ended quarter, but the business showed new signs of stabilization in its declining PC business, its largest generator of revenue The company, based in Palo Alto, California said that revenue from personal systems was flat for the quarter following five consecutive quarters of declines, as PC sales in the unit were up 4%. Revenue dropped by 14% for the printing business, which is what generates the majority of profits at HP. This reflected more use of file sharing and email... 
 

Sales of Apple Watch Plummet 55%

For just the first time, the global smartwatch market experienced a decline year over year of more than 32% showed data released by International Data Corporation or IDC an online research firm. While Apple remained the market leader with over 1.6 million smartwatches shipped during the second quarter of 2016, it was the sole vendor amongst the top 5, which includes Samsung, LG, Lenovo and Garmin, to see a decline for the year in shipments. The decline was not small but quite steep as shipments of Apple Watch were more than cut in half from over... 
 

Seagate to Eliminate 6,500 Jobs Despite Hard Disk Demand

Seagate Technology will eliminate approximately 6,500 jobs across the globe, which is equivalent to about 14% of its overall workforce, it announced on Monday. The company has announced in June that it was cutting 1,600 jobs that equaled 3% of its workforce. That cut was said to take place prior to the end of its September quarter as a way to cut costs. However, the most recent job cut announcement suggests the company is feeling the need to lower costs even further as its hard disk drives continue to battle in a PC market that remains sluggish... 
 

Netflix and Comcast Set Feud Aside for Top Box Deal

Netflix has entered into a deal with Comcast that is pleasing to those people looking to stop buying complete cable programming and just channels they are interested in watching. Netflix’s streaming service will soon be available on Comcast X1 set top boxes that will make it easier for the Comcast subscriber of its TV platform that is cloud based to access the exclusive content Netflix such as House of Cards and Orange is the new Black. The two companies through a joint statement said that there was a great deal of work that needed to be completed... 
 

Strong Dollar Will Cost Apple and Others Sales Following Brexit

Investors should be getting ready to listen to more negative impact of foreign exchange of currency on financial results from large tech companies in the U.S. That is due to the U.S. dollar strengthening which started over a year ago on the fears of problems in the economy in China. It will accelerate now because of the decision by voters in the UK to exit the European Union. If what has happened of recent is any indication, the currency moves driven by Brexit will likely take their toll on tech giants such as Apple, Facebook, Microsoft, Alphabet... 
 

Twilio the Communications Startup Files for Initial Public Offering

Even though there currently is a cool market for IPOs, communications startup Twilio Inc based in San Francisco has decided to take the plunge and filed for an initial public offering. On Thursday, the company disclosed that it filed for an IPO. It is the first business that is private and valued at $1 billion by venture capitalists to file since Nutanix Inc the data storage vender did so in December of 2015. Twilio said it is intending to raise up to $100 million in its IPO. The company is listing its shares with the New York Stock Exchange with... 
 

Twitter Might Remove Links and Photos from Tweet Limit

For many years, users of Twitter have been complaining that photo and links URLs are counted against the 140-character limit for tweets. Now that might change finally as according to a new report online, Twitter is going to stop including the links and photos in a tweet’s character counts likely within the next few weeks. URLs are shortened automatically by Twitter, but can easily eat up 23 of the 140 available characters. Twitter has explored different ways to make it easier for the user to include links in their tweets for the past six years. In... 
 

Facebook Insists It Does Not Discriminate

Following allegations this past week that Facebook was suppressing conservative issues on its social network, Mark Zuckerberg the CEO invited a group of political conservatives to speak to him regarding the issue. Zuckerberg in a post said that the reason he cares so much regarding this is that is goes straight to the core of everything that Facebook is and that he wants it to be. He continued by saying every tool built by Facebook is designed to allow more people to have a voice and bring together the global community. Zuckerberg added that as... 
 

Opera Launches Power Saving Mode, Says Extends Battery Life 50%

Each month it appears that the Opera browser is becoming more compelling. Opera, which appears to be determined to put generations of improvements into just a short period, boasts one more reason for users to switch to using its browser: a new low-power mode that the business has promised extends the battery life of a laptop by as much as 50%. Like many other recent Opera releases, the new feature appears first as part of their developer edition of it Opera 39 browser for both Windows and Mac. This follows the recently added native ad blocker Opera... 
 

Intel Cutting Up its Atom Chips

Intel could be preparing to exit the tablets and smartphone market wasting billions of its dollars already spent trying to expand each of those markets. The company has cancelled its Atom chips, code named Broxton and Sofia, for mobile devices, confirmed a spokesperson for Intel. These products are the first that have been put on the chopping block in Intel’s plan of reshaping its operations after it announced plans earlier in the month to eliminate over 12,000 jobs. Resources that were dedicated originally to Sofia and Broxton chips have been... 
 

Mitel Networks Acquiring Polycom for $2 Billion

Mitel Networks agreed to purchase Polycom Inc in a close to $2 billion deal that includes both cash and stock pushed on by activist investors Elliott Management to spur on consolidation in the industry of telecom-equipment. In October, the activist investor disclosed it had a stake of 6.6% in Polycom and a stake of 9.6% in Mitel. The investor urged both companies, which sell equipment for videoconferencing and other hardware to companies, to explore the merger. The new merged company will be in Ottawa, the home of Mitel and have close to 7,700 employees... 
 

Sony Forms ForwardWorks a New Company for Mobile Gaming

Sony will bring titles of PlayStation and mobile devices together for users in Asia. The company announced the launching of a new business that is dedicated to bringing titles of PlayStation to mobile devices of users across Japan and Asia. Sony’s PS handheld console PlayStation Vita that was released back in 2011, has not survived the increased popularity of electronic mobile devices as well as the games that are tailored for tablets and smartphones. While you are able to still buy them, the Vita is considered by many to be a flop for the most... 
 

Cisco Acquiring Israel-based Leaba Semiconductor

Cisco has continued its buying spree Thursday as it made the announcement that its acquiring chip designer Leaba Semiconductor based in Israel for a price of $320 million. Cisco sees the acquisition as a means of bolstering its offering of hardware with highly advanced technology of chips. By combining the semiconductor expertise of Leaba, with the engineering team at Cisco, plans will be accelerated for the next generation portfolio of products at Cisco and it will bring new capabilities into the market quicker, said Cisco through a spokesperson. When... 
 

HP Inc’s Start as Standalone Company Selling PCs is Shaky

HP Inc has suffered through the first three month period as a standalone business after posting lower revenues and net earnings from the same period one year ago, as nearly every facet of the company experienced a decline. HP Inc posted $592 million in net earnings, which was down by 58% from its net earnings of $1.4 billion reported for the same period one year ago. Net income for its continuing operations was down by 16%. New revenue fell as well by 12% from the $12.2 billion from one year ago. The first quarter for HP of its fiscal 2016 was the... 
 

Fitbit Misses on Forecasts of Rollout of Devices

Fitbit Inc has bet that its global marketing campaigns that will introduces its latest wearable devices that are health-tracking, including a smartwatch that is inexpensive, will help keep its dominance in an industry that is becoming highly competitive. For now, higher costs and sales that were slower than had been expected, that might come from those efforts, have raised concerns amongst its investors who have been watching the shares of the company lose nearly 50% of their value just this year. Citing it rollout of its latest products, on Monday... 
 

Telecom Italia Increases Spending, Slows Reduction of Debt

Telecom Italia is increasing its spending on building out, fixed, faster and mobile networks in its domestic market during the next 36 months, where it sees the core earnings returning to growth starting 2017, said the company on Tuesday. The former network operator that at one time was a national monopoly, which has struggled for a number of years with no clear strategy and was regarded as a possible takeover target, reported a drop of 20% in its core years for 2015. It was also hit by charges that were one-off that totaled over 1.07 billion euros... 
 

Twitter Actively Seeking Terrorist Supporters

Twitter is using technology that is spam-fighting to search out accounts that could be promoting terrorist activity and is looking at other accounts that are related to those flagged for the possibility of having them removed, said the company on Friday. This announcement demonstrates the efforts by the micro-blogging company to automatically identify tweets that are supporting terrorism, which reflect an increased amount of pressure on companies in social media to respond to the abuse in a more proactive manner. Child pornography previously was... 
 

One Billion Users Might Not Be Sufficient for Phone Carriers in India

India has signed up its one billionth customer for mobile phones joining China as the only two countries that have crossed that threshold. However, the base of one billion might not be sufficient to keep the wireless industry from struggling. The third largest Asian economy is crowded with 12 or more wireless carriers, more than in any country with spectrum difficult to come by and there are high regulatory risks. Add that all up and it is not surprising that lower profitability is delivered than operators enjoy in other areas of Asia, said one... 
 

Analysts Predicting Flat 2016 For Apple (NASDAQ:AAPL)

A number of Wall Street analysts are predicting a flat year for Apple in 2016. Apple is currently the world’s biggest tech company. However, in the past six months, more than $220 billion has been slashed from the company’s value, as its share price has plummeted. Next year, the company is planning to refine its existing products rather than launching new ones. 2015 was a year of big Apple releases, including the launch of the Apple Watch. Released in April, the Apple Watch was the first truly new Apple product since the 2010 launch of the iPad.... 
 

Tim Cook Said Idea Apple is Avoiding Taxes is “Political Crap”

Tim Cook the CEO at Apple dismissed the notion that the Cupertino, California based tech behemoth was avoiding U.S. taxes as “total political crap.” The remarks by Cook were made during an interview that aired on 60 Minutes Sunday evening and comes amidst a big debate in the U.S. over companies avoiding taxes by using techniques such as tax inversion deals, in which a company is able to change its domicile to another country that has a lower tax base. Apple is able to save billions of dollars in taxes through its subsidiaries it has in Ireland,... 
 

Apple Has New COO and Chief of App Store

Apple Inc. announced a number of changes to its teams of leaders on Friday, including promoting Jeff Williams to COO, which is a role that was last held by Tim Cook but has been vacant since he became the CEO at Apple back in 2011. Williams, who started in 1998 at Apple, was named as the VP of Operations 11 years ago. He is currently overseeing the new Apple Watch program. Apple also said that it has expanding the duties of Phil Schiller the VP of Worldwide Marketing to include the running of Apple\s App Store on all platforms. According to one... 
 

Facebook Taking on Yelp and Angie’s List with New Services

Facebook has quietly been testing one of its new features that direct users to the best reviewed and rated local providers of service in the area in which they are located. At the URL Facebook.com/services, that is easy to access, the social network compiled a directory that is searchable of providers of professional services, such as contractors, painters, doctor’s offices, plumbers, auto repair, childcare, salons, event players, pet groomers, decorators as well as many more. The effort is like the moves made by both Google and Amazon to connect... 
 

Verizon Boosts Its Video Team With New Hires (NYSE:VZ)

Verizon recently launched its go90 mobile video service, which lets consumers anywhere in the country watch video on their smartphones. The service was launched in September as a free, ad-supported mobile video service. Verizon is dedicating a considerable amount of resources to the effort. The company has hired thousands of people to work on the project at its facility in Silicon Valley. Verizon’s mobile video service will provide mostly short-form programming but will have some long-form programming available as well. Verizon has been striking... 
 

Sony Banking on Record PlayStation 4 Sales for Turnaround

The PlayStation 4 popularity is bolstering the long term confidence at Sony for its games console after sales surpassed 30 million units in November. The PS4 is the fastest selling console for home use ever, exceeding the PlayStation 2 early sales, which went on to sell the most units of any other during its 12 year lifespan. Sony Computer Entertainment CEO and President Andrew House said that this past weekend he expected the PS4 would match or outpace the sales of the PS2 in its first five years. House added that the company has seen is most successful... 
 

Huawei Mate 8 Moves Up to New Phablet Heights

Huawei has launched the Mate 8 its flagship phablet the new 6-inch device is a sleek, fast, good value, great battery life phablet with the most up to date Android version available. The release for other countries besides China will likely be during the first three months of 2016, but one can be purchased now in China for a starting price of $470. The Mate 8 specs are a big departure from both the Mate 7 and Mate S, except for the 6” screen and the large battery that is 4000mAh. The Mate 8’s heart is its HiSilicon new Kirin 950, a 4x Cortex... 
 

Sony Sales for PlayStation 4 Pass 30 Million

Sony’s game console PlayStation 4 has sold over 30.2 million consoles worldwide since its original launch just two years ago. That figure is up from the last report of sales of PS4 in January of 18.5 million, which included over 4.1 million in sales during the holiday season of 2014. That number will likely increase once again prior to the end of 2015 as holiday shoppers will use a PS4 discount by Sony of $50 for their holiday gifts purchases. We are grateful that gamers everywhere around the world have continued to choose the PS4 as their best... 
 

Apple Remains Committed To Strong Encryption Technology (NASDAQ:AAPL)

Apple says that its support for strong encryption technology remains as strong as ever. Apple’s Tim Cook is one of the highest-profile supporters of strong encryption in the tech industry. Apple’s popular messaging client iMessage uses end-to-end encryption so the messages cannot be intercepted and read by a third party. These third parties include police and Apple itself. Cook recently told the Irish Independent that the company has no plans to weaken the encryption technology. Following the revelations by NSA whistleblower Edward Snowden... 
 

Cisco Forecast for Second Quarter Misses

Cisco Systems the maker of network equipment forecasted revenue and adjusted profit growth for its second quarter that was below estimates of analysts citing slow order growth and a weakness in its international enterprise business. A strong U.S. dollar hurt the demand for enterprise products from Cisco in Canada, Latin America and Asia-Pacific, said Chuck Robbins the CEO, who succeeded John Chambers the long time Chief Executive Officer. Robbins added that the guidance reflects order growth that is lower than had been expected for the first quarter.... 
 
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