tech
BusinessZacksWestern Digital (WDC) Debuts Storage Solution for 5G Smartphones
Western Digital's (WDC) iNAND MC EU551 is the first solution to be built on the company's UFS 3.1 platform.
BusinessZacksOracle (ORCL) Unveils AI-Driven Oracle Dynamic Skills Solution
Oracle's (ORCL) new Dynamic Skills Solution provides a constantly-updated employee skills' set database to help HR simplify talent management and acquisition processes.
BusinessZacksWhy Apple (AAPL) Stock Might be a Great Pick
Apple (AAPL) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
BusinessETX Daily UpGoogle delays plan to phase out browser-tracking 'cookies'
Google said Thursday it was delaying plans to phase out the use of browser "cookies" for its ad targeting after drawing complaints over its replacement for the technology.
BusinessZacksGarmin (GRMN) to Boost Aviation Segment With Latest Move
Garmin (GRMN) introduces TXi- engine indication system to expand reach to twin turbine aircraft owners and operators.
BusinessZacksTelecom Stock Roundup: Nokia Conducts Trial, Ericsson Boosts Cloud RAN & More
While Nokia (NOK) conducts a trial to test the efficacy of sustainable networking solutions, Ericsson (ERIC) augments its Cloud RAN portfolio with the inclusion of mid-band spectrum and Massive MIMO.
BusinessZacksNokia (NOK) Boosts Network Operations via AI-Enabled Solutions
Nokia (NOK) launches state-of-the-art artificial intelligence and machine learning-driven support services to train engineers with live network information for streamlined operations and maintenance.
BusinessZacksMicron (MU): Strong Industry, Solid Earnings Estimate Revisions
Micron (MU) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
BusinessReutersMicrosoft challenges Apple's business model with new Windows 11 operating system
(Reuters) -Microsoft Corp on Thursday showed Windows 11, its first major operating system revamp since 2015 with new changes that take direct aim at Apple Inc's lucrative App Store business model. Windows 11, which will hit the market by the end of this year, will include a new Windows Store that will let software developers use their own in-app payment systems and pay no commissions to Microsoft. The moves stand in contrast to Apple's "walled garden" approach, in which the iPhone maker only lets users download software from the App Store and imposes controls on software developers, including a requirement to use Apple's in-app payment systems and pay commissions of up to 30%.
NewsReutersAfrigen gears up to deliver Africa's first COVID-19 mRNA vaccine
Afrigen Biologics expects a decision in mid-July on partners to produce Africa's first COVID-19 vaccine using the mRNA platform, the South African start-up's managing director said. The World Health Organization picked Afrigen for a pilot to give poor and middle-income countries the know-how and licenses to make COVID-19 vaccines, in what South African President Cyril Ramaphosa called an historic step. The "tech transfer hub" will make it possible for African companies to manufacture mRNA vaccines, the advanced technology used in Pfizer and Moderna shots, in 9-12 months, the WHO said on Monday.
BusinessReutersU.S. lobby group views India's e-commerce plan as worrying, email shows
A top lobby group that is part of the U.S. Chamber of Commerce believes India's proposed new e-commerce rules are a cause for concern and will lead to a stringent operating environment for companies, according to an email reviewed by Reuters. India this week spooked online retailers like Amazon and Walmart's Flipkart by outlining plans to limit "flash sales", reining in a private label push and mandating them to have a system to address grievances. The Washington-headquartered U.S.-India Business Council (USIBC), of which Amazon and Walmart are members, described the rules as concerning in an internal email, saying some provisions were in line with New Delhi's stance on other big digital companies.
BusinessReutersSamsung Elec, affiliates fined $207 million over cafeteria contracts
Samsung Electronics and four affiliates have been fined 234.9 billion won ($207 million) for giving affiliate Samsung Welstory in-house cafeteria contracts since 2013 and ensuring a high profit margin, the Korea Fair Trade Commission (KFTC) watchdog said on Thursday. Samsung Electronics said in a statement that there was no unfair support, the company strove to provide quality meals for its staff, and that it plans to show that the contracts were normal transactions by disputing the KFTC's decision in administrative litigation after review. Samsung Welstory, a meal provider for cafeterias, is wholly owned by Samsung C&T, of which Samsung Electronics vice chairman Jay Y. Lee held a 18.1% stake as of May.
BusinessReutersS.Korea retailer E-Mart buys eBay's S.Korean business for $3 billion
SEOUL (Reuters) -South Korean retailer Shinsegae Group's E-Mart Inc said on Thursday it plans to acquire an 80% stake in eBay Inc's South Korean business for 3.4 trillion won ($3 billion). With the deal, traditional retail giant Shinsegae gets a much-needed boost in the Korean e-commerce sector, where it has lagged after competitors such as No. 1 Coupang, while eBay Korea gains a powerful backer after years of underperforming, analysts said. EBay will retain a 20% interest in the Korean business, whose implied value is approximately $3.8 billion, eBay said in a statement.
BusinessReutersDeutsche Bank taps Oracle to simplify its IT, cut costs
FRANKFURT (Reuters) -Deutsche Bank has tapped software firm Oracle to simplify its information technology systems, enabling Germany's top lender to cut costs, a Deutsche Bank board member said on Thursday. Deutsche Bank has spent years modernising its computer systems that have repeatedly caused headaches and which former Chief Executive John Cryan had publicly called "lousy". The migration is expected to take three to five years and should help lower Deutsche Bank's total annual costs to 16.7 billion euros ($19.9 billion) by 2022 from the 19.5 billion it posted in 2020.
BusinessReutersSiemens raises growth target with digital drive
Siemens unveiled targets on Thursday to outpace the market by combining its core engineering business with digital expertise in the first strategic blueprint under new Chief Executive Roland Busch. Busch, who took over as CEO from Joe Kaeser in February, wants to win customers and deliver growth by using Siemens's software and hardware, the company said at its investor day. Under the plan, Siemens raised its target for increasing its comparable annual revenue at a rate of 5%-7%, above global market growth and Siemens's own previous target.
BusinessReutersUK fintech Wise set to list in London on July 7
British financial technology company Wise confirmed on Thursday that it plans to list in early July, in a test for London's main market as investor appetite for company floats starts to wane. The company, formerly known as TransferWise, plans to do a direct listing on the London Stock Exchange rather than sell shares at a set price in advance, with the opening price to be determined in an open auction on the date of admission to the exchange.
NewsAssociated PressJohn McAfee, software pioneer turned fugitive, dead at 75
John McAfee, the outlandish security software pioneer who tried to live life as a hedonistic outsider while running from a host of legal troubles, was found dead in his jail cell near Barcelona on Wednesday. McAfee, who was among other things a cryptocurrency promoter, tax opponent, U.S. presidential candidate and fugitive, who publicly embraced drugs, guns and sex, had a history of legal woes spanning from Tennessee to Central America to the Caribbean. McAfee's body was discovered at the Brians 2 penitentiary in northeastern Spain.
BusinessZacksLogitech (LOGI) Dips More Than Broader Markets: What You Should Know
Logitech (LOGI) closed at $125.20 in the latest trading session, marking a -0.71% move from the prior day.
BusinessZacksCisco Systems (CSCO) Dips More Than Broader Markets: What You Should Know
Cisco Systems (CSCO) closed the most recent trading day at $52.76, moving -0.94% from the previous trading session.
NewsVarietyJohn McAfee, Antivirus Software Creator Awaiting Extradition, Found Dead in Prison at 75
John McAfee, the creator of the antivirus software company bearing his name, was found dead in his prison cell near Barcelona, Spain, according to multiple outlets. He was 75. According to the Associated Press, authorities are investigating the cause of death. His lawyer, however, told Reuters that McAfee died by suicide. A statement from the regional Catalan government […]
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