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News Releases

  • Cuomo Points to Tech Companies After New York Bombing Attempt
    published on December 12th, 2017 at 01:31 PM
    The immigrant who tried to set off a bomb strapped to his body in one of New York City’s busiest transit hubs Monday morning downloaded information from the internet on how to build such a device, according to New York Gov. Andrew Cuomo.
  • As the Fed Deliberates, Amazon Is Making Its Job More Difficult
    published on December 12th, 2017 at 01:31 PM
    Web-driven comparison shoppers are keeping a lid on inflation and weakening retailers’ pricing power, complicating the Federal Reserve’s deliberations on how much and how fast to raise interest rates.
  • Toshiba and Western Digital Resolve Dispute Over Chip Unit
    published on December 12th, 2017 at 01:31 PM
    Toshiba and Western Digital agreed to settle a dispute over the Japanese company’s planned sale of its memory-chip unit, clearing a major hurdle to the nearly $18 billion deal.
  • Atos Makes $5 Billion Offer to Buy Gemalto
    published on December 12th, 2017 at 01:31 PM
    French IT services firm Atos is making an unsolicited bid to buy smart-card maker Gemalto—part of a wave of deals in the payment space as rivals join forces to cut costs.
  • High-Tech Hedge Fund Hits Limits of Robot Stock Picking
    published on December 12th, 2017 at 01:31 PM
    Voleon is among funds deploying machine learning, a technology in which computers develop trading strategies. It’s harder than it sounds, given that markets are noisy and clients often want a better understanding of how their money is being invested.
  • Want to See a World Without Net Neutrality? Look at These Old Cellphone Plans
    published on December 12th, 2017 at 01:31 PM
    With rules governing internet services set to be rolled back, service providers and their detractors are envisioning new models that could translate into a wider range of fees—both lower and higher.
  • Apple Acquires Shazam and Its Song-Recognition App
    published on December 12th, 2017 at 01:31 PM
    Apple has acquired Shazam Entertainment, giving it one of the popular song-recognition apps at a time the iPhone maker is looking to boost its music-subscription service.
  • In New NFL Deal, Verizon Trades Mobile Exclusivity for Rights on Yahoo
    published on December 12th, 2017 at 01:31 PM
    Verizon Communications will no longer have the exclusive mobile rights to distribute the games to its wireless customers, but the $2 billion deal will expand the partnership to Verizon-owned platforms like Yahoo Sports.
  • U.S. Bitcoin Futures Climb in First Day of Trade
    published on December 11th, 2017 at 01:31 PM
    Trade in the first bitcoin futures sparked a swift run-up in the price of the digital currency, while the exchange provider’s website experienced outages from heavy traffic.
  • Startup Affirm Nears $2 Billion Valuation After Investment
    published on December 11th, 2017 at 01:31 PM
    Financial-technology startup Affirm Inc. said Monday that it raised $200 million in new equity as it battles larger players getting into its core business of lending to consumers for retail purchases.