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US vulnerable to serious cyber-attacks

WASHINGTON, USA: The United States has failed to sufficiently adapt to new cyber-security threats, exposing itself to potential terror strikes as devastating as September 11, authors of the report on the 2001 attacks have warned.

25 Jul 2014 07:32


Nokia hurts Microsoft revenues

NEW YORK, USA: Microsoft said its profits took a hit from its newly acquired Nokia phone division but that revenues got a strong lift from cloud services.

23 Jul 2014 09:35


Apple's profits of $7.7bn in June quarter

SAN FRANCISCO, USA: - Apple reported that its quarterly profit climbed with strong iPhone demand, but a decline in its iPad tablet sales put a damper on its results.

23 Jul 2014 09:19


Microsoft closes Xbox Entertainment Studios

SAN FRANCISCO, USA: Microsoft, caught-up in a battle to restructure its business, has confirmed that its studio devoted to original television programs for Xbox consoles will be closed.

21 Jul 2014 08:19


Google's profit of $3.42bn in three months

SAN FRANCISCO, USA: Google reported its quarterly profit rose to $3.42bn and revenue climbed to $16bn for the year, an increase of 22%.

18 Jul 2014 11:06


What makes the Midas Awards unique

NEW YORK CITY, US: 2014 Midas Awards: Interview with Alisun Armstrong, Executive Director, Midas Awards World's Best Advertising.

18 Jul 2014 08:13


Microsoft gets more ads than Yahoo

NEW YORK, USA: Microsoft is expected to overtake Yahoo this year in digital advertising revenues, a research firm, eMarketer says, adding that this is a setback for Yahoo's efforts to transform itself.

16 Jul 2014 09:33


Sotheby's join eBay to offer online sales of art, collectibles

NEW YORK, USA: - Online company eBay and the renowned auction house Sotheby's have jointly announced a partnership for online sales of art and collectibles.

15 Jul 2014 06:54


Musk donates $1m to Tesla museum

WASHINGTON, USA: - Tesla Motors founder Elon Musk has agreed to donate $1m to help fund a new museum dedicated to inventor Nikolai Tesla.

14 Jul 2014 09:16


Twitter buys mobile advertising firm Tap Commerce

SAN FRANCISCO, USA: Twitter announced it will buy mobile advertising firm Tap Commerce to bolster money-making tools at the popular one-to-many messaging service.

2 Jul 2014 07:02


'Big data' deal sees Oracle buy Micros Systems

NEW YORK, USA: Business software specialist Oracle confirmed it will buy rival Micros Systems for $5.3bn in a deal that will expand its 'big data' efforts in the hotel and restaurant sectors.

24 Jun 2014 08:24


Google's Nest Labs buys Dropcam for $555m

WASHINGTON, US Google's Nest Labs said that it was buying video monitoring start-up Dropcam for a reported $555 million in cash.

23 Jun 2014 07:00


Twitter's Rowghani quits

SAN FRANCISCO, USA: Twitter's Chief Operating Officer Ali Rowghani announced he was leaving his post on Thursday, 12 June, amid concerns about sluggish growth at the popular messaging service.

13 Jun 2014 10:40


Google buys Skybox Imaging for $500m

SAN FRANCISCO, USA: Google announced plans to buy the satellite group Skybox Imaging for $500m, in a move to improve mapping and other services using geospatial data.

11 Jun 2014 07:33


Valeant's higher offer rejected by Allergan again

NEW YORK, USA: Botox manufacturer Allergan has rejected, for a third time, a takeover bid from Canadian drugs maker Valeant, claiming the increased offer still substantially under-values the company.

11 Jun 2014 06:53


Uber taxi app worth $17bn as new funds come in

SAN FRANCISCO, USA: Internet Age taxi app Uber rose to the elite ranks of Silicon Valley with a round of funding that gives the California-based start-up a whopping $17bn value.

9 Jun 2014 10:22


Samsung looking into Nooks with Barnes & Noble

NEW YORK, USA: Samsung unveiled plans to produce a co-branded tablet computer with US bookseller Barnes & Noble (B&N), which has struggled with its Nook line of devices.

6 Jun 2014 08:15


Chrysler's US sales jump 17% in May

WASHINGTON, USA: Chrysler's US sales of cars and truck climbed by 17% in May from a year ago as Jeep and Ram brands racked up strong gains.

4 Jun 2014 10:13


International raid targets data-stealing computer virus: US

WASHINGTON, USA: An international dragnet has dismantled a global computer hacker network, which used a sophisticated computer virus to steal millions of dollars from companies and consumers, the US Justice Department said.

3 Jun 2014 08:16


Apple dances to new tune with Beats deal

WASHINGTON, USA: If Wall Street struggles to see the logic in Apple's US$3bn deal for Beats Music, it may look across the river to Brooklyn, hometown of Beats co-founder Jimmy Iovine.

30 May 2014 10:24


How market research serves the unique needs of industry investors

ARLINGTON, US: When it comes to market research, people automatically think of how it can serve the needs of the behemoth corporations or the hopeful start-ups...

By Lance Breastgoff 28 May 2014 10:28

UNITED STATES 'not optimistic' about Hachette book deal

SAN FRANCISCO, USA: Online commerce company said it doubted that it would soon bury the hatchet with book publisher Hachette.

28 May 2014 08:39


US hacker turns FBI informant, walks free

NEW YORK, USA: A hacker who directed hundreds of cyber attacks on the websites of foreign governments before turning FBI informant walked free after being handed a symbolic seven-month sentence.

28 May 2014 08:18


Pinterest valued at US$5bn after fresh funding

SAN FRANCISCO, USA: Pinterest confirmed that another US$200m has been pumped into its coffers to build up search capabilities at the booming, bulletin board-style social network.

19 May 2014 10:25


General Motors recalls 2,9m more cars worldwide

NEW YORK, USA: - General Motors announced the recall of another 2,9m vehicles worldwide but 2,71m of them are in the United States and about 200,000 in other parts of the world.

16 May 2014 10:10


Mobile driving up US online retail sales

WASHINGTON, USA: US online retail sales are expected to grow to US$294bn this year, with nearly one-third of the total expenditure coming from mobile devices, according to Forrester Research.

13 May 2014 10:34


Yahoo shares fall after Alibaba IPO filing

NEW YORK, USA: Yahoo shares tumbled on Wednesday (7 May) amid concerns its stake in Alibaba may be worth less than anticipated following the Chinese online company's stock market offering.

8 May 2014 07:35


Washington's last video store calls it quits

WASHINGTON, USA: Too much Netflix and on-demand video content has the US capital's last movie rental store calling it quits.

5 May 2014 10:35


Apple, Samsung make final pitches in high-stakes trial

SAN JOSE, USA: - Apple and Samsung made their final pitches to jurors earlier this week in a big-money smartphone patent trial playing out in the heart of Silicon Valley.

2 May 2014 10:01


eBay pays USD3.75m to settle 'no-poaching' case

SAN FRANCISCO, USA: Online company eBay agreed to pay US$3.75m to settle allegations it colluded with other Silicon Valley technology firms not to "poach" each other's employees, officials said on Thursday, 1 May.

2 May 2014 09:14

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