Lenovo reported a net loss of US$289 million for the quarter ended December 2017. The Chinese etch company is the second-largest personal computer maker in the world. Severe competition primarily from the other Chinese brands of smartphone makers, the Lenovo Group is struggling to revive its reeling smartphone business even after over four years since…
Here is why the Blackstone Group acquired a majority stake in Thomson Reuters Financial and Risk business – data is the new oil. Tony James, Blackstone Group LP’s President made it amply clear to investors that the future of Thomson Reuters Financial and Risk business is in selling data and not in selling terminal desktop…
Dell is exploring options vis-a-vis VMWare which includes asset divestitures, VMWare’s IPO as well as a merger. Sources familiar with the matter at hand have disclosed, VMWare Inc, a business software provider and Dell Technologies Inc, a U.S. computer maker, have decided to explore options that could include a potential merger of both companies. Dell…
Weighed down by cyber heists, insurers are gingerly tip toeing around the bitcoin business. Despite daunting challenges and the volcanic volatility of cryptocurrencies, global insurers, including Mitsui Sumitomo Insurance, XL Catlin and Chubb, are increasingly being drawn against swinging prices of cryptocurrencies and are starting to offer protection against thefts. Although, so far, their efforts…
According to a member of the Singapore-based NEM foundation, the purpose of the cyber heist was to test the audit trail mechanism. On Thursday, authorities from several countries have begun investigating the $530 million cyber heist involving the NEM cryptocurrency, said Takao Asayama, a member of the foundation behind the NEM cryptocurrency. Takao Asayama stated…
Free of advertisements, Nextdoor is free for use in European markets. Users can use the app to integrate better in their neighborhood. On Thursday, Nextdoor, a social network that links up neighbors rather than friends, said it be launching in France. Members can use Nextdoor’s app and website to ask their neighbors for advice on…
The growth in Microsoft’s Azure cloud computing service is one of the reasons why the tech giant’s shares have risen by nearly 50% in the last 12 months. Despite Microsoft Corp’s quarterly revenues beating Wall Street’s forecast, recent changes in U.S. tax law took a one-time bite of $13.8 billion from its earnings. Boosted by…
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