Business news

• ECB's Nowotny says Europe not facing new banking crisis

  29-09-2016 23:45 via news.yahoo.com
  
  European Central Bank Governing Council member Ewald Nowotny said on Thursday he did not believe that Europe faced a new banking crisis similar to that seen in 2007 and 2008, but the financial sector was clearly in a transitional phase. During the event, Nowotny described as overblown warnings by some critics that the euro could fail as a currency, and said the problems were with certain member states. Nowotny declined to comment specifically on Deutsche Bank while speaking with Reuters.
  
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• Here's All the New Driverless-Car Tech NVIDIA Just Revealed

  29-09-2016 23:41 via feeds.foxbusiness.com
  
  The company unveiled a new, powerful artificial intelligence system on a chip, as well as a new mapping partnership with TomTom this week.
  
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• Flying High: How GoPro's Stock Could Double

  29-09-2016 23:37 via feeds.foxbusiness.com
  
  Earnings expectations are high for GoPro, but they may not be high enough.
  
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• Citi equities executive Bitton leaves firm

  29-09-2016 23:36 via news.yahoo.com
  
  Michael Bitton, the global head of delta one and head of North American prime finance at Citigroup Inc , has left the firm, according to a person familiar with the matter. Bitton, who joined Citi in 2012 from UniCredit, departed Citi in June, the person said. A spokesman for Citi declined to comment.
  
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• Melinda Gates tackles women in tech issues

  29-09-2016 23:32 via cnet.com
  
  The well-known philanthropist gets the wheels turning on a push to promote women in the tech industry.
  
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• Star Wars Death Star's famed feature was a complete accident

  29-09-2016 23:29 via cnet.com
  
  Film artist Colin Cantwell tells Reddit how the iconic trench came to be. And it turns out the X-Wing owes its life to a night of drinking.
  
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• Despite the Cloud, Oracle Remains the Database King

  29-09-2016 23:29 via feeds.foxbusiness.com
  
  The rise of cloud computing has yet to threaten Oracle's database dominance.
  
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• More Food at Olive Garden and Carrabba's May Be a Problem

  29-09-2016 23:27 via feeds.foxbusiness.com
  
  Darden Restaurants and Bloomin' Brands are offering second meals as takeout at no additional cost. It's aggressive, but it seems like a problem instead of a solution.
  
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• Salesforce urges EU to probe Microsoft, Linkedin antitrust issues

  29-09-2016 23:25 via feeds.foxbusiness.com
  
  U.S. software company Salesforce called on EU regulators on Thursday to investigate antitrust issues related to Microsoft's $26 billion bid for social network LinkedIn.
  
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• Mentor Shares Jump After Elliott Associates, Partners Double Stake

  29-09-2016 23:20 via feeds.foxbusiness.com
  
  Mentor Graphics Corp. shares rose in the extended session Thursday after Elliott Associates and its subsidiaries reported doubling their stake in the electronics design company.
  
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• Busting This Intel Corporation Myth

  29-09-2016 23:19 via feeds.foxbusiness.com
  
  Some investors still believe that this chip giant has substantial amounts of factory capacity sitting there idle -- don't believe it.
  
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• Why Exelixis, Inc. Continued Its Downfall Today

  29-09-2016 23:18 via feeds.foxbusiness.com
  
  Waiting for data is never easy.
  
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• Costco quarterly profit rises 1.6 percent

  29-09-2016 23:17 via news.yahoo.com
  
  Consumer spending in the United states rose 4.3 percent in the fourth quarter, according to data released by the Commerce Department on Thursday. The bump in spending is likely to have helped Costco, which mainly caters to high-income customers.
  
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• Periscope revamps website to make live videos easier to find

  29-09-2016 23:10 via cnet.com
  
  The site's new look highlights relevant curated channels and makes it easier to search for video.
  
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• Yellen says Fed purchases of stocks, corporate bonds could help in a downturn

  29-09-2016 23:06 via news.yahoo.com
  
  The Federal Reserve might be able to help the U.S. economy in a future downturn if it could buy stocks and corporate bonds, Fed Chair Janet Yellen said on Thursday. Speaking via video conference with bankers in Kansas City, Yellen said the issue was not a pressing one right now and pointed out the U.S. central bank is currently barred by law from buying corporate assets.
  
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• In new iPhone 7 ad, Apple wants you to express yourself better

  29-09-2016 23:03 via cnet.com
  
  Technically Incorrect: Texting is so old. Look what you can now do on your iPhone 7: Send each other balloons.
  
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• Deutsche Bank admits 'perception issue' as U.S. shares slide

  29-09-2016 22:35 via news.yahoo.com
  
  By Gernot Heller and Andreas Rinke BERLIN (Reuters) - Deutsche Bank admitted on Thursday it had an image problem with investors as fresh concerns over the stability of Germany's largest lender pushed its U.S.-listed shares to a record low. The latest lurch came after Bloomberg reported that a number of hedge funds that clear derivatives trades with Deutsche had withdrawn some excess cash and adjusted positions held at the lender, a sign that counterparties are wary of doing business with it. Bar
  
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• Wall Street falls sharply on worries about banks

  29-09-2016 22:33 via news.yahoo.com
  
  The S&P 500 financial index declined 1.49 percent after Bloomberg reported that some hedge funds have withdrawn excess cash and positions held at the German lender. "This Deutsche Bank story is really casting a very long shadow over equity markets," said Peter Kenny, senior market strategist at Global Markets Advisory Group, in New York. Citigroup dropped 2.28 percent and JPMorgan Chase fell 1.59 percent.
  
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• Hiker's dramatic video of two snakes fighting reveals rare sight

  29-09-2016 22:33 via cnet.com
  
  A hiker captures footage of a copperhead grappling with a cottonmouth, perplexing herpetologists in the process.
  
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• Google rebrands cloud business, adds more artificial intelligence

  29-09-2016 22:32 via news.yahoo.com
  
  Alphabet Inc's Google said on Thursday it renamed its business-to-business cloud computing brand and enhanced some enterprise applications using artificial intelligence, the company's latest gambit to better compete with Amazon.com and Microsoft Corp. in the lucrative cloud business. Discussing the rebranded Google Cloud, Diane Greene, senior vice president of Google's enterprise business, said the company has made good progress courting customers and improving its technology. Cloud computing us
  
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• Costco reports higher quarterly profit

  29-09-2016 22:27 via news.yahoo.com
  
  (Reuters) - Warehouse club retailer Costco Wholesale Corp reported a 1.6 percent rise in quarterly profit.
  
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• CBS, Viacom reunion could lift both after media upheaval

  29-09-2016 22:26 via news.yahoo.com
  
  LOS ANGELES/NEW YORK (Reuters) - Eleven years ago, media mogul Sumner Redstone declared "the age of the conglomerate is over" as he prepared to split old-school broadcaster CBS from the fast-growing Viacom Inc cable networks and the Paramount film studio. Now, the Redstone family's National Amusements, the controlling shareholder of Viacom and CBS Corp , wants the companies to consider stitching the pieces back together.
  
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• IdeaFestival 2016: How soon will virtual reality change the way we work?

  29-09-2016 22:17 via techrepublic.com
  
  Ben Kuchera of Polygon discussed the ethical concerns of virtual reality, and how it could impact telecommuting, travel, entertainment, and the way we work in the future.
  
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• Amber Alerts on mobile now can have link to missing child's pic

  29-09-2016 21:51 via cnet.com
  
  The FCC also increased the length of Wireless Emergency Alerts to 360 characters from 90 for 4G LTE and future cell networks.
  
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• Watch a fool throw an iPhone 7 off the tallest building in the world

  29-09-2016 21:49 via cnet.com
  
  YouTube user TechRax's latest torture test takes him to the top of the Burj Khalifa in Dubai.
  
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• You've got too much mail! Can AOL save us from email burnout? (Well...)

  29-09-2016 21:48 via cnet.com
  
  AOL's Alto app tries to cure our email troubles. Meanwhile, Samsung is dealing with bigger problems: exploding washing machines.
  
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• How to install a LAMP server on openSUSE

  29-09-2016 21:48 via techrepublic.com
  
  If you want to deploy an openSUSE-based LAMP server, follow these steps to add the AMP to the L.
  
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• 'Adventure Time' and its trips to distant lands will end in 2018

  29-09-2016 21:33 via cnet.com
  
  C'mon, grab your friends, the surreal animated show still has two seasons and some specials left.
  
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• Dunkin' partners with Coca-Cola on bottled coffee

  29-09-2016 21:31 via news.yahoo.com
  
  The Dunkin' Donuts chain operator said the beverages, set to launch in early 2017, will be manufactured, distributed and sold by Coca-Cola. The bottled iced coffees, which will include milk and sugar in a variety of flavors, will be sold at supermarkets, convenience stores and in Dunkin' Donuts shops. Dunkin' Brands Chief Executive Nigel Travis told Reuters that the new venture will appeal to existing customers and also build brand recognition.
  
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• If elected, Clinton under pressure to appoint tough Wall Street sheriffs

  29-09-2016 21:27 via news.yahoo.com
  
  Democratic Party progressives intent on reining in Wall Street are pushing Hillary Clinton to choose people to head the Treasury, SEC and other agencies who will crack down on big banks if she wins the White House on Nov. 8. “Do they have a proven track record of challenging corporate power?” asked Adam Green of the Progressive Change Campaign Committee, a grassroots group aligned with U.S. Senator Elizabeth Warren, the party's liberal firebrand.
  
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• Amazon Alexa Prize offers $2.5M to get voice assistant chatting

  29-09-2016 21:22 via cnet.com
  
  The company wants to make Alexa smart enough to talk with a real person for 20 minutes, and it hopes clever students can help.
  
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• IdeaFestival 2016: The 3 ways inventions are born, and why serendipity may be the secret sauce

  29-09-2016 21:21 via techrepublic.com
  
  The tech industry is always searching for the right conditions to create great inventions. New York Times science writer Pagan Kennedy explored the secret sauce in how new things come into being.
  
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• Apple's first China R&D lab reportedly will create hardware

  29-09-2016 21:21 via cnet.com
  
  The new center will focus on "developing advanced technologies, including computer hardware and communications, audio and video equipment."
  
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• Och-Ziff to pay over $400 million to settle foreign bribery charges

  29-09-2016 21:14 via news.yahoo.com
  
  Och-Ziff also plans to enter into a differed prosecution agreement with the U.S. Department of Justice later Thursday to resolve related criminal charges in federal court in Brooklyn and pay an additional $213 million fine, according to the Securities and Exchange Commission. The SEC said Chief Financial Officer Joel Frank agreed to settle civil charges. The regulator alleged that the hedge fund used intermediaries, agent s and business partners to bribe high-level government officials.
  
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• Amazon chats up college students with $2.5M Alexa prize

  29-09-2016 21:12 via cnet.com
  
  The company wants to make Alexa smart enough to talk with a real person for 20 minutes.
  
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• Wall Street dragged lower by Apple and banks

  29-09-2016 20:57 via news.yahoo.com
  
  The S&P 500 financial index dropped 1.11 percent after Bloomberg reported that some hedge funds have withdrawn excess cash and positions held at the German lender. Wells Fargo & Co lost 1.67 percent after U.S. lawmakers rebuked CEO John Stumpf over his handling of sales abuses. Citigroup dropped 1.77 percent and JPMorgan Chase fell 1.47 percent.
  
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• Qualcomm reportedly in talks to buy NXP for over $30B

  29-09-2016 20:57 via cnet.com
  
  A deal could be struck in the next two to three months, says a Wall Street Journal report.
  
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• Boeing nears wide-body jet sale to Qatar Airways: Bloomberg

  29-09-2016 20:33 via news.yahoo.com
  
  (Reuters) - Qatar Airways is in late-stage talks to buy at least 30 Boeing Co wide-body jets, valued at more than $6.7 billion at list prices, Bloomberg reported, citing people familiar with the matter. The order, which follows the U.S. approval of a long-stalled sale of Boeing F-15 fighter jets to Qatar, would include 787 Dreamliners and 777 planes for the country's flagship airline, Bloomberg reported. Boeing declined to comment and Qatar Airways was not immediately available to comment.
  
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• Hiker's dramatic video of two snakes fighting reveals a rare sight

  29-09-2016 20:32 via cnet.com
  
  A hiker captures footage of a copperhead grappling with a cottonmouth, perplexing herpetologists in the process.
  
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• Cumberbatch reveals Doctor Strange will join 'Avengers: Infinity War'

  29-09-2016 20:20 via cnet.com
  
  The Marvel superhero movie, set for release in 2018, just got a bit more magical now that Doctor Strange is set to be in it.
  
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• Periscope adds four new streaming channels

  29-09-2016 20:16 via cnet.com
  
  Livestreaming app adds channels spotlighting protests, pets, celebs and parks.
  
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• U.S. House panel lambasts Wells Fargo boss over phantom accounts

  29-09-2016 20:15 via news.yahoo.com
  
  WASHINGTON/NEW YORK (Reuters) - U.S. lawmakers called for Wells Fargo & Co chief John Stumpf to resign on Thursday and a top House Democrat demanded the bank be broken because it is too big to manage. Stumpf's second trip to Capitol Hill on Thursday went no better than his first as lawmakers from both parties angrily rebuked his handling of sales abuses and said the bank has damaged customer trust as well as the broader banking system. Representative Maxine Waters, the committee's ranking De
  
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• HBO, Cinemax land on PlayStation Vue as new channel package

  29-09-2016 19:53 via cnet.com
  
  The channels will be part of the new Ultra plan that costs $65 to $75 a month.
  
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• Banks tighten SWIFT system security after hacks

  29-09-2016 19:53 via news.yahoo.com
  
  By Tom Bergin GENEVA (Reuters) - Banks are tightening the security of their SWIFT messaging networks – used by the industry to shift trillions of dollars each day – following revelations that hackers are increasingly able to get into this system to steal money. Bankers at SWIFT's annual SIBOS conference in Geneva said they were adopting new security tools, reviewing procedures and pressing their counterparties to do the same. Some banks are also looking at alternative technologies fo
  
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• Qualcomm in talks to buy NXP Semiconductors - WSJ

  29-09-2016 19:51 via news.yahoo.com
  
  (Reuters) - Chipmaker Qualcomm Inc is in talks to buy NXP Semiconductors NV in a deal that could be valued at more than $30 billion, the Wall Street Journal reported. A deal could be struck in the next two to three months, the report said, citing people familiar with the matter. However, the Journal also said it was possible there would no deal and Qualcomm was exploring other options. (http://on.wsj.com/2cZ0TUQ) San Diego-based Qualcomm and Netherlands-based NXP did not immediately respond to r
  
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• Google's tweaks to Android Wear watches won't arrive till 2017

  29-09-2016 19:50 via cnet.com
  
  Google's Play Store will run directly on Android Wear watches, possibly opening up more functions for iPhone users.
  
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• Despite flagging sales, Nissan CEO Ghosn says sports cars still matter 'for the storytelling'

  29-09-2016 19:40 via cnet.com
  
  In the face of mushrooming SUV sales and the coming autonomous car, CEO says Nissan remains committed to sports cars.
  
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• Survey suggests AirPods are Apple's winning wearable, not Watch

  29-09-2016 19:27 via cnet.com
  
  If you'd rather have something from Apple in your ears than on your wrist, you're not alone.
  
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• House panel lambasts Wells Fargo boss over phantom accounts

  29-09-2016 19:26 via news.yahoo.com
  
  By Patrick Rucker and Dan Freed WASHINGTON/NEW YORK (Reuters) - Wells Fargo & Co chief John Stumpf's second trip to Capitol Hill on Thursday went no better than his first as lawmakers from both parties angrily rebuked him for the handling of sales abuses and said the bank has damaged customer trust as well as the broader banking system. Although Stumpf offered fixes for the widespread abuses, members of the House Financial Services Committee blasted the executive over the bank's culture, his
  
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• Fuze case for iPhone 7 wants to bring back the jack

  29-09-2016 19:25 via cnet.com
  
  This sneaky little accessory puts a Lightning-to-3.5mm adapter and an extended battery pack onto the bottom of a single, contained case for the Apple iPhone 7 and 7 Plus.
  
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