Business news

• Microsoft shares hit high as cloud business flies above estimates

  20-10-2016 23:58 via news.yahoo.com
  
  Shares of Microsoft rose 6.1 percent to $60.73 in after-hours trading, adding more than $27 billion to its market value. The Redmond, Washington-based company said revenue from its flagship cloud product Azure, which businesses can use to host their websites, apps or data, rose 116 percent. "There’s a huge runway for them to show growth," said Trip Chowdhry, managing director of Global Equities Research, noting the market for cloud services will be controlled almost entirely by Microsoft a
  
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• Tesla, rivals joust over how to put self-driving cars on the road

  20-10-2016 23:34 via news.yahoo.com
  
  By Paul Lienert and Alexandria Sage DETROIT/SAN FRANCISCO (Reuters) - Tesla Motors Inc's decision to equip all of its vehicles with self-driving hardware has intensified competition among rival camps of technology and auto companies over what equipment will be on board cars of the future. Tesla's self-driving system will rely on cameras and radar sensors -- but not lidar, the laser imaging technology most other companies pursuing self-driving cars are using to generate precise pictures of the en
  
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• AT&T discussed takeover in meetings with Time Warner: Bloomberg

  20-10-2016 22:38 via news.yahoo.com
  
  (Reuters) - Senior executives of telecommunications company AT&T Inc and media conglomerate Time Warner Inc have discussed various business strategies including a possible merger in recent weeks, Bloomberg reported on Thursday, citing people it said were familiar with the matter. Time Warner shares jumped 4.7 percent in regular trading and extended gains slightly after hours. AT&T shares slipped 1.8 percent.
  
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• Microsoft adjusted revenue, profit beat as cloud shines

  20-10-2016 22:25 via news.yahoo.com
  
  (Reuters) - Microsoft Corp reported adjusted revenue and profit above estimates on Thursday, driven by growing demand for its cloud products and services.
  
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• PayPal's quarterly revenue beats estimates

  20-10-2016 22:24 via news.yahoo.com
  
  (Reuters) - PayPal Holdings Inc reported a better-than-expected 18.1 percent rise in quarterly revenue, helped by a surge in payment processing volumes and customer additions.
  
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• Wall Street dips as telecoms slump; AmEx surges

  20-10-2016 22:19 via news.yahoo.com
  
  The sector was also pressured late in the session as AT&T extended earlier losses after a report the company had discussed the idea of a merger with Time Warner during recent meetings. AT&T shares ended down 1.9 percent while Time Warner advanced 4.7 percent. Despite the big gain in AmEx shares, the financial sector closed down slightly, off 0.02 percent as property and casualty insurer Travelers dropped 6.1 percent after reporting a steep drop in profit.
  
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• 'Scalper bots' that scoop up concert tickets to be outlawed in Ontario

  20-10-2016 22:16 via cbc.ca
  
  Ontario plans to introduce legislation next spring to outlaw computer "scalper bots" that scoop up huge blocks of tickets to concerts and major sporting events, forcing many customers to the more expensive resale market.
  
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• Tesla says it will roll out Uber-style ride services program

  20-10-2016 21:57 via news.yahoo.com
  
  By Alexandria Sage SAN FRANCISCO (Reuters) - Tesla Motors Inc is planning to roll out a ride services program and will announce details next year, the luxury electric vehicle maker said on its website, a service first outlined by Chief Executive Elon Musk in his master plan in July. News of the Tesla Network was in a disclaimer about the self-driving functionality on new Model S vehicles. Musk said on Wednesday Tesla is building new vehicles with the necessary hardware to eventually enable full
  
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• Innovate like Amazon: Put values and tactics ahead of strategy

  20-10-2016 21:52 via techrepublic.com
  
  Gartner's Janelle Hill made an unorthodox recommendation to the tech leaders at Gartner Symposium this week. She told them to stop spending so much time on strategy.
  
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• Netflix: Todo lo que viene y se va en noviembre en EE.UU.

  20-10-2016 21:37 via cnet.com
  
  El regreso de la serie 'Gilmore Girls' es uno de los puntos sobresalientes de la programación del servicio de 'streaming' de video en noviembre.
  
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• How to install Advanced Intrusion Detection Environment on CentOS

  20-10-2016 21:34 via techrepublic.com
  
  For an added layer of security on your CentOS system, you should consider installing Advanced Intrusion Detection Environment. Find out why.
  
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• Finance Minister Morneau to deliver economic update on Nov. 1

  20-10-2016 21:34 via cbc.ca
  
  Finance Minister Bill Morneau is to deliver his fall economic update to the House of Commons on Nov. 1., near the end of a year that has seen economic growth stuck in a rut.
  
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• Canada-Europe trade deal brinkmanship hinges on Walloons, but also visas

  20-10-2016 20:59 via cbc.ca
  
  European Union trade policy seems to be teetering over a high-risk standoff with Belgium's Wallonian regional government. But a second issue blocks unanimous support for Canada's trade deal, and this one's comparatively easy for Justin Trudeau to fix.
  
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• How to fix document open errors on mobile Google Drive

  20-10-2016 20:52 via techrepublic.com
  
  If you're having trouble opening Google Docs on your Android device, see if this solution resolves the issue.
  
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• Five reasons people hate your mobile app

  20-10-2016 20:52 via techrepublic.com
  
  A mobile app is important to business success, right? True, but a bad app can be a key part of business failure. Here are five features of mobile apps that turn users off.
  
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• How Mendix' Smart Apps help large companies innovate like startups

  20-10-2016 20:42 via techrepublic.com
  
  The Platform as a Service provider aims to make mobile app development accessible, even to non-developers.
  
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• BIS to hear initial verdict on sterling crash in November

  20-10-2016 20:01 via news.yahoo.com
  
  Central bank officials looking into the factors behind the dramatic fall sterling took on Oct. 7 will make an initial report to the Bank for International Settlements in early November, sources with knowledge of the investigation said. Bank of England Governor Mark Carney, who also heads the BIS committee, asked the Swiss-based central banks' central bank to investigate. "BIS is still in the information-gathering phase but they have a pretty good idea of what happened.
  
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• Wal-Mart to open Sam's Club on JD.com

  20-10-2016 19:52 via news.yahoo.com
  
  Walmart Stores will also start a two-hour delivery service from its stores in select Chinese cities on Thursday for orders placed on JD Daojia, JD.com's grocery business. The delivery service will be available from more than 20 Walmart stores in China, and are expected to double by the end of the year. Walmart's global import store, set to be launched on Friday on JD Worldwide, will give Chinese customers access to products imported by Walmart from its stores around the world.
  
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• Postmedia aiming to cut staff costs again

  20-10-2016 19:44 via cbc.ca
  
  Postmedia Network Canada Corp. says its intends to reduce staffing costs by 20 per cent as the company reported lower revenue and a deeper quarterly net loss.
  
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• Snoopy, Peanuts gang, cut loose by insurance giant MetLife as it retools

  20-10-2016 19:35 via cbc.ca
  
  MetLife drops the Peanuts cartoon characters after using them for 31 years in their marketing efforts.
  
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• AmEx leads Wall St. recovery, tech stocks weigh on Nasdaq

  20-10-2016 18:56 via news.yahoo.com
  
  The stock was the top boost to the S&P 500 as well as the Dow, where it added about 42 points, perfectly negating the impact of Verizon and Travelers together. Verizon fell 2.6 percent, dragging the most on the S&P, after the wireless carrier reported a drop in quarterly revenue. The top drag on the Dow was Travelers , which fell 4.2 percent after the insurer posted a steep drop in profit.
  
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• Justin Trudeau on hand as Amazon announces Toronto-area expansion that will employ 700 people

  20-10-2016 18:55 via cbc.ca
  
  Prime Minister Justin Trudeau helped Amazon announce the expansion of one of its Canadian warehouse facilities on Thursday, a move that will bring the facility to 700 workers.
  
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• El tráiler de 'Logan' muestra a un Wolverine viejo, pero peligroso

  20-10-2016 18:46 via cnet.com
  
  Hugh Jackman vuelve a interpretar al mutante de las garras de Marvel, pero ahora entrado en años, en una nueva película que se estrenará en 2017.
  
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• U.S. judge picks monitor for Deutsche Bank over regulator's choice

  20-10-2016 18:36 via news.yahoo.com
  
  A U.S. judge on Thursday approved a U.S. Commodity Futures Trading Commission deal with Deutsche Bank AG in which a monitor would be appointed to ensure the bank reports swaps data properly, but named someone other than the regulator's choice. U.S. District Judge William Pauley in Manhattan, who previously warned he had a duty to not simply "rubber stamp" settlement agreements, agreed the appointment of an independent monitor was warranted. As a result, Pauley said that he had picked Paul Atkins
  
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• Tax agency nets $240M from audits of real estate taxes in B.C., Ontario

  20-10-2016 18:29 via cbc.ca
  
  The Canada Revenue Agency says it has recovered more than $240 million from audits related to probes of tax cheating on real estate in British Columbia and Ontario.
  
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• Tax agency nets $240M from audits of real estate tax in B.C. and Ontario

  20-10-2016 18:29 via cbc.ca
  
  The Canada Revenue Agency says it has recovered more than $240 million from audits related to probes of tax cheating on real estate in British Columbia and Ontario.
  
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• First-time buyers boost U.S. home sales; jobless claims rise

  20-10-2016 18:15 via news.yahoo.com
  
  While other data on Thursday showed a bigger-than-expected increase in the number of Americans filing for unemployment benefits last week, the trend continued to suggest that the labor market remains strong. Labor market strength is one of the key factors underpinning the housing market.
  
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• Ex-Goldman recruit drives HSBC's investment banking ambitions

  20-10-2016 18:14 via news.yahoo.com
  
  Using a rare hire from a Wall Street firm, HSBC is pushing hard to become the top European-based investment bank while its regional rivals struggle with regulatory fines and falling revenues. Former Goldman Sachs banker Matthew Westerman, who took over as head of the Global Banking division in May, has made sweeping changes in the drive to steal market share in a business area where HSBC lags most of its major peers. The London-based lender wants to capitalize on the waning fortunes of its Germa
  
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• Google cuts cloud storage pricing, but will it be enough for the enterprise?

  20-10-2016 18:03 via techrepublic.com
  
  Google recently announced the new Coldline cloud storage offering and lowered pricing for all of its storage tiers. However, challenges remain that hold Google back from being a cloud storage powerhouse.
  
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• Pokemon Go: How the cloud saved the smash hit game from collapse

  20-10-2016 17:53 via techrepublic.com
  
  Pokemon Go's creators reveal how they worked with Google to keep the service afloat in the face of explosive demand.
  
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• US police storing facial image data of 117 million Americans, report says

  20-10-2016 17:43 via techrepublic.com
  
  26 states now let law enforcement use face recognition tech to search driver's license and ID photos, creating a "virtual line-up" of residents.
  
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• Nintendo Switch: así es la nueva consola que llegará en marzo 2017

  20-10-2016 17:38 via cnet.com
  
  La compañía japonesa dio a conocer hoy, en un breve tráiler, la nueva consola que pretende hacer competencia a las actuales PlayStation y Xbox.
  
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• Wall St. falls as weak earnings dent optimism; oil drags

  20-10-2016 17:26 via news.yahoo.com
  
  Verizon fell 2.3 percent, dragging the most on the S&P, after the wireless carrier reported a drop in quarterly revenue. The telecom services sector tumbled 1.9 percent, the most among the 11 major S&P 500 indexes. Microsoft , scheduled to report after the bell, fell 1.3 percent, weighing the most on the Nasdaq.
  
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• ECB leaves door open to more stimulus, points to December meeting

  20-10-2016 17:20 via news.yahoo.com
  
  The European Central Bank left ultra-loose monetary policy unchanged on Thursday but kept the door open to more stimulus in December, firmly shooting down any talk of tapering its 1.7 trillion euro asset-buying program. Offering few clues to the euro zone central bank's next move, ECB President Mario Draghi left a wide range of options on the table and emphasized that a long-awaited rise in inflation is predicated on "very substantial" monetary accommodation. Struggling to stave off deflation, t
  
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• Language learning platform Verbling announces new enterprise-centered system

  20-10-2016 17:00 via techrepublic.com
  
  Global businesses need global employees, and that means multilingual ones. Face-to-face language learning platform Verbling wants to make employee education simple.
  
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• When will Microsoft complete the transition from Control Panel to Settings?

  20-10-2016 16:49 via techrepublic.com
  
  Lack of consistency between the options in Control Panel and in Settings leads to wasted time and frustrated users. Here's a textbook example of confusing design in Windows 10.
  
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• GoDaddy ups security with email encryption and archiving for Office 365 users

  20-10-2016 16:42 via techrepublic.com
  
  GoDaddy recently announced that they were offering specific new security features for their customers who use Office 365.
  
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• U.S. election got you seeing red? Here's how to keep your portfolio in the black

  20-10-2016 16:24 via cbc.ca
  
  The U.S. election promises to be a wild ride to Nov. 8 and stock markets could be taken along for the volatile trip to voting day. With that in mind, experts are urging investors to resist falling prey to emotion and see past the short term while remaining focused on their plans.
  
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• Wall St. flat amid mixed earnings reports

  20-10-2016 16:08 via news.yahoo.com
  
  Verizon fell 2.8 percent, weighing the most on the S&P, after the wireless carrier reported a drop in quarterly revenue. The S&P 500 telecom services sector tumbled 2.2 percent, the biggest loser among the 11 major S&P 500 indexes. Helping the Dow and the S&P cut losses was American Express's 6.6 percent jump following its strong results and forecast.
  
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• U.S. home resales rise, prices also up as inventory stays tight

  20-10-2016 16:06 via news.yahoo.com
  
  U.S. home resales rose more than expected in September, boosted by a firming labor market that is helping buyers overcome a fast increase in prices and a national shortage in inventory. The National Association of Realtors said on Thursday existing home sales rose 3.2 percent to an annual rate of 5.47 million units, the quickest pace since June. August's sales pace was also revised slightly lower to 5.30 million units.
  
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• India's Wipro to buy US cloud services company Appirio for $500 million

  20-10-2016 16:03 via news.yahoo.com
  
  MUMBAI (Reuters) - Wipro Ltd , India's third-biggest software services exporter, said on Thursday it had agreed to buy U.S.-based cloud services company Appirio for $500 million. Appirio has 1,250 employees worldwide, with offices in cities including London and Tokyo. The deal is expected to be completed during the current quarter, Wipro said in a statement. India's $150 billion-plus information technology sector has increasingly been making a shift from its traditional outsourcing business to c
  
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• Exclusive: Blockchain platform developed by banks to be open-source

  20-10-2016 15:34 via news.yahoo.com
  
  By Jemima Kelly LONDON (Reuters) - A blockchain platform developed by a group that includes more than 70 of the world's biggest financial institutions is making its code publicly available, in what could become the industry standard for the nascent technology. The Corda platform has been developed by a consortium brought together by New-York-based financial technology company R3. It represents the biggest shared effort among banks, insurers, fund managers and other players to work on using block
  
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• ECB, keeping rates unchanged, stays quiet about future policy

  20-10-2016 15:27 via news.yahoo.com
  
  The European Central Bank kept interest rates on hold at historic lows on Thursday and its president said the Bank was committed to pursuing substantial asset purchases aimed at spurring growth and inflation. With the eurozone economy enjoying what Draghi called "a moderate but steady" recovery, he defended the stimulus effort as being more successful than the ECB had hoped, and rejected suggestions that ultra-low rates were counter-productive. "The conclusion was they don't hinder the transmiss
  
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• EI rolls shrank in August after rule changes spurred July surge

  20-10-2016 15:23 via cbc.ca
  
  There were 563,000 people receiving Employment Insurance benefits in August, Statistics Canada said Thursday, a three per cent decline from July's level.
  
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• Verizon revenue drops as subscriber additions disappoint

  20-10-2016 15:10 via news.yahoo.com
  
  Verizon Communications Inc  added far fewer wireless subscribers than expected in the third quarter amid a price war with rivals in an oversaturated phone market, and hopes to tap new revenue from its fledgling digital advertising and media business. The company, whose $4.83 billion deal to buy Yahoo Inc's core business was shaken by a massive data breach at the latter, said on Thursday total operating revenue fell 6.7 percent to $30.94 billion, from $33.16 billion. Analysts had expected re
  
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• Final Trump-Clinton debate: Social media data analysis reveals voters are over it

  20-10-2016 15:09 via techrepublic.com
  
  Though online interest in the presidential election has never been higher, social media sentiment about the candidates is in the basement.
  
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• Final Trump-Clinton debate: Social media data analysis reveals voters are it

  20-10-2016 15:09 via techrepublic.com
  
  Though online interest in the presidential election has never been higher, social media sentiment about the candidates is in the basement.
  
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• U.S. jobless claims rise, but labor market still strong

  20-10-2016 15:01 via news.yahoo.com
  
  The number of Americans filing for unemployment benefits rose more than expected last week, but remained below a level that is associated with a strong labor market. Initial claims for state unemployment benefits increased 13,000 to a seasonally adjusted 260,000 for the week ended Oct. 15, the Labor Department said on Thursday.
  
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• 3D printing hack: Researchers crash drone with sabotaged propeller

  20-10-2016 15:00 via techrepublic.com
  
  Researchers from three universities recently completed an attack on a 3D additive manufacturing system, highlighting the impact of potential security vulnerabilities in such systems.
  
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• Level 5 autonomous driving comes to all new Teslas

  20-10-2016 14:36 via techrepublic.com
  
  On Wednesday, Elon Musk announced that every Tesla currently in production will have the hardware to be driverless, and the software will be available in 2018. Here are the details.
  
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