Wednesday July 8-th, 2020

HP rejects Xerox bid, this time HP rejects Xerox bid, this time

However, HP said that much more due diligence is required and doubted Xerox's ability to pull off the acquisition. "[This] raises significant questions for us regarding the trajectory of your business and future prospects", HP wrote. Board began dis...

WhatsApp Says User Data Not Affected by New MP4 File Security Vulnerability WhatsApp Says User Data Not Affected by New MP4 File Security Vulnerability

A WhatsApp flaw that could let hackers steal users' chat messages, pictures and private information has been uncovered by security researchers. The vulnerability, which does not require any form of authentication from the victim, executes when th...

Naver announces deal to combine messaging app provider with Yahoo Japan Naver announces deal to combine messaging app provider with Yahoo Japan

It also offers Line a deep-pocket patron who can offer its tech expertise, including potentially via the giant Vision Fund. SoftBank Corp introduced at present that it has reached an settlement to merge with Z Holdings (the SoftBank subsidiary pr...

Michigan Recreational Cannabis Sales Could Start as Early as Next Month Michigan Recreational Cannabis Sales Could Start as Early as Next Month

Recreational marijuana is unlikely to available on a widespread basis in MI until licensed growers can harvest the first crop, possibly in March or April. We need more notice of less than 30 days prior to this effect. Harns said the agency watched ...

US Supreme Court to hear Google bid to end Oracle copyright suit US Supreme Court to hear Google bid to end Oracle copyright suit

Google has said that under fair-use laws it didn't need a license for the open-source software. "We welcome the Supreme Court's decision to review the case and we hope that the Court reaffirms the importance of software interoperability in American...

Warren Buffett buys a stake in Restoration Hardware Warren Buffett buys a stake in Restoration Hardware

RH is now up more than 50% in 2019. According to a regulatory filing which listed Berkshire's US-listed stocks as of September 30, 2019, the insurer owned about 1.21 million RH shares worth US$206.3 million. The company also bought a almost 7.5 mil...

Apple 'drastically surprised' by Germany's new law to commence up cell funds Apple 'drastically surprised' by Germany's new law to commence up cell funds

But any company seeking to use the engineering on an iPhone-whether a financial institution or the London metro system-must move by way of Apple Pay back for a price. "We are concerned that the bill could harm the user friendliness, data protection...

Aramco declares $1.71 trillion valuation in blockbuster IPO Aramco declares $1.71 trillion valuation in blockbuster IPO

The indicative price range for about 3 billion shares that Saudi Aramco offers is between 30 riyals ($8) and 32 riyals ($8.53) per share. The listing is likely to proceed in December, according to the company's stated timeline. "(The) first impress...

Aurora Cannabis (TSE:ACB) Sets New 12-Month Low at $3.59 Aurora Cannabis (TSE:ACB) Sets New 12-Month Low at $3.59

On average, analysts expect that Aurora Cannabis will report full-year sales of $391.87 million for the current fiscal year, with estimates ranging from $296.40 million to $473.56 million. Piper Jaffray Companies reduced their Q3 2021 earnings per...

IEA: Opec+ faces ‘major challenge’ from competitors’ surging output IEA: Opec+ faces ‘major challenge’ from competitors’ surging output

As a result, the Organization of Petroleum Exporting Countries - which has cut production this year to prevent a surplus - is now pumping about 1.7 million barrels a day more than will be needed in the first half of next year, the report showed.

USA defense chief says cloud contract was fair, despite Amazon challenge USA defense chief says cloud contract was fair, despite Amazon challenge

Amazon has submitted a notice to the Court of Federal Claims indicating it will protest the Pentagon's decision. The company is appealing the contract at the U.S. "I am confident that it was conducted freely and fairly without any type of outside in...

Instagram begins hiding likes globally Instagram begins hiding likes globally

Kim Kardashian West, who has usually been one of Instagram's 10 most followed users, said the change could be beneficial . It's still testing the feature and how people will react, but the company notes that the feedback has been positive so far.

Wall Street slips after Cisco's gloomy outlook Wall Street slips after Cisco's gloomy outlook

Stocks are opening slightly lower on Wall Street led by declines in banks and industrial companies. The S&P 500 posted 26 new 52-week highs and three new lows; the Nasdaq Composite recorded 78 new highs and 121 new lows. Tech stocks also faltered a...

Oil steadies as Cushing drawdown faces trade worries Oil steadies as Cushing drawdown faces trade worries

Brent crude futures were up 31 cents, or 0.5 per cent, at 62.49 dollars a barrel by 0644 GMT, after dipping to as low as 61.90 dollars earlier in the day. On the negative side, another significant build in U.S. crude oil supplies have dented the m...

Nissans & Infinitis Recalled for Fire Risk Nissans & Infinitis Recalled for Fire Risk

According to the Associated Press, the recall, detailed in documents posted Friday, Nov. 15, by the USA government, covers the Nissan Murano SUV from 2015 through 2018, and Maxima sedans from 2016 through 2018. It previously recalled about 215,000 ...

It's official, Bill Gates is world's richest again It's official, Bill Gates is world's richest again

Gates briefly bested Bezos last month when Amazon reported that profits for the three months ending in September dropped nearly 28 percent previous year. Bezos had ended Gates' 24-year-reign as the world's richest man in 2018 when his net worth s...

New Jersey seeks $640 million from Uber for misclassifying workers New Jersey seeks $640 million from Uber for misclassifying workers

Uber also allegedly owes up to $119 million in accrued penalties and interest. For Uber, classifying its drivers as employees would probably be quite the nightmare scenario. Specially, this large contractor workforce keeps the deeply unprofitable b...

Royal Mail wins High Court injunction to halt postal strikes Royal Mail wins High Court injunction to halt postal strikes

In a note on Wednesday, broker Peel Hunt said the CTA ruling was "a very negative outcome" for Royal Mail as it not only upheld Ofcom's fine but appeared to support "inevitable legal action from Whistl where awarded damages could also be significan...

New BHP CEO Henry to drive efficiencies, focus on social licence New BHP CEO Henry to drive efficiencies, focus on social licence

Mackenzie will retire on December 31, ending almost seven years in charge of the global miner, and over a decade with the company. The world's biggest miner said Henry was tapped to take over the top job from January 1, 2020 after a "thorough succe...

German economy grows 0.1% in Q3, staving off recession German economy grows 0.1% in Q3, staving off recession

Faltering exports and industrial production had pointed towards a significant chance of a recession, yet the strength of consumer spending ultimately managed to keep the German economy afloat for now. Parts maker Continental AG said two days ago it...

Trump isn’t ready to sign China deal, White House advisers say Trump isn’t ready to sign China deal, White House advisers say

Nine of the 11 major S&P 500 sectors were higher, with the trade-sensitive technology sector rising the most with a 0.59% gain. In Europe, the pan-regional STOXX 600 index .STOXX closed 0.4% higher, close to four-year highs it hit last week.

China's economy shows further signs of weakness China's economy shows further signs of weakness

The tariff war between China and the USA has hit global demand, disrupted supply chains and upended financial markets. Thursday's data also showed fixed asset investment, a key driver of economic growth, grew 5.2 per cent from January-October, agai...

USA crude oil inventories increase last week USA crude oil inventories increase last week

US government data showed stockpiles expanded by 2.22 million barrels last week as production rose to a record, while the International Energy Agency said fresh supplies from America and beyond will continue to "calm" world markets in 2020.

Vodafone pleads for govt relief after posting worst quarterly loss in India Vodafone pleads for govt relief after posting worst quarterly loss in India

The company is in the process of filing a review petition with the Supreme Court over the AGR judgement. Vodafone Idea has taken a one-time charge of 256.80 billion rupees and its revenue from operations more than halved to 108 billion rupe...

McLaren's new Elva roadster has a literal McLaren's new Elva roadster has a literal "wind-screen"

Powered by the firm's 4.0-litre, twin-turbocharged V8 engine has a claimed 0-100kph time of under 3sec and a 0-200kph time of 6.7sec - that's faster than the track-focused Senna . According to the company's announcement , the car's "blurred boundari...

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