Wednesday, May 1, 2019

Former Google executives Eric Schmidt, Diane Greene to leave board

Google parent company Alphabet Inc said on Tuesday former Chairman and Chief Executive Eric Schmidt and former Google Cloud CEO Diane Greene will step down from the search company's board in June.


from Reuters: Technology News https://reut.rs/2WarnJD

Japan's SoftBank invests $1 billion in delivery app Rappi

Japan's SoftBank will invest $1 billion in Colombian delivery app Rappi, marking the first move by its newly created Innovation Fund for Latin America, according to a statement on Tuesday, confirming earlier media reports.


from Reuters: Technology News https://reut.rs/2GNgdnK

FireEye results hit Wall Street's mark, current quarter forecast to fall short

FireEye Inc on Tuesday posted first-quarter revenue and billings better than Wall Street expectations, but forecast revenue and profit for the current quarter below analysts' estimates.


from Reuters: Technology News https://reut.rs/2LdYY4e

Apple optimistic on sales as iPhone price cuts help in China

Apple Inc on Tuesday forecast stronger-than-expected third-quarter revenue and Chief Executive Tim Cook said iPhone sales had started to stabilize in China, a sign that Apple's price cuts there are helping limit sales declines.


from Reuters: Technology News https://reut.rs/2Vwlute

Former Google CEO Eric Schmidt to step down from board

Google parent company Alphabet Inc said on Tuesday former chairman and chief executive officer of the internet search giant, Eric Schmidt, will step down from its board at the end of his term in June.


from Reuters: Technology News https://reut.rs/2LgagVL

Uber takes IPO roadshow to New York as demand builds up

Uber Technologies Inc CEO Dara Khosrowshahi and his top management team took the ride-hailing giant's investor roadshow for its initial public offering to New York on Tuesday, as demand for its shares already exceeded supply.


from Reuters: Technology News https://reut.rs/2VFj4IE

FireEye second-quarter profit, revenue forecast miss estimates

FireEye Inc posted a bigger quarterly loss on Tuesday as the cyber security firm's costs rose, and the company forecast revenue and profit for the current quarter below analysts' estimates.


from Reuters: Technology News https://reut.rs/2V7UHnG

Akamai beats revenue estimates on cyber-security strength

Akamai Technologies Inc beat analysts' estimates for first-quarter revenue on Tuesday, powered by demand for its cyber-security services and its traditional business of helping speed up content delivery on the web.


from Reuters: Technology News https://reut.rs/2GZiKLN

U.S. attorney general recuses self from T-Mobile, Sprint merger probe

U.S. Attorney General William Barr has recused himself from the Justice Department's deliberations on whether to allow T-Mobile to proceed with its $26 billion acquisition of Sprint, according to a source familiar with the decision.


from Reuters: Technology News https://reut.rs/2UO6MJv

Mark Zuckerberg to explain how Facebook gets 'privacy focused'

Zuckerberg and his lieutenant, Sheryl Sandberg, have apologised repeatedly over the past year for Facebook's ever-expanding list of mishaps over privacy, data misuse and security problems.

from Tech-Economic Times http://bit.ly/2GRYjQy

Facebook overhauls messaging as it pivots to privacy

Facebook Inc on Tuesday debuted an overhaul of its core social network and new business-focused tools, the first concrete steps in its plan to refashion itself into a private messaging and e-commerce company.


from Reuters: Technology News https://reut.rs/2GSrCnf

Softbank Group launches over $10 billion in bonds for OpenAI investment, term sheet shows

The dollar-denominated notes are split into 3-1/2-year, 5-1/2-year and 7-1/2-year tenors, while the euro-denominated bonds are split into 4-...