Front Section

Vol. 13 - No. 86
Tuesday, March 28th, 2017
January 10, 2011

Business

Generated on Tuesday, March 28, 2017 02:43 PM

Apple files $1 billion lawsuit against chip supplier Qualcomm

Published: Friday, January 20, 2017 07:10 PM

People line up at an Apple store shortly before it opens in BeijingQualcomm is a major supplier to both Apple and Samsung Electronics Co Ltd for "modem" chips that connect phones to wireless networks. The two companies together accounted for 40 percent of Qualcomm's $23.5 billion in revenue in its most recent fiscal year. In the lawsuit filed in U.S. District Court for the Southern District of California, Apple accused Qualcomm of overcharging for chips and refusing to pay some $1 billion in promised rebates.


Wall Street Week Ahead: Optimism among S&P 500 CEOs as Trump takes power

Published: Saturday, January 21, 2017 08:31 PM

A street sign for Wall Street is seen outside the New York Stock Exchange in Manhattan, New York CityU.S. President Donald Trump's administration is only hours old, but already a small parade of S&P 500 companies' chiefs have voiced optimism that his promised tax cuts, stimulus spending and deregulation will boost corporate profits. In the days ahead of Friday's inauguration, senior executives from Morgan Stanley , Delta Air Lines and other major U.S. corporations said the Trump White House has already sparked a brighter outlook for business. "There is certainly more reason to be optimistic as we enter 2017 than there was at the beginning of 2016," Morgan Stanley CEO James Gorman said on Tuesday after his bank said profit doubled in the fourth quarter.


U.S. bankers tell Europeans to think positively on Trump

Published: Friday, January 20, 2017 07:40 AM

U.S. President-elect Donald Trump listens to questions from reporters while appearing with Alibaba Executive Chairman Jack Ma after their meeting at Trump Tower in New York, U.S.By Carmel Crimmins and Pamela Barbaglia DAVOS, Switzerland (Reuters) - U.S. bankers, buoyed by a resurgence in profits, are advising their counterparts in Europe to think positively about the new administration of U.S. President-elect Donald Trump. At the annual gathering of the world's political and business elites in the Swiss resort of Davos, U.S. financiers told investors and overseas' rivals to focus less on Trump's anti-globalization rhetoric and more on his cabinet picks, comprising of Wall Street veterans and corporate bosses. Many European bankers fear Trump, who campaigned on an "America first" platform and who has threatened to impose punitive tariffs on Chinese imports, could trigger a trade war with the world's second-largest economy.


U.S. department stores steady profitability boat even as sales slide

Published: Friday, January 20, 2017 03:14 PM

A newly constructed Target store is shown in San Diego, CaliforniaU.S. department store chains, hit by slowing sales for more than two years, have used layoffs, store closings and cutbacks to maintain one aspect of stability: profit margins. An analysis of two important indicators of retail profitability, gross margins and operating margins, shows retailers like Kohl's Corp , JC Penney Co Inc , Macy's Inc and Target Corp have done a better job at delivering on profitability than maintaining sales growth.


U.S. bankruptcy court judge OKs $425 million for Avaya loan

Published: Friday, January 20, 2017 04:29 PM

The sign at Avaya Inc. offices and lab in Westminster, Colorado is seenA U.S. bankruptcy court judge granted Avaya Inc approval on Friday to tap $425 million of the $725 million loan proposed to carry the telecommunications company through its restructuring, funds the company said were essential to continue operations. Avaya filed for Chapter 11 bankruptcy protection on Thursday to cut its debt of about $6 billion after efforts to sell its call center business and reach a consensual deal with creditors failed. "The company has taken a decisive step to rightsize its balance sheet," Pat Nash, one of the company's attorneys, told Judge Stuart Bernstein at the U.S. Bankruptcy Court for the Southern District of New York.


Morgan Stanley CEO James Gorman's 2016 pay up 7 pct to $22.5 million

Published: Friday, January 20, 2017 04:09 PM

Morgan Stanley Chairman and CEO Gorman speaks during the Institute of International Finance Annual Meeting in WashingtonGorman will receive $22.5 million in total compensation, up from $21 million in 2015, spokesman Mark Lake said in an email. Gorman received a $5 million stock bonus for his performance in 2016, an 8 percent increase from 2015, according to a filing with the U.S. Securities and Exchange Commission. The filing did not provide greater detail on Gorman's total 2016 compensation.


TrailStone buys Cargill's power and gas group: sources

Published: Friday, January 20, 2017 03:39 PM

A Cargill logo is pictured on the Provimi Kliba and Protector animal nutrition factory in LucensCommodities trader and investor TrailStone Group has purchased Cargill Inc's gas and power trading group, three sources familiar with the deal said this week. The move, first reported by Sparkspread, comes amid a reshuffling in the power and natural gas industry as private equity firms and hedge funds pour into the space, filling a void left by banks and other longtime players. The banks and others have been pulling back over the past several years as natural gas prices have reached lows not seen in a decade, due to abundant U.S. shale gas and increasingly strict capital requirements and regulations that have pressured banks to reduce their involvement in physical commodities markets.


Investment Focus: History suggests Trump month will be stocks down, dollar up

Published: Friday, January 20, 2017 08:18 AM

FILE PHOTO: A TV screen showing U.S. President-elect Trump is pictured in front of the German share price index DAX board in FrankfurtFor financial markets, the Trump era begins on Monday, and if history is any guide the following month should be a rocky one for Wall Street but positive for the dollar. The S&P 500 has fallen a median 2.7 percent in the month after each new president has taken the keys to the White House since Herbert Hoover did so in January 1929, according to Reuters analysis. Only four presidents have seen Wall Street rise in their first month in power: Hoover (+3.8 percent), John F. Kennedy in 1961 (+6 pct), George H. W. Bush in 1989 (+5.3 pct) and Bill Clinton in 1993 (0.8 pct).


Wall Street ends higher as Trump becomes president

Published: Friday, January 20, 2017 04:11 PM

A trader watches the Trump inauguration on TV on the floor of the New York Stock Exchange (NYSE) in Manhattan, New York CityU.S. stocks closed higher on Friday in a modest but broad-based advance as Donald Trump was sworn in as U.S. President, marking the first time in more than 50 years that a new commander-in-chief has been welcomed by a rising equity market on his first day in office. In his speech, Trump said U.S. policy will be to buy American and hire American, reiterating what he had said many times during this campaign for the White House.


Wall Street Week Ahead: Optimism among S&P 500 CEOs as Trump takes power

Published: Friday, January 20, 2017 06:28 PM

A street sign for Wall Street is seen outside the New York Stock Exchange in Manhattan, New York CityU.S. President Donald Trump's administration is only hours old, but already a small parade of S&P 500 companies' chiefs have voiced optimism that his promised tax cuts, stimulus spending and deregulation will boost corporate profits. In the days ahead of Friday's inauguration, senior executives from Morgan Stanley , Delta Air Lines and other major U.S. corporations said the Trump White House has already sparked a brighter outlook for business. "There is certainly more reason to be optimistic as we enter 2017 than there was at the beginning of 2016," Morgan Stanley CEO James Gorman said on Tuesday after his bank said profit doubled in the fourth quarter.


Two ways to set up a one-click shortcut for creating a restore point in Windows 10

Published: Friday, January 20, 2017 12:58 PM

Two ways to set up a one-click shortcut for creating a restore point in Windows 10Manually creating a restore point is a bit of a clumsy process. Check out these two techniques for turning restore point creation into a one-click operation.


Trump's tech transition: Will the president's new phone change his Twitter game?

Published: Friday, January 20, 2017 12:53 PM

Trump's tech transition: Will the president's new phone change his Twitter game?US President Donald Trump has officially traded in his personal smartphone for one with limited features, which could impact the way he interacts with social media.


How to fix slow Android app installations

Published: Friday, January 20, 2017 11:12 AM

How to fix slow Android app installationsIf you've run into a crawling Google Play Store app installation, check out the fix by way of cache and a handy DNS app called DNS Changer.


How to enable two-factor authentication for your Apple ID

Published: Friday, January 20, 2017 09:56 AM

How to enable two-factor authentication for your Apple IDA hacked Apple account can be worth a lot to a cybercriminal. Protect yourself by enabling two-factor authentication for your Apple ID.


Why AI is about to make some of the highest-paid doctors obsolete

Published: Friday, January 20, 2017 09:48 AM

Why AI is about to make some of the highest-paid doctors obsoleteAccording to a recent New England Journal of Medicine article, radiology and pathology are particularly susceptible to the power of machine learning.


Tesla Autopilot lowers crash rate by 40%, proves robots are better drivers

Published: Friday, January 20, 2017 09:11 AM

Tesla Autopilot lowers crash rate by 40%, proves robots are better driversDuring an investigation into a fatal Tesla wreck, evidence was produced that shows the automaker's AI-powered Autopilot improves vehicle safety.


Windows 10: Microsoft's enterprise upgrade push 'will pay off in 2017'

Published: Friday, January 20, 2017 08:25 AM

Windows 10: Microsoft's enterprise upgrade push 'will pay off in 2017'Microsoft's offer to upgrade some business customers to Windows 10 for free is the latest in a concerted effort to push firms to begin deployments.


How Seattle wants to avoid becoming a 'dumb smart city'

Published: Friday, January 20, 2017 08:22 AM

How Seattle wants to avoid becoming a 'dumb smart city'Putting the right tech in place, and doing it the right way, is the key for Seattle's smart city goals. TechRepublic talked to Seattle's CIO to find out more about the city's plans.


Poll: Will Trump improve or harm cybersecurity and digital privacy?

Published: Friday, January 20, 2017 08:06 AM

Poll: Will Trump improve or harm cybersecurity and digital privacy?The new administration may trigger profound changes in digital security, encryption, personal privacy, and innovation. Do you think the cybersecurity changes will help or hurt business?


How to create work-life balance in tech: 7 tips from the C-suite

Published: Friday, January 20, 2017 06:00 AM

How to create work-life balance in tech: 7 tips from the C-suiteDisconnecting after work, allowing flexible schedules, and prioritizing personal events as much as work are all keys to finding a balance, tech professionals say.


Extra, extra! That fake news story might come with malware

Published: Thursday, January 19, 2017 03:42 PM

Extra, extra! That fake news story might come with malwareFake news is worrying IT security pros, and there appears to be no end in sight.


Is Linksys Velop mesh network a smart buy for your small business?

Published: Thursday, January 19, 2017 02:28 PM

Is Linksys Velop mesh network a smart buy for your small business?If your small business or home office suffers from wireless dead spots, you might consider a mesh networking device. Meet one of the new players in that realm: Linksys Velop.


Microsoft offers free Windows 10 upgrades to certain customers

Published: Thursday, January 19, 2017 01:08 PM

Microsoft offers free Windows 10 upgrades to certain customersWindows customers who have subscriptions through the Cloud Solution Provider program can now upgrade their Windows 7 and Windows 8.1 PCs to Windows 10 for no cost.


Why email encryption is failing, and how to fix it

Published: Thursday, January 19, 2017 12:53 PM

Why email encryption is failing, and how to fix itEmail encryption is a necessity, yet the masses still aren't adopting the technology. Jack Wallen offers a solution to this urgent security problem.


Twitter sells its Fabric developer platform to Google

Published: Thursday, January 19, 2017 10:03 AM

Twitter sells its Fabric developer platform to GoogleGoogle recently announced that it was acquiring a host of developer tools from Twitter, including its Fabric platform and its Crashlytics crash reporting system.


How Mark Shuttleworth became the first African in space and launched a software revolution

Published: Thursday, January 19, 2017 08:24 AM

How Mark Shuttleworth became the first African in space and launched a software revolutionIn an inside look at the Ubuntu founder and space pioneer, TechRepublic shows what Mark Shuttleworth has learned about innovation, cybersecurity, the future of tech, and planet Earth.


How Apple will have to earn its next $1 trillion in the cloud

Published: Thursday, January 19, 2017 07:54 AM

How Apple will have to earn its next $1 trillion in the cloudApple makes great hardware, but that's not the key to its next trillion dollars. Here's why its cloud-based services will be critical to its success.


11 US jobs that pay more than $100K

Published: Thursday, January 19, 2017 06:00 AM

11 US jobs that pay more than $100KPositions at Apple, Google, and Facebook are included in a Glassdoor list of jobs with six figure salaries at top-rated places to work.


The intelligent cloud hinges on cloud adoption

Published: Wednesday, January 18, 2017 02:59 PM

The intelligent cloud hinges on cloud adoptionThe next version of the cloud isn't going to just store data or serve up SaaS--it's going to be useful for decision making and automating processes and for benefiting from AI in cloud apps.


How to import Access web app data into an Excel workbook for reporting

Published: Wednesday, January 18, 2017 02:39 PM

How to import Access web app data into an Excel workbook for reportingThis two-step process enables you to import Access web app data into Excel, where you can filter, graph, and analyze it to produce meaningful reports.


How universities are helping fill the smart cities talent gap

Published: Wednesday, January 18, 2017 02:24 PM

How universities are helping fill the smart cities talent gapColleges are offering new classes, degrees and certifications to help train the smart city workforce of the future. Continuing education is also an option.


Under pressure: 4 main stressors for big data leaders

Published: Wednesday, January 18, 2017 01:42 PM

Under pressure: 4 main stressors for big data leadersAs more companies take on big data projects, the demands on data scientists and IT leaders are increasing. These are the top four big data pressure points.


Facebook to invest $3B in VR over next decade to reach more users

Published: Wednesday, January 18, 2017 01:00 PM

Facebook to invest $3B in VR over next decade to reach more usersDuring an Oculus intellectual property trial, Facebook CEO Mark Zuckerberg said that his company would make a large investment in virtual reality technology to provide a better user experience.


How to set up two-factor authentication for your Google account

Published: Wednesday, January 18, 2017 11:57 AM

How to set up two-factor authentication for your Google accountTwo-factor authentication is a simple way to add an extra layer of security to your Google account. Here's how to get it set up.


How AT&T built the data network for Trump's inauguration

Published: Wednesday, January 18, 2017 10:16 AM

How AT&T built the data network for Trump's inaugurationThis week nearly a million mobile phone users will attend inaugural events in Washington, D.C. Here's how AT&T spent two years and $15 million to prepare for the next president.


IBM offers the only cloud secure enough for the US Army

Published: Wednesday, January 18, 2017 10:02 AM

IBM offers the only cloud secure enough for the US ArmyIBM recently signed a $62M deal with the US Army to build and operate a private cloud data center in Huntsville, Alabama.


As Moscow considers ditching Outlook on 600,000 PCs, how hard could Russia's anti-US software laws hit Microsoft?

Published: Wednesday, January 18, 2017 09:46 AM

As Moscow considers ditching Outlook on 600,000 PCs, how hard could Russia's anti-US software laws hit Microsoft?Is Microsoft now facing the prospect of a mass defection in Russia?


There's a new Gmail phishing attack going around, and it's fooling everyone

Published: Wednesday, January 18, 2017 09:40 AM

There's a new Gmail phishing attack going around, and it's fooling everyoneTech professionals don't generally fall for phishing attacks: They know what to look for and when to be suspicious. One new attack, however, is even fooling the experienced.


Transhumanism: Should we use robotics to enhance humans?

Published: Wednesday, January 18, 2017 09:12 AM

Transhumanism: Should we use robotics to enhance humans?Many worry about superhuman AI. But what about human augmentation? Here's why transhumanism, a philosophy that considers melding humans and machines, has become an increasingly relevant force in AI.


Report: 57% of businesses can't find enough IT security pros

Published: Wednesday, January 18, 2017 09:00 AM

Report: 57% of businesses can't find enough IT security prosIT security decision makers say their teams lack the staff and skills needed to combat sophisticated cyberattacks, according to a new report from Osterman Research and Trustwave.



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