Microsoft on Tuesday announced that it has acquired Cycle Computing, a 12-year old company that specializes in running complex high-performance computing workloads across different public clouds. Terms of the deal weren’t disclosed. The deal could help Microsoft ensure that more of the supercomputing jobs companies want to do end up on its Azure public cloud, […]
Read moreA London Stock Exchange employee fell to his death from an upper-floor balcony, officials said Tuesday. Details around the incident are sketchy, but police confirmed it happened around 9:58 London time. “The City of London Police is currently investigating the circumstances around the death and the incident is being treated as non-suspicious,” a City of […]
Read moreUber has settled with federal regulators that accused the start-up of “deceptive privacy and data security claims.” More than 100,000 names and driver’s license numbers were stolen in a 2014 data breach of Uber’s database, operated by Amazon Web Services. The FTC said the company could have made low-cost attempts, like using multi-factor authentication, to […]
Read moreCompanies led by the three CEOs who left a presidential advisory council this week all have share prices that have badly underperformed their peers this year, CNBC research shows. Intel CEO Brian Krzanich, Merck CEO Kenneth Frazier and Under Armour CEO Kevin Plank have all resigned from the American Manufacturing Council since deadly violence erupted […]
Read moreAmazon.com announced Tuesday a private debt offering to fund its acquisition of Whole Foods Market. The debt is set to price later Tuesday and will be broken into seven parts ranging from three-year notes to 40-year notes, analysts said. Bank of America Merrill Lynch, Goldman Sachs and JPMorgan Chase are the lead underwriters for the […]
Read moreThere is an emerging biotech movement that promises to transform medical science and radically overhaul the arduous process of bringing new drugs, foods and cosmetics to market. Teams of academic and government researchers and a handful of start-ups have created human organs-on-chips — miniaturized versions of livers, lungs, kidneys, intestines and other vital innards. The […]
Read moreTrump administration officials are notorious for their suspicion that a “deep state” of career military, intelligence, diplomatic, or civil service professionals is seeking to sabotage their work. But for a clearer example of sabotage — albeit without much in the way of a conspiracy — Trump would do well to cast his gaze at the […]
Read moreThe “Fast Money” traders shared their moves for the first hours of the trading day. Pete Najarian was a buyer of Nvidia. Karen Finerman was a buyer of Bank of America. Tim Seymour was a buyer of Citigroup. Guy Adami was a buyer of Micron Technology. Trader disclosure: On August 14, 2017, the following stocks […]
Read moreProfessional investors see the stock market higher than it should be and likely to lose one of its key supports, according to a closely watched sentiment gauge. A net 46 percent of respondents to the latest Bank of America Merrill Lynch Fund Manager Survey consider stocks “overvalued,” the biggest gap ever recorded. At the same […]
Read moreAmazon is rolling out pickup points in the United States where shoppers can retrieve items immediately after ordering them, shortening delivery times from hours to minutes, the company said on Tuesday. The world’s largest online retailer has launched ‘Instant Pickup’ points around five college campuses, such as the University of California at Berkeley, it said. […]
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