Facebook’s top executives sold over $4 billion worth of company shares last year – more than twice the amount of their counterparts at other giant technology firms — the total value boosted by a 52 percent surge in the company’s stock price in 2017. The data comes from filings at the Securities and Exchange Commission […]
Read morePractice Fusion, a start-up in the crowded electronic medical records market, was acquired on Monday for $100 million, two years after bankers were expecting to take the company public at a $1.5 billion valuation. Allscripts announced the cash deal in a press release and said the price is “subject to adjustment for working capital and […]
Read moreAT&T won’t sell smartphones from Huawei, sources told the Wall Street Journal. Huawei was rumored to be in talks to sell its Mate 10 smartphone through AT&T by February. It would have been the first time the Chinese company, which is currently the world’s third largest telecommunications equipment manufacturer, partnered with a major U.S. carrier. […]
Read moreAmazon is taking its popular Alexa voice-controlled system offline — to your car. On Monday, Amazon introduced Alexa Onboard, a new voice system that lets the driver access the Alexa voice assistant through its in-car infotainment system. That means drivers can ask for directions or play music by simply asking its vehicle audio system by […]
Read moreRecently, while on my way to the University of Pittsburgh’s campus, I made a quick “Pittsburgh left” – taking a left turn just as the light turns green – while facing a driverless car. Instead of jolting forward or honking – as some human drivers would be tempted to do – the car allowed me […]
Read moreApple’s capital return program will get much larger, according to one Wall Street firm. UBS reiterated its buy rating for Apple shares, saying the recently passed tax reform bill will free up new funds for the company’s shareholder return program. “Apple clearly is a beneficiary of overseas cash repatriation,” analyst Steven Milunovich wrote in a […]
Read moreToyota unveiled a new take on the “mobility” concept at CES on Monday. Company president Akio Toyoda revealed the “e-Palette,” an electric, self-driving vehicle that when launched will apparently be a combination deli, pizza delivery, retail shop, and ride-hailing service. “It is an open, flexible platform easily adapted to suit a range of uses, including […]
Read moreJames Damore, the Google engineer who was fired after his internal memo criticizing the company’s diversity efforts went viral, has filed a proposed class action lawsuit against the company. Damore’s original memo, which was leaked this fall, criticized Google’s “left leaning” culture and argued that women in engineering were paid less than men because of […]
Read moreApple just released a security patch for iPhones and iPads — this time in response to the “Spectre” vulnerability that first made headlines last week. The company issued an update for the “Meltdown” vulnerability last week, but you still need to update again to the latest iOS to avoid the numerous security gaps that affect […]
Read moreThe latest efforts to expand the way investors can buy bitcoins venture into the often misunderstood and potentially dangerous area of leveraged ETFs. A regulatory application from Direxion Asset Management seeks approval for five new funds — one that seeks straight-up correlation with the cryptocurrency, but four others designed to amplify price movements either up […]
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