Dutch police arrested five Romanian men suspected of stealing iPhones worth 500,000 euros ($590,000) in a dangerous heist on a moving truck, a spokesman said Monday. The five men, aged from 33 to 43, allegedly stole the iPhones in a late-night raid a week ago by driving a modified van so close to the delivery […]
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Russia follows China in tightening internet restrictions, raising fresh censorship concerns
Russia has passed a law banning software that allows users to view internet sites barred in the country anonymously. President Vladimir Putin signed the bill prohibiting virtual private networks (VPNs) and other technologies that anonymize users, according to the government’s website on Sunday. The law, which was approved by the Duma (Russian parliament) earlier this […]
Read moreThree years, near-billion dollar settlements in China and South Korea and a slew of litigation with Apple later, Qualcomm CEO Steve Mollenkopf says it’s the uniqueness of his business model that has drawn such international scrutiny. “It’s unique so it’s easy to attack,” Qualcomm CEO Steve Mollenkopf told CNBC’s Squawk on the Street Monday. “It […]
Read moreSoftBank will not be making an investment in Uber, sources tell CNBC. The Japanese conglomerate had been considering an investment in the ride-hailing company at a time when Uber’s management is in turmoil, but those talks are now dead, the sources said. SoftBank already has positions in Ola, the big ride-hailing company in India, and […]
Read moreWhen Bob Bakish was named acting CEO of Viacom last October, most media reporters and sell-side analysts saw him as a caretaker. They thought it was a signal that Viacom’s owner, Shari Redstone through National Amusements’ controlling stake, was gearing up to merge the company into CBS and let Les Moonves run it. Nine months […]
Read moreShares of Charter Communications shot up 7 percent in trading Monday on talk the Japanese conglomerate SoftBank Group will make a direct bid for the U.S. cable operator despite Charter’s rejection of a merger proposal by Sprint. SoftBank chairman Masayoshi Son is planning to make a bid to directly purchase Charter later this week, Bloomberg […]
Read moreAn analyst at a small research firm is doubling down on his negative call for Facebook shares after the social media giant reported blow out earnings results last week. Pivotal Research lowered its rating for the internet company to sell from hold, saying it is facing digital ad saturation risk as large companies are “scrutinizing” […]
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Snapchat’s stock dropped as its IPO “lockup” period expired Monday, allowing early insiders and employees to sell up to 400 million shares. Snap shares were down 3 percent in premarket trade Monday morning to about $13.42 a share. The stock first fell below its $17 IPO price in July and has been under tremendous pressure […]
Read moreSome members of Uber’s eight-person board were excited about the idea of Meg Whitman becoming the ride-hailing company’s next chief executive. Ms. Whitman, the chief executive of Hewlett Packard Enterprise and a former leader of eBay, appeared to have many of the right traits for the job: experience, maturity, a level head — the kind […]
Read moreStock market adrenaline junkies are in luck. Several companies reporting earnings over the next two weeks are expected to see big moves on their results. Among large companies, the ones expected to see the largest pops or drops are Groupon, Weight Watchers, Yelp, Twilio and Snap, according to MKM Partners derivatives strategist Jim Strugger. “If […]
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