Nomura Instinet is less bullish on further stock gains for Intel after talking to the chipmaker’s CEO, Brian Krzanich. The firm noted how the Intel executive did not limit the level of potential market shares losses to its competitor AMD. “We came away from a meeting with CEO Brian Krzanich last week believing that the […]
Read moreAmazon is expanding its Whole Foods Market discounts for Prime customers to 10 new states including Arizona, Georgia and North Carolina, the company said Monday. The new perks are expected to bring the might of Amazon’s membership program to the grocery industry. Prime members shopping at Whole Foods locations simply open the grocery chain’s mobile […]
Read moreDisney’s offer to buy 21st Century Fox. CVS’s bid for Aetna. T-Mobile’s proposed merger with Sprint. The path for these blockbuster deals and others could be transformed in an instant on Tuesday, when a federal judge is expected to issue his opinion on the government’s effort to block AT&T’s merger with Time Warner. It is […]
Read moreBuy EA shares because its battle-royale mode in 'Battlefield' will fend off 'Fortnite,' analyst says
Electronic Arts will benefit from the battle-royale trend popularized by Epic Games’ “Fortnite,” according to one Wall Street firm. The game publisher announced Saturday it will add a battle-royale mode to its “Battlefield V” game. The title is slated for release on Oct. 19. Piper Jaffray reiterated its overweight rating for Electronic Arts shares, predicting […]
Read moreA venture fund formed by the company behind the beloved TV show “Sesame Street” has invested in a start-up that wants computer building and coding to return to the forefront of consumer technology. Kano, known for its do-it-yourself computer building kits for kids, said that it had bagged the funding from Sesame Ventures, the social-minded […]
Read moreMicrosoft unveiled a string of exclusive games for the Xbox console and the acquisition of four content studios, as it tries to regain lost ground against the Sony PlayStation. On Sunday at E3, the biggest gaming event of the year, the U.S. technology giant showcased 52 games, 18 of which will launch as exclusives, meaning […]
Read moreChinese smartphone maker Xiaomi recorded a first-quarter net loss of 7 billion yuan ($1.09 billion) ahead of its blockbuster initial public offering, according to a filing. That compares with a net loss of 43.89 billion yuan for the whole of 2017, according to its draft prospectus for what is expected to be the first Chinese […]
Read moreContract manufacturer Foxconn said on Sunday it is investigating a plant in China that makes devices for Amazon.com Inc, after a U.S. watchdog group criticized what it described as harsh working conditions at the factory. A 94-page report by New York-based China Labor Watch that followed a nine-month investigation cited excessive hours, low wages, inadequate […]
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Bitcoin tumbled 10 percent on Sunday to its lowest in two months, after a relatively small South Korean exchange said it was hacked. Over the weekend, crypto exchange Coinrail tweeted that it was hacked, and noted that lesser-known cryptocurrencies such as Pundi X were among those affected, according to Google Translate. The Pundi X-bitcoin pair […]
Read moreHere’s a round-up of the most important deals in venture capital from the past week. Microsoft on Monday announced plans to acquire software developer platform GitHub in a deal valued at $7.5 billion. GitHub was valued at $2 billion in its last funding round in 2015. With its once-dominant Windows unit slipping in market share […]
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