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Does Europe have what it takes to create the next Google?

LONDON (Reuters) – Europe is making major strides to eliminate barriers that have held back the region from developing tech firms that can compete on the scale of global giants Alphabet Inc’s Google, Amazon.com Inc or Tencent Holdings Inc, a report published on Thursday shows. An attendee interacts with an illuminated panel at Google stand […]

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AT&T and Time Warner Say Proposed Mega Merger Is ‘Pro-Consumer’

AT&T and Time Warner argued on Tuesday that their proposed $ 85.4 billion merger was “pro-competitive” and “pro-consumer,” as they sought to refute U.S. Justice Department allegations that the deal breaks antitrust law. In a joint court filing, the companies focused on rebutting government efforts to show that AT&T, which owns pay-TV provider DirecTV, would […]

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Blockchain network IOTA teams up with Cisco, Volkswagen, others on data marketplace

NEW YORK (Reuters) – IOTA, an open-source blockchain network, has teamed up with some of the biggest global corporate names led by Cisco Systems Inc, Volkswagen AG, and Samsung Group to launch what is aimed to be a secure marketplace for data, IOTA co-founder David Sønstebø said on Tuesday. FILE PHOTO – The logo of Cisco […]

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A 20 Year Study Reveals the Most Effective 'Thinking Style' at Work. How Do You Measure Up?

We can search the world over for the “next big thing” in business, but none of it matters if we don’t first look into the most important place: The heart. That’s where real success is nurtured. And that’s not just some feel-good, do-good statement. It’s good business, and I can prove it. Look around your […]

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BoE says banks may be underestimating fintech threat

LONDON (Reuters) – Britain’s banks may be overstating their ability to stop “fintech” firms stealing customers and eating into profits, the Bank of England (BoE) said on Tuesday. The Bank of England is seen through the columns of the Royal Exchange in the City of London, Britain, November 2, 2017. REUTERS/Toby Melville The BoE was […]

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Tesla: Management Is Paid To Burn Cash

“Odds are very high that I’ll go to my grave without ever having shorted a stock.”– Steer Clear of the Short Side – by Mohnish Pabrai Published by TheStreet.com on August 13, 2003 Prior to Tesla (TSLA), I attempted only one short position, and it wasn’t based on any fundamentals. Rather, it was based on […]

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Uber paid hackers $100,000, concealed data stolen from 57 million accounts

(Reuters) – Uber Technologies Inc paid hackers $100,000 to keep secret a massive breach last year that exposed the data of some 57 million accounts of the ride-service provider, the company said on Tuesday. Discovery of the company’s cover-up of the incident resulted in the firing of two employees who led Uber’s response to the […]

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Richard Branson Says He Has ‘No Recollection’ of Sexual Misconduct Alleged by Joss Stone’s Backup Singer

Virgin Group head Richard Branson has offered a soft-focus denial of allegations that he sexually harassed a backup singer for English singer-songwriter Joss Stone. In statements published by The Telegraph, Branson said he had “no recollection of the incident” described by singer Antonia Jenae. The allegations are suddenly in the headlines, but were initially aired […]

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Struggling Teva Announces Mass Layoffs

Teva CEO Kare Schultz The clock has been ticking on Teva (TEVA) ever since Mylan’s (MYL) generic Copaxone was approved last month. Copaxone represents over 45% of the company’s EBITDA and Teva needs to rapidly grow revenue or cut costs to compensate for the loss. New CEO Kare Schultz chose the latter, announcing layoffs of […]

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AT&T: Here Comes The Judge! (But What's An Investor To Do?)

Here Comes The Judge U.S. District Judge Richard Leon, the same federal judge who previously oversaw and signed off on the Comcast (CMCSA)/NBCUniversal deal, has been assigned to the U.S. Justice Department’s (DoJ) lawsuit to block the AT&T (T)/Time Warner (TWX) merger. As most readers are undoubtedly already aware, the DoJ filed suit, claiming that […]

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Canadian charged in Yahoo hacking case to plead guilty in U.S.

(Reuters) – A Canadian accused by the United States of helping Russian intelligence agents break into email accounts as part of a massive 2014 breach of Yahoo accounts is expected to plead guilty next week, according to court records. A photo illustration shows a Yahoo logo on a smartphone in front of a displayed cyber […]

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