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How aftermarket companies have kept fleets on the road through COVID-19 shutdowns, despite having to reconfigure their operations. ...
(Bloomberg) -- Microsoft Corp. President Brad Smith raised concerns to U.S. lawmakers about what the company regards as Apple Inc.’s anti-competitive behavior around its app store, according to a person familiar with the matter.Smith, who is also chief legal officer, was invited by the House of Representatives’s antitrust subcommittee to share his experiences around Microsoft’s own antitrust battle with the U.S. government in the late 1990s. During the conversation, which occurred weeks ago, he discussed the company’s issue with Apple, said the person, who asked not to be identified because the discussion was private.The House Judiciary Antitrust Subcommittee will hold a hearing with the CEOs of Apple, Amazon.com Inc., Facebook Inc. and Google-parent Alphabet Inc. on July 27. A Microsoft spokesperson declined to comment Monday.Smith said last month that regulators should examine app store rules, which he called a far higher barrier to fair competition than Microsoft’s Windows operating software when...
IBM has jettisoned some of its legacy business to focus on the high-margin cloud computing business, an area that has seen a lot of action in recent years as companies ramp up their digital shift to boost efficiency. Revenue from the cloud business, previously headed by Krishna, rose 30% to $6.3 billion in the second quarter....
The company said demand for video streaming and productivity products remained high as lockdowns introduced around the world to restrict the spread of the coronavirus resulted in an increase in the number of people working from home. The Swiss-U.S. maker of computer peripherals raised its sales outlook for the 2021 fiscal year to 10% to 13% growth from mid single-digit percentage gain in constant currency. The company also raised its annual outlook for non-GAAP operating profit in the range of $410 million to $425 million from $380 to $400 million....
The days when Nokia (NOK) handsets were all the rage are now a bygone era. The former market leader sold its phone business to Microsoft in 2014, and although today the Finnish tech company remains a major multinational telecommunications player, since the “glory years,” shares have been in decline.However, following the coronavirus infected bloodbath, shares have been on a rally, and are up by 81% since bottoming out on March 16. Worries the momentum could be short lived surfaced recently when rumors began circulating that Verizon was planning to replace the company as its 5G supplier - a rumor Verizon has since denied.In any case, Northland analyst Tim Savageaux believes the “degree of concern around NOKs prospects at VZ are overdone.”Aside from brushing off the Verizon related concerns, Savageaux thinks Nokia’s rally has plenty left yet. The analyst believes Nokia’s recent entry into the Data Center switch market presents a sound...
Last week’s news cycle was dominated by the Twitter (TWTR) hack. Accounts of well-known public figures – including those of ex-President Obama, billionaires Elon Musk and Jeff Bezos and various other high-profile names - were breached.It is not a good look for the micro-blogging platform, which will be hoping for a more positive slew of headlines after it reports Q2 earnings before market opens on Thursday, July 23.However, Wedbush analyst Michael Pachter is not convinced there will be an abundance of those. Although the analyst thinks “sequential audience growth could surprise positively,” Pachter’s expectations are dampened ahead of the quarterly statement.“While we believe some verticals (namely mobile gaming and ecommerce) have shown signs of moderation, and higher investment from DR advertisers could be offsetting some of the weakness associated with lower brand spending, we expect the overall dynamic in Q2 to reflect significantly weaker ad pricing, partially offset by continued robust...
Posted by OFX AUD - Australian Dollar The Australian dollar crept back above 0.70 US cents through trade on Monday, buoyed by an uptick in risk appetite. Investors chased risk assets higher following reports further COVID-19 vaccine trials showed promising results. AstraZenica, in partnership with Oxford University, released results of trials that … Continue reading "AUD fails to significantly extend upturn as risk sentiment begins to moderate"The post AUD fails to significantly extend upturn as risk sentiment begins to moderate appeared first on ....
