Articles about Finance

NHM VR Experience audience

Microsoft boffins think VR visions will rival drugs by 2027

Search as people presently know it – a dialog box for typed queries – will vanish in a decade, according to Susan Dumais, distinguished scientist and deputy managing director of Microsoft Research Lab. Dumais is one of 17 Microsoft researchers who, in a blog post on Monday, offered predictions about technology developments we …
Thomas Claburn, 06 Dec 2016
Bob and Doug McKenzie of Canada

Canada asks citizens: How would you like us to spy on you?

The Canadian government is asking citizens to weigh in on its plans for digital surveillance programs. A government-hosted page called Investigative Capabilities in a Digital World seeks input from residents on matters such as intercepting communications, forcing data decryption, and requiring service providers in Canada to …
Shaun Nichols, 05 Dec 2016
Phiip Hammond, photo via Shutterstock

What's in Hammond's box? Autumn fallout for Britain's tech SMBs

The Government in its Autumn statement promised to invest £1bn on "digital infrastructure", an extra £2bn annually on UK R&D, and at least £400m on new venture capital funds through the British Business Bank, which it hopes will unlock a further £1bn in private finance for growing firms. The National Productivity Investment …
Marcus Gibson, 05 Dec 2016

R3 four flew: What's driving banks to flee blockchain consortium?

Analysis The value of distributed ledgers and blockchain tech to the financial sector has again come under the spotlight following the departure of several entities from prominent blockchain consortium R3: namely Goldman Sachs, Santander, Morgan Stanley and the National Australian Bank. All four left the consortium this month, and with …

Super Cali goes ballistic, considers taxing Netflix

More than 40 cities in California are considering a tax on streaming services – dubbed a Netflix tax – claiming that the tax system needs updating for the internet era. The news comes as AT&T announces a new streaming service, DirectTV Now, which the company hopes will see people discard their cable boxes altogether for over …
Kieren McCarthy, 28 Nov 2016
Datacenter, photo via Shutterstock

There's gold in them thar hills! Rackspace latest firm to join Frankfurt data centre rush

Rackspace has chosen Germany as home for its first data centre in mainland Europe. The managed cloud provider, which is to become an AWS and Microsoft Azure support partner, will jointly build and open a centre in Frankfurt next year. Rackspace is the latest to set up shop in Frankfurt, Germany's centre for finance and fifth …
Gavin Clarke, 24 Nov 2016
Philip Hammond photo by Inna Sokolovska via Shutterstock

Fibre pushers get UK budget tax reprieve

Businesses rolling out pure fibre in the UK are to be exempt from paying land rates over the next five years, Chancellor Philip Hammond's announced in a reprieve to providers in his Autumn Statement today. Broadband providers previously hit out against a forthcoming hike in business rates that will dramatically increase the …
Kat Hall, 23 Nov 2016

Talend CEO: Profit? We're a few years off... But we're cash-flow positive

Interview Founded in France in 2005, Talend made its initial public offering on the NASDAQ in July, listing as a French company although it's now headquartered in Redwood City, south of San Francisco. It was only the fifth technology IPO of the year, raising questions as to how fruitful the listing might be. But Talend raised $94m, and …
50 of your British pounds. Photo by Shutterstock

UK.gov flings £400m at gold standard, ‘full-fibre' b*&%*%£$%. Yep. Broadband

The government is to release £400m towards full-fibre broadband in its Autumn Statement tomorrow, part of its Digital Infrastructure Investment Fund. The cash is to be matched by private finance, and will amount to a total cash pot of £800m. In a press release the government described it as "gold standard ‘full-fibre’ …
Kat Hall, 22 Nov 2016
Selection of Australian banknotes

Australian government never asked nbn™ to apply for private loans

When nbn™, the entity building and operating Australia's national broadband network (NBN), announced it had secured a loan for AU$19.5bn from Australia's government, it looked like the network-builder had failed to convince lenders it was a decent customer. The reality is a little different: minister for Finance Mathias …
Simon Sharwood, 22 Nov 2016

Symantec doubles down on consumer security by buying LifeLock

Symantec has bought identity theft protection firm LifeLock for $2.3bn. The deal, announced Sunday, represents a brave bid by Symantec to shore up a consumer security business eroded by dwindling anti-virus sales. Selling Norton consumer security alongside identity protection and remediation services from LifeLock will enable …
John Leyden, 21 Nov 2016
An upset woman with an empty wallet

Customer data security is our highest priori- ha ha ha whatever, suckers

Something for the Weekend, Sir? I would like it to be known that mine is bigger than yours. And yours is bigger than everyone else's. Only losers waste their time with small. We do big. The IT industry is notably keen on letting us know that everything they do is big, especially when it comes to data security breaches. Cyber-attacks on individuals are never …
Alistair Dabbs, 18 Nov 2016
NBN CEO Bill Morrow

Australian government lends nbn™ AU$19.5bn to finish the job

nbn™, the entity building and operating Australia's National Broadband Network, has secured a AU$19.5bn loan from Australia's government and will use it to complete project. “nbn™has been advised the government will loan the remaining $19.5 billion required for the total $49 billion base case peak funding forecast,” said CEO …
Simon Sharwood, 18 Nov 2016

Ireland to fight against billing Apple for back-taxes

The Republic of Ireland has signalled its intention to push back against the European Union (EU) over accusations that it's offering a tax haven to Apple. In August, the EU decided Apple had received €13 billion in “illegal state aid” in the form of the tax breaks. When the investigation ended, competition commissioner …

Celeb-backed music TV phallus Electric Jukebox finally ready for launch

Over a year after it was first announced, the UK music startup described as "the most ridiculous digital music launch in history" will finally be available to punters tomorrow. Electric Jukebox bundles music with a £169 remote control and a dongle, so you can play tunes on your TV. After that, it's £52 a year, and the company …
Andrew Orlowski, 08 Nov 2016
Image by Mark Bennetts http://www.shutterstock.com/gallery-2389319p1.html

Add it to the tab: ICO fines another spammer as unpaid bills mount

London-based finance company Nouveau Finance been fined £70,000 (US$85,752, A$112,391) for hiring a spamming marketing company that sent UK residents some 2.2 million illegal SMS messages. 92 battered Britons complained to the Information Commissioner's Office (ICO) which handed down the fine on Monday. The loan broker, based …
Darren Pauli, 08 Nov 2016
China cybersecurity

China passes new Cybersecurity Law – you have seven months to comply if you wanna do biz in Middle Kingdom

On Monday, the Chinese government officially passed its 2016 Cybersecurity Law. From June 2017, all companies doing business in the Middle Kingdom will have to obey the new rules. The legislation, approved by the National People's Congress, takes away the last vestiges of anonymity for China's 710 million internet users, and …
Iain Thomson, 07 Nov 2016
Ransomware, photo via Shutterstock

World-leading heart hospital 'very, very lucky' to dodge ransomware hit

World-leading Papworth Hospital has escaped a full-on zero-day crypto ransomware attack thanks to the "very, very lucky" timing of its daily backup. It's believed that an on-duty nurse at the heart and lung hospital in Cambridgeshire, UK, unwittingly clicked on something in an infected email, activating the attack at about …
SA Mathieson, 04 Nov 2016

Gawker settles with Hogan

The long-running legal fight between the now-defunct Gawker Media and Terry Gene Bollea, aka Hulk Hogan, has been settled at last. The organization has agreed to pay Bollea $31m to settle all claims relating to the publication of a tape of the former professional wrestler having sex with a friend's wife. In May, a court …
Iain Thomson, 02 Nov 2016
UK pound crashes after Brexit

ESMA urges companies to disclose potential Brexit impact

Listed companies should disclose the potential impact of Brexit in their financial statements, the European Securities and Markets Authority (ESMA) has said. In its annual statement on European common enforcement priorities, which identifies enforcement priorities for listed companies’ financial statements, ESMA "urges issuers …
OUT-LAW.COM, 02 Nov 2016
'The cake is a lie'

Quest celebrates first day of independence from Dell with layoffs

Exclusive Quest, the newly liberated Dell software division, rang in its first day as a standalone company by announcing a restructuring that included significant layoffs. The Register has now heard from multiple sources that Quest has pink-slipped employees, with top management staff shown the door and deep cuts made to marketing and …
Shaun Nichols, 01 Nov 2016

Cynical Apple gouges UK with 20 per cent price hike

Apple has taken advantage of a more competitive sterling exchange rate to hike its computer prices – by far more than sterling fell. Cupertino raised some UK prices by as much as £500. Apple had already raised the prices of its iPhone, iPad and Apple Watch products. Sterling has fallen some 15 per cent from its 1H 2016 …
Andrew Orlowski, 28 Oct 2016
Cartoon - Private SNAFU

First World Problems: John Lewis clients forced to re-register after website 'upgrade'

Customers of John Lewis Financial Services in the UK are still being forced to re-register for the service after a "recent website upgrade" accidentally downgraded the service. John Lewis Finance tried to migrate its online platform a fortnight ago, but is still experiencing "teething issues" leaving customers fearing they had …
Robot as person illustration via Shutterstock

Bloody robots! 860k public sector jobs to be automated by 2030, say researchers

Once upon a time a public sector job was a golden ticket: little actual work, less accountability, and a job for life. Not any longer. According to research by Deloitte, building on its previous work with the University of Oxford about job automation, up to 861,000 public sector jobs could be automated by 2030. In just over a …
Man throws briefcase in the air happily on the beach. Photo by Shutterstock

Hewlett Packard Enterprise gives UK boss control of Ireland

After three decades at or near the top of HPE’s Irish ops - latterly the standalone Enterprise organisation - Martin Murphy is to leave the business by the end of February, El Reg can confirm. In a memo to staff, recently installed UK and Ireland managing director Marc Waters, said Murphy had “decided to leave HPE at the end …
Paul Kunert, 21 Oct 2016
Burning money, photo via Shutterstock

Verizon: Data center sale going nicely. Yahoo! bid? Not so much

US telecom giant Verizon says it has formally begun talks with Yahoo! on adjusting the terms of their merger. Speaking to analysts during the company's fiscal Q3 2016 earnings call, CFO Fran Shammo said that Verizon's lawyers had their first meeting with Yahoo! brass yesterday to discuss the breach of a half billion Yahoo! …
Shaun Nichols, 20 Oct 2016
Photo by Christoph Dernbach

Yahoo! hides! from! financial! analysts! amid! email! hacking!, privacy! storm!

Yahoo! had little to say on its looming tie-up with Verizon, as the Purple Palace turned in quarterly numbers that managed to beat analyst expectations. Speaking only briefly on the recent comments from Verizon about adjusting the $4.8bn acquisition deal in the wake of security and privacy problems, Yahoo! CEO Marissa Mayer …
Shaun Nichols, 18 Oct 2016
League of gentlemen poster - Tubbs and Edward at the local shop. Copyright BBC

British jobs for British people: UK tech rejects PM May’s nativist hiring agenda

Comment “If you believe you’re a citizen of the world, you’re a citizen of nowhere. You don’t understand what the very word ‘citizenship’ means." So British Prime Minister Theresa May told her party’s conference last week. Home secretary Amber Rudd laid out plans at the conference to make it harder for British employers to hire …
Gavin Clarke, 13 Oct 2016
Mist and condensation, image via Shutterstock

Big Mickey Dell is wrong: Cloud ain't going to eat all of IT

Storage architect Public cloud will not consume all of IT. At least that’s what Michael Dell is claiming. In his opinion, cloud will become just another form of computing and a choice will be made by users to do cloud on-premises or rent from a cloud provider. Bearing in mind Dell is in the hardware business, we can hardly expect a comment …
Chris Evans, 12 Oct 2016
Ireland map, photo via Shutterstock

Ireland reaps benefits of Apple's tax schemes, even without EU bounty

Even without the €13bn tax bill which Ireland was told collect from Apple, the nation's arrangements with Cupertino is driving tax revenue and spending increases in its budget for 2017. The Irish government has this week put forward its budget for the next year, including an extra €1.3bn package of spending increases and tax …
Data_image_via_Shutterstock

Understand your data and make good decisions

Promo Data, data everywhere and not an insight in sight. Tableau, the business intelligence and analytics software firm, is on a mission to help you see and understand your data and enable you to make informed, fast decisions. Tableau uses its own software everyday throughout the business and wants to show you how it does this in " …
David Gordon, 11 Oct 2016

It's executive whack-a-mole at Big Data replicator WANdisco

Sacked WANdisco CEO Dave Richards is back in post just seven working days after being ousted; the chairman of the board has now resigned along with another director, and also Erik Miller, the recently-appointed CFO. On September 29 CEO Dave Richards was fired at a breakfast meeting by non-exec chairman Paul Walker at London’s …
Chris Mellor, 07 Oct 2016
Parachutists and cloud image via Shutterstock

Trust the cloud, we’re getting the hang of securing it, says Unisys security chief

IPExpo Everyone’s starting to believe in public cloud but security remains an uphill battle, Unisys’ chief trust officer Tom Patterson told The Register this morning. “There are no four walls any more,” he said, sipping a cappuccino in London’s ExCel conference centre and referring to the traditional security model where threats were …
Gareth Corfield, 06 Oct 2016

How does a hybrid infrastructure fit my accreditations?

Security-related certifications such as ISO 27001 and, more particularly, the Payment Card Industry Data Security Standard (PCI-DSS), have stringent requirements regarding the controls on infrastructure, how data is routed and stored around it, and so on. Particularly in the cloud components of a hybrid setup, the control you …
Dave Cartwright, 06 Oct 2016
Live news illustration with microphones and cameras

Disaster biz inhales $51m

End-point data protector, file-sharing and disaster recovery startup Druva has gained $51m in E-round funding. This takes total funding to a heady $118m. Cash raising was led by Sequoia Capital India, with new investor Singapore Economic Development Board (EDBI), the Singapore government agency for market development. Other …
Chris Mellor, 29 Sep 2016
Value pack of two tins of Spam

Brit loan firm gets comeuppance for 7.7 million spam texts

The UK Information Commissioner’s Office (ICO) has fined a financial firm £130,000 after it sent out over seven million spam texts flogging credit cards. Manchester-based Intelligent Lending, trading as Ocean Finance, has also received an enforcement notice forcing it to stop sending out the spam, after it had sent out 7.7 …
Destry_rides_again_DO_NOT_USE

Violin hunts for elusive key to regrowth

Analysis The elusive hunt for renewal and regrowth at Violin Memory has moved into a new phase – with a product launch holding up sales, sales leadership change, and the CEO focusing on finding funding for the future. Violin has cleverly managed to avoid falling off a cliff despite falling sales revenues and investor despair. It …
Chris Mellor, 26 Sep 2016
Toilet

Smelly toilets, smokers and the Kardashians. Virgin Media staff grill top brass

Smelly toilets, smoking outside and questions as to who is the best Kardashian: these were just some of the issues Virgin Media top brass were grilled on in a Q&A session with staff seen by The Register. Many of Virgin Media's staff are worried about their future following its mega merger with US biz Liberty Global - as …
Kat Hall, 24 Sep 2016
wargames

Uni student cuffed for 'hacking professor's PC to change his grades'

A student at Kennesaw State University in Georgia is accused of hacking into his professor's computer to improve his grades. Chase Arthur Hughes, 19, was arrested and charged this week after allegedly raiding the university's computers in May. The teen made a number of alterations to his grades, and those of his friends, for …
Iain Thomson, 23 Sep 2016
Soaring costs in San Fran. from www.shutterstock.com

Behold the fruit of your techie utopia: A $43 San Francisco fog-infused martini

With the cost of living in San Francisco soaring higher than ever, some people are stepping forward to find innovative solutions to create affordable housing and assistance programs that would preserve the diversity, culture, and giving spirit that has made San Francisco a world-class city. And then there are the assholes who …
Shaun Nichols, 22 Sep 2016
Flash Gordon Emperor Ming the Merciless

How would you sell an all-flash array to your finance director?

We have been getting some good responses in our latest poll on all-flash storage. I don't think we are giving too much away when we say that many of you see the attraction, but you also have some reservations and want vendors to step up with more guarantees of one kind or another. We are also hearing that the "internal sell" …
Matt Proud, 21 Sep 2016
Raining money

A-dough-be: Photoshop flinger pumps profits 50 per cent

Adobe is crediting the success of its cloud and digital media groups in reporting record quarterly revenues. The Creative Cloud maker says that its Q3 2016 period (ended September 2) saw a number of units reach new highs: Revenues of $1.46bn were up 20 per cent over the year-ago quarter. Net income of $270m was a 55 per …
Shaun Nichols, 20 Sep 2016
Profits down, image via Shutterstock

IDC: Those servers numbers just keep on tumbling

The latest server sales figures for Europe, Middle East and Africa show the continued march of no name server makers as enterprises and big data centres increasingly buy hardware directly from ODMs fron the Far East. IDC numbers showed revenues down 3.7 per cent to $3bn despite a modest 0.8 per cent increase in the number of …
Paul Kunert, 20 Sep 2016
Stock traders

Nutanix's $209m, $13-a-share IPO revealed in homework to watchdog

Hyperconverged upstart Nutanix has submitted more details about its forthcoming IPO to the US financial watchdog, the Securities and Exchange Commission (SEC). The San Jose-based biz will seek to raise up to $209,300,000 in the offering by selling 14,000,000 shares of Class A voting stock at a starting price of $11 to $13. An …
Shaun Nichols, 19 Sep 2016

Tech Data to slurp Avnet TS for $2.6 BEEELLLION

Tech Data is to buy Avnet Technology Solutions for $2.6bn in a deal that, when completed, will create the chunkiest enterprise IT distie on the planet. Under the terms of the transaction, Tech Data will stump up $2.4bn in cash and 2.785 million of its shares (roughly seven per cent of the ownership position), the US companies …
Paul Kunert, 19 Sep 2016
Oracle's cloud plan

Spoiler alert: What Oracle is going to announce today

OpenWorld It's that time of the year again. Oracle's OpenWorld is in San Francisco. Supremo Larry Ellison has given his Sunday keynote. Here's a summary of what the database giant is going to reveal today in easily digestible chunks. And, yeah, warning: everything is now cloud. Anything you'd call an application or a software service is …
Chris Williams, 19 Sep 2016
Man shouting the news from a rolled up newspaper

Spam texters fined £30K

Manchester firm Carfinance247 has been fined £30K over a spam text campaign. The car finance brokerage firm’s noxious text messaging tactics generated 912 complaints to the ICO, the UK’s data privacy watchdog. The firm’s four-month marketing campaign involved the distribution of 65,000 messages to people who hadn’t first …
John Leyden, 15 Sep 2016
Swiss army knife in cloud

Hyper-converged hyper-contender ZeroStack starts connecting clouds

HyperConverged HyperContender ZeroStack has started connecting public clouds to its on-premises kit. ZeroStack promises the usual “Our beautiful GUI and cunning plumbing means that if you turn on our boxes and go make a cup of coffee there's be VMs running before the cappuccino foam falls” experience. The likes of VMware, VCE …
Simon Sharwood, 14 Sep 2016

Post-Brexit UK.gov must keep EU scientists coming, say boffins

Attracting and retaining EU talent remains a top concern for UK science following Brexit, according to today’s House of Lords Select Committee meeting about EU membership and UK science. David Phoenix, vice-chancellor and chief executive of London South Bank University, Patrick Vallance, president of pharmaceuticals R&D at …
Katyanna Quach, 13 Sep 2016
Cool guy with shades on. Photo by shutterstock

'We already do that, we’re just OG* enough to not call it DevOps'

At this point in the innovation curve for something like DevOps it’s fashionable to start asking “Where's the Return On Investment?” Answering that question is always tedious. For the hopeful, starry-eyed practitioner, spitting up the ROI figures is akin to the irrelevant water-carrying and wood-chopping trials imposed by a …
Michael Coté, 13 Sep 2016