Articles about Wall Street Journal

Apple Watch exec Bob Mansfield 'gets into secret Apple car'

A former senior executive at Apple has returned to the company to oversee its secretive but long-rumoured car project, according to reports. Bob Mansfield stepped back from Apple's executive team in 2013, despite earning $85.5m a year, but remained around Cupertino as an adviser on special projects, including the Apple Watch …

Yahoo! She said yes. Verizon confirms $4.8bn acquisition

Verizon has today confirmed it will splash out $4.83bn (£3.7bn) buying Yahoo, with the deal expected to close in the first financial quarter of next year. The telco was one of 40 suitors rumoured earlier this year to be interested, including Google parent Alphabet, Time and even Daily Mail parent DMG. Yahoo! has been on a …
Kat Hall, 25 Jul 2016
Softbank_structure

Brit chip biz ARM legs it to Softbank for $32bn

Updated British semiconductor designer ARM is about to be acquired by Japan's SoftBank. The New York Times reports the deal is imminent. The FT has put a value on the deal: US$32.4bn. That's a premium of about $10bn over ARM's market capitalisation. SoftBank is a sprawling company that operates a telco in its Japanese home but is …
Simon Sharwood, 18 Jul 2016

Kotkin on who made Trump and Brexit: Look in the mirror, it's you

Interview Two American writers have attempted to grapple with the rise of “populism” exemplified by Donald Trump and Brexit, with both starting (if not finishing) from the Left. Both Death of the Liberal Class by Chris Hedges and The New Class Conflict by Joel Kotkin both make uncomfortable reading for the complacent chatterati. Both …
Andrew Orlowski, 11 Jul 2016

Bad blood: US govt bans bio-test biz Theranos' CEO for two years

It's game over for controversial blood-testing company Theranos with the news that its CEO Elizabeth Holmes will be banned from owning or running a medical laboratory for two years. The decision by the Centers for Medicare & Medicaid Services (CMS) also shuts down the company's California testing lab (it has another in Arizona …
Kieren McCarthy, 08 Jul 2016

Mike Lynch's cybersec biz Darktrace hoovers up $65m in VC dosh

Darktrace, the machine-learning cybersec outfit backed by one-time Autonomy CEO Mike Lynch, has pulled in another $65m in VC funding. Lynch previously founded enterprise search firm Autonomy, which was sold to HP and ultimately cost that company $8.8bn in impairment and other charges. This led Patrick White, the head of start- …

Big Pharma's trying to kill us, says man with literally millions to lose

Despite having lost its biggest customer, being forced to invalidate thousands of test results, being placed under investigation by the US government for fraud, facing sanctions, having had a testing facility shut down, and having had its CEO's worth cut from $4.5bn to $0, "nothing's gone wrong with Theranos." At least that's …
Kieren McCarthy, 27 Jun 2016
Elon Musk

Musk's Tesla to buy Musk's SolarCity for US$2.8 billion

Tesla has made a US$2.8 billion offer for another Elon Musk-founded company, home photovoltaic specialist SolarCity. If the share-swap transaction goes ahead, it would (in Tesla's words) create “the world's only vertically integrated energy company offering end-to-end energy products to our customers”. That, the company says …
Tom Perkins

Silicon Valley granddad and HP boss-killer Tom Perkins dies aged 84

Obit Tom Perkins, seen by many as one of the grandfathers of Silicon Valley, has died at the age of 84 after a prolonged illness. Perkins was born in White Plains, New York, in 1932 and showed an early interest in technology, earning a BS in Electrical Engineering and Computer Science from MIT in 1953 and an MBA from Harvard four …
Iain Thomson, 10 Jun 2016

Verizon! to! bid! $3bn! for! Yahoo!'s assets!

Verizon has submitted a second-round bid to acquire Yahoo!'s core internet business, according to reports. The Wall Street Journal reported that the telco would offer $3bn in Yahoo!'s second bidding round, which closed earlier this morning. It is unlikely to be the final round of bidding, with Jerry and David's Guide to the …

Three Four top Cisco execs leave after being made 'advisors'

Updated Last week, a Cisco reorganisation switched three of its big names to advisory roles: this week, they've left the company. The individuals involved are Mario Mazzola, Prem Jain, Luca Cafiero, and Soni Jiandani were referred to as “MPLS” within the company (Cisco was an early contributor to the protocol of the same acronym). …

Belgian brewery lays 3.2km beer pipeline

Bruges brewery De Halve Maan (The Half Moon) is about to open the valves on a €4m beer pipeline designed to carry vital supplies the 3.2km from its city centre production facility to its bottling plant. The subterranean ale conduit was the brainchild of De Halve Maan's head honcho Xavier Vanneste, who wanted a solution to the …
Lester Haines, 06 Jun 2016
Yahoo! branded bus

Sky! Blue!, Oceans! Wet!, Yahoo! Overvalued!

Yahoo!'s planned sell-off of its core business may not end up bringing the cash return investors had hoped for. Citing sources familiar with the matter, The Wall Street Journal reports that Jerry and David's Guide to the World Wide Web is receiving bids of around $2-3bn on its core business, significantly less than the $4-8bn …
Shaun Nichols, 20 May 2016

Theranos bins two years of test results

The controversial blood-testing company Theranos has voided two years of results and issued tens of thousands of corrected reports, further undermining its credibility and raising serious questions over its future. The discarded results were run both on traditional testing machines and on Theranos' "revolutionary" Edison …
Kieren McCarthy, 19 May 2016
android logo

Google asks the public to name the forthcoming Android N operating system

Google I/O 2016 Google has been using its developers conference to show off forthcoming improvements in Android N and is taking the unusual move of asking the public to name it. Traditionally Android builds have been named after foodstuffs, like Jellybean or KitKat – the later picked not for marketing dollars but as an attempt to show how " …
Iain Thomson, 18 May 2016
Great Wall of China by https://www.flickr.com/photos/matt512/ cc 2.0 attribution generic https://creativecommons.org/licenses/by/2.0/

China's new rules may break the internet warns US government

The Chinese government could fragment the internet if it pursues new registration rules for online addresses, the US government has warned. The warning by assistant commerce secretary Larry Strickling and state department ambassador Daniel Sepulveda comes in response to a decision by the Chinese government in March to require …
Kieren McCarthy, 16 May 2016
You're fired dialog box

Theranos boots COO

Troubled blood-testing company Theranos has booted out its president and chief operating officer and added new board members in an effort to rebuild confidence. Sunny Balwani is "retiring" according to a blog post by the company, just a month after it was revealed federal regulators were considering banning Balwani and CEO …
Kieren McCarthy, 12 May 2016

Salesforce parks its planned IoT cloud on... shocker! AWS

In a major break from the past, Salesforce is turning to an outside supplier to run a portion of its cloud. The CRM-as-a-service provider has asked Amazon’s Web Services to deliver the plumbing for its latest planned service – an Internet of Things Cloud. Announced in September 2015 and due by the end of this year, Salesforce …
Gavin Clarke, 11 May 2016

EU set to bin €500 note

The European Central Bank (ECB) will likely agree today to stop production of the meaty €500 note, which has long been considered a handy tool for criminals wishing to do illicit transactions with cash wedges of manageable dimensions. According to the Wall Street Journal, the ECB's Governing Council will decide not to produce …
Lester Haines, 04 May 2016
management intelligence

Bio biz Theranos probed

Troubled blood-testing company Theranos has confirmed it is being investigated by the US Securities and Exchange Commission (SEC) and the US Attorney's Office over claims it misled investors and government officials. In a letter to its partners, the company said it felt obliged to provide information on ongoing investigations …
Kieren McCarthy, 19 Apr 2016
stack of newspapers view from the side

Yahoo! sale woes

The possible break-up and sale of Yahoo! is not going smoothly, according to numerous media reports. CEO Marissa Mayer is reportedly refusing to answer key questions about the financial performance of Tumblr, which she acquired for Yahoo! in 2013 for $1bn, and is persistently failing to meet with potential bidders. Other …
Kieren McCarthy, 15 Apr 2016
Daisywheel with Courier font

Theranos faces ban

Troubled blood-testing startup Theranos may lose one of its testing facilities and a functional management team following a damning report by federal health regulators. The Centers for Medicare and Medicaid Services has said it will revoke the company's license for its California lab and prevent its owners – Theranos CEO …
Kieren McCarthy, 14 Apr 2016
Marissa Meyer

Daily! Mail! eyes! up! Yahoo!'s news! arm!

The Daily Mail Group Trust (DMGT) confirmed on 11 April that is discussing a bid for Yahoo, one of a number of suitors to be eyeing up the troubled biz. In a statement the DMGT said: "Discussions are at a very early stage and that there is no certainty that any transaction will take place. We have no further comment at this …
Kat Hall, 11 Apr 2016

EU pushes probe up Google's ad alley

The European Union (EU) is pushing forward with its probe into Google/Alphabet's dominance of the online ad market, with the commissioner in charge suggesting formal charges are on the way. Margrethe Vestager spoke to The Wall Street Journal the day before getting on a plane to visit the US, and said her team was "advancing" …
Kieren McCarthy, 05 Apr 2016

Just how close are Obama and Google? You won’t believe the answer

An ethics watchdog thinks that the FTC may have misled Congress about how it protected Google, and highlights how the White House went into panic mode to limit the damage to the giant ad slinger over a newspaper report last year. Last March, Google learned that the Wall Street Journal was about to publish details of how the …
Andrew Orlowski, 04 Apr 2016
China

Sanctions-slapped Chinese telecoms vendor ZTE swaps execs

Chinese telecoms vendor ZTE is overhauling its management board just one month after the biz was slapped with sanctions by the US government over accusations it had violated trade rules in Iran. The company today confirmed it will meet this week to install a new team, following revelations in the Wall Street Journal over the …
Kat Hall, 04 Apr 2016

Yahoo! Starts! Sale! Process! To! Fend! Off! Starboard!

Yahoo! has been accused of getting serious about the contentious slow-motion train wreck that is its sale process. The Wall Street Journal reckons the recent threat by activist investor Starboard to sack the board of directors has had its intended effect. The Purple Palace has now set a bid deadline of April 11, for …

Oculus Rift review-gasm round-up: The QT on VR

The much-hyped virtual reality headset Oculus Rift is finally shipping to its first customers this week, and the Facebook-owned company dished out a few of them ahead of time to select publications. The embargo lifted Monday morning and we have waded through tens of thousands of words contained in nine reviews so you don't …
Kieren McCarthy, 29 Mar 2016
Google Cloud logo

Google reveals rapid cloud expansion

Google has decided to play catch-up with Amazon Web Services (AWS), announcing that it's going to add 12 regions to its cloud services by the end of 2017. The rollout will start with a Western US region hosted in Oregon, and an East Asia region to be built in Tokyo. Each of these regions will have multiple availability zones, …

Obama bigs up His Man in Havana: Google

President Obama has promised to bring internet access to Cuba – by pre-announcing a deal best-pal Google has struck with the island. On the first day of an historic trip – the last US president to visit the nearby state of Cuba was Calvin Coolidge in 1928 – Obama flagged up the Wi-Fi and broadband deal, seemingly catching the …
Kieren McCarthy, 21 Mar 2016

Feds raid 'extortionist' IT security biz Tiversa, CEO put on leave

The CEO of a controversial cybersecurity outfit has been put on leave following an FBI raid of its headquarters. Federal agents raided Tiversa's Pittsburgh office earlier this month looking for evidence in a long-running investigation of its business practices. Soon after the raid, CEO Robert Boback was placed on leave and …
Kieren McCarthy, 18 Mar 2016

New-economy poster child LivingSocial slashes staff amid another startup collapse

In a sign that the long-anticipated tech shakeout has begun in earnest, poster child for the new economy LivingSocial has announced it is slashing its workforce in half. At the same time, yet another food-delivery startup, SpoonRocket, has closed its doors and sold itself to competitor Sprig. The result, according to a Wall …
Kieren McCarthy, 16 Mar 2016
Mammatus clouds by Craig Linsday, CC 3.0 licence

AWS's grand plan: It'll slurp your databases, spit them into its cloud

Amazon is to launch its AWS Database Migration Service today, in a bid to slurp big enterprises into the cloud by making it easier to ditch their legacy systems, according to reports. Since the beginning of the year, more than 1,000 databases from “many hundreds” of companies have used an early version of its migration service …
Kat Hall, 15 Mar 2016

Rocky times for startups: Mutual funds devalue and VCs turn off money hose

Silicon Valley startups are facing a tough quarter as funders wait to see if a tech crash is on its way. Tech stocks have taken a battering this year, doing far worse than the overall market, and there have been numerous signs that the ludicrous over-valuations of tech companies – especially the so-called "unicorns" – are …
Kieren McCarthy, 11 Mar 2016
Apple logo on glass fronted building. Licensed under cc0 / editorial use only

Mall owner lays blame at Apple's door for dragging down sales

One of the US’s major mall operators blamed Apple for dragging down the performance of its high end properties, potentially compounding the discomfort for the i company. Last month Apple reported results that were - for the tech juggernaut - slightly lacklustre, precipitating a share slide that made it the former most valuable …
Joe Fay, 04 Feb 2016

International Trade Commission pens patent love letter to Cisco

The International Trade Commission has handed Cisco another gun to fire at antagonist Arista, finding that the latter violated three Cisco software patents. The patents in question cover router management (US 7,162,537), and private VLANs (US 6,741,592 and 7,200,145). Since Cisco reckons Arista's in violation of twelve …

Billion-dollar blood-test unicorn biz Theranos 'putting lives at risk'

Controversial blood-testing upstart Theranos has been told to take immediate action at one of its testing facilities – or lose its certification. A letter [PDF] sent from federal health inspectors the company said the company's California testing facility presented "immediate jeopardy to patient safety". Its hematology lab, …
Kieren McCarthy, 27 Jan 2016
Twitter for Mac New

Twitter boss ‘personally’ grateful as five Twitter execs walk

Jack Dorsey waved goodbye to five senior Twitter execs over the weekend, and didn’t disappoint avid company-watchers when he issued yet another memo worthy of Oscar Wilde. Engineering boss Alex Roetter, HR chief Skip Schipper, media head Katie Stanton and product head Kevin Weil have “all chosen to leave the company”, Dorsey …
Joe Fay, 25 Jan 2016
Funnel of cash. Credit: via SXC – http://www.sxc.hu/profile/Leonardini

Qualcomm, TDK in US$3 billion joint venture to bake radio chipsets

Qualcomm is going to sling around US$1.2 billion into a joint venture with TDK to build radio chipsets. According to Bloomberg and Reuters, the new outfit will be called RF360. TDK's contribution to the roughly $3 billion business will be patents, manufacturing assets and design capabilities. The operation will be based in …
casino_security_648

As easy as 'Citrix123' – hacker claims he popped Citrix's CMS

A Russian hacker claims he broke into systems run by Citrix, and gained access to potentially a huge number of customers. The binary buster known as "W0rm" exploited weak credentials – the username press@citrix.com and the password Citrix123 – to get into the content management system that powers Citrix's websites. W0rm …
Team Register, 13 Jan 2016
America

NSA spying on US and Israeli politicians stirs Congress from Christmas slumbers

After two years of doing little about the mass surveillance revealed by Edward Snowden, the US Congress has sprung into action in less than two days – with investigations into the NSA spying on some the legislature's members. On Tuesday the Wall Street Journal reported that conversations between members of Congress and senior …
Iain Thomson, 31 Dec 2015

Cat fight: Watch out YouTube, here comes Facebook

I may not be the best person to write this. I am, after all, a YouTube refugee. Or renegade. Or reject. Roughly eight years ago YouTube booted me for posting a 20-second video I took at an Arsenal soccer match. While I have apparently been granted a recent pardon (I can upload again!), my criminal status has kept me from using …
Matt Asay, 30 Dec 2015

YouTube puts T-Mobile US on naughty list for throttling all vids to 480p

YouTube has waded into the row over T-Mobile US's Binge On service. Binge On launched in November, and lets people watch unlimited amounts of video from Netflix, Hulu and other selected providers: the streams do not count against subscribers' monthly download caps. There is a catch, though. These toll-free videos are streamed …
Kieren McCarthy, 23 Dec 2015

Iranian hackers targeted New York dam, had a quick nosy around

Iranian hackers penetrated the online control system of a New York dam in 2013, according to reports, and poked around inside the system. The Wall Street Journal reported that hackers gained access to the dam through a cellular modem, according to an unclassified Homeland Security summary of the case. Two sources said the …
Kat Hall, 21 Dec 2015

I can turn Yahoo! around claims hedge fund manager

An "activist investor" has sent a 99-page hate letter to Yahoo! CEO Marissa Mayer arguing for her ousting and outlining a range of changes that would boost the troubled company's share price by $30 a share. Despite five CEOs over ten years having tried and failed to turn the one-time online giant Yahoo! around, the head of New …
Kieren McCarthy, 14 Dec 2015

Chinese cyber chief plays down censorship concerns

The head of the China's Cyberspace Administration has again been playing down censorship concerns ahead of a global internet governance meeting in the country. At a press conference about the second annual World Internet Conference in Wuzhen, Lu Wei faced questions about the country's extensive filtering and censoring of the …
Kieren McCarthy, 09 Dec 2015

Spotify mulls Swift change of policy – we can stream Taylor, but we'll charge

Spotify has reportedly been considering a major policy change to its music-streaming service, by allowing big name artists to release albums on the platform only to paying customers. It comes after Spotify's chief Daniel Ek very publicly dissed pop star Taylor Swift late last year, after she pulled her catalogue from the …
Kelly Fiveash, 09 Dec 2015
Sleeper

Airbnb confirms it raised $1.5bn in spite of regulatory worries

Airbnb has confirmed it has raised a mega $1.5bn (£1bn) in funding, according to a filing the company placed with the US Securities and Exchange Commission. Back in July, The Wall Street Journal reported the funding round would value the company at $24bn (£15bn), meaning it will soon be worth more than actual hotel chain …
Kat Hall, 08 Dec 2015

Google says it tried to preempt EU antitrust probe. That worked well

Google has said it took measures to preempt the lengthy antitrust probes currently being carried out by the European Commission. Oddly, that approach failed. Speaking at the EU's Internal Market sub-committee, Adam Cohen, head of competition and economy policy for EMEA at Google, said the search firm made a decision to preempt …
Kat Hall, 25 Nov 2015
Injection image via shutterstock

NoSQL: Injection vaccination for a new generation

We are becoming more and more accustomed to reading about losses of online data through malicious hack attacks, accidents, and downright carelessness – it’s almost as if we don’t know how to secure data against the most common forms of attack. Of course, that isn’t really true as best practice, legislation, and education on …
Andrew Cobley, 13 Nov 2015