Articles about Wall Street

Downing Street road sign

Amazon sighs, may slip hands into trousers to pay some UK corp tax

The economy of Luxembourg is about to shrink by a few billion pounds, with Amazon bowing to UK pressure and announcing it'll book UK sales through its British branch. The Wall Street Journal reports the change began on May 1. The Guardian says Amazon is moving in response to the UK government's diverted profits tax, which slaps …
Tongue

Google research bods hope to LICK BATTERY life limits – report

Google has reportedly been attempting to develop batteries that last longer. The world's largest ad broker apparently has a small team of four people beavering away at lithium-ion technology and solid-state batteries in its Google X research lab. According to the Wall Street Journal, erstwhile Apple battery bod Dr Ramesh …
Kelly Fiveash, 12 Apr 2015
Man writing a letter

Welcome to the family ... Microsoft licks nib of Surface pen maker N-trig

Microsoft has scooped up Surface Pro 3 pen maker N-trig, after partnering with the outfit for several years. Rumours that Redmond had bought the PC and tab digi pen vendor first, er, surfaced in February. On Friday, Microsoft finally confirmed the buyout of N-trig, which makes the pen tech for the software giant's Surface Pro 3 …
Kelly Fiveash, 02 May 2015

Alibaba swings a large one with STONKING IPO legal bills

Alibaba's initial public offering legal bill has swelled to $15.8m. As noted by Reuters, that's six times the amount paid by Facebook ($2.6m) when it prepared to float onto Wall Street in May 2012. The Chinese e-commerce giant disclosed its big $15.8m payout to lawyers in a filing with the US Securities and Exchange Commission …
Kelly Fiveash, 06 Sep 2014

Hey, Michael Lewis: Stop DEMONISING Wall Street’s SUPERHUMAN high-speed trading

Yesterday's energetic debate on CNBC between BATS Global Markets president William O'Brien and Flash Boys author Michael Lewis and IEX's Brad Katsuyama put the cat among the pigeons over high-frequency trading. It was all provoked by Moneyball writer Lewis' new book, Flash Boys, which, among other things, makes the claim that …
Tim Worstall, 02 Apr 2014
EMC federation logo

EMC has nothing to say on VMware sale plan

EMC has reportedly refused to say whether or not it intends to sell a stake in VMware, after being reported as entertaining just such a sale. Confused? Here's how this is playing out. Back in July, activist investor Elliot Management picked up a stake in EMC. Someone then whispered in The Wall Street Journal's ear that Elliot …
Simon Sharwood, 12 Sep 2014

Google and Max Mosley settle thrash'n'tickle sex vid spat

Google has struck a private settlement deal with Max Mosley over images that show the ex-Formula One chief engaging in a sadomasochistic sex pantomime. However, videos and photos of the thrash'n'tickle sex sesh were still viewable via Google.co.uk's search engine, at time of writing. The Wall Street Journal reported on Friday …
Kelly Fiveash, 17 May 2015
Ship in trouble

Standard General bids to save RadioShack from oblivion

Historic retailer RadioShack, currently under Chapter 11 bankruptcy protection, will learn its fate today, as its assets go up for auction, although its options for survival look distinctly limited. A $145.5m bid from Standard General LP, a hedge fund which is also one of RadioShack’s lenders, could save 9,000 jobs and 1,723 out …
Simon Rockman, 23 Mar 2015
The Register breaking news

Adobe startles Wall St with Q4 sales climb

Just one month after Adobe confirmed it was axing around 7 per cent of its global workforce and backing away from its Flash Player software on mobile gadgets, the company has reported final quarter results that surprised Wall Street. It pulled in revenue of $1.1bn (£0.7bn) for the three months ended 2 December, up 14 per cent …
Kelly Fiveash, 16 Dec 2011
The Register breaking news

First the NYT, now the Wall Street Journal: But are hacking attacks from China new?

Analysis The Wall Street Journal is the latest media titan after the New York Times to admit it was raided by Chinese hackers. The WSJ confessed on Thursday a day after the NYT similarly blamed intruders linked to China's military for a persistent four-month assault against its computer systems. The attack against the NYT used a …
John Leyden, 01 Feb 2013

Google hires engineers to run Android OS on virtual reality gear – report

Google has padded out a team of engineers to beaver away at an Android operating system to power virtual reality devices, it has been reported. According to the Wall Street Journal, the ad giant plans to follow its well-worn OS smartphone path, by releasing a VR version of its platform that will be freely available online. …
Kelly Fiveash, 07 Mar 2015
Photo by Mike Mozart

Comcast, Time Warner Cable in crunch talks with FCC, DoJ over $42bn mega-merger

The proposed merger of Comcast and Time Warner Cable (TWC) is on the rocks, it appears. Sources close to the two companies have told The Wall Street Journal that the US Department of Justice and the FCC are not happy with the proposed business gobble, and both want to hold face-to-face talks to discuss the ins and outs of the …
Shaun Nichols, 20 Apr 2015
Sundar Pichai

Google it onna Google phone onna GOOGLE NETWORK. MVNO plan imminent

Google could uncloak plans for a mobile network in the US today, possibly running on two networks, the Wall Street Journal is reporting. While a lot of the brouhaha over the plans – which were referenced in a presentation at Mobile World Congress in March – has been over the cost of data, perhaps the most interesting aspect is …
Simon Rockman, 22 Apr 2015
padlock

Yahoo! spaffs! out! plugin! to! bring! crypto! to! everyone's! email!

Yahoo! has shown off an OpenPGP-based end-to-end e-mail encryption it says will be offered as a plug-in by the end of the year. Its aim is to make PGP-based encryption more accessible to the everyday layperson. Described in this blog post by Purple Palace chief information security officer Alex Stamos, the mail encryption code …

Remember SeaMicro? Red-ink-soaked AMD dumps it overboard

Tattered AMD says it's done with its SeaMicro server division, following a grim quarter that saw the ailing chipmaker weather losses beyond the expectations of even the gloomiest of Wall Street analysts. In guidance issued alongside AMD's earnings report for the first quarter of its fiscal 2015, CFO Devinder Kumar said the …
Neil McAllister, 16 Apr 2015
Ouya

Android gaming platform Ouya is down to its last life

The low-cost Android gaming startup Ouya is on the brink of collapse and wants a buyer, fast. According to Fortune, the company tripped a debt covenant and hopes for expressions of interest by the end of April. Originally kick-started to the tune of US$8.6 million, the company caused buzz with its play-your-Android-games-on-TV …
Apple TV

Apple about to make Apple TV WAY LESS SUCKY - report

Apple TV users might be getting new channels, and Cupertino some more money, according to insiders in the firm. The Cupertino giant is in talks to put out a subscription television service with Fox, CBS and the Discovery Networks, The Wall Street Journal reports. Apple is currently part of a conglomerate that includes ABC, …
Shaun Nichols, 17 Mar 2015
Lego Godzilla

Intel's wristjob envy sparks reorg

Intel has signalled a refocussing of its R&D in an effort to really, truly make a difference in the wearables market. Chipzilla has told The Wall Street Journal that what was formerly its former New Devices Group will be remade as the “New Technology Group” and put under the leadership of senior veep Joshua Waldon. Walden …
Inside the Google Lab where surgeons prepare the human/dog experiment

Google plans ROBOTS to SLICE YOU OPEN AND CUT YOU UP

Google has signed a deal to collaborate with Johnson & Johnson subsidiary Ethicon to work on surgical robotics applications. The J&J statement says the two companies will “bring together capabilities, intellectual property and expertise” in building a robotic-assisted surgical platform, with the kind of supporting sentence that …
Apple iOS 7

Bloke squeezes Apple's boules, predicts millions of iPhone 6s, iWatches

Apple has enough sapphire glass within its grasp for two models of the iPhone 6, if one was to appear, as well as the semi-mythical iWatch, an independent analyst has claimed. Matt Margolis, of Wall Street Forensics, has scoped out GT Advanced Technologies, the firm tasked with operating Apple's sapphire factory in Mesa, Arizona …
Jasper Hamill, 16 Jun 2014
Two dollars

Altice to buy controlling stake in Suddenlink for NINE BEEELION dollars

Patrick Drahi's telecommunications firm Altice is set to make its first foray into the American telecommunications market after acquiring a controlling stake in Suddenlink for over $9bn. The Wall Street Journal first reported that Drahi was in "advanced talks" to capture Suddenlink Communications, one of the United States' ten …

Mellanox goes to Wall Street for cash

Updated InfiniBand and Ethernet networking chip and equipment maker Mellanox Technologies announced after the market closed in New York on Monday that it would be issuing up to 3 million shiny new shares to raise some cash for working capital and strategic investments. The offering, which has J.P. Morgan Securities, Credit Suisse …
arrow pointing up

Compellent basks in Wall Street's love

Shunned by Wall Street since making less profit than the street gods had been led to believe it would, Compellent roared back into favour yesterday after announcing it had made a boatload of money in its latest quarter. Compellent makes Storage Center disk and solid state drive arrays for small and medium enterprises. The arrays …
Chris Mellor, 28 Oct 2010
Photo by Mike Mozart

Comcast accused of torpedoing Hulu sale to rivals with weapon of mass transactions

Comcast allegedly talked its fellow Hulu investors out of selling the TV streaming upstart to DirecTV or AT&T by insisting it could steer the web biz to financial triumph. That's a serious accusation because Comcast had agreed with the FCC and US Department of Justice to keep its hands off the management of Hulu. In the end, …
Shaun Nichols, 22 Apr 2015
Tim Cook as Mr T

Apple drives itself round bend: PITIES THE FOOL who inks deal with carmakers – source

Hours after rumours surfaced suggesting that Apple was working on an "automotive product" with established carmakers – new gossip apparently reveals that Cupertino will go it alone with a self-driving electric vehicle. The Tim Cook-run firm is said to be discussing its plans with eggheads at car manufacturers, but purely – it …
Kelly Fiveash, 14 Feb 2015
Aibo

Do androids dream of herding electric sheep?

While technology has helped cats take over the world (in terms of video clips at least) it is now simultaneously contributing to the demise of a small, yet respected, section of their canine foes, namely sheepdogs. A number of shepherds are turning to drones as a more efficient way of shifting their flock. Michael Thomson from …
Kat Hall, 09 Apr 2015
Monty Python dead parrot sketch

Google-Twitter hookup rumours pushes up babble blog site's shares

+Comment Google is once again rumoured to be mulling over a potential takeover bid of micro-blabbing site Twitter. The latest speculative guff pushed shares in Twitter up nearly four per cent by the close of play on Tuesday as Wall Street appeared to respond favourably to the scuttlebutt. That rise in shares was the best performance the …
Kelly Fiveash, 08 Apr 2015
Google car

Google creeps up on another sector: Adds car insurance to Compare

Google has added car insurance to its "Google Compare" suite of products, which are "designed to help people make confident, more informed financial decisions." Insurance providers have been told by the Chocolate Factory that "people searching for car insurance on their phone or computer can find you along with an apples-to- …
Monty Python TV viewer

Apple threw its TV out the window after years of research: report

Apple spent ten years working on a television, but gave up last year after deciding it couldn't devise something that would crack the competitive market. So says The Wall Street Journal, which found folks familiar with the effort to explain that Cupertino tried to use tellies for video calls, to no avail. Does The Journal know …
Simon Sharwood, 19 May 2015
Parachutists and cloud image via Shutterstock

Rackspace's 'fanatical' army drops in on rival clouds

Rackspace is growing – just not fast enough for the Wall Street pack. Looks like it’s time to roll out the service troops to support rivals' clouds. The firm’s stock was gang-battered on Monday, kicked brutally down the stairs by 13 per cent after management announced revenue growth of 14 per cent to $480m. Not bad – but not …
Gavin Clarke, 12 May 2015
Pinterest iPad

What are your links worth to Pinterest? $11 BEEELLION!

Social link-sharing site Pinterest has taken in a new round of funding that gives the firm at a hefty US$11bn valuation. The company said in an SEC filing that it had already agreed to sell off $367,099,927 in equity and hopes to move another $210,816,979 (for a total of around $577.9m) in venture capitol investments. That sale …
Shaun Nichols, 17 Mar 2015
DJI Phantom 2 Drone

Sticks and stones may break my DRONES – but I'm worth $10bn, laughs China's 'copter giant

Chinese drone company DJI could become the world's most valuable unmanned aerial vehicle biz, following a round of fundraising said to place the manufacturer's worth at a cool $10bn (£6.7bn), according to reports. The Chinese maker of remote-controlled “quadcopters" is seeking to raise money from Silicon Valley venture firms …
Kat Hall, 15 Apr 2015
interview_suit_and_tie

So you wanna be a Wall Street techie? Or anyway, get paid a lot

For at least a couple of decades now, if you’ve been a technologist and wanted to get paid as highly as possible for your work, there’s been pretty much only one place to go: the financial industry. meeting_room_empty_chair Have a seat, chum... we'll be in shortly to pick up the questionnaire on the syntax of complicated and …
Dave Mandl, 19 Jun 2012

What are cellphone networks blabbing about you to the Feds? A US senator wants to know

US Senator Edward Markey (D-MA) wants America's mobile networks to reveal the types of customer information they share with Uncle Sam. The carriers publish "transparency" reports detailing how many demands for sensitive information they receive from the governments, and how many they comply with – but this is not enough for …
Shaun Nichols, 22 May 2015
DirecTV

FCC leaning towards approving AT&T/DirecTV gobble – report

The Federal Communications Commission is reportedly ready to approve US telecom giant AT&T's proposed $49bn acquisition of DirecTV, despite concerns voiced by Netflix and other online media outfits. The FCC is nearly finished with its review and will likely sign off on the deal, the Wall Street Journal reports, citing the fabled …
Shaun Nichols, 13 May 2015

NSA bulk phone records slurp to end when law lapses next month – report

Edward Snowden supporters were claiming victory for the privacy of millions of US citizens today, after the Obama administration seemingly decided not to seek a 90-day extension to allow g-men to collect bulk phone records. That surprise move, reported by the Guardian, came following the defeat of the USA Freedom Act in the …
Kelly Fiveash, 23 May 2015
Marc Benioff of Salesforce. Pic: Techcrunch

Salesforce boss: One day I'll run a $10bn... er, software biz?

Marc Benioff has accused the world’s largest business software maker and the industry’s biggest database firm of not cutting the mustard on Salesforce's cloudy home turf. Yet his sales fluffer is doing rather well as a – wait for it – software company. Benioff says it will hit $6bn in revenue in 12 months' time. From there, his …
Gavin Clarke, 26 Feb 2015
Beats Music The Sentence

Take a deep breath, Apple: Europe snaps on gloves for vigorous iTunes stream pat-down

Apple is once again in the headlights of oncoming government regulators, this time over its forthcoming iTunes music-streaming service. Reports from The New York Times and Wall Street Journal cite well-placed sources claiming the Cupertino idiot-tax operation is being scrutinized by the European Commission over its dealings with …
Shaun Nichols, 02 Apr 2015
Two upended shopping trolleys in an alleyway. Photo by Cyron, licensecd under CC 2.0

Google fastens buy buttons to paid mobile search results – report

Google is reportedly planning to imminently add "buy" buttons to its mobile search results in an apparent move to compete with online retail giants eBay and Amazon. According to the Wall Street Journal, which appeared to have been briefed by Google, the buttons will pop up on search result pages in a matter of weeks. The …
Kelly Fiveash, 16 May 2015
Snapchat logo

Yahoo close to investing $20m in disappearing chat app Snapchat

Yahoo! is close to a deal where it would invest $20m of its Alibaba pot in startup Snapchat, valuing the IM service at around $10bn, according to reports. The Wall Street Journal and the Financial Times said that familiar people had told them that Yahoo! had started negotiations with the idea of investing up to $50m, but that …

Apple 'hires' the 'A-Team' from car titans, they DO SAY: Let's modify the 'van'!

Apple has apparently shanghaied experts from the automotive industry for a super-secret project or two that no one really knows anything about. CEO Tim Cook and bling-master Sir Jony Ive have been meeting – and trying to hire – eggheads at Mercedes-Benz and other manufacturers to help develop an Apple "automotive product," it's …
Shaun Nichols, 14 Feb 2015
The Child Catcher

Google hatching YouTube Kiddie Vids – report

Google is about to enter the lucrative revenue stream of advertising to children, with the Chocolate Factory set to reportedly announce a YouTube app for kids. YouTube executive Malik Ducard will unveil YouTube Kids on Monday at the entertainment industry event Kidscreen Summit, according to The Wall Street Journal. A source …
Kat Hall, 20 Feb 2015
big droplets falling from rain cloud

Bank of America wants to shove its IT into an OpenCompute cloud. What could go wrong?

Selling hardware to the financial industry used to be a cash cow for big-name server makers, but they will be getting short shrift from Bank of America, which is shifting its IT into a white-box-powered, software-defined cloud. "I worry that some of the partners that we work closely with won't be able to make this journey," …
Iain Thomson, 07 Mar 2015

China tackles vital strippers-at-funeral problem

The Chinese Ministry of Culture has announced that the government will begin working with the police to clamp down on families hiring strippers for funerals in order to increase in size (dare we say 'arouse') mourner attendance figures. In a statement on Thursday, the ministry stiffs said they would be paying close attention to …

Google: What this planet needs is INTERNET FROM SPAAACE

Google is reportedly close to flinging $1bn at Elon Musk's SpaceX to bulk up investment in the private company's development of satellites for internet-based services. According to The Information, which cited several people familiar with the matter, a deal could be sealed soon. One source said that Google had agreed to value …
Kelly Fiveash, 20 Jan 2015
Uber launch party by https://www.flickr.com/photos/5chw4r7z/ CC2.0 sharelalike attribution https://creativecommons.org/licenses/by-sa/2.0/

Why does Uber keep its drivers' pay so low? Ex-CFO: 'Cos we can'

In an interview on Sunday's episode of Wall Street Week, Mike Novogratz, principal and director of investment firm Fortress Investments, who was speaking about corporate greed and income inequality, explained his thoughts with an anecdote about former Uber CFO Brent Callinicos. Callinicos, who had previously been a bean-counter …
The Register breaking news

Yahoo! wows Wall Street with revenue drop

Yahoo!'s revenues took another fall during the fourth quarter - that's the fifth tumble in a row - but they didn't fall quite as much as expected. The beleaguered web portal reported revenues of $1.73bn during Q4, a 4 per cent drop from a year ago. But that's up 10 per cent from Q3, and it beat the expectations of both the Wall …
Cade Metz, 27 Jan 2010
HP CEO Meg Whitman

HP seeks to sell chunk of China networking biz: Report

HP is reportedly on the lookout for an Asian suitor to buy a majority of the company's stake in its China-based H3C Technologies. According to the Wall Street Journal, citing people familiar with the matter, HP is in tentative talks with private equity outfits in the People's Republic. The apparent move comes after HP confirmed …
Team Register, 26 Oct 2014

Internet of ... cars? Auto infotainment systems boost Nvidia's Tegra biz

Another storming quarter for Nvidia saw the chipmaker surpass Wall Street's expectations for both revenue and earnings for the third quarter of its fiscal 2015. Nvidia posted revenues of $1.23bn for the three months ending on October 26, 2014, a 16 per cent increase over the same period a year ago and an 11 per cent increase …
Neil McAllister, 07 Nov 2014

Newly merged Chinese taxi-hailing app now valued at $9 BEEELLION

A coalition of US hedge funds, sovereign wealth funds, and the largest of China's technology companies have invested in a merger of the country's largest taxi-hailing apps, bringing the combined company's valuation up to almost $9bn. Didi Dache and Kuaidi Dache, China's leading taxi-hailing apps, announced their intention to …