Articles about Wall Street

Policy tsarina Rachel 'baby GIF' Whetstone dumps Google for Uber

Google’s comms and policy chief Rachel Whetstone is leaving the company, just weeks after a bizarre, GIF-laden blog post – and her former team has had its wings clipped. Whetstone has been at Google for a decade and was its US policy chief for seven years. In a sign that Google needs to look more grown up, Whetstone’s team will …
Andrew Orlowski, 14 May 2015
Glorious future of China

Russia and China seal cyber non-hack pact

Russia and China have promised to play nicely and not hack each other. The two countries also agreed to jointly counteract technology that may "destabilise the internal political and socio-economic atmosphere", "disturb public order" or "interfere with the internal affairs of the state", the Wall Street Journal reports. The …
John Leyden, 11 May 2015
Sleeper

Airbnb beats actual posh hotel chain with stupidly large valuation

Airbnb is shortly expected to unveil a valuation of $24bn (£15bn), meaning it will soon be worth more than actual hotel chain Marriott, according to reports. This month, Airbnb expects to close a $1bn (£628m) funding round at a $24bn valuation, "people familiar with the matter" have whispered to the Wall Street Journal. In …
Kat Hall, 18 Jun 2015
Michael Hayden

'No evidence' Snowden was working for foreign power says ex-NSA boss

Former National Security Agency director Michael Hayden this week told a conference about how little fallout the NSA has suffered after the Snowden leaks, and detailed how his former agency would hack other governments. He said to his audience at the Wall Street Journal's chief financial officer conference: If somebody would …
Iain Thomson, 18 Jun 2015
4 arrows signs in arrow on wooden wall

Micron blames dismal PC sales for EVERYTHING

Memory firm Micron's third fiscal 2015 quarter results were pretty poor - and the chief exec blames the slumping PC market. Revenues of $3.85bn were three per cent down on a year ago and eight per cent down sequentially. Net income of $491m compared poorly to the $806m reported a year ago and the $934m in the previous quarter. …
Chris Mellor, 26 Jun 2015
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

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
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
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
Ciscoblood

Chuck chucks Cisco's China C-suite

Incoming Borg boss Chuck Robbins has sliced a bunch of executives from Cisco's operations in China, in a response to the territory's ongoing weak performance. The move is also in line with Robbins' stated desire to flatten out the Borg's burgeoning bureaucracy. First Rob Lloyd and Gary Moore were given pink-slips, and later, Wim …
An Amazon Prime Air drone

YOU ARE THE DRONE in Amazon's rumoured new parcel delivery plan

Amazon looks to be exploring a new way to cut costs by turning you - or anyone willing to deliver parcels - into its drones. In an idea that's most likely a stick with which to beat its delivery contractors, the retail Leviathan reportedly wants Americans to download an app, and if they see a parcel delivery that's convenient to …
Apple Beats headphones

Will Apple reveal a $10-a-month Spotify rival next week? Yeah, yeah, probably

Apple is gearing up to stream music online for $10 a month, a service that will rival Spotify, it is rumored. Apparently, the cloud-hosted jukebox will be separate from the iTunes Store, and will be revealed at Apple's Worldwide Developer Conference (WWDC) – which kicks off on June 8 in San Francisco. Apple is expected to …
Shaun Nichols, 01 Jun 2015
DirecTV

Uncle Sam poised to OK AT&T DirecTV gobble

AT&T's $48.5bn acquisition of DirecTV looks to be heading toward approval by the US government. Both the US Department of Justice (DOJ) and the Federal Communications Commission (FCC) are expected to sign off on the deal as soon as next week. Bloomberg cited a DOJ source familiar with the matter in reporting that approval for …
Shaun Nichols, 02 Jul 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

Microsoft doubles down on productivity with Wunderlist buy

The reinvention of Microsoft under chief executive Satya Nadella continues with reports the software giant has bought German-based iOS app Wunderlist. The purchase, originally reported behind the Wall Street Journal paywall, is in the ballpark of $US100 - $US200 million, making it roughly the same size deal as the company paid …
Taylor Swift

Bring on the Music, Apple: Spotify ups the ante - and money pot

Music streaming biz Spotify has raised $115m (£75m) from an investor, part of the latest funding round which — according to reports — values the company at a staggering $8.5bn (£5.7bn). Swedish telephone biz TeliaSonera AB today confirmed it has handed over a further $115m to Spotify, with the company having been an investor for …
Kat Hall, 10 Jun 2015

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
hands waving dollar bills in the air

GoFundMe shows users how it's done, cashes in with $600m valuation

Online hat-passer GoFundMe has sold off a controlling stake of its business to investors who value it at roughly $600m. The Wall Street Journal cited sources familiar with the matter in reporting the donations broker had completed a round of venture capital funding that culminated with investors taking over the majority control …
Shaun Nichols, 25 Jun 2015

OPM data breach: Looking at you, China! National Intelligence head stares out Beijing

James Clapper, Director of the US' National Intelligence body, has suggested Beijing is behind the successful attacks on the Office of Personnel Management (OPM), which resulted in the theft of millions of federal employees' (including intelligence workers) highly sensitive biographies. Clapper, who reports directly to the …

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

Silicon rumour-mill says Avago's next acquisition target is Broadcom

Shopaholic Avago Technologies is reportedly in talks to acquire Broadcom, in an acquisition that would significantly boost its presence in the high-end smartphone space. First reported behind The Wall Street Journal's paywall, the talks are attributed to the usual “people familiar with the matter”. Reuters says the deal could …
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

Yahoo! displaces Ask in Oracle's Java update crapware parade

At the annual Yahoo! shareholder's meeting, CEO Marissa Mayer unveiled her new strategy for making the struggling web portal popular again by buying its way into Oracle's Java upgrade software. Begining with the next Java update, Yahoo! will replace the current invitation to make Ask your default search engine. Instead, you'll …
Iain Thomson, 25 Jun 2015
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

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 …
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
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 …
cupid_648

T-Mobile has a network, Dish has spectrum it can't use. Oh, HELLO

T-Mobile US and Dish Networks are in talks about joining forces. Consolidation and quad-play are all the rage between mobile networks, and mobile networks and other networks. The Wall Street Journal reports that the two companies have even decided that Dish boss Charlie Egan would head the beast as Chairman, with the outspoken T …
Simon Rockman, 04 Jun 2015
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 …
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
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 …

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 …
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
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
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
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
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