Articles about Wall Street

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
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
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
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
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
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
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- …
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

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
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
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

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
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 …
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

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
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

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 …

Seagate belches, chomps down another greenback burger

Seagate’s second quarter revenues for 2015 rose 4.8 per cent over the year to $3.7bn while profits more than doubled to $933m, up from $428m a year ago. Last quarter’s revenues were higher, at $3.8bn, yet profits were $381m. This meant they made up just 10.1 per cent of its revenues compared to 25.2 per cent profit in the latest …
Chris Mellor, 26 Jan 2015

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

Hacker builds cheatbot for hit app Trivia Crack

Security researcher Randy Westergren has reverse engineered super popular app Trivia Crack, recompiled it to help cheaters and along the way showed how to turn it into nastyware. Trivia Crack has taken the world by storm, accruing some 130 million installs across Android devices and an unknown on iOS units. The app which pits …
Darren Pauli, 26 Mar 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
HP cloud

Report: HP to SPLIT OFF PC, printer biz from enterprise wing

Hewlett-Packard is reportedly planning a big break-up of its businesses, splitting its PC and printer operations from the company's corporate hardware and services divisions. The Wall Street Journal, citing people familiar with the matter, said that the huge rejig could be announced by HP on Monday. One source told the …
Kelly Fiveash, 05 Oct 2014
Mark Hurd and Safra Catz

Hurd'n'Catz leading Oracle to the cloud, but core biz still lags

Oracle beat analysts' estimates for once for the second quarter of its fiscal 2015, with an earnings report that otherwise showed only modest results. The database giant's total revenues of $9.6bn for the three months that ended on November 30 were better than expected, but still only amounted to 3.5 per cent year-on-year growth …
Neil McAllister, 18 Dec 2014
Punk-styled girl with piercing gazes at an apple

Apple misses earnings targets, Street reacts

Apple released its earnings report for the third quarter of its 2012 fiscal year, and its numbers came in well below most Wall Street moneymen's projections – largely, it seems, on a steep quarter-to-quarter drop in iPhone sales. Shares in after-hours trading took an immediate hit, down from just over $600 per share before the …
Rik Myslewski, 24 Jul 2012
Batteries

Tim Cook slurped our brains, snarl fat battery bods A123

Battery manufacturer A123 Systems, specialists in large-scale battery tech for vehicles and power grids, has slung a sueball at Apple for allegedly poaching its engineers. The case concerns five former employees of A123 currently employed by Apple, according to a court filing released on Tuesday. While employed by A123, the …
Kat Hall, 19 Feb 2015
Apple Watch

How many Watches will Apple flog? 20, er, 18.5, no, five, wait, 50 million!

With the Apple Watch allegedly just weeks away from going on sale, industry pundits are weighing in on their predictions for the Cupertino wearable. And boy, do those estimates differ, with wide ranges of price tags and sales figures. According to analysts, the Apple watch will be a hit, unless it's not, and its cost will range …
Shaun Nichols, 20 Feb 2015
Close-up of a YouTube logo as viewed on a computer screen in close up...

NO ONE is making money from YouTube, even Google – report

It seems no one is making money from online goggle box YouTube, least of all Google – despite reports that the company generated $4bn (£2.6bn) revenue last year. While YouTube accounted for about six per cent of Google’s overall sales last year, it didn’t contribute to earnings, a source told the Wall Street Journal. YouTube's …
Kat Hall, 26 Feb 2015
DDoS image

Massive DDoS racks up $30,000-a-day Amazon bill for China activists

Chinese activist site Greatfire.org which masks censored traffic into the country is under a sustained distributed denial of service (DDoS) attack that is racking up $30,000 a day in server costs. The website masks internet traffic from websites including Facebook and Google, so it can be seen in China, and does so using cloudy …
Darren Pauli, 20 Mar 2015

Apple Watch 'didn't work on HAIRY FANBOIS, was stripped of sensor tech'

Apple has scrapped certain health-monitoring technologies from its upcoming Watch, it's reported, following problems with sensors and regulations. Some of the features are too complicated, while others would have prompted unwanted attention from watchdogs, it's reported. We're told the Watch has failed to meet Cupertino's strict …
Kat Hall, 17 Feb 2015
Tim Cook as Mr T

Apple CEO: Fandroids are BINNING Android in favour of IPHONES

Apple is wolfing down KitKats and Lollipops for lunch after it emerged that most iPhone 6 users have come from Android. iBling salesman Tim Cook told the Wall Street Journal that only 15 per cent of iPhone 6 customers have upgraded from other iPhones. It’s the first time he’s given a number for this trend, and although he’s …
Simon Rockman, 30 Jan 2015

Report: IBM to peddle its chip wing

IBM is rumored to have retained Goldman Sachs to help it put a price on its semiconductor division. The news was reported by the Financial Times on Thursday afternoon, California time, and follows IBM's long-expected announcement of the sale of its server division to Asian electronics giant Lenovo. At the time of writing …
Jack Clark, 07 Feb 2014
Google's Mountain View Headquarters

Google nabs Morgan Stanley CFO to replace Patrick Pichette

Google have announced that Ruth Porat, currently Chief Financial Officer at Morgan Stanley, will be joining the Mountain View management team as CFO. Current CFO Patrick Pichette announced his retirement to go backpacking earlier this month. Google stated that he would be staying on board to "ensure an orderly transition, which …
Eve in the Garden of Eden talking to a rather angry God on Snapchat

So, Apple won't sell cheap kit? Prepare the iOS garden wall WRECKING BALL

Opinion It’s that time of year again, when Apple’s annual iPhone launch is looming and the mobile chattersphere becomes entirely dominated again by one handset maker. In 2007 and 2008, that was completely justified. Since then, there have been progressively fewer reasons to define the whole smartphone sector by Apple. New models have …
Wireless Watch, 25 Aug 2014
Monty Python Norwegian Blue dead parrot sketch

Twitter shares tank as blabbergasm implodes in full glare of unforgiving investors

Twitter shares fell sharply on Wall Street today, wiping out about a quarter of the value of the micro-blogging site within minutes of trading opening in New York. The precipitous fall came after the company reported disappointing results in its first quarterly finance call since taking Twitter public last year. It's been a …
Kelly Fiveash, 06 Feb 2014

BMC Software flings patent sueball at ServiceNow

Newly private BMC Software is taking ServiceNow to court, claiming its up-and-coming enterprise help-desk rival trampled over its sacred patents. BMC has accused ServiceNow of violating seven of its patents (5,978,594, 6,816,898, 6,895,586, 7,062,683, 7,617,073, 8,646,093 and 8,674,992), spanning incident management, performance …
Gavin Clarke, 24 Sep 2014
Intel headquarters, Santa Clara

Intel: We came here to bury our Mobile chip business, not praise it

Intel says that beginning next week it will report its quarterly earnings in a slightly different way than it has previously, in a move that shields the chipmaker's poor-performing Mobile and Communications group from direct scrutiny. On Monday, Chipzilla officially unveiled its new financial reporting structure, which combines …
Neil McAllister, 06 Apr 2015
Cellular basestation antenna

ZTE ups 5G investment

Chinese mobe-maker ZTE is ramping up its R&D by ¥400 million RMB*, and wants 800 new engineers in China, Europe and the US – all to help it keep pace with 5G development. Speaking to the Wall Street Journal the company's chief scientist, Dr Xiang Jiying said that the company sees the technology's touted 1,000-times 4G's capacity …
The Register breaking news

Amazon's soaring revenues depress Wall Street

Amazon continues to prove that a melting economy doesn't necessarily mean you can't continue to expand sales on the world's largest etail site. During the second quarter ending June 30, the company pulled in revenues of $4.65 billion, a fifteen per cent jump from the same quarter last year. But this wasn't enough to satisfy the …
Cade Metz, 24 Jul 2009
management regulation2

HP's $3 BEELLLION Aruba buy ‘significantly undervalues’ wireless operator

Hewlett-Packard’s proposed $3 billion purchase of wireless mobile specialist Aruba Networks is facing a legal hurdle. A case has been filed in a US court against HP, Aruba, its management and board members claiming HP’s price drastically undervalues the firm. The case (5:15-cv-01502) claims the proposed deal is unfair, because …
Gavin Clarke, 20 Apr 2015

Watch: China has made an internet censorship THEME SONG

Video Creating patriotic songs is an age-old solution to difficult problems, albeit one that is out of fashion in the Western world. Not so in China, which has just released a tremendous rousing tribute to its clean, clear and incorruptible internet. The song is performed by the Cyberspace Administration of China choral group, …
Kieren McCarthy, 12 Feb 2015