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Articles about Wall Street

Sprint eyes T-Mobile, grabs $32 BEELLION from wallet, prepares to SLURP

The question - not if - but when Sprint would snap up T-Mobile in the US moved one step closer to reality today, after the wireless carrier was reportedly valued at nearly $40 a share. T-Mobile, according to the Wall Street Journal, has been valued at around $32bn. A merger could be agreed within weeks, people familiar with the …
Kelly Fiveash, 05 Jun 2014
Uncov chronicles the failure of Web 2.0

BAE retracts hedge fund hack allegation

BAE Systems Applied Intelligence has retracted allegations of a nasty attack on a hedge fund it floated on Canadian television a couple of weeks ago. The firm today told Bloomberg was just a scenario that it used for “illustrative” purposes. BAE has promised not to scare us all with hypotheticals any more. That promise is all …
Simon Sharwood, 03 Jul 2014

OMG, sorry about 'poor comms' on Facebook secret emoto-meddle tests. Laters!

A top Facebook chief has admitted the firm did a poor job of informing its users about a controversial 2012 experiment that manipulated the emotions of nearly 700,000 people on the free content ad network. COO Sheryl Sandberg told reporters during a meeting in India on Wednesday that Facebook had made a hash of the secret test …
Kelly Fiveash, 03 Jul 2014
wall_street

Oracle takes an arrow to the EPS: It's that darned strong dollar... again

Oracle is claiming a $9.3bn haul of revenues, up 4 per cent year-on-year, in its third quarter of fiscal 2014 – but that fell short of Wall Street analyst earnings expectations. The company said that on the quarter it saw GAAP earnings per share of $.56, up 8 per cent and just short of the projected 10 per cent increase. Overall …
Shaun Nichols, 19 Mar 2014
SOURCE:  http://www.sxc.hu/browse.phtml?f=view&id=1412135

Down-with-the-kidz Apple stuffs up with wild 'funness' claims

Apple appears to have made a shocking admission: that one of its endlessly upgraded product lines is boring. On its website, Apple said its new iPod Touch was "engineered for funness", a sarcastic term used by the yoof – generally as an adjective and/or an abstract noun... A Reg reader pointed out the fruity faux pas and …
Jasper Hamill, 09 Jul 2014

Google mulls splashing MEEELLIONS on laying fat pipe in watery depths

Google is mulling over splashing some of its cash on a new, multimillion-dollar undersea cable for its private network. The ad giant is considering laying the new cable under the Pacific Ocean to link its data centres in Oregon and Japan, familiar people whispered to the Wall Street Journal. By investing in the cable itself, …
The Register breaking news

Wall Street protest app Vibe is secure enough, cries dev

That new "anonymous Twitter" app we wrote about last week? It is more anonymous than Twitter – but it isn't actually very anonymous. "Vibe isn't like BBM, which is encrypted," New York-based developer Hazem Sayed told The Reg. "This wasn't designed like BBM was for exchanging confidential market information, but we don't have …
Anna Leach, 11 Oct 2011

Twitter #blabbergasm explodes as shares soar close to $50 on NYSE

A profit-starved Twitter saw its shares debut on the New York Stock Exchange today with a price tag $45.10. The micro-blogging site, which earlier this week issued an explanation to would-be investors about what its service actually offers, set its initial public offering price at $26 last night. First indications from the …
Kelly Fiveash, 07 Nov 2013

eBay warns investors: Don't expect 'em to stuff stockings with our tat

Shares in eBay tumbled in after-hours trading on Wall Street, after the online tat bazaar coughed to a "cautious outlook" for the holiday season in the US. The company alerted investors that it could face a difficult Christmas period and partly blamed the government shutdown for a potential slump in sales. Wall Street reacted …
Kelly Fiveash, 17 Oct 2013
management regulation1

LightSquared backer sues FCC over spectrum shindy

US hedge fund Harbinger Capital Partners is suing the US government - and specifically the Federal Communications Commission (FCC) - according to the Wall Street Journal (paywall), for its part in the demise of optimistic wireless broadband network LightSquared. The network filed for Chapter 11 bankruptcy last May after the FCC …
Simon Rockman, 14 Jul 2014
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
Vodafone Smart

Reports say Vodafone to gobble Spanish cable outfit Ono

Vodafone is about to pay around $US10bn to acquire Spain's Ono, according to several sources. The Wall Street Journal reports the deal will be announced on Monday, with $9.73bn to change hands. Bloomberg offers round $10bn, citing the same folks familiar with the report as does the Journal. Ono is a triple-play operator, …
Simon Sharwood, 17 Mar 2014
Candy Crush Saga

Candy Crush King sees IPO go sour as stock price heads south

Mobile games firm King Digital failed to take the stock market by storm Wednesday as the firm's initial public offering (IPO) saw its stock price decline by more than 15 per cent at close of trading. The company made famous for its Candy Crush mobile game had been seeking a valuation of roughly $7bn wen it offered its shares on …
Shaun Nichols, 27 Mar 2014
Twitter for Mac New

Twitter hints at messaging moves

Twitter has issued a couple of big, meaty, hints that it wants in on instant messaging. The avian network already has a messaging service, in the form of “direct messages” that are sent between two parties but don't ever appear in public. Such messages, known as DMs among the Twitterati, aren't very widely used because most apps …
Simon Sharwood, 22 Jul 2014
The Register breaking news

Microsoft biz stars won't shine in Wall Street web show

Microsoft watchers and stockholders scratching their heads over the recent cloud re-org, Bing's continued losses, and potential prospects for Office 2010 will have to personally trek to Redmond this year if they want to hear from those directly in charge about what's going on. That's because Microsoft has shaken up its annual …
Gavin Clarke, 28 Jul 2010

Peak Apple: Mountain of 80 MILLION 'Air' iPhone 6s ordered

Apple has told its Chinese suppliers to build a mountain of 70 to 80 million new iPhone 6s, which are expected to come in two different sizes and hit the shops this year. This means that the number of brand-new iPhones could match the population of Germany, which is inhabited by slightly more than 80 million souls, and totally …
Jasper Hamill, 22 Jul 2014

Redmond may buy security company it says is wrong about AD flaw

Microsoft is reportedly in talks to buy Israeli security firm Aorato for $200 million after this week pouring cold water on its claim to have discovered a critical flaw in Active Directory. Aorato was founded by former Israeli Defense Force hackers and offers products that detects attacks on against Active Directory. As …
Darren Pauli, 16 Jul 2014
Samsung Galaxy Gear

Samsung WRISTPHONE – for those who wanna whisper to strap-ons

Samsung is about to give the world a smartphone-on-a-wrist, according to The Wall Street Journal. Murdoch's money magazine reports that the as-yet-un-named device will run the Tizen operating system, include a camera, Bluetooth, GPS, heart rate monitor and even an email client. Unlike Samsung's current wearables, it won't need a …
Simon Sharwood, 26 May 2014

Google chair Eric Schmidt reportedly visits Cuba

Nixon in China it may not be, but Google's chairman Eric Schmidt has reportedly visited Cuba. Cuban blog 14yomedio.com reports that Google executive chairman Eric Schmidt and other senior Googlers dropped in over the weekend to promote “the virtues of an open internet”. Freedom House's 2013 Freedom on the Net 2013 rates Cuba as …
Simon Sharwood, 30 Jun 2014
The Register breaking news

iPad pitch to the Wall Street Journal laid bare

Steve Jobs took the iPad to the Wall Street Journal to explain why the paper should drop Adobe's Flash, to a cool reception. The details of Mr. Jobs' presentation to staff at the Journal were revealed by ValleyWag. They included his dismissal of Adobe's Flash technology along with the arguments about why the Journal should drop …
Bill Ray, 19 Feb 2010
channel

Netlist's HyperCloud memory gets Wall Street's blessing

Right about now, server memory module maker Netlist is probably wishing that it hadn't already gone public. But if the enthusiasm in a new public offering by investors on Wall Street last Friday is any indication, Netlist may be onto something with its new HyperCloud DDR3 super-dense main memory for servers. As The Register …

US negotiators in Singapore to unblock TPP negotiations

America's free trade tourists have returned to Singapore on yet another attempt to unlock stalled talks over the Trans Pacific Partnership treaty. Hailed by business and government alike, the 12-nation treaty has been criticised on various grounds: the secrecy of its proposed text, the lack of consultation in many countries, …
IBM's System x3620 M3 server

China clears Lenovo's slurp of IBM server biz

The Chinese Ministry of Commerce has finally approved Lenovo’s $2.3bn deal to buy Big Blue’s server biz, according to Reuters. The country’s anti-monopoly bureau has taken its time over the decision and the US authorities have yet to rule on the acquisition, but Lenovo has said it expects the deal to close this year. Chief exec …

Wacky 'baccy making a hash of FBI infosec recruitment efforts

The Federal Bureau of Investigation wants to hire more infosec professionals to help fight cyber-crime, but can't find the people they need because there's too much weed to weed out from the talent pool. No, really: the Wall Street Journal is reporting that FBI Director James Comey made that exact complaint in a speech delivered …

Don't hang up! Cisco chucks $100m at Internet of Things

Cisco may have predicted tough times ahead, after sales recently fell sharply in China and it laid off 4,000 employees due to a growth slump, but the networking giant reckons that pumping cash into the so-called Internet of Things will help spur on recovery. It has slapped $100m on the pile to invest in ultra-low-power embedded …
Kelly Fiveash, 13 Feb 2014
Zombie cloud

What's a right pain in the ASCII for IBM? Its own leech-like hardware biz

IBM's earnings for the first quarter of the year show that the company's hardware division has turned into a leech sapping Big Blue's profits. IBM's total revenues for the quarter were $22.5bn, down four per cent on an annual basis and earnings-per-share are $2.54. This represented the eight consecutive quarter of declining …
Jack Clark, 16 Apr 2014
Facebook

What's up, Zuck? Facebook asks Brussels to probe its GIGANTIC WhatsApp deal

Facebook has asked the competition wing of the European Commission to probe its $19bn buyout of WhatsApp in a move to apparently nullify a host of investigations being sparked in multiple EU nations. According to the Wall Street Journal, which cited people familiar with the matter, Facebook appears to be keen to swerve antitrust …
Kelly Fiveash, 28 May 2014
channel

Penguin Computing overclocks Opterons for Wall Street

Linux server specialist Penguin Computing has jumped into the overclocked server fray with a new Altus server aimed at clock-hungry high frequency stock trading applications. At the HPC on Wall Street Conference in New York City this week, Penguin Computing is showing off its Altus 1750 server, which is built using Advanced …

Mozilla DENIES reported claims of board rift over new chief Eich

The Mozilla Foundation has denied that the departure of three members of its board is a vote of protest regarding the controversial appointment of Brendan Eich as CEO. The Wall Street Journal reported over the weekend that folks familiar with the matter say three directors - John Lilly, Ellen Siminoff and Gary Kovacs - bailed …
Simon Sharwood, 31 Mar 2014

Twitter rejigs layout, opens wide to swallow SLURRY OF ADS

It's been five months since the Twitter blabbergasm rolled into town. And, now that it's a grown up company trading on Wall Street, the micro-blogging site needs to crawl its way into the black. To do that, Twitter has suddenly gone a sombre grey with a layout tweak that surely signals to tweeting fans that the site is about to …
Kelly Fiveash, 08 Apr 2014
graph up

IBM pitches overclocked Xeons to Wall Street

Big Blue has joined the ranks of server makers that are pitching servers using over-clocked processors to latency-sensitive financial services companies. IBM's new System x3650 M3 HF server is based on Intel's "Everest" Xeon 5698 variant of the "Westmere-EP" Xeon 5600 lineup, which has four of its six cores disabled and which …
Roughly 150kg of gold

IBM, HP, others admit products laced with NORK GOLD

IBM, HP, Seagate, and other companies have admitted that some of their products include gold from North Korea. The companies disclosed in recent financial filings – first spotted by Foreign Policy – that some of their suppliers sourced gold from the "Central Bank of the DPR of Korea", according to filings with the US Securities …
Jack Clark, 03 Jun 2014

Twitter swallows BEHAVIOURAL AD firm TapCommerce

Twitter plans to buy mobile behavioural ad outfit TapCommerce for an undisclosed sum. It's the micro-blogging site's latest strategy to attempt to turn around a profit at the company, which floated on to Wall Street late last year. Twitter said in a blog post that TapCommerce was "a leader in mobile retargeting and re- …
Kelly Fiveash, 01 Jul 2014
Yahoo! Aviate

Yahoo! Bids! To! Own! Your! Smartmobe! Home! Screen!

Yahoo! is continuing its search for relevance, launching an Android environment that would let the ad-farmer run your smartphone's home screen. Pitched as a convenience thing, the app, called Aviate, was debuted in this Tumblr post. Product manager Mark Daiss writes that the aim of Aviate is to make “your phone smarter by …
David Flynn

Fusion-io founder Flynn flies again with new storage upstart

Ousted Fusion-io co-founder David Flynn has a new gig: startup Primary Data. And the chief marketing officer? Why, none other than Rick White, co-founder of Fusion-io and its chief marketing officer when he resigned along with Flynn earlier this year. He started at Primary Data in June. The news is reported by the Wall Street …
Chris Mellor, 13 Aug 2013
Steve Ballmer

Who's top Microsoft shareholder? Uh oh, it's STEVE BALLMER

When former Microsoft CEO and current board member Steve Ballmer said he was "very interested" in the company's future, he wasn't kidding. As of Wednesday, Ballmer became Redmond's largest individual shareholder, with a stake even greater than that of founder Bill Gates. The switcheroo wasn't because Ballmer acquired new shares …
Neil McAllister, 03 May 2014
The Register breaking news

Wall Street Journal wants your micro-payments

The Wall Street Journal online, one of the few remaining news websites that's charging for access, plans to introduce a micro-payments scheme this autumn. Non-subscribers will be charged to view individual articles, according to a report Sunday — somewhat amusingly by the WSJ's overseas rival, The Financial Times and not the …
Austin Modine, 11 May 2009
Sina Weibo logo

Sina rumoured to be prepping Weibo for $500m US-based IPO

Chinese web giant Sina has picked two of the big banks to prep its Twitter-alike microblogging site Weibo for an IPO in the US. Goldman Sachs and Credit Suisse have been taken on to help the site manage a debut onto the market in New York, sources told the Financial Times and Reuters. Weibo, which is hugely popular in China, is …
Apple HQ 2, credit Cupertino Council

Piece of Apple close to smashing CRAZY 2012 share price record

Apple stock has soared to a high unmatched since the glory days of 2012, with analysts predicting its price could continue to skyrocket and reach record levels. The price of a fruity share is now sitting at $96.45. When you adjust that to take into account the recent one-to-seven stock split, that's not far off from the record …
Jasper Hamill, 15 Jul 2014
Nest Labs' The Nest

Google Nest slurps your life into the Matrix? The TRUTH

Thought your home was safe from corporate surveillance? Think again, because thermostat-maker Nest is set to share your personal data with its mother company, Google. Nest Labs has admitted to the Wall Street Journal that personal assistant system Google Now will be among the first non-Nest apps to connect to Nest sensors and …
Jasper Hamill, 24 Jun 2014
EMC federation logo

Activist investor plans to de-federate EMC: report

Activist investors have taken a billion-dollar stake in EMC in order to break apart its federation and spin out VMware, according to The Wall Street Journal. Quoting folks familiar with the matter, The Journal says Elliot Management Corporation, an outfit financial rating service Hoovers describes as a hedge fund that "takes an …
Simon Sharwood, 21 Jul 2014
Lenovo Yoga

Lenovo shares in trading halt ahead of 'disclosable transaction'

Lenovo has halted trade in its shares, "pending the release of an announcement in respect of a discloseable transaction which constitutes an inside information of the Company." That quote comes from this statement (PDF), the second such document emitted by Lenovo in recent days. The previous statement (PDF) said "the Company is …
Simon Sharwood, 23 Jan 2014

Apple 'happy ending': BULGING iPhone WAD - but can it ever be enough?

Apple has reported its financial results for the fourth quarter of its fiscal 2013: its numbers handily outperformed the projections published by the Wall Street moneymen, though net income slipped from the same period last year. For the quarter, Apple's all-important earnings per share (EPS) came in at $8.26 on revenues of $37. …
Rik Myslewski, 28 Oct 2013

Murdoch EYEBALLS Twitter with $25m buyout of news aggregator Storyful

A Dublin, Ireland-based company that carefully strips out news stories from other content on sites such as Twitter has been bought by Rupert Murdoch's News Corp for $25m. Storyful, whose founder and chief Mark Little rather grandly bills the outfit as "the first news agency of the social media age", will operate as a standalone …
Kelly Fiveash, 20 Dec 2013
The Register breaking news

Google back to wowing Wall Street

Google still has a knack for wowing Wall Street. Today, the world's largest search engine announced profits of $1.07bn for the financial quarter ending September 30, a 46 per cent year-over-year increase that exceeded the expectations of Wall Street analysts. Meanwhile, Q3 revenue hit $4.34bn, a 57 per cent jump from the same …
Cade Metz, 19 Oct 2007
John Chambers at the World Economic Forum 2010

BIG trouble in BIG China: Cisco shares fall off a cliff as CEO warns of slump

Cisco's shares slumped ten per cent in after-hours trading on Wednesday after the networking kingpin copped to terrible performance in emerging markets. The hardware giant squeezed $2.9bn in net income (up 11.6 per cent year on year) out of revenues of $12.1bn (up 1.8 per cent) in the third quarter of 2013. The company beat Wall …
Jack Clark, 13 Nov 2013

Terminator-maker 'Cyberdyne Inc' lists on Tokyo stock exchange

El Reg readers of a more fatalistic disposition may be dismayed, but probably not surprised, to hear that Cyberdyne - the company that invented Skynet and ultimately the murderous "Terminator" machines - has just listed on the Tokyo stock exchange. Of course, it’s not the shadowy defence firm of the iconic Arnie films, which …
Phil Muncaster, 27 Mar 2014

Mystery bidder plunders the whole haul in Silk Road Bitcoin auction

The US Marshals Service says the entire hoard of Bitcoins seized from shuttered online drugs souk Silk Road have gone to a single bidder in an auction held on Friday. The 29,656.51306529 Bitcoins that prosecutors wrested from wallets belonging to Silk Road have an estimated real-world value of around $19m at today's exchange …
Neil McAllister, 02 Jul 2014
Google

Google points big data dollars at cancer

While IBM merely wants to sell stuff to the more esoteric reaches of medical research, Google has stuck a multi-million-dollar toe in the water in its own right, leading a funding round for an outfit called Flatiron Health. In the kind of phrase that only the tech industry could contemplate without a double-take, Forbes …
First official pic of Ashton Kutcher as Steve Jobs

Zuckerberg, Musk and Fake Steve Jobs invest in secretive AI firm

Elon Musk and Mark Zuckerberg have become some of the latest investors in secretive artificial intelligence software firm Vicarious. The SpaceX billionaire and the Facebook founder took part in a $40m funding round, the second major cash-raising from the firm in the last two years, the Wall Street Journal reported. The actor who …