Apple readies $1B war chest for Hollywood programming

Apple Inc. has set a budget of roughly $1 billion to procure and produce original content over the next year, according to people familiar with the matter—a sign of how serious the iPhone maker is about making a splash in Hollywood.

The original article can be found here: http://www.foxnews.com/tech/2017/08/16/apple-readies-1b-war-chest-for-hollywood-programming.html

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Growth for Customer Loyalty Programs Slowing: Census


Membership in loyalty programs grew at 15 percent this year to total 3.8 billion, according to the recently published 2017 Colloquy Loyalty Census Report. The growth rate recorded in the 2015 loyalty census, when membership stood at 3.3 billion, was 26 percent. Growth has slowed because the United States is a maturing market, said Melissa Fruend, author of the report. Mergers and acquisitions in the grocery sector, which saw memberships plummet 24 percent from 188 million to 142 million, were another factor.

The original article can be found here: http://www.ecommercetimes.com/story/84657.html?rss=1

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Will Record Fine Cramp Google's Style in Europe?


The European Commission has walloped Google unit with a record $2.7 billion for giving its own shopping comparison site preference above smaller competitors, and thus abusing its dominant position as a search engine. Google must end the conduct within 90 days or face penalties of 5 percent of its average daily global revenue, the EC said. Commissioner Margrethe Vestager, who is in charge of regulating competition, said that Google’s actions were not limited to reasonable efforts to put out a better comparison shopping product than its rivals.

The original article can be found here: http://www.ecommercetimes.com/story/84645.html?rss=1

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Verizon Makes New Oath


Verizon last week completed its US$4.5 billion acquisition of Yahoo’s operating business assets, merging it with its existing AOL business to create Oath. The new subsidiary encompasses more than 50 media and technology brands — including HuffPost; Yahoo Sports, Finance and Mail; AOL.com; Makers; Tumblr; TechCrunch; Flickr; and Build Studios. Oath is organized around content: news, sports, finance, entertainment and lifestyle. Oath’s CEO is Tim Armstrong, who was CEO of AOL prior to the merge.

The original article can be found here: http://www.ecommercetimes.com/story/84620.html?rss=1

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Qualcomm Answers Apple's $1B Lawsuit, Files Counterclaims


Qualcomm has fired back with a response and counterclaim to Apple’s $1 billion federal patent suit filed earlier this year. Apple breached agreements and encouraged regulatory attacks in a scheme to coerce unfair licensing terms, Qualcomm claimed. Apple’s suit argues that Qualcomm used its dominant position in semiconductors to force it to pay billions in additional royalty payments for technologies like Touch ID or Apple Pay, or even added memory, which have nothing to do with the Qualcomm baseband processor chipsets used in mobile phones.

The original article can be found here: http://www.ecommercetimes.com/story/84453.html?rss=1

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Intel Bets $15.3B on Mobileye's Self-Driving Car Tech


Intel has agreed to acquire Mobileye, a developer of autonomous vehicle technology, for $15.3 billion in cash. Intel will integrate Mobileye’s computer vision and mapping technology for autonomous and semi-autonomous vehicles into its Automated Driving Group, to be led by MobileEye CTO Amnon Shashua. Intel SVP Doug Davis will oversee engagement across various Intel groups, and report directly to Shashua. The combined company will be the leading technology provider in the autonomous vehicle industry, said Intel CEO Brian Krzanich.

The original article can be found here: http://www.ecommercetimes.com/story/84372.html?rss=1

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Facebook is using AI to identify suicidal thoughts — but it's not enough, experts say

For many of its nearly 2 billion users, Facebook is the primary channel of communication, a place where they can share their thoughts, post pictures and discuss every imaginable topic of interest.

The original article can be found here: http://www.foxnews.com/tech/2017/03/09/facebook-is-using-ai-to-identify-suicidal-thoughts-but-its-not-enough-experts-say.html

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Federal IT Acquisition Worth $50B Cleared for Takeoff


A major federal acquisition opportunity with a potential contract value of $50 billion for information technology vendors is back on track. The General Services Administration recently resumed processing vendor applications after a legal challenge to the contract was resolved in its favor. As a result, the GSA this fall will reveal the names of approximately 60 vendors who will be eligible to participate in the Alliant 2 IT contract vehicle. The program is notable not only for the money involved, but also for a major contracting change.

The original article can be found here: http://www.ecommercetimes.com/story/84320.html?rss=1

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Toshiba Plunges on Massive Nuclear Writedown, Earnings Delay


Toshiba shares fell 8 percent on Tuesday as the company took a $6.3 billion writedown related to its struggling nuclear power business and delayed the release of its fiscal third-quarter earnings. Shigenori Shiga, Toshiba’s chairman and representative executive officer, resigned effective Wednesday, the company said. His resignation in part reflects management taking responsibility for the loss of goodwill and the impairment related to Westinghouse’s acquisition of CB&I Stone & Webster from the Chicago Bridge & Iron Co. N.V.

The original article can be found here: http://www.ecommercetimes.com/story/84306.html?rss=1

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Toshiba facing bankruptcy, total disintegration thanks to bad bets on nuclear power

Toshiba-Nuclear-Feature

Toshiba went into meltdown today, announcing a $3.4 billion loss, a write-down of $6.2 billion, and the collapse of its nuclear construction business. The firm, which employs more than 200,000 people worldwide, is facing bankruptcy.

The post Toshiba facing bankruptcy, total disintegration thanks to bad bets on nuclear power appeared first on ExtremeTech.

The original article can be found here: https://www.extremetech.com/computing/244441-toshiba-facing-bankruptcy-total-disintegration-thanks-bad-bets-nuclear-power?source=Computing

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Snap Seizes the Moment


Snap Inc. last week filed for a $3 billion initial public offering. The company’s private market valuation is $17.8 billion, but investors reportedly have valued it at between $20 billion and $25 billion. “Twenty-five billion dollars is just nuts, but that’s the market we’re in,” remarked Rob Enderle, principal analyst at the Enderle Group. “This could provide an opportunity for the big gambler investors, but better to watch for the high and then short the stock,” he suggested, because Snap’s prospectus “suggests profit will never arrive.”

The original article can be found here: http://www.ecommercetimes.com/story/84281.html?rss=1

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Google Gets Rid of 1.7 Billion Bad Ads


Google on Wednesday said it removed 1.7 billion bad advertisements from its various sites in 2016, more than double the prior year’s totals. Google took several steps to crack down on the deceptive advertising, including updating its policies to protect users from “misleading and predatory offers.” It also beefed up its technology to help identify misleading ads and remove them, according to Scott Spencer, Google’s director of product management, sustainable ads. A free and open Web is a vital resource, he noted.

The original article can be found here: http://www.ecommercetimes.com/story/84258.html?rss=1

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Netflix Surprises Itself With Gangbusters Membership Growth


Netflix generated $8.3 billion in global streaming revenue in 2016, with 35 percent year-over-year growth, it reported Wednesday. The company ended last year with 93.8 million members, including 19 million net additions — up from 17.4 million new subscribers in 2015. Netflix’s global revenue for the fourth quarter of 2016 grew by 41 percent year-over-year to $2.4 billion, and 7.05 million net new members joined during that time period. The U.S. accounted for 1.93 million new subscribers, while the rest, 5.12 million, came from international markets. The growth greatly exceeded Netflix’s own forecast.

The original article can be found here: http://www.ecommercetimes.com/story/84245.html?rss=1

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Apple's App Store generated record sales

Apple Inc. said its App Store generated record revenue of more than $20 billion for developers in 2016, as that business roughly maintained its growth rate even as iPhone sales volumes declined.

The original article can be found here: http://www.foxnews.com/tech/2017/01/06/apples-app-store-generated-record-sales.html

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Softbank Pumps $1B Into Global Web Access Race


Softbank has cut a check for $1 billion to OneWeb, which plans to build a constellation of satellites to provide Internet access to underserved parts of the world, the companies announced Monday. Helmed by satellite industry veteran Greg Wyler, OneWeb raised a total of $1.2 billion in its latest round of funding. The company will deploy 650 Ku band satellites into orbit at a height of 750 miles, which will offer more than 10 terabits per second of new capacity. OneWeb also will build user terminals containing embedded LTE, 3G, 2G and WiFi.

The original article can be found here: http://www.ecommercetimes.com/story/84186.html?rss=1

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LinkedIn Begins New Chapter Under Microsoft's Wing


Microsoft last week closed its $26 billion acquisition of LinkedIn. LinkedIn will remain a separate company and Jeff Weiner will continue as its CEO, but he now reports to Microsoft CEO Satya Nadella. Integration of the companies’ products is under way. Among many other things, a user’s LinkedIn identity and network will be made available in Microsoft Outlook and the Office suite. “Working across private and public sectors, we can create more opportunity for everyone to participate and share in economic growth,” Nadella said.

The original article can be found here: http://www.ecommercetimes.com/story/84162.html?rss=1

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