Tag: category-/News/Business News

Uber plans to kick off IPO in April

(Reuters) — Ride-hailing company Uber is planning to kick off its initial public offering in April, putting it close on the heels of smaller rival Lyft, people familiar with the matter said on Thursday. Next month, Uber will issue its required public disclosure, known as an S-1, and launch its investor roadshow, the people said. […]

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Bobby Kotick and Andrew Wilson make the list of most overpaid U.S. CEOs

No CEO wants to be on this list. But the chief executives of game publishers Activision Blizzard and Electronic Arts are among the most overpaid CEOs in the U.S., according to a report by non-profit foundation As You Sow. Aimed at promoting corporate social responsibility, As You Sow analyzes how […]

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Microsoft CEO Satya Nadella tries to bring a little star power and vision to MWC Barcelona 19

In an event lacking many big announcements and much in the way of buzz-worthy big names, Microsoft CEO Satya Nadella has arrived in Barcelona this week at the gathering we call Mobile World Congress to fill the void. On Sunday evening, Nadella opened a Microsoft event for journalists to introduce […]

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Heartland Ventures is bringing Silicon Valley VCs to Indiana

As Silicon Valley venture capitalists express increasing interest in investing in companies outside of their backyard, more groups are trying to get these VCs to the Midwest, even if just for a few days to meet with the region’s companies who can pitch them on why they should invest there. […]

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Kairos raises $4 million for facial recognition technology

Miami, Florida-based facial recognition startup Kairos today announced that it has raised $4 million from individual investor E. Jay Saunders, chair and CEO of regulation technology company Domus Semo Sancus, bringing Kairos’ total raised to $17 million. The fresh capital will be used to “help [Kairos] continue innovating at the vanguard […]

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Apple angers news publishers with plan to keep 50% of subscription fees

It’s no surprise that Apple’s News app proved successful after arriving preinstalled on iOS devices and Macs, reaching over 85 million readers in the three territories where it’s available. Equally unsurprising: Apple is once again reportedly upsetting news organizations with a plan to take too big a cut of their […]

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Raisin raises $114 million from PayPal, Index, others to grow European savings marketplace

Raisin, the European fintech marketplace for savings and investment products, has raised €100 million ($114 million) in a series D round of funding from existing investors including PayPal, Index Ventures, Ribbit Capital, and Thrive Ventures. This takes the company’s total amount raised to €170 million ($195 million), and follows its […]

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Apple’s Deirdre O’Brien will replace Angela Ahrendts as SVP of Retail

Apple’s retail chief Angela Ahrendts is leaving in April, the company announced today, and will be replaced by Deirdre O’Brien — currently Vice President of People — in a combined role as Senior Vice President of Retail and People. Like Ahrendts, O’Brien will report directly to Apple CEO Tim Cook. Ahrendts […]

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Heartland Tech Weekly: Midwestern factory workers won’t be the only ones affected by automation

Last week, the Brookings Institution came out with a big report on which states and cities would be most affected by improvements in artificial intelligence and automation. The coverage adhered to all of the tropes we’ve come to expect from AI coverage. Headlines (including our own) emphasized who was most […]

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Microsoft reports $32.5 billion in Q2 2019 revenue: Azure up 76%, Surface up 39%, and LinkedIn up 29%

Microsoft today reported earnings for its second fiscal quarter of 2019, including revenue of $32.5 billion, net income of $8.4 billion, and earnings per share of $1.08 (compared to revenue of $28.9 billion, net income of $7.5 billion, and earnings per share of $0.96 in Q2 2018). All three of […]

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Apple reports $84.3 billion revenue for Q1 2019 after historic downward revision

After slashing its fiscal first quarter 2019 earnings forecast earlier this month, Apple today announced quarterly revenues of $84.3 billion, including $51.98 billion in iPhone sales, $7.416 billion in Mac sales, $6.729 billion in iPad sales, $10.785 billion in services revenue, and $7.308 billion in combined wearables and accessories sales. Following […]

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Heartland Tech Weekly: Indie.vc’s funding model could be promising for startups in Middle America

A couple of weeks ago, the New York Times wrote about the uptick in alternative funding options that allow founders to give away less equity with the headline, “More startups have an unfamiliar message for venture capitalists: get lost.” That’s not a message I usually hear from entrepreneurs in the Heartland, because they […]

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Microsoft’s M12 venture fund expands to India, invests in health care data startup Innovaccer

India’s startups raised a record $10.5 billion in funding last year from dozens of international and local investors. When they are in need for capital again, they will have an additional source to look at: Microsoft. Microsoft announced today that it is expanding the reach of its M12 corporate venture […]

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Gartner and IDC: HP and Lenovo shipped the most PCs in 2018, but total numbers fell

The PC market is still declining, according to research firms Gartner and IDC. While the two agreed on that 2018 was negative, they disagreed on who shipped more PCs: HP or Lenovo. As with the year before, Dell was indisputably third. Both firms continue to be optimistic about the PC […]

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Organic growth vs. acquisitions: Which makes more sense? 

2018 was a banner year for tech mergers and acquisitions, including IBM’s $34 billion purchase of Red Hat (the largest software acquisition ever), Broadcom’s $18.9 billion buyout of CA Technologies, and Microsoft’s $7.5 billion deal for GitHub. Despite geopolitical and economic uncertainty, most observers are optimistic about continued robust prospects for M&A activity in 2019. “There […]

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Indian tech startups raised a record $10.5 billion in 2018, but concerns remain

India’s tech startups closed 2018 on a record high note, securing several major deals to further cement the nation’s position on the world map. But despite an influx of money from international investors, the local ecosystem’s overall health has some concerned. The year saw a high-profile acquisition, the emergence of new […]

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Dell returns to public markets after 6 years

(Reuters) — Dell returned to public markets on Friday, nearly six years after the company’s founder and Chief Executive Officer Michael Dell took it private in what was then the biggest buyout since the financial crisis of 2008. The computer maker is trading on the New York Stock Exchange under the […]

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3 tech companies whose terrible 2018 you missed: Snap, Yelp, and IBM

So much went so spectacularly wrong in so many ways for tech companies in 2018 that it was hard to keep track of all the horror shows. Some fails were so epic — like those of Facebook, Twitter, Google, and Tesla — that they deserve their own postmortem. But these […]

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EU may probe Apple Pay over iPhone NFC lock-in — if anyone complains

(Reuters) — EU regulators looked into Apple’s mobile payment service and found it was not market dominant but they could review it again if they receive formal complaints, Europe’s antitrust chief said on Monday. In an interview with Reuters, European Competition Commissioner Margrethe Vestager also signaled that Google and Amazon […]

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Lyft files for an IPO ahead of rival Uber

(Reuters) — Ride-hailing company Lyft on Thursday filed with the U.S. Securities and Exchange Commission for an initial public offering, ending months of speculation about the timing of its much-awaited market debut. The company, which was last valued at about $15 billion, did not specify the number of shares it […]

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More iPhone order cuts and Trump tariffs threaten Apple’s holiday season

Normally, Apple’s prediction of a record holiday quarter — with revenues between $89 to $93 billion — would be more than enough to thrill investors, as the company historically hits or exceeds the high end of its sunny estimates. But new reports of further iPhone order cuts and additional U.S. tariffs […]

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Google Cloud CEO Diane Greene steps down

Former Oracle Corp. product chief Thomas Kurian will replace Diane Greene as head of the cloud division at Alphabet Inc’s Google in the coming weeks, Greene announced in a blog post on Friday, after a tumultuous year for the business. Greene said she had joined Google three years ago with […]

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