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Hardware, ‘Advanced’ Tech to be Developed at Apple’s New $45 million Research Hub In China

Amidst the efforts by Apple Inc to reverse declining sales in the country, the U.S. tech giant is making a huge investment in research and development in China, its first ever in the second largest economy of the world.   The company would invest 300 million yuan ($45 million) in a research...

Partnering with Deloitte, Apple Deepens its Enterprise Push

As Apple Inc.’s latest attempt to boost enterprise sales as its key product, the iPhone, shows signs of maturation, Deloitte LLP will open a new practice to help corporate clients work with Apple products.   The two companies announced a partnership on Wednesday to this effect.   The...

Wells Fargo Board Orders Review and CEO Forfeits Millions

While the company's board investigates Wells Fargo's sales practices, its Chief Executive Officer John Stumpf will not get a salary and will forfeit unvested equity awards worth about $41 million, the bank said on Tuesday.   The bank said that no severance would be given and unvested equity...

Depending on the New Owner, Twitter Could Take Many Forms

Twitter -may end up heading in one of several distinctly different directions depending on who ends up paying for it with speculation mounting that Twitter Inc will soon have a new corporate owner. The 10-year-old social networking service has long struggled to define its core purpose.  ...

49% of Rolling Stone to Singapore’s BandLab to be Sold by Jann Wnner

The founder of Rolling Stone is selling 49 percent of the iconic magazine to an Asian billionaire’s son after a five-decade run full of interviews with pop stars and presidents. In a deal that encapsulates the plight of an industry fighting to stay relevant in an online age, it’s the first time...

Smoke from a Samsung Phone in Flight on an Indian Airline Raises Alarm

India's aviation regulator said that while there was no damage and the aircraft landed safely, a Samsung Electronics smartphone stored in an overhead baggage compartment on an Indian plane did emit smoke in mid-flight on Friday.   The airline, owned by InterGlobe Aviation, said in an emailed...

Asia Investment Bank Jobs of Goldman Sachs Planned to be Cut by 25%

There has been a steep clump in the deal making market in Asia and this has forced the Goldman Sachs Group Inc. to plan job cuts in the regions, except Japan, to the tune of about 25 percent of the workforce in the investment-banking jobs there, sources in the market with knowledge of the matter...

Data from 500 Million Accounts in 2014 Stolen by Hackers, says Yahoo

Yahoo believes that a state-sponsored actor conducted a theft that appeared to be the world's biggest known cyber breach by far resulting in hacking of at least 500 million of its accounts in 2014, the company said.   The company said that names, email addresses, telephone numbers, dates of...

Recode says Info About Massive Data Breach to be Provided by Yahoo

Technology news site Recode reported on Thursday, citing unnamed sources familiar with Yahoo’s plans that the tech company this week will disclose a data breach that compromised the details of several hundred million users.   Yahoo plans to sell its email service and other core internet...

New Chip Fit for Driverless Cars Launched by U.K.’s Chip Designer ARM

With aim of securing its place at the heart of the burgeoning driverless vehicles industry, a new processor chip that is aimed to be used for driverless cars, was launched on Tuesday by  ARM, the British chip designer that is powering the global mobile phone industry with its chips.  ...

Indonesian Government Officials Claim Google may Face Over $400 Million in Tax Bill for 2015

If Alphabet Inc's Google is found to have avoided payments, the search giant could face a bill of more than $400 million for 2015 alone in Indonesia as the government there plans to pursue the company for five years of back taxes, reports Reuters citing a senior tax official.   Its...

$14 Billion Demand from U.S. Authorities to be Fought by Deutsche Bank

The $14 billion bill demand, a shock bill that raises questions about the future of Germany's largest lender would be fought by Deutsche Bank, the bank said. The demand for the fine was made  from the U.S. Department of Justice to settle claims the bank missold mortgage-backed securities....
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