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  • Spotify, Hulu target students with discounted bundle

    UNITED STATES, 2017/09/08 U.S. college students can buy Spotify Premium music streaming and Hulu TV streaming for a combined, deeply discounted $4.99 per month, in a new student subscription bundle the companies announced on Thursday to lure younger consumers. The entertainment bundle, $13 cheaper than the regular combined price, is the new effort in the industry to gain young millennial customers, who favor inexpensive online streaming and listening.

  • Equifax says hack potentially exposed details of 143 million consumers

    CANADA, 2017/09/08 Equifax Inc (EFX.N), a provider of consumer credit scores, said personal details of as a lot of as 143 million U.S. consumers were accessed by hackers between mid-May and July, in what could be one of the major data breaches in the United States. The company’s shares were down 8.7 % at $134.16 in next-market trading on Thursday. The details accessed included names, social security numbers, and, in some cases, driver’s license numbers, Equifax said.

  • Qualcomm's profit slumps amid Apple battle

    UNITED STATES, 2017/07/20 Qualcomm Inc (QCOM.O) reported a 40 % slump in quarterly profit as its escalating patent battle with Apple Inc (AAPL.O) took a toll on its business. Shares of the company were down 2.3 % at $55.40 next the bell on Wednesday. The chipmaker said its results took a hit as Apple's arrangement manufacturers did not pay royalties due on sales of Apple products. There has been long-running tension between the company and the iPhone maker over Qualcomm's practice of taking a cut of the total price of the phone in exchange for modem chips, which connect phones to wireless networks.

  • Brazil's oil company Petrobras to sell assets in Paraguay

    BRAZIL, 2017/07/10 Brazil's national-owned oil company Petrobras announced Friday it will sell all its assets in Paraguay, as part of its plan to divest assets worth 21 billion U.S. dollars in 2017 and 2018 to try to lower its high deficit. In a statement, Petrobras said it would sell its shares in the following subsidiaries, Petrobras Paraguay distribution Limited, Petrobras Paraguay Operaciones y Logistica SRL and Petrobras Paraguay Gas SRL.

  • WestJet To Buy Up To 20 Dreamliners For Long Routes From Canada

    CANADA, 2017/05/03 WestJet AirLine Ltd. (WJA.TO) said it has signed a definitive purchase agreement with Boeing Co. (BA) for up to 20 Boeing 787-9 Dreamliner aircraft. The purchase of the fuel-efficient aircraft will enable the Canadian airline to expand its international presence. The agreement includes commitments for 10 Boeing 787-9 aircraft to be delivered between the initial quarter of 2019 and December 2021. The airline as well has options to buy an additional 10 aircraft to be delivered between 2020 and 2024. Further, WestJet said it has selected General Electric's GEnx-1B engine for the 787.

  • Israel's Meir Brand Appointed Google VP

    UNITED STATES, 2016/11/02 Director of Google Israel since 2005 wins a top job in the world firm, CEO Sundar Pichai announced in an email sent out to employees. Meir Brand, CEO of Google Israel since 2005, was promoted last week to the role of vice president of the giant multinational technology firm.

  • SABMiller sales hurt by economic volatility in Africa

    UNITED STATES, 2016/07/22 Brewer SABMiller (SAB.L), in the process of being bought by Anheuser-Busch InBev (ABI.BR), reported lower quarterly revenue on Thursday, hurt by tough conditions in some African markets. The maker of beers such as Castle Lager, Peroni and Grolsch said group net revenue fell 4 % in its initial quarter, ended June 30, with volume flat. Excluding the impact of acquisitions, disposals and currency fluctuations, revenue rose 2 % as gains in Europe, South Africa and Latin America offset additional challenging conditions in other African markets, where volume was hurt by economic volatility and tough conditions.

  • VW says US 'Dieselgate' settlement not to be replicated in Europe

    GERMANY, 2016/07/04 Volkswagen's CEO has rejected calls for the carmaker to compensate customers in Europe over the 'Dieselgate' emissions scandal along the lines of its $15-billion transaction in the US, telling a German newspaper a similar settlement would be inappropriate and unaffordable. Europe's Industry Commissioner Elzbieta Bienkowska last week called on Volkswagen to as well compensate European owners of its diesel-powered cars, saying it would be unfair for them to be treated differently from US customers just because of a different legal system.

  • Harkand: Management buyout saves US and African businesses

    UNITED STATES, 2016/05/11 A team of former Harkand executives have agreed a management buyout of the defunct oilfield services firm’s US and African businesses – giving hope that 100 jobs can be saved. The team led by AJ Jain, Harkand North America managing director, has agreed a transaction with administrators Deloitte to acquire the North American and African business.

  • Yahoo To Alert Users Of Suspected State-sponsored Hacking Attacks

    UNITED STATES, 2015/12/26 Yahoo Inc. (YHOO) said it will presently alert its users if it "strongly suspects" their accounts have been targeted by national-sponsored actors. The Internet giant becomes the new tech company to say it will alert users of national-sponsored attacks, showing the increasing focus of companies on cyber security. Yahoo's Chief Data Security Officer Bob Lord said the company will provide specific notifications to enable targeted users to take steps to protect their accounts and devices from sophisticated attacks. However, Yahoo stressed that just because users are notified of a potential national-sponsored attack, it does not necessarily mean the account has been compromised.
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