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Qualcomm Tax Move Will Save Firm $570 Million

WSJ - Thu, 01/31/2019 - 04:28
The California-based semiconductor maker will reduce its exposure to new tax-code provisions by reclassifying some foreign units as domestic branches of its U.S. business.

Apple Engineer Stole Material on Autonomous Vehicles, FBI Alleges

WSJ - Thu, 01/31/2019 - 04:04
An Apple Inc. engineer allegedly stole intellectual property related to the company’s autonomous-vehicle program and sought work at a China-based competitor, according to federal law-enforcement officials.

New York Opens Investigation Into Apple FaceTime Bug

WSJ - Thu, 01/31/2019 - 04:00
New York state launched a probe into Apple’s response to a bug in its FaceTime video-chat system that allowed callers to eavesdrop on others using the technology giant’s devices, deepening the scrutiny of a security setback that has undermined the company’s privacy position.

Lyft, Juno Sue NYC Over Driver Minimum Wage Law

WSJ - Thu, 01/31/2019 - 03:01
Ride-hailing companies Lyft and Juno sued the New York City Taxi and Limousine Commission in an effort to stall new minimum-wage requirements for the services’ drivers from taking effect later this week.

Amazon Seizes TV's Biggest Stage, After Shunning Mass-Market Ads

WSJ - Thu, 01/31/2019 - 02:59
Technology companies that championed the rise of digital advertising and have long eschewed TV are finding the medium’s mass appeal hard to resist—including during Super Bowl, the priciest night to advertise on TV.

AT&T Wants to Be Big in Entertainment. First, It Has a $49 Billion Problem to Fix.

WSJ - Thu, 01/31/2019 - 02:09
The telecom giant is attempting to expand its footprint in a media industry currently in a state of flux. But since acquiring DirecTV in 2015, the satellite pay-TV service has become a drag on AT&T’s business and public image.

Alibaba's Revenue Jumps Despite China Slowdown

WSJ - Wed, 01/30/2019 - 21:53
Alibaba posted its slowest quarterly revenue growth in nearly three years, prompting executives to try to dispel market concerns that the e-commerce giant is being hit by China’s economic slowdown.

EBay to Pay Its First-Ever Dividend

WSJ - Wed, 01/30/2019 - 13:46
EBay said it would pay a 14-cent dividend in March, its first ever, as the company faces pressure from hedge-fund investors to improve shareholder returns.

Apple's Revenue and Profit Drop: 'The iPhone Has Matured'

WSJ - Wed, 01/30/2019 - 10:07
Apple Inc. posted a quarterly decline in both revenue and profit, the first time in more than a decade for the December quarter, underlining its need to reignite slowing iPhone sales and get more growth from services.

Amazon, Facebook and Walmart Need to Watch Their Backs in India

WSJ - Wed, 01/30/2019 - 09:37
India has plans to continue tightening restrictions on Amazon, Walmart, Facebook and other foreign firms that have come to dominate the country’s internet economy. A “national champion” policy will encourage the rise of domestic companies.

Apple Bug Enables Eavesdropping on FaceTime Users

WSJ - Wed, 01/30/2019 - 08:44
Apple scrambled to fix a bug in its FaceTime video-chat system that lets callers eavesdrop on users of iPhones, iPads, and Macs, an embarrassing setback for a company that has touted its commitment to privacy.

U.S. Suit Against Qualcomm Over Patent Tactics Reaches Endgame

WSJ - Wed, 01/30/2019 - 05:51
Closing arguments are taking place in the government’s suit against Qualcomm over patent licensing, the final stage in a trial that could upend a business model vital to the chip maker in the smartphone era.

Motorists Can Now Access Waze App Directions in New York Tunnels

WSJ - Wed, 01/30/2019 - 05:32
Drivers using major tunnels into and out of New York City will be able to access Waze app directions beginning Tuesday, thanks to an army of Bluetooth-connected devices newly installed in the tunnels as in about a dozen other big cities.

Uber Wants You to Catch the Bus or Train---if They Can Drive You There

WSJ - Wed, 01/30/2019 - 04:55
Fresh from disrupting the taxi industry and leaping into food delivery, Uber is devising a new business strategy ahead of its anticipated public offering: ferrying passengers to and from mass-transit systems.

Teenager and His Mom Tried to Warn Apple of FaceTime Bug

WSJ - Wed, 01/30/2019 - 04:41
A 14-year-old and his mother tried to alert Apple that they could listen in on the devices of others using FaceTime’s group-chat function—but Apple didn’t disable the software feature until word of the glitch spread on social media.

The U.S. Case Against Huawei

WSJ - Wed, 01/30/2019 - 03:38
Two separate U.S. indictments form the basis of 23 criminal charges alleging Huawei violated sanctions and stole intellectual property. Huawei denied them all.

GameStop Ends Search for a Buyer, Shares Plunge

WSJ - Wed, 01/30/2019 - 03:00
GameStop has ended plans to sell itself after being in talks with prospective buyers for several months, prompting investors who had been betting on a deal to sell off shares.

Verizon's Profit Stung by Oath Restructuring

WSJ - Wed, 01/30/2019 - 01:52
Verizon’s core wireless business continues to add customers in the crowded U.S. market, but quarterly profit was hit by charges related to a restructuring at the company’s struggling media business.

3M Lowers Profit Outlook for 2019

WSJ - Wed, 01/30/2019 - 00:50
3M lowered its profit outlook for this year, becoming the latest company to flag slowing sales in China. The maker of Post-it Notes, however, beat revenue and profit expectations in the latest quarter.

German Software Giant SAP's Restructuring Will Affect 4,400 Jobs

WSJ - Wed, 01/30/2019 - 00:10
SAP said it will restructure for the first time in four years, continuing its shift toward cloud-based computing and about 4,400 employees will be affected.