Category: Business

Business
T-Mobile says it will not stop claiming its network is faster than Verizon’s

T-Mobile says it will continue to claim it has the country’s fastest LTE network even after the National Advertising Division, a telecom industry watchdog group, “recommended” that it stop doing so in print, TV, and web advertisements. “NAD previously recognized third-party crowd-sourced data as a way to look at network performance, so we looked at the […]

Business
Microsoft to shutter its Groove Music service and migrate users to Spotify

Microsoft officials have decided to discontinue the Microsoft Groove Music Pass subscription service and migrate existing customers of it to Spotify. Groove Music Pass — the Microsoft streaming music service formerly known as Zune Music, and later, Xbox Music before being rebranded to “Groove Music” in 2015 — is one of Microsoft’s few purely consumer-focused cloud services. Microsoft will […]

Business
Couple charged with swindling Amazon out of $1.2m in electronics

A couple in Muncie have admitted to stealing over $1.2 million in merchandise from Amazon. As reported by The Star Press, Erin Joseph Finan and Leah Jeanette Finan, 38 and 37-years-old respectively, recently pleaded guilty to the theft in front of a judge at the US District Court in Indianapolis. The Finans purchased countless items from […]

Business
OMERS buys landmark Berlin property Sony Center for 1.1 billion euros

Canadian pension fund OMERS and U.S. buyout group Madison (MCN.N) are acquiring Berlin’s landmark property. Sony Center from Korea’s national pension fund NPS for 1.1 billion euros ($1.3 billion), the companies said on Monday. The eight buildings at Berlin’s central square Potsdamer Platz include BahnTower, the headquarters of national railway company Deutsche Bahn [DBN.UL], as […]

Business
Equifax Has Amassed Salary Details for People at 7,100 Companies

Equifax Has Amassed Salary Details for People at 7,100 Companies Inside the U.S. credit-reporting firm is a warehouse of corporate secrets like none other — a database tracking the careers and earnings of bankers, technology workers and other personnel across the country. Even after Equifax failed to prevent hackers from tapping a separate trove of […]

Business
Starbucks, Google Assailed by Investors Over Gender Policies

Investors focused on social issues are finding that trickle-down diversity doesn’t work. For years, they surmised that having enough women on boards and in senior management would produce fairer policies. Now investors are changing tactics, saying it’s not enough and that employers also need to implement gender-pay equity and paid-leave policies that attract and retain […]

Business
Roku’s IPO values the company at $2 billion

Roku completed a public offering this morning, raising $252 million in an IPO that valued the company at $2 billion. It will trade on the NASDAQ exchange under the ticker symbol ROKU. The company makes streaming sticks that allow you to watch streaming video on your television. It also makes software that is baked right […]

Business
Google is building a smart screen competitor to Amazon’s Echo Show

Multiple sources tell TechCrunch that Google is building a tabletop smart screen for video calling and more that will compete with Amazon’s Echo Show. The device could help Google keep up in the race for the smart home market after Amazon just revealed a slew of new Echos and as Facebook continues to work on […]

Business
BlackBerry, yes BlackBerry, is making a comeback as a software company

When you think about dead companies walking, BlackBerry was clearly one that came to mind, but under the leadership of CEO John Chen, the company is actually making a comeback as a software company focused on security, and it’s latest quarterly earnings report suggests the pivot is working splendidly. The company reported revenue of $249 million, which shattered analyst’s […]

Business
Cloudflare launches Stream video service

Cloudflare announced Wednesday that it’s officially entering the video streaming market with the launch of Cloudflare Stream. As its name suggests, Stream is a service for hosting and streaming video online. The San Francisco, Calif.-based networking and website protection company said the new platform is part of an effort “to fix both the technical and […]

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