After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Technology firm agrees $2bn acquisition to create merged company with $2.5bn revenue April 15, 2016 Mitel has agreed a $1.96bn (£1.38bn) deal to acquire fellow technology company Polycom. The deal would create a merged company with $2.5bn revenue and 7,700 employees. Under the terms of the agreement, Polycom investors would be entitled to $3.12 and 1.31 Mitel common shares for each of their shares. Read more: China and Silicon Valley to keep [...]
Michael Saunders to replace Martin Weale on the Bank of England’s MPC April 15, 2016 Veteran Citibank economist Michael Saunders will replace Martin Weale on the Bank of England's rate-setting committee. Saunders will step into Weale's role as an "external member" on the nine-strong panel when he leaves the central bank on 9 August. Read more: Bankers, meet your new boss Saunders recently said he thinks that the inflation rate could start to creep up soon. [...]
Citigroup profits plunge 27 per cent in first quarter, but earnings per share and revenue beat expectations April 15, 2016 Citigroup's profits and revenue plunged in the first quarter of 2016, but the bank performed ahead of expectations. The figures The US bank reported a profit of $3.5bn (£2.5bn), down from $4.8bn in the first quarter of 2015. The company's revenue during the period was $17.56bn, down 11 per cent from $19.7bn. Its investment banking revenues for [...]
Mitel-Polycom merger April 15, 2016 Mitel has agreed a $1.96bn (£1.38bn) deal to acquire fellow technology company Polycom. Under the agreement, which would create a merged company with $2.5bn revenue and 7,700 employees, Polycom investors will be entited to $3.12 and 1.31 Mitel common shares for each of their shares. The transaction is expected to close in the third quarter [...]
What life is really like as an ethical hacker at one of the world’s biggest tech companies April 15, 2016 Charles Henderson gets paid to think like a bad guy. As an ethical hacker for IBM, Henderson's job is to break into networks, applications, or physical locations to figure out how a real attacker would go about their work, exposing flaws and the impact those flaws might have on an organization's security. Given the increase [...]
The rumours are true: Apple only expects its devices to last a few years April 15, 2016 Splashing £500-odd on a new iPhone every few years might seem like a bit of an ask – but at least if you're buying an Apple device, you know it's going to last, right? Wrong. Today the company published new information on how it deals with old devices – and revealed that iPhones are built to die [...]
Five arrested over terror-related activities – including one man at Gatwick Airport April 15, 2016 Five people have been arrested on suspicion of terror-related activities – including one man who was at Gatwick Airport at the time. West Midlands police said this morning four people – three men aged 26, 40 and 59 and a 29-year old woman – were arrested in Birmingham last night, while a fifth person – [...]
North Korea tries another missile test – and it fails April 15, 2016 North Korea's military muscle-flexing is failing to impress its international rivals, after US and South Korean officials said today that the would-be nuclear superpower has tried another missile test – and failed. The rocket launch – which took place on the 104th birthday of North Korea's founding leader, Kim Il-sung – was the country's first test of [...]
EU referendum uncertainty blamed for weakened construction industry figures for February April 15, 2016 The UK construction industry is the latest victim of the EU referendum. That's according to IHS Global Insight, which has linked Brexit uncertainty to weakened figures for the industry in February. Output during the month dropped by an estimated 0.3 per cent compared with January, which itself was down 0.4 per cent on December. Read [...]