(Bloomberg) -- Oracle Corp. unveiled an operating system that runs without the need for human oversight, part of a raft of new software tools meant to ease the company’s rocky transition to cloud computing.The operating system expands Oracle’s line of autonomous products beyond dRead more »
(Bloomberg) -- Facebook Inc. is once again defending Libra -- this time against fears that the envisioned cryptocurrency could replace sovereign currencies from the U.S. dollar to the Euro and threaten central banks’ control over money creation.David Marcus, the executive leading the project, posted
(Bloomberg) -- Terry Gou, the billionaire founder of Foxconn Technology Group, pulled out of next year’s presidential election in Taiwan, a move that may help unite the opposition Kuomintang party.Gou apologized to his supporters in a statement on Facebook Tuesday outlining his decision to withdraw from
(Bloomberg) -- WeWork signaled a delay to its much-awaited initial public offering, saying it expects to complete the listing by the end of this year as concerns doubts mount over the company’s valuation and business prospects. “The We Company is looking forward to our upcoming IPO, which we expect to
A good chain saw lets you clear brush, down limbs and small trees, and prep firewood—without breaking a sweat. Mechanically, these are simple tools: They're essentially comprised of an engine or ...
With identity theft continuing to pose a major threat to consumers, most experts advise putting a credit freeze on your accounts to prevent fraud. No question, a freeze can go a long way toward p...
(Bloomberg) -- Sign up for Next China, a weekly email on where the nation stands now and where it's going next.For decades, NetEase Inc. has been the perennial runner-up to the likes of Tencent Holdings Ltd. in China’s evolving internet landscape. Now it’s betting on a bookish computer scientist
In a major storm's aftermath, how you deal with your homeowners and flood insurers can have a major impact on how easily you get your life back. Do the insurance claims process properly—have the ...
(Bloomberg) -- The message to Adam Neumann was clear: You’re not Zuckerberg.Over the past month, as Neumann’s grandiose plans for We Co. started to fray, bankers began warning that he would have to loosen his iron grip on the company.The old era of Mark Zuckerburg was over, WeWork executives would soon
(Bloomberg) -- The biggest backers of SoftBank Group Corp.’s gargantuan Vision Fund are reconsidering how much to commit to its next investment vehicle as an oversized bet on flexible workspace provider WeWork sours.Saudi Arabia’s Public Investment Fund, which contributed $45 billion to the $100 billion
(Bloomberg) -- In IBM’s vision of cloud computing, Amazon.com Inc. and Microsoft Corp. will be allies rather than rivals.Chief Executive Officer Ginni Rometty is betting on the hybrid cloud, which lets IBM offer services on corporate customers’ cloud-based servers as well as on third-party clouds operated
Let’s be honest: Waffles may be delicious, but they aren’t exactly good for you. They’re usually made with ingredients that nutritionists say to limit, such as white flour, butter, and lots of su...
(Bloomberg) -- One of Patrick Byrne’s last acts at Overstock.com Inc. is making life difficult for the short sellers he was forever battling.Shares of the online merchant are on a tear, up about 60% in two weeks. The rally coincides with a flurry of short covering that comes a week before the record
(Bloomberg) -- They’re longer than classics like Henry David Thoreau’s “Walden” and modern hits like J.K. Rowling’s “Harry Potter and the Prisoner of Azkaban” but nowhere nearly as engaging.Yet each week, American state and local governments crank out the doorstops by the dozens, creating a dismal stack
(Bloomberg) -- Apple Inc. fights the world’s biggest tax case in a quiet courtroom this week, trying to rein in the European Union’s powerful antitrust chief ahead of a potential new crackdown on internet giants.The iPhone maker can tell the EU General Court in Luxembourg that it’s the world’s biggest
(Bloomberg) -- Osram Licht AG recommended a 3.7 billion-euro ($4.1 billion) takeover bid from AMS AG on the basis of price, risking a backlash from labor groups worried about potential job cuts that may come with the deal.The terms of AMS’s 38.50 euro-a share proposal eclipse Osram’s lingering concerns
(Bloomberg) -- Prosus NV, which listed in Amsterdam just last week, is splitting opinion among the first investment banks to cover the stock.While Jefferies rates the Naspers Ltd. tech-investments unit underperform, Bank of America Merrill Lynch recommends that investors buy the stock.Jefferies began
(Bloomberg) -- Qualcomm Inc. paid $1.15 billion to buy the rest of a partnership it had with Japan’s TDK Corp. The deal will help Qualcomm sell more chips for smartphones supporting the latest 5G wireless standard, the U.S. company said.The two firms set up their RF360 Holdings partnership in 2016 to
(Bloomberg) -- The We Co. roadshow is set to begin this week, perhaps as soon as today. Such corporate processionals through the ranks of blue-blooded Wall Street institutions are usually a triumph for buoyant, young companies. WeWork’s roadshow, on the other hand, will likely more closely resemble Cersei
Generators typically fall into one of two categories: those designed to provide emergency power after an outage and those that you’d take to a tailgate or campsite to run a few lights, play some ...
(Bloomberg) -- Andre Esteves once joked that Banco BTG Pactual SA, the Latin American investment bank powerhouse he helped create, would one day become “better than Goldman” -- a play on the firm’s name.Now, BTG is chasing Goldman Sachs Group Inc. down another path, looking to build a digital retail
(Bloomberg) -- PJT Partners Inc. has hired Bank of America Corp. dealmaker Antonin Baladi to build up its European technology, media and telecommunications investment banking business, people familiar with the matter said.The London-based banker is joining PJT in a senior role, the people said, asking
(Bloomberg) -- Vertex Growth Fund, the youngest of a family of technology investment vehicles backed by Temasek Holdings Pte, has raised more money than initially targeted for its inaugural fund.The Singapore-based firm said it has closed the fund at $290 million, exceeding its goal of $250 million.