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- Bloomberg•41 minutes ago
Glossier Is NYC's Newest Unicorn With $1.2 Billion Valuation
The beauty startup that sells directly to consumers online is now valued at more than $1.2 billion after its latest funding round, according to two people familiar with the company who didn’t want to be named because the matter is private. Glossier products are sent to consumers in baby pink boxes along
- Bloomberg•2 hours ago
Facebook Pledges to Block Discriminatory Advertising
“Getting this right is deeply important to me and all of us at Facebook,” Sheryl Sandberg, the company’s chief operating officer, said in a blog post to be published Tuesday. The social media platform called the settlement “historic” and expressed gratitude to the National Fair Housing Alliance and
Yahoo Finance•2 hours agoGoogle unveils Stadia video game streaming service
Google has debuted its new Stadia game streaming service.
- Bloomberg•3 hours ago
Big Norwegian Aluminum Producer Suffers Extensive Cyber Attack
Norsk Hydro ASA, one of the world’s biggest aluminum producers, suffered production outages after a cyber attack affected operations across Europe and the U.S. Aluminum futures on the London Metal Exchange rose in line with other metals.
- Bloomberg•5 hours ago
Norsk Hydro Ransomware Attack Is ‘Severe’ But All Too Common
The Norwegian company, one of the world’s biggest aluminum producers, called the situation “quite severe,” and said it was still working to contain the effects. A rogue agent will take advantage of malicious software present on a company’s computer systems to render the devices useless -- unless, of
- Bloomberg•5 hours ago
Anonymous Twitter Account Surges in Followers After Devin Nunes Lawsuit
The move had an immediate effect: One of the accounts gained more than 60,000 followers. The complaint claims a Republican political strategist named Liz Mair fueled a campaign targeting Nunes as well as two anonymous accounts, @DevinNunesMom, which has now been suspended, and @DevinCow. Nunes also
- Bloomberg•6 hours ago
FIS, Worldpay Slide Post-Deal as Wall Street Downgrades
Several analysts cut their recommendations on Worldpay, including BMO, Cowen, KeyBanc, KBW, and Mizuho. With a market cap of about $70 billion, FIS-plus-Worldpay will be one of the largest global payments players, trailing only Visa Inc., Mastercard Inc., PayPal Holdings Inc., and American Express Co
- Bloomberg•6 hours ago
Apple Rolls Out First Update to iMac Desktop in Almost Two Years
The latest iMac adds speedier processors from Intel Corp. and new graphics engines from AMD. The new 4K 21.5-inch models are up to 60 percent faster with 8th-generation quad-core chips, while the 5K 27-inch versions are up to 2.4 times faster with 9th-generation eight-core Intel processors, Apple said
- Bloomberg•6 hours ago
Tesla Plant Sees 195% Surge in Time Off Due to Injuries
Staff at the automaker’s lone assembly plant in Fremont, California, spent almost three times as many days off the job because of work-related injuries and illness in 2018 as the year before, an indication of just how much strain they were under as they manufactured electric cars at scale for the first
- Bloomberg•7 hours ago
Blockchain Firm Once Run by Blythe Masters Names Yuval Rooz CEO
Rooz, one of the venture’s co-founders, has been finance chief and more recently was chief operating officer, the company said Tuesday in announcing his promotion. Digital Asset is among a group of startups trying to apply blockchain, the distributed ledger technology underlying Bitcoin, to financial
- Bloomberg•7 hours ago
Snapchat Owner Says It May Tighten Controls on Underage Users
Snap Inc.’s Stephen Collins told a committee of senior policymakers he had met on Monday with a U.K. working group trying to solve the issue and that the “most sustainable solution” was some kind of central verification system. “I think it’s a serious attempt to come to a proper, fitting conclusion
- Bloomberg•7 hours ago
U.K. Video Game Companies Shooting the Lights Out in 2019
Team17 Group Plc reported an almost 50 percent year-on-year growth in revenue Tuesday, and is now targeting potential acquisitions. “We’re in a very exciting industry, and it’s no secret growth in the games industry is phenomenal,” Team17 Chief Executive Officer Debbie Bestwick said in an interview,
- Bloomberg•8 hours ago
An Indian Software Firm Calls $480 Million Hostile Bid a ‘Grave Threat’
Larsen & Toubro Ltd., Asia’s second-largest engineering firm by value, agreed to buy 20.3 percent of Mindtree Ltd. for about 32.7 billion rupees ($480 million) and plans to acquire a controlling stake for as much as 107.3 billion rupees. V.G. Siddhartha, the largest shareholder in Mindtree through Coffee
- Bloomberg•9 hours ago
Tencent to Clear Out 10% of Managers to Make Room for New Blood
President Martin Lau told an internal meeting late last year that its lowest-performing general managers will need to leave the company or be demoted, mainly because not much staff-pruning has occurred in the past, the people said, asking not to be identified talking about a private matter. Tencent
- Bloomberg•10 hours ago
Cisco Is Using AI to Make Conference Calls More Productive
The improvements mark the first integration of features from Cisco’s acquisition last year of business intelligence startup Accompany. Amy Chang, the founder of Accompany, now heads Cisco’s collaboration unit and is trying to add momentum to Chief Executive Officer Chuck Robbin’s push to generate more
- Bloomberg•11 hours ago
Someone Else Is Making Money on Your Online Returns
With merchandise she bought from Bulq.com, a new online business that sorts and repackages returned items into boxes and pallets, she listed still-new items on her Amazon.com. Inc. marketplace account and sold others through EBay. Franciscovich is one of hundreds of thousands of users of new resale
- Bloomberg•11 hours ago
Hyundai Signs Deal With Russia's Yandex for Autonomous Cars
Carmakers and tech companies are racing to rollout self-driving cars. The first stage of the joint venture between Yandex and Hyundai Mobis Co., the de-facto holding company of the Korean group, will see the two companies working on developing a prototype driverless car, the Russian technology firm
- Bloomberg•11 hours ago
U.K. to Review 184-Year-Old Law That Bans E-Scooters
The government said Tuesday that it wanted to start the process of modernizing existing legislation, which was proving to be a barrier to innovation, and will offer 90 million pounds ($119 million) of funding for mobility trials. “We are at a potentially pivotal moment for the future of transport, with
- Bloomberg•15 hours ago
Facebook Told to Face Up to Extremism After New Zealand Attack
Australia’s prime minister has urged the Group of 20 nations to use a meeting in June to discuss a crack down, while New Zealand media reported the nation’s biggest banks have pulled their advertising from Facebook and Google. “We cannot simply sit back and accept that these platforms just exist and
- Bloomberg•15 hours ago
Mukesh Ambani Bails Younger Brother Anil Out of Jail Trouble
The embattled former billionaire, Anil Ambani, thanked his brother Mukesh and sister-in-law after Anil’s Reliance Communications Ltd. completed the required 5.5 billion rupee ($80 million) payment to a local unit of Ericsson AB for past maintenance services provided to his group. Repeated failures to
- Bloomberg•16 hours ago
Ola Raises $300 Million to Step Up Battle With Uber in India
The deal values Ola at about $6 billion, said a person familiar with the matter, asking not to be named because the figures are private. Last month, Ola announced an investment of more than $90 million from Sachin Bansal, co-founder of local e-commerce pioneer Flipkart Online Services Pvt.
