Company News

Ola gears up to overtake Uber by announcing plans to cover 200 Indian cities in 2015

Ola gears up to overtake Uber by announcing plans to cover 200 Indian cities in 2015Washington, Jan 15 - Web-based taxi service Ola, which currently operates in nearly 50 Indian cities, has reportedly announced its plan to expand to 200 cities in India by the end of this year.

The announcement followed SoftBank's 210 million dollar investment in the startup last year that pushed its value to 1 billion dollars. Ola was present in 19 cities in October when the deal took place and it has now expanded to 40 new locations including, tier-two and three cities, in the past five months, reported TechCrunch.

Indian restaurant search company Zomato acquires Urbanspoon for 50 million dollars

ZomatoWashington, Jan 13 - Indian restaurant search and discovery company Zomato has announced that it has acquired a restaurant search site Urbanspoon for 50 million dollars that has granted the company entrance into the United States and Australia .

According to CNN, the deal is expected to double the network's traffic on its website from 35 million to 80 million visitors per month.

The company's restaurant inventory will triple from 3,00,000 to one million listings.

Zomato already has strong footholds in Asia, South America and Europe.

Zomato gathers information on restaurants from hours of operation to directions, menus, reviews and ratings.

Sony's salary leaks have made contract negotiations nearly impossible

Sony's salary leaks have made contract negotiations nearly impossibleWashington - Sony's salary leak has caused an immense amount of chaos in negotiating contracts with stars and suits , it has been reported.

Sources revealed that some executives are furious at the bonus structure they got, because they believed they were top of the heap when they weren't, TMZ. com reported.

Some contracts have already come up for renewal and Sony has been getting nailed to the wall, sources further added.

Same principle applies to movie and TV stars, who now have comps to use against the studio.

Baidu confirms investment in 'under fire' Uber

Baidu confirms investment in 'under fire' Uber Washington, Dec 18 - Chinese company Baidu has confirmed that it will be investing in "under fire" taxi firm Uber.

According to CNET, the Baidu integration could dramatically boost Uber's standing in China, where it currently operates in nine cities.

The companies confirmed that Baidu has signed a deal with Uber following which the China -based company's mapping and mobile-search applications will be integrated with Uber.

The collaboration will help people book cabs with much more ease.

However, the company did not disclose the amount of the investment. (ANI)

Apple smartwatch unlikely to be launched before spring 2015

Apple smartwatch unlikely to be launched before spring 2015Washington, Nov 04 - Apple retail senior vice president Angela Ahrendts with the former head of Burberry reportedly confirmed that Apple's smartwatch will not be launched until March 20 next year.

Apple CEO Tim Cook earlier said that tech enthusiasts will use it so much that they will end up charging it daily. However, his statement had fuelled speculations about the gadget's battery life as it has been a key concern for the company ever since the watch was unveiled on September 9.

Apple stocks fell slightly after iPhone 6 launch event

Apple stocks fell slightly after iPhone 6 launch eventWashington, Sep 10 : Apple stock reportedly fell after the start of the Apple launch event, which introduced iPhone 6, iPhone 6 Plus, and the Apple Watch.

At the end of the event , Apple stocks were trading at 97.99 dollars, which was 0.38 percent down for the day.

At the start of Apple's announcement, the stock price was up more than 2 percent. The day's action followed a run up of about 27 percent of the company's stock price over the past six months. Throughout the announcement, there were some small gyrations in the stock price, the Mashable reported.

Apple denies iCloud breach behind celeb accounts being hacked

Apple denies iCloud breach behind celeb accounts being hackedWashington, Sept 3 - Apple has admitted that hackers breached into celeb accounts, but denied that their iCloud system wasn't breached.

The company said that thieves stole celebrity photos from Apple accounts by targeting individuals, rather than by breaking into the company's infrastructure, Washington Times reported.

According to the official statement, after more than 40 hours of investigation, they found that certain celebrity accounts were compromised by a very targeted attack on user names, passwords and security questions, a practice that has become all too common on the Internet.

After Google, Yahoo set to bring end-to-end encrypted emails by 2015

yahooWashington, Aug 8 - Yahoo Chief Information security officer Alex Stamos announced on Thursday that users will soon have the option to send end-to-end encrypted emails next year, enabled via a browser plugin.

The encryption would allow users to send each other emails with the content scrambled, unreadable to anyone but the sender and the receiver.

Yahoo will bootstrap its own plugin by modifying Google's code, and the two services will be compatible, the Mashable reported.

Earlier, Google also announced its plans to roll out a Chrome browser extension to let people encrypt their emails.

These moves come following Edward Snowden's revelations of widespread Internet surveillance. (ANI)

CEO Marissa Mayer disappointed with Yahoo's Q2 results

CEO Marissa Mayer disappointed with Yahoo's Q2 resultsWashington, July 16 - Yahoo CEO Marissa Mayer is disappointed with the three percent fall in revenue in second quarter.

Yahoo's revenue saw a three percent drop to 1.04 billion during the second quarter, which is lower than analysts' expectation of 1.08 billion,

Mayer said on Tuesday that the company's top priority is revenue growth and by that measure, the company is not satisfied with Q2 results.

She added that in Q2, company saw display revenue decline, and need to work faster faster to ameliorate the negative trends.

Yahoo's adjusted earnings also fell just short of Wall Street's estimates at 37 cents per share.

BNP Paribas to pay a record $8.97 bn in penalties to US

BNP Paribas to pay a record $8.97 bn in penalties to USNew York: France's largest bank BNP Paribas will pay a record USD 8.97 billion in penalties to settle charges that it "knowingly and willfully" processed transactions worth billions of dollars on behalf of Cuban, Sudanese and Iranian entities that had been blacklisted.

BNP Paribas, the global financial institution headquartered in Paris, agreed to enter a guilty plea to conspiring to violate the International Emergency- Economic Powers Act (IEEPA) and the Trading with the Enemy Act (TWEA), the first time a global bank has agreed to plead guilty to large-scale, systematic violations of US economic sanctions.

Apple slammed with lawsuit over disappearing iMessage texts

Apple slammed with lawsuit over disappearing iMessage textsWashington, May 18 : Apple has been sued with a lawsuit over disappearing iMessage texts that have been kept from arriving on Android owners' handsets after they have removed iOS .

The issue began when former iPhone users who have switched to Google's Android mobile operating system stopped receiving texts without notifying either party.

According to Cnet, the issue appears to be on device level, meaning each and every current iPhone user's device may think a new Android user is still using an Apple handset. Not only is the text then lost forever but Apple has provided no concrete solution to prevent it from happening.

Samsung offers compensation apologizing for death of chip workers

Samsung offers compensation apologizing for death of chip workersWashington, May 15 - Samsung Electronics Co has apologized and offered compensation to the chip factory workers who were afflicted with cancer due to raw chemical exposure.

It was seen as a rare win for the families of the workers and the activists who held the company accountable for the death of a 23-year old worker seven years ago.

Sony expects $489M loss this fiscal

SonyWashington, May 15 - Sony is expecting a 489 million dollars loss this year, the Japanese tech giant has warned.

The company said it would spend money restructuring its business this year.

According to CNET, the PlayStation-maker, which is one of the biggest tech companies in the world, has seen its profits fall in recent years by competitors such as Samsung and Apple.

Sony said it expects to post of a loss of 50 billion yen, roughly 489.5 million dollars, in the current fiscal year.

Sony's CFO Kenichiro Yoshida said the company would make this a year of biting the bullet on restructuring.

Facebook gets FTC approval to acquire Oculus VR

Facebook Washington, Apr 24 - The U. S. Federal Trade Commission has given Facebook the permission to acquire Oculus VR.

Oculus VR is a virtual reality technology company which makes head-mounted display for immersive virtual reality (VR).

According to Mashable, on March 25, Facebook announced that it had entered into an agreement to acquire Oculus, a virtual reality startup, for $2 billion in cash and stock.

A Facebook representative said that they are pleased that FTC has cleared their acquisition of Oculus. (ANI)

Samsung working on a stand-alone smartwatch: Rumor

Samsung working on a stand-alone smartwatch: RumorWashington, Apr 9 : Samsung is reportedly adding a new product to its wrist worn gadget list.

According to Greenbot, if rumours are to be believed Samsung is working on a wrist gadget with integrated SIM and will allow users to make and receive calls without pairing it to any other mobile device.

This watch will work independently and will be a different device altogether.

Samsung has filed a patent for the Gear Solo name though there is no information whether this will be the name of the device, if launched.(ANI)

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