Companies


    • Microsoft becomes 2nd-most valuable US company

      Microsoft becomes 2nd-most valuable US company

      Microsoft just regained its position as the second most valuable US company by market capitalisation after losing it to Amazon back in April this year. The news comes after Microsoft reported good quarterly profit driven by its cloud computing business and its Surface hardware division whereas Amazon lost $65bn off of its market cap.

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    • KONTRAKTO wins €10,000 at Innowave

      KONTRAKTO wins €10,000 at Innowave

      During this year’s edition of InnoWave Summit some of the best startups in the area of blockchain technology had the chance to win a prize pool worth €210,000 - €10,000 in the form of a cash prize and €200,000 in the form of investments. In the “Pitch Your Blockchain Startup” competition the Bulgarian startup KONTRAKTO, founded by Marten Demirev won the €10,000 cash prize by presenting a quick and easy solution in day-to-day transactions and contracts for both users and businesses.

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    • Yahoo pays $50m in damages for massive data hack

      Yahoo pays $50m in damages for massive data hack

      Yahoo will have to pay $50m in damages as part of a settlement filed Monday, following massive data breaches in 2013 and 2014. In addition, the company will cover up to $35m on lawyer fees related to the case and provide affected 200m users in the US with credit monitoring services for two years via AllClear, a package that would retail for around $350. Finally, those who paid for premium Yahoo email services are eligible for a 25 percent refund.

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    • Whitbread plans major push into German hotels market

      Whitbread plans major push into German hotels market

      Premier Inn’s owner Whitbread announced it will “stamp across Europe” using proceeds from its sale of Costa Coffee. The company is planning a push into Germany’s €52.6bn hotel market, where it currently has one Premier Inn in Frankfurt, with plans to open in Munich and Hamburg in the coming months — bringing its total to 33 hotels and 6,000 rooms in Germany by 2021 and making it one of the biggest budget hotel operators in that country.

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    • YouTube to invest $20m in educational content

      YouTube to invest $20m in educational content

      YouTube announced Monday it is putting $20m into a series of education initiatives, including a fund to support YouTube creators making learning-based videos and providing them with more resources to better monetise their videos. Channels like TED-Ed, dedicated to educational Ted Talks, and Hank and John Green’s Crash Course, for instance, have already secured additional funding, according to YouTube’s blog post. It's however unclear how much of the $20m will go toward grants for creators.

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    • Facebook to buy cybersecurity company

      Facebook to buy cybersecurity company

      Facebook is reportedly looking to acquire a major cybersecurity firm following a massive breach that compromised data from 30m accounts. According to The Information, the company has approached several unnamed cybersecurity providers about potential acquisitions and judging by the sound of things, it is hoping to close the deal by year-end, which leaves just 70 days to get a deal finalised.

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    • Fiat sells its auto parts unit to Japan's Calsonic

      Fiat sells its auto parts unit to Japan's Calsonic

      Fiat Chrysler's new CEO has struck a deal to sell the company's Italian auto parts business for almost €7bn. According to company's announcement Japan's Calsonic Kansei is buying its Magneti Marelli division for a total of €6.2bn. The combined business will now have annual revenue of €15.2bn and nearly 200 facilities and research centers around the world, becoming one of the world's top 10 largest auto parts suppliers. The deal is expected to close in the first half of next year.

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    • Insurer Anthem will pay record $16M for massive data breach

      Insurer Anthem will pay record $16M for massive data breach

      The United States' second-largest health insurer has agreed to pay the government a record $16m to settle potential privacy violations in the biggest known health care hack in US history, officials announced on 15 October. As they reported, the settlement between Anthem and the Department of Health and Human Services represents the largest amount ever collected by the agency in a health care data breach.

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    • Apple buys streaming analytics firm Asaii

      Apple buys streaming analytics firm Asaii

      Apple has reportedly acquired San Francisco-based music analytics startup Asaii in an obvious effort to further refine Apple Music recommendations and better integrate with up-and-coming artists. The deal, which has not been confirmed by Apple, was reportedly worth less than $100m. 

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