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Technology

Samsung Elec Shares Jump on Upbeat Chip Outlook as Fourth-Quarter Profit Rises

Samsung Elec Shares Jump on Upbeat Chip Outlook as Fourth-Quarter Profit Rises

Samsung Electronics Co Ltd shares jumped on Friday after it said its fourth quarter operating profit likely rose 26% as coronavirus pandemic driven remote working and TV-watching fueled sales of chips and display panels. Samsung Electronics shares rose as much as 8.6% in afternoon trade to a reco

IBM Names Head of New IT Infrastructure Services Company

IBM Names Head of New IT Infrastructure Services Company

IBM Corp on Thursday named former financial chief Martin Schroeter to head its new IT infrastructure services unit when it becomes public, as the 109-year old company shifts gears to focus on its high-margin cloud business. IBM will list its unit, which provides technical support for 4,600 client

Watchdog: Chinese Web Firms 'Bullying' Customers with Data, Algorithms

Chinese internet companies have been violating customers' rights by misusing personal data and "bullying" people into purchases and promotions, a government-backed consumer association said on Thursday. The statement from the China Consumers Association (CCA) did not name any companies, but comes

Tesla Delivered Record Number of Cars in 2020

Tesla Delivered Record Number of Cars in 2020

Tesla delivered a record number of cars in 2020, the company said, just narrowly missing its half a million target for the year. The pioneering high-end electric vehicle maker delivered 180,570 cars to customers and produced 179,757 in the fourth quarter of the year, it said in a statement Saturd

Free, Outdoor Wi-Fi Coming to Detroit’s Cultural Center

Free, Outdoor Wi-Fi Coming to Detroit’s Cultural Center

Free outdoor Wi-Fi is coming to Detroit’s cultural center. It is part of an effort to implement a comprehensive digital strategy to attract visitors to the area and encourage outdoor programming. The John S. and James L. Knight Foundation is providing a $500,000 grant. The Ralph C. Wilson Jr.

Bitcoin Rallies above $30,000 for First Time

Bitcoin Rallies above $30,000 for First Time

Digital currency Bitcoin extended its record smashing rally on Saturday, beginning the year with a surge over $30,000 for the first time, with ever more traders and investors betting that it is on its way to becoming a mainstream payment method. The price of the world’s most popular cryptocurrenc

Amazon to Acquire Wondery in Podcast Push

Amazon to Acquire Wondery in Podcast Push

Amazon.com Inc said on Wednesday it would acquire podcast startup Wondery, aiming to beef up non-musical content on its Amazon Music app. Earlier this month, the Wall Street Journal reported that the firms were in deal talks, pegging Wondery at a valuation of more than $300 million. Amazon is

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