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Lesser-known North Korea cyber-spy group goes international: report

FRANKFURT (Reuters) – A North Korean cyber espionage group previously known only for targeting South Korea’s government and private sector deepened its sophistication and hit further afield including in Japan and the Middle East in 2017, security researchers said on...
Posted On 20 Feb 2018

Qualcomm deals blow to Broadcom’s bid with sweetened NXP deal

(Reuters) – U.S. semiconductor company Qualcomm Inc on Tuesday unveiled a sweetened $44 billion agreement to acquire NXP Semiconductors NV , its most defiant move in its defense against a hostile $121 billion bid from Broadcom Ltd . Source
Posted On 20 Feb 2018

Japan’s cryptocurrency exchanges to form new self-regulating body: sources

TOKYO (Reuters) – Sixteen Japanese cryptocurrency exchanges will fix plans as early as next week to create a self-regulating body in a bid to better safeguard investors after a $530 million digital money heist last month, two source familiar with the plan said. Source
Posted On 20 Feb 2018

Spain’s Balearic Islands to fine Airbnb 300,000 euros for illegal rentals

MADRID (Reuters) – Spain’s Balearic Islands is fining flat-sharing and rental service Airbnb 300,000 euros ($370,140) for advertising unregistered homes in Mallorca on its web site, the regional government said on Tuesday. Source
Posted On 20 Feb 2018

Indian software services sector to grow 7-9 percent in FY19 – lobby group

HYDERABAD, India (Reuters) – India’s software services exports will see revenue growth of 7-9 percent in constant currency terms in the fiscal year to March 2019, a leading lobby group forecast on Tuesday, as the industry continues to recover from what has been a...
Posted On 20 Feb 2018

Language app Babbel translates European success to U.S. market

BERLIN (Reuters) – It might seem a tall order to persuade people to spend as much to learn a language on their smartphone as it costs to subscribe to a music streaming or video-on-demand service. Source
Posted On 20 Feb 2018

Medtronic quarterly revenue beats, margins disappoint

(Reuters) – Medical device maker Medtronic Plc’s quarterly revenue beat analysts’ expectations as new product launches drove sales across its business units, but weaker-than-expected margins clouded the earnings report. Source
Posted On 20 Feb 2018

Xerox shareholders Icahn, Deason urge company to sell itself to rivals

(Reuters) – Xerox Corp shareholders Carl Icahn and Darwin Deason said on Tuesday the U.S. company should seek to sell itself to one of its rivals or a private equity firm. Source
Posted On 20 Feb 2018

Qualcomm gets hedge fund nod with raised offer for NXP

(Reuters) – U.S. chipmaker Qualcomm Inc raised its offer to buy NXP Semiconductors NV to $127.50 per share on Tuesday, and said it has the backing of the shareholder group led by hedge fund Elliott Management that opposed its previous proposal. Source
Posted On 20 Feb 2018

DDR Corp (DDR) Q4 FFO Revenues Beat Estimates, Stock Up

DDR Corp s DDR fourth quarter 2017 funds from operations FFO per share of 28 cents surpassed the Zacks Consensus Estimate of 26 cents However the figure declined a couple of cents from the prior year quarter The company generated revenues of 209 4 million for the fourth Source
Posted On 20 Feb 2018