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(Reuters) – Apple Inc is setting up a high-speed network and upgrading how it builds data centers, to compete better with Amazon.com Inc, Google Inc and Microsoft Corp in cloud services, Bloomberg reported, citing people familiar with the plans. The plan entails connecting Apple’s data centers in California, Nevada, North Carolina and Oregon, and others to get content closer to Internet hubs in some densely populated markets, Bloomberg reported.
Apple is expected to unveil a new music service and better tools to build apps for its smartwatch at its annual gathering of developers in San Francisco on Monday. The tech giant’s legion of independent developers will get a preview of a new software kit for the two-month-old Apple Watch at the Worldwide Developers Conference, Jeff Williams, Apple’s senior vice president of operations, said at a recent tech event. Like
Responding to a recent cyber attack on U.S. government computers, President Barack Obama said on Monday the United States has old computer systems with “significant vulnerabilities” to cyber attacks and needs to be “much more aggressive” in stepping up defenses against hackers. The personnel records of an estimated 4 million current and former federal government employees were compromised, the Obama administration disclosed Thursday. Obama declined to discuss who U.S. authorities
Chipmaker Qualcomm has put a chunk of spectrum up for sale in Britain which could appeal to mobile operators grappling with the demand for Internet access. Qualcomm said it plans to sell spectrum known as L-Band which can be used to boost the downloading capacity that mobile operators provide to customers. “Qualcomm UK Spectrum (QUKS), Qualcomm’s subsidiary that owns L-Band spectrum rights in the UK, plans to trade this spectrum,”
By Liana B. Baker and Bill Rigby NEW YORK/SEATTLE (Reuters) – With the biggest year in chip deals since 2000 not even halfway through, mid-sized semiconductor makers appear to be prime takeover targets as the largest players look to round out their capabilities and turn their focus to chips for cars, watches and other devices, making the “Internet of Things” a reality. “You want to be the supplier that has
Yahoo Finance’s Midday Movers is live each weekday at 12pm ET, covering all the latest news on the markets, the economy and the biggest stories of the day.
Apple shares have barely budged in months and there’s not much on deck at the WWDC annual meeting to change that.
The Fed has may have to raise rates more quickly than it wants after holding off on a hike, Larry Lindsey tells CNBC.
As the housing market continues to stabilize, a possible trend seems to be re-emerging, the demand to invest in subprime loans.
McDonald’s Corp., pursuing a comeback under new Chief Executive Officer Steve Easterbrook, reported May sales that narrowly topped analysts’ projections after growth in Europe helped make up for a lingering slump in the U.S. Global same-store sales fell 0.3 percent in the period, the Oak Brook, Illinois-based company said in a statement Monday. Europe was a bright spot for a company struggling with sluggish demand in both Asia and its
