(Reuters) – Twitter Inc said it would lay off up to 336 employees, or about 8 percent of its global workforce, as part of a plan to streamline operations. The layoffs, mainly in the company’s product and engineering functions, come about a week after the microblogging service provider appointed co-founder Jack Dorsey its permanent chief executive. “And the rest of the organization will be streamlined in parallel.” Shares of Twitter,
Computer maker Dell Inc said on Monday it had agreed to buy data storage company EMC Corp in a $67 billion record technology deal that will unite two mature companies and create an enterprise technology powerhouse. The acquisition will help privately held Dell diversify from a stagnant personal-computer market and give it greater scale in the more profitable and faster-growing market for managing and storing data. Combining Dell’s server businesses
Facebook Inc wants its users to shop for clothes and other products from their mobile phones without ever leaving its app. In an effort to move further into e-commerce and compete with Amazon Inc’s retail offerings, Facebook announced Monday it is testing several ad features that allow users to shop directly through its app. Few users make purchases on mobile phones because it is slow and cumbersome, but Facebook hopes
“Some companies are struggling to find the money to buy the coverage they want,” said Tom Reagan, a cyber insurance executive with Marsh & McLennan Co’s Marsh broker unit. Retailers and health insurers have been especially hard hit by the squeeze after high-profile breaches at Home Depot Inc , Target Corp , Anthem Inc and Premera Blue Cross. Health insurers who suffered hacks are facing the most extreme increases, with
By Andrea Shalal WASHINGTON (Reuters) – Lockheed Martin Corp delivered only three of 44 interceptors for the THAAD missile defense system in fiscal year 2015 due to a seven-month halt in production caused by computer issues, the U.S. Missile Defense Agency said. The interceptors for the Terminal High Altitude Area Defense program, which has an average budget of $800 million a year, are now expected to be delivered by September
(Reuters) – Symphony Communication Services, a messaging startup backed by Wall Street banks, said it had raised more than $100 million in a new round of funding from investors including Google, UBS Group AG and European venture capital firm Lakestar. Symphony’s chat service allows financial firms, corporate customers and individuals to put all of their digital communications on one centralized platform. The Wall Street Journal, citing sources familiar with the
Introduction and Windows 10 On stage a few weeks ago, Tim Cook, the CEO of Apple, stated that the company has “no intention” of merging iOS and OS X, Cupertino’s two main operating systems upon which almost all of its hardware is based. While it may seem odd to consider merging two almost completely contradictory elements – after all, what does the iPhone have in common with the Mac Pro?
If you’re interested in faster download speeds on your smartphone – and aren’t we all? – then you’ll want to know about the latest field tests of 5G technology being carried out in Japan. The new trial carried out by Huawei and Japanese carrier NTT DoCoMo is the first to use conditions that match the real world: in other words, a lot of users connecting at once on a spectrum
(Reuters) – President Barack Obama’s administration has backed away from seeking legislation that would give U.S. law enforcement agencies access to individuals’ encrypted messages, the White House said on Saturday. “We are actively engaged with private companies to ensure they understand the public safety and national security risks that result from malicious actors’ use of their encrypted products and services,” said White House spokesman Mark Stroh. “However, the administration is
Imagine you’re a child. Imagine you’re out in the park one day, and you find a shiny 50p. Also, imagine it’s the 90s. Stick with me here. You take your hard-earned pocket money to the corner shop, selecting for yourself a paper bag of sherbet lemons and some Opal Fruits (“what excellent, historically accurate detail,” you say. “I am so totally immersed right now”). The huge, hairy shopkeeper looms at
