Qualcomm shares fell 1.8 percent to $63.05 in after-market trading on Wednesday. The move comes after hedge fund Jana Partners called for Qualcomm to spin off its chip business from its highly profitable patent-licensing income, among other changes the activist asked for. “We decided we were going to take a fresh look at the corporate structure of the company,” Qualcomm president Derek Aberle said in an interview, adding that the
Wal-Mart Stores Inc has taken full ownership of Chinese e-commerce firm Yihaodian.com, buying out the 49 percent stake that it did not already own to accelerate its push online, the U.S. retail giant said on Thursday. The investment will help Wal-Mart target China’s fast-growing online market at a time when largely brick and mortar retailers are feeling the pinch of competition from online rivals and a slowing of the world’s
Wal-Mart Stores Inc has taken full ownership of Chinese e-commerce firm Yihaodian.com, buying out the 49 percent stake that it did not already own to accelerate its push online, the U.S. retail giant said on Thursday. The investment will help Wal-Mart target China’s fast-growing online market at a time when largely brick and mortar retailers are feeling the pinch of competition from online rivals and a slowing of the world’s
By Dominique Vidalon PARIS (Reuters) – French media and entertainment technology group Technicolor will buy Cisco System’s home video equipment business for 550 million euros ($602 million), it said on Thursday, sending its shares to a five-year high. The cash-and-stock deal is part of Technicolor’s efforts to expand in the thriving home video market and boost profitability. It will create the world No. 2 in customer premises equipment (CPE) –
By Dominique Vidalon PARIS (Reuters) – French media and entertainment technology group Technicolor will buy Cisco System’s home video equipment business for 550 million euros ($602 million), it said on Thursday, sending its shares to a five-year high. The cash-and-stock deal is part of Technicolor’s efforts to expand in the thriving home video market and boost profitability. It will create the world No. 2 in customer premises equipment (CPE) –
By Eric Auchard FRANKFURT (Reuters) – British venture capital firm Notion Capital is raising a third fund that will make it Europe’s largest bankroller of cloud-based business software start-ups, the company said on Thursday. The London-based firm said it had initially raised $120 million in a new fund for cloud computing and Software as a Service (SaaS) companies and is targeting upwards of $150 million once fundraising for the round
By Eric Auchard FRANKFURT (Reuters) – British venture capital firm Notion Capital is raising a third fund that will make it Europe’s largest bankroller of cloud-based business software start-ups, the company said on Thursday. The London-based firm said it had initially raised $120 million in a new fund for cloud computing and Software as a Service (SaaS) companies and is targeting upwards of $150 million once fundraising for the round
Daimler Chief Executive Dieter Zetsche said a desire to have better control over data security was one of the reasons Mercedes was bidding for Nokia’s high-definition mapping business. In a call to discuss second-quarter results, Zetsche was asked whether he was concerned about hacker attacks on Mercedes-Benz cars. “You can see from reading the papers that we are trying to acquire a platform together with our German competitors, to gain
Sony has launched a new initiative called Concept for Android, which asks for Swedish Xperia Z3 owners to test out a new version of its software, essentially beta testing a new-look interface for its current and upcoming smartphones. Successful applicants will get new software to install on their Z3 handsets. While using it, they can give feedback about what they like and dislike, helping Sony craft the new software that
An interesting story recently broke on 4chan, describing how the metro car in Fallout 3’s Broken Steel add-on was actually powered by sticking the car on the head of an NPC and making them run really fast. However, our pals over at PC Gamer have discovered that’s not entirely true. After a bit of tinkering, they uncovered that it’s not a hat but actually an arm piece. In fact, the
