Apple suspends online TV service development efforts: Bloomberg

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Apple Inc has suspended plans to offer a live Internet-based television service and is instead focusing on being a platform for media companies to sell directly to customers through its App Store, Bloomberg reported on Tuesday. Apple’s plan to sell a package of about 14 channels for $30 to $40 a month has run into resistance from media companies that want more money for their programing, Bloomberg reported, citing a person with knowledge of the matter. Apple was in discussions with broadcasters such as CBS Corp and Twenty-First Century Fox…

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Zurich, Switzerland: Chairwoman of GEDA Group gives a Thought Leadership Keynote at the Quantum Global Symposium

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The Founder and Chairwoman of GEDA Group Sophia Bekele was invited to speak on a Thought Leadership Keynote Panel, held by Quantum Global Advisory Board Symposium on 19th November 2015, Zurich, Switzerland, convened at the Zürich Marriot Hotel. The Symposium was focused on the essential role and growing impact of female African entrepreneurs, business women and innovators on the Continents burgeoning growth trajectory and wider socio-economic development. Africa has the greatest potential and as such has experienced tremendous interest from the global frontier especially on information technology and more so…

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What’s next for Yahoo’s future of its core Internet Business

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WHAT’S NEXT? Yahoo is preparing to discuss the future of its core Internet business and its stake in Alibaba, the Chinese e-commerce giant. “Yahoo’s management has faltered in its efforts to turn around its core business and it faces investor pressure to take more dramatic moves, though the people familiar with the plans say no transaction is assured,” the Wall Street Journal reports. “If Yahoo decides to sell its core Internet business, it could put into motion a deal for the Alibaba stake as well as its 35% stake in…

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Guarding your online brand against cybersquatters

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If you had a business called Widgets R Us and somebody set up shop right next door with a business called Widgets R U, you’d probably be a bit miffed. Especially if the interloper then demanded money to move elsewhere. cybersquatters: But this sort of thing is happening all the time online. It’s called cybersquatting – buying up website addresses, or domain names, that sound very similar to existing well-known brand names. When Google recently launched its new parent company Alphabet, and the abc.xyz web address, there were more than…

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Dell Acquires data storage company EMC Corporation for $67 billion

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Computer technology giant Dell and private-equity firm Silver Lake on Monday acquired data storage provider EMC for roughly $67 billion, a $33.15-per-share deal that represents the largest in technology industry history. According to the press release, the deal looks like this: Under the terms of the agreement, EMC shareholders will receive $24.05 per share in cash in addition to tracking stock linked to a portion of EMC’s economic interest in the VMware business. The deal’s $33.15 per-share cost represents a 28% premium above EMC’s closing price on Oct. 7, when the…

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WTO members reach landmark $1.3 trillion IT products trade deal

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WTO members representing major exporters of information technology products agreed on 24 July 2015 to eliminate tariffs on more than 200 such products. In a meeting  at the WTO headquarters in Geneva, a tentative accord reached by 54 WTO members on 18 July was confirmed as the basis for implementation work to begin. Ministers from the participating members will now work to conclude their implementation plans in time for the WTO’s 10th Ministerial Conference which will be held in Nairobi this December. “Today’s agreement is a landmark,” said WTO Director-General Roberto Azevêdo.…

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European Court of Justice Privacy Rule Could Ruffle American Tech Companies

Privacy
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A top European lawyer made a decision this morning that could prove a massive headache for American tech companies in Europe. Advocate General Yves Bot, an advisor to the European Court of Justice (ECJ) has said the “safe harbour” agreement for transferring data between the US and EU is “invalid,” because of concerns over US spying. Bot’s opinion isn’t legally binding, and the ECJ judges will make a formal ruling in the coming months. But as The Irish Times notes, the judges follow such opinions “in most cases.” But if…

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Twitter Shares Rise After Faked Bloomberg Report

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Takeover rumors about Twitter surface with seeming regularity every couple of months. But one on Tuesday showed a new level of sophistication in an effort to pump up the company’s stock. Shares of Twitter, the social network, briefly spiked after an article that appeared to come from the Bloomberg News website contended that the company had received a takeover offer worth $31 billion. Analysts and Twitter users quickly started poking holes in the online piece and deemed it a fake. (No such report ran on the Bloomberg terminal, where its…

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Drill-Down Report Finds Global Financial Services Businesses 300% More Susceptible To Cybercrime

Google
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Global financial services businesses encounter security incidents 300% more frequently than other industries, according to a report released on Tuesday by Raytheon | Websense, a company that helps protect organizations from cyber attacks and data theft. The 2015 Financial Services Drill-Down Report found “a high degree of specialization among criminals attacking financial services, a huge investment in the lure attack phase and the specific and anomalous Cybercrime attacks pointed at global targets dealing in finance.” “For years, this industry has been under attack by highly specialized groups of criminals,” said…

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Tech IPOs indicate slowest pace since the banking crisis

Banking Crisis
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With the end of the first half of the year in sight, it looks like Fitbit may be the last tech IPO of what so far has been the slowest year for new public offerings in the sector since 2009. That was the middle of the banking crisis and just after Sequoia Capital made its “RIP:Good Times” presentation to its portfolio CEOs in 2008. There have only been two tech companies from the Bay Area to go public so far this year — Box and Apigee — and San Francisco-based…

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