Don't-Miss Business Stories

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Volkswagen is founding a new cybersecurity firm to prevent car hacking

As cars become more computerized, the vehicles are facing a greater risk of being hacked. That’s why Volkswagen is founding a new cyber security company devoted to protecting next generation cars.

Apple

Ireland to Europe: No, Apple doesn't owe us

Ireland will join Apple in appealing the European Commission’s finding that Apple owes the country more than US$14 billion in back taxes.

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Apple must pay Ireland $14.5 billion in unpaid taxes

Apple's tax benefits in Ireland are illegal, the European Commission has ruled, and the company will have to pay up to $14.5 billion in back taxes, plus interest.

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Cisco to shed 5,500 staff in refocus on IoT, security, and cloud

Cisco Systems plans to lay off about 7 percent of its global workforce in a restructuring that will see it further focus on hot IT areas such as the Internet of things, security, collaboration, next-generation data centers and the cloud.

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Microsoft will lay off 2,850 more people this year

Microsoft revealed Thursday that 2,850 people will lose their jobs by the middle of 2017, on top of the 1,850 cuts that Microsoft announced earlier this year.

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Microsoft's Azure cloud revenue doubles, but phone sales plummet

Microsoft's cloud push continues to pay off for the company, which reported on Tuesday that its Azure cloud revenue for the second calendar quarter of 2016 had more than doubled compared to the same period in 2015.

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Samsung may place a $450m bet on electric cars and batteries

Samsung Electronics is on the verge of making a substantial investment in BYD, a Chinese manufacturer of electric cars and batteries.

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Cybersecurity firms step up intel sharing despite issues of trust

The war against the cyber criminals won’t be won alone. To keep the hackers at bay, more security vendors have been trying to foster cooperation, and share data on the latest threats – even as it might spark concerns over trust and competition.

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IT spending will shrink worldwide due to Brexit, Gartner predicts

Britain's vote to exit the European Union is going to depress global IT spending, according to Gartner analyst John-David Lovelock.

Martin Fink

HPE's CTO is leaving amid more big changes at the company

Nine months after it separated from HP's PC and printer group and a month after it said it would spin off its enterprise services division, HPE CEO Meg Whitman has announced yet more changes that will see CTO Martin Fink leave at the end of the year.

Amazon Kindle Paperwhite

How to get your Amazon credit from Apple's ebook price-fixing settlement

If you purchased an ebook from Amazon, credits could be automatically added to your account.

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Google revs its AI engines with a new European research group

Google has made no secret of its AI ambitions, and on Thursday it announced the next step in its bold plans to realize them: a brand-new research group in Europe focused squarely on machine learning.

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Facebook proposal will keep Mark Zuckerberg in control for many years to come

Facebook is taking steps to ensure that founder Mark Zuckerberg stays connected and in control at the social network even as he pursues other goals related to charity and research.

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Oracle profit slides despite rapid growth in cloud

Oracle reported its fourth consecutive quarter of declining revenue on Tuesday, as rapid growth in its cloud business failed to make up for weak demand for more traditional products.