April 5, 2021 7:32 am
Microsoft Corp (MSFT) said last week that an issue with its Microsoft 365 services and features, including Teams and Azure, had been mitigated, after many users had no access to them. An earlier report by outage tracking website Downdetector stated that more than 8,000 users had reported issues with Microsoft’s Teams workplace messaging app. “We […]
Read moreApril 1, 2021 7:25 am
Alphabet Inc’s Google said on Wednesday that it would contribute EUR 25 million to the newly established European Media and Information Fund in an attempt to combat misinformation. There was a significant surge in fake news surrounding the COVID-19 pandemic and the US presidential election last year, while the social media faced some major criticism […]
Read moreMarch 31, 2021 9:15 am
Spotify Inc on Tuesday announced the acquisition of Betty Labs, the creator of sports-focused social audio app Locker Room, in an attempt to speed up its move into live audio. The cost of the acquisition, however, remained undisclosed. The company said that it intended to “evolve and expand” Locker Room during the upcoming months to […]
Read moreMarch 31, 2021 7:38 am
Southwest Airlines Co (LUV) said earlier this week that it had ordered 100 737 MAX aircraft from Boeing Co and would take delivery of the first 30 planes in 2022. Every 737 MAX 7 jet costs about $100 million at list prices, but these planes usually sell for less than 50% of their official price […]
Read moreMarch 29, 2021 7:40 am
Citigroup Inc (C) announced on its website last week that it had appointed Erika Irish Brown to head its global diversity strategy. Brown will join the Wall Street bank as its chief diversity, equity and inclusion officer from rival Goldman Sachs, where she had been head of diversity and inclusion strategy since mid-2018. With Brown […]
Read moreMarch 25, 2021 8:51 am
Bank of America Securities analyst Michael Carrier raised his rating on Bank of New York Mellon (BK) from ”Underperform” to ”Buy”, while citing favorable revenue and earnings outlook. The firm also raised its 12-month price target on the stock from $43 to $50, which compares with a median price target of $49.00. According to Carrier, […]
Read moreMarch 24, 2021 10:38 am
Lockheed Martin Corp (LMT) on Tuesday announced a collaboration with communications provider Omnispace LLC, aimed to develop a space-based 5G network to be used by both commercial entities and government agencies. A 5G global network based in space is expected to allow users to switch between satellite and terrestrial networks, which would remove the need […]
Read moreMarch 24, 2021 8:43 am
Apollo Global Management Inc said earlier this week that Jay Clayton, former US Securities and Exchange Commission chief, had been appointed as non-executive chairman after company’s founder Leon Black revealed plans to step down from his executive roles. In January, Black, aged 69, agreed to step down from the post of Chief Executive Officer. Back […]
Read moreMarch 22, 2021 8:37 am
Facebook Inc (FB) has resolved a technical issue, which led to a global outage of its services, including Instagram. Reports in the media stated that the issue had affected Facebook’s online messaging services Whatsapp and Messenger as well. According to outage tracking website Downdetector.com, more than 1 million users had complained about having issues with […]
Read moreMarch 19, 2021 8:35 am
Alphabet Inc’s Google announced on Thursday plans to invest more than $7 billion in offices and data centers across the United States at a time when Internet traffic rises, as COVID-19-related restrictive measures prompted more users and advertisers to go online. The latest investment aims to expand Google’s data centers in Nebraska, South Carolina and […]
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