Financial News from The Wall Street Journal

  • Snapchat CEO: We Have a Plan for an IPO The Wall Street Journal - Wed, May 27, 2015 5:16 AM SGT

    Reuters A billboard displays the logo of Snapchat above Times Square in New York. Snapchat co-founder and chief Evan Spiegel said Tuesday he has a plan for an initial public offering and has no desire to field any acquisitions offers, like Facebook’s $3 billion bid for the company nearly two years ago. Spiegel’s comments, …

  • IBM’s New Customer Service Software Can Feel Your  … The Wall Street Journal - Tue, May 26, 2015 11:57 AM SGT

    Reuters IBM says its new software adds a layer of emotional analysis on top of existing customer support programs. Would you care if your customer support representative was a machine rather than a person as long as you knew you were getting the best service? The U.S. tech giant’s research lab in Haifa, Israel, is testing …

  • Munchery Valued at About $300 Million Amid Food Fi … The Wall Street Journal - Sat, May 23, 2015 3:23 AM SGT

    The San Francisco-based service for ordering quick microwavable meals is closing a funding round of $85 million that would value Munchery at about $300 million, according to a person briefed on the deal. Two previous investors in Munchery, SherpaVentures and Menlo Ventures, led the deal, the person said. Blue Apron, a …

  • ‘Adult’ Dating Site Hacked, Personal Details Leake … The Wall Street Journal - Fri, May 22, 2015 9:47 PM SGT

    In one of the more sensitive data breaches of the last few years, a popular site for dating and causal sexual relationships has allegedly been hacked, with personal details of people looking for hookups splayed online, according to a report by a U.K. television station. Channel 4 News said it found a database of 3.9 million …

  • Get Ready for the Dis-Synergy Bubble The Wall Street Journal - Fri, May 22, 2015 4:00 PM SGT

    Hewlett-Packard Inc. Hewlett-Packard CEO Meg Whitman on Thursday reported substantial dis-synergies. On Thursday, synergy's dark cousin was in the news. Last year, HP announced its intention to divide into two independent companies, one devoted to PCs and printers, the other targeting corporate IT departments.

  • CEO Who Pushed Icann Independence Is Leaving in 20 … The Wall Street Journal - Thu, May 21, 2015 8:24 PM SGT

    PHOTO COURTESY OF ICANN Fadi Chehade, shown in this Icann file photo, is stepping down in early 2016, the internet-management agency announced Thursday. Officials of Icann announced Thursday that Fadi Chehadé, who has helped lead discussions of Icann’s proposed break with the U.S. government, has informed the nonprofit’s …

  • What You Need to Know About the New LogJam Bug The Wall Street Journal - Wed, May 20, 2015 5:47 PM SGT

    Bloomberg News Microsoft said it has updated Windows to address a newly discovered security flaw. The Wall Street Journal reported that computer-security researchers are disclosing a new flaw, called LogJam, in technology behind prominent security tools, including the green padlock on secure websites. The type of key …

  • Credit Suisse Profit Rises @ The Wall Street Journal - Wed, May 20, 2015 2:33 PM SGT

    Credit Suisse posted an improved profit due, in part, to a pickup at its investment bank.

  • Teva Bids for Mylan, Seeking to Create Biggest Generics … @ The Wall Street Journal - Wed, May 20, 2015 2:32 PM SGT

    Teva Pharmaceutical has proposed to acquire rival Mylan for about $40 billion, a tie-up that would create the world’s biggest generic drug company by sales.

  • Uber Launches Licensed Driver Service in Germany The Wall Street Journal - Tue, May 19, 2015 9:41 PM SGT

    ROBERT GALBRAITH/REUTERS Uber has struggled to expand into a tightly regulated German passenger transportation market. Uber on Tuesday launched a new service in Germany which the company claims abides by German law, after a court recently banned the car hailing app's main product nationwide. The new service, UberX, uses …

  • RealNetworks Turns Photos and Videos into Personal … The Wall Street Journal - Tue, May 19, 2015 5:00 PM SGT

    RealNetworks A screenshot from RealTimes, a new app from RealNetworks that automatically turns personal photos and video into montages called stories. RealNetworks Inc., an Internet pioneer searching for a new formula for growth, is betting on helping smartphone users make better use of the photos and videos they've taken. …

  • Baidu Invests in Content-Recommendation Company Ta … The Wall Street Journal - Mon, May 18, 2015 1:34 PM SGT

    The Chinese search giant is investing in New York content-recommendation company Taboola and aims to bring its services to China. Chinese Internet giant Baidu Inc. said it is partnering with Taboola Inc. to bring Taboola’s content-recommendation platform to China. Baidu has also made a strategic investment in Taboola, …

  • Amazon to Anoint ‘Choice’ Products Sold Through Its … The Wall Street Journal - Fri, May 15, 2015 8:28 PM SGT

    A service rolled out on Thursday, called Amazon’s Choice, effectively turns over a shopper’s decision-making to Amazon. The new designation comes in an update to Amazon’s Echo voice-activated speaker, which now allows customers to order goods just by saying them aloud. When a user hasn’t purchased goods in a particular …

  • Chambers’ Final Cisco Call Covers Deer, Golf and Trademark … The Wall Street Journal - Thu, May 14, 2015 8:03 PM SGT

    John Chambers has never been stingy with words during Cisco Systems' quarterly earnings calls. The CEO didn't disappoint Wednesday afternoon during his swan song to a packed session, which included an ode to a very large deer. Chambers, who announced last week plans to retire as CEO after 20 years leading the maker of …

  • U.K.’s Data Spies Seek Colleagues Willing to Work  … The Wall Street Journal - Wed, May 13, 2015 8:43 PM SGT

    The British government's electronic-surveillance agency is seeking job candidates with hacking skillsand modest salary requirements. For the first time, the British government’s electronic-surveillance organization, GCHQ, is openly recruiting people with Internet hacking skills. A job ad on the agency’s site for Computer …

  • Google Shopping Leader Decamps for Jawbone The Wall Street Journal - Tue, May 12, 2015 7:54 PM SGT

    The head of Google's commerce businesses is leaving for consumer gadget maker Jawbone, a move likely to raise questions about the Internet giant’s same-day delivery service Google Express. Sameer Samat had some hits and misses at Google. He oversaw Google Shopping, the company's successful product search advertising service. …

  • Pinterest Employees Can Sell Shares Via New Secondary … The Wall Street Journal - Sat, May 9, 2015 4:56 AM SGT

    Bloomberg News Pinterest logos are shown on an iPad Air. Pinterest said on Friday it is allowing employees to sell a portion of their stock as it completes its $533 million round of funding that values the image-bookmarking site at $11 billion. This marks the second time the San Francisco-based company would be doing …

  • Uber Bids for Nokia’s Maps Service to Lessen Google … The Wall Street Journal - Fri, May 8, 2015 8:50 PM SGT

    Mary Altaffer/Associated Press Uber uses mapping technology from Apple and Google to power its car-hailing app. Uber is ready to spend big to avoid becoming dependent on Google’s mapping technology as it spreads beyond taxi rides. The ridesharing company has submitted a bid to acquire Nokia’s location services unit, …

  • For Zynga, a Journey from the Cloud to Home — and Back … The Wall Street Journal - Fri, May 8, 2015 5:17 PM SGT

    In 2009, Zynga was a marquee customer for Amazon.com's cloud-computing services. Two years later, it spent $100 million to build its own data centers to handle the bulk of its computing. Now Zynga's cloud cruise has come full circle. The company Wednesday said it would shut its data centers and shift its computing workload …

  • The Last Time We Made Data Laws Zuck Was 11, Says EU … The Wall Street Journal - Thu, May 7, 2015 9:05 PM SGT

    European Pressphoto Agency Facebook founder and CEO Mark Zuckerberg was 11 years old in 1995, the last time the EU drafted data privacy rules. A top European Commission official in charge of data policy shed some light into the thinking of European lawmakers drafting a new set of data privacy laws. Data protection representatives …

  • Born in the ’70s: Jack Ma’s Memo to Alibaba Employees … The Wall Street Journal - Thu, May 7, 2015 8:32 PM SGT

    The Chinese e-commerce giant Alibaba on Wednesday announced a broad management shuffle that included a new chief executive and a younger generation of leaders. Sixteen years ago when we founded our company at Lakeside Apartments, it was very difficult for us to recruit people.  We had a simple wish: that Alibaba would …

  • Oculus Rift Release Won’t Come Until 2016 The Wall Street Journal - Wed, May 6, 2015 7:52 PM SGT

    One of the biggest names in virtual reality—Facebook’s Oculus Rift headset—won’t hit store shelves until after the holiday season. Oculus VR said Wednesday the debut consumer version of its headset will ship in the first quarter of 2016, with preorders beginning later this year. Oculus VR was bought by Facebook last year …

  • Google Rolls Out New Ads as Mobile Searches Top PCs … The Wall Street Journal - Tue, May 5, 2015 8:29 PM SGT

    Google A smartphone shows an example of Google's Automotive Ads, which the company launched in May 2015. Google Tuesday expanded its suite of ads for mobile devices that offer users information toward potential purchases, rather than just links. They are designed to work with touches and swipes common on smartphones, …

  • Dave Goldberg Died While Exercising on Mexico Vacation, … The Wall Street Journal - Mon, May 4, 2015 9:18 PM SGT

    Dave Goldberg, SurveyMonkey CEO and husband of Facebook COO Sheryl Sandberg, died late Friday after he collapsed at a gym while vacationing in Mexico, a person close to the family said. Goldberg was on vacation with family and friends. Goldberg had led SurveyMonkey since 2009, after stints at Yahoo, several startups and …

  • Cisco Shares Details on How It Chose Its Next CEO The Wall Street Journal - Mon, May 4, 2015 8:23 PM SGT

    Cisco Systems opened the kimono on its decision to change chief executives. An early Monday post on the networking giant’s blog gave extensive detail about the board’s selection of Cisco executive Chuck Robbins to replace longtime leader John Chambers. Among other things, the post said Cisco directors initiated its formal …

  • Australia’s Domino’s Plans Uber-Inspired Pizza Delivery … The Wall Street Journal - Sun, May 3, 2015 8:00 AM SGT

    Bloomberg News Australia's Domino's Pizza Enterprises plans an Uber-inspired delivery tracker. Domino’s Pizza Enterprises Ltd., which holds the master-franchise rights to the Domino’s brand in Australia, New Zealand, Japan, France and the Netherlands, said it would be the first company in the world to let customers track …

  • SurveyMonkey CEO Dave Goldberg Dies Suddenly The Wall Street Journal - Sat, May 2, 2015 9:30 PM SGT

    Dave Goldberg, chief executive of SurveyMonkey and husband of Facebook Chief Operating Officer Sheryl Sandberg, died suddenly Friday night. Goldberg's brother posted the news on his Facebook page Saturday morning. Facebook CEO Mark Zuckerberg shared this post on his own page shortly after. "We are deeply heartbroken …

  • Apple Watch Does Have a Tattoo Problem The Wall Street Journal - Sat, May 2, 2015 4:41 AM SGT

    A support page on Apple’s website confirmed that some tattoos can disrupt the Apple Watch heart-rate sensor. Reports surfaced in recent days that the Apple Watch ran into trouble for some users whose wrists had tattoos. On Apple’s website, a page dedicated to monitoring heart rate cites several factors, such as motion …

  • At the Heart of Facebook’s Artificial Intelligence, … The Wall Street Journal - Fri, May 1, 2015 1:38 PM SGT

    Facebook Inc. doesn't yet have an intelligent assistant, like the iPhone’s Siri. Apple Inc.’s Siri, Microsoft Corp.’s Cortana and Google Inc.’s Google Now are all early manifestations.

  • Germany Moves to Boost Startup Funding The Wall Street Journal - Thu, Apr 30, 2015 5:05 PM SGT

    Reuters Traders are pictured at their desks in front of the DAX board at the Frankfurt stock exchange, Germany, April 29, 2015. FRANKFURT-- Germany is taking aim at an endemic European problem. The Deutsche Börse Venture Network, a new, online-only platform for businesses and investors, will hopefully give investors …

  • Doubting Twitter: Analysts Have Their Say on Ads, User … The Wall Street Journal - Wed, Apr 29, 2015 7:16 PM SGT

    Bloomberg News Twitter CEO Dick Costolo paused during a Bloomberg TV interview in San Francisco in March 2015. The trend to doubt Twitter is back. The morning after Twitter’s bleak earnings results, the company got hit on both sides as some analysts called into question the company’s ability to attract both advertisers …

  • Twitter Earnings: What To Watch The Wall Street Journal - Tue, Apr 28, 2015 7:35 PM SGT

    Twitter Inc. is scheduled to report results for its fiscal first quarter ended March 31 after the market closes on Tuesday. REVENUE FORECAST: Twitter is expected to post $456.8 million in revenue, compared with $250.5 million the previous year, according to the average of analysts surveyed by Thomson Reuters. The analysts' …

  • Is Your Job Creative Enough To Resist Robot Automa … The Wall Street Journal - Mon, Apr 27, 2015 8:05 PM SGT

    Getty Images Robots carry dishes and offer service for customers at a robot themed restaurant in China. Think your job is too creative for a robot to do it? Think again, warns a new report co-authored ...

  • Google Executive Dan Fredinburg Killed in Everest Avalanche … The Wall Street Journal - Sun, Apr 26, 2015 3:15 AM SGT

    A Google Inc. executive who was in Nepal to climb Mount Everest was among those killed in a massive earthquake on Saturday. Dan Fredinburg suffered a “major head injury” when he was caught in an avalanche following the earthquake, his sister Megan wrote in a post on Mr. Fredinburg’s Instagram account, where he had been …

  • Sign of Facebook’s Ad Growth? Two Digs From a Google … The Wall Street Journal - Fri, Apr 24, 2015 11:07 PM SGT

    Agence France-Presse/ Google executive Omid Kordestani announces a partnership with Japanese mobile communication giant NTT DoCoMo in 2008. During Google’s first-quarter earnings call Thursday, Chief Business Officer Omid Kordestani took a couple of digs at Facebook, without naming the social-media company, of course. …

  • Amazon Shares Soar to All-Time High on Cloud Surpr … The Wall Street Journal - Fri, Apr 24, 2015 8:19 PM SGT

    Amazon.com shares hit an all-time high Friday as investors rewarded the e-commerce giant for showing a surprise profit at its cloud-computing business and strong retail sales in North America. A series of analyst upgrades led the Seattle retailer's shares to jump as much as 16% in early market trading, pushing Amazon's …

  • Twitter to Push Out Twice-Daily ‘Highlights’ Diges … The Wall Street Journal - Thu, Apr 23, 2015 9:44 PM SGT

    On Twitter, not every tweet is gold, and the hunt for those tweets takes time. Twitter users have to scroll through many subpar tweets to find the ones that are breaking news or making a good quip. Now Twitter is taking some of the work out of that process with a new feature it launched on Thursday called Highlights, …

  • As First Watches Ship, Apple Opens App Store for New … The Wall Street Journal - Thu, Apr 23, 2015 9:31 PM SGT

    Apple prepared to open the App Store for its Apple Watch Thursday, just ahead of the first shipments reaching customers who pre-ordered the new device. The store is third branch of the App Store, alongside areas hosting apps for the iPhone and the iPad. Apple says more than 3,000 Watch apps will be available when the …

  • Amazon Earnings: What to Watch The Wall Street Journal - Thu, Apr 23, 2015 6:26 PM SGT

    ROPI/Zuma Press Amazon reports first-quarter results Thursday. Above, the company's fulfillment center in China. Amazon.com Inc. is expected to report financial results for the first quarter ended in March ...

  • Asian Debt Piles Up, and Up @ The Wall Street Journal - Thu, Apr 23, 2015 6:22 PM SGT

    Asian countries borrowed heavily during the financial crisis, and coutinued borrowing as the economy healed. Now they are feeling the hangover.

  • Democratic Fissures Appear in Pacific Trade Pact @ The Wall Street Journal - Wed, Apr 22, 2015 8:06 PM SGT

    A bloc of congressional Democrats is bucking White House pressure to exclude concerns over currency manipulation from a bill to expedite a 12-nation Pacific trade pact.

  • EBay Earnings: What To Watch The Wall Street Journal - Wed, Apr 22, 2015 7:53 PM SGT

    Daniel Acker/Bloomberg News EBay Inc. is expected to report financial results for the first quarter ended in March after the close of trading Wednesday. Here are the key points to look out for: --EARNINGS ...

  • Chief Executives Awarded More Cash Pay @ The Wall Street Journal - Wed, Apr 22, 2015 2:20 PM SGT

    CEOs’ cash pay rose at its fastest rate in at least four years in 2014, while equity grants are becoming less attractive.

  • Noble Promises More Transparency @ The Wall Street Journal - Wed, Apr 22, 2015 12:37 PM SGT

    Commodities trader Noble Group has committed to more transparency following a dispute with three analyst firms over its accounting methods.

  • J.P. Morgan Shuffles in Asia @ The Wall Street Journal - Wed, Apr 22, 2015 12:16 PM SGT

    J.P. Morgan reassigned roles among its senior bankers across Asia, giving some veteran bankers broader roles.

  • KFC, Pizza Hut Seem Stale in China @ The Wall Street Journal - Wed, Apr 22, 2015 11:50 AM SGT

    Yum Brands is facing a new reality: Chinese consumers who once found its KFC and Pizza Hut fresh and different now see them as neither.

  • Indonesia Pushes State Firm Overhaul as Key to Gro … @ The Wall Street Journal - Wed, Apr 22, 2015 11:16 AM SGT

    Indonesia’s plans to root out graft at huge state companies and lure investment hinge largely on one official’s private-sector approach to government.

  • Oil's Slide Helps Japan Notch First Trade Surplus Since … @ The Wall Street Journal - Wed, Apr 22, 2015 9:35 AM SGT

    Japan reported its first monthly trade surplus in nearly three years, helped by falling oil prices, a weaker yen and stronger U.S. demand.

  • Why Do I Throw Out So Much Food? @ The Wall Street Journal - Wed, Apr 22, 2015 7:50 AM SGT

    Refrigerators want to come to the rescue with new technology to keep produce fresher longer.

  • In Singapore, Property Stocks Are Hot Property @ The Wall Street Journal - Wed, Apr 22, 2015 2:56 AM SGT

    Singapore investors are snapping up stocks of property developers and hoping the companies will be taken private at a premium.

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