Samsung’s Phone Retirement Program
Ever wonder what happens to your phone once you turn it in for an upgrade? Well in Samsung’s (OTC:SSNLF) case, it plans to refurbish its higher end models and resell them in other markets. The […]
2016
Microsoft Buys Genee, working on AI-developed scheduling solutions
Microsoft has purchased Genee, an AI-powered scheduling tool, for an undisclosed amount. The deal was likely done in cash – unless the company specifically wanted some stock from Microsoft. The plan is for Genee to shut […]
China seeks to lift economy by cutting corporate costs
China is looking to provide a further buffer in a slowing economy with a policy aimed at maintaining banking system liquidity and containing corporate financing costs. Beijing also plans to lighten the corporate tax load […]
Swaps-market margin rules light fire under banks
Collateral requirements for the over-the-counter derivatives market that take effect Sept. 1 in Japan and the US have major banks hustling to comply. Other venues have delayed implementation, but once fully in place, the rules […]
Lyft reportedly struggles in search for buyer
Ride-hailing startup Lyft has approached several companies, including General Motors, Google, Apple, Amazon and Didi Chuxing, about buying it, sources say. The talks with General Motors got further than those with the other companies but […]
Charging for mobile apps could generate $500M in revenue for Banks
Large banks could tap into a $500 million source of revenue annually if they charged customers for using mobile banking apps $1 to $3 a month. As per an S&P Global Market Intelligence survey, which states […]
BlackRock upbeat on emerging-market stocks
The outlook for sustained low interest rates globally is favorable for a tame US dollar and rising stocks in emerging markets, according to the latest assessment by BlackRock. The new “overweight” rating highlights markets in […]
Olympics show industry shift toward digital ads, live streaming
Live streaming made up between 225,000 and 500,000 of NBC’s audience each evening for Rio Olympics coverage and accounted for around 10% of its prime-time ad revenue. Official sponsors upped their digital ad game for […]
Instagram registers 1B Google Play installs
Instagram is the fourth Facebook (NASDAQ:FB) title to reach the milestone on Google Play following Facebook, Messenger and WhatsApp. The number is not reflective of unique installs, though only 19 other offerings have reached the […]
South Korean won leads gains among emerging-market currencies
South Korea’s won has surged 0.9% against a weakening US dollar as currency traders wait for Federal Reserve Chair Janet Yellen to speak this week on where monetary policy is headed. Other Asian currencies, including […]