Technology
Google's Verily in early stages of developing a coronavirus tool
Google said a life sciences division, Verily, is in the early stages of developing a tool to help triage Americans who may need testing for the coronavirus.
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Coronavirus work-from-home push means long nights, employee health checks for cloud firms
Italian IT shop owner Simone Merlini joined a 2 p.m. call on Wednesday to do something that sounded fairly straightforward: demo three Amazon.com Inc cloud services to a new client.
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Alphabet shares surge 9% after Trump praises Google for coronavirus website
Shares of Google parent Alphabet Inc closed up more than 9% after U.S. President Donald Trump said on Friday the search giant would create a website to help determine whether individuals need a coronavirus test or not.
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Google to develop website to help with coronavirus test: Trump
Shares of Google parent Alphabet Inc rose more than 9% after U.S. President Donald Trump said the search giant would create a website to help determine whether individuals need a coronavirus test or not.
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Teleconference apps and new tech surge in demand amid coronavirus outbreak
Global downloads of business apps including Tencent Conference, WeChat Work, Zoom, Microsoft Teams and Slack have risen nearly five fold since the start of the year, data showed, as the coronavirus outbreak changes how corporations work.
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Cloud firms turn to long nights, employee health checks to survive work-from-home rush
Italian IT shop owner Simone Merlini joined a 2 p.m. call on Wednesday to do something that sounded fairly straightforward: demo three Amazon.com Inc cloud services to a new client.
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Apple shifts annual developers conference to online-only format
Apple Inc on Friday moved its annual developers conference in San Jose, California, in June entirely online, citing the "current health situation."
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GrubHub suspends $100 million in restaurant commissions as virus spreads
Online food delivery company GrubHub Inc said on Friday it will temporarily suspend collecting commission fees of up to $100 million from independent U.S. restaurants hit by the coronavirus outbreak.
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SoftBank unveils $4.8 billion buyback after stock tumble, Elliott backs move
SoftBank Group Corp is buying back up to $4.8 billion of its shares after their recent slump, a move that partially met the demand of activist fund Elliott Management but failed to soothe investors panicking from the coronavirus pandemic.
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Activist fund Elliott backs SoftBank's $4.8 billion buyback plan
Activist investor Elliott Management said on Friday it supports SoftBank Group Corp's latest move to buy back up to $4.8 billion of its shares.
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China's ZTE subject to new U.S. bribery investigation, NBC News says
Chinese telecoms company ZTE is the subject of a new bribery investigation at the U.S. Justice Department, centered on suspected bribes paid to foreign officials to gain advantages in its worldwide operations, NBC News said.
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Apple says reopening all its branded stores in China
Apple Inc is reopening all 42 of its branded stores in China on Friday, a company spokesman said, more than a month after they were shut in the wake of the coronavirus outbreak.
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Xerox to postpone meetings with HP shareholders amid coronavirus scare
Xerox Holdings Corp, which is in a proxy fight for control of HP Inc, said on Friday it would postpone meetings with shareholders of the personal computer maker amid the coronavirus outbreak.
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Bitcoin surges a fifth as markets rebound, still down a quarter since Monday
Bitcoin surged by more than a fifth on Friday amid high volatility across rebounding global markets, reversing some of its heavy losses from a day earlier but still leaving the cryptocurrency down nearly 30% since the start of the week.
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Exclusive: France to allow some Huawei gear in its 5G network - sources
France will authorize the use of some of Huawei's equipment in the rollout of its 5G network, two sources close to the matter told Reuters, despite U.S. calls to exclude the Chinese telecoms giant from the West's next-generation communications.
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Zhang Yiming, founder of TikTok owner ByteDance, gears up for the global stage
The founder of China's ByteDance, owner of the wildly successful TikTok app, has for years aspired to make ByteDance the first Chinese firm to rival U.S. internet giants on the global stage. On Thursday Zhang Yiming made a key move to achieve that.
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Takeaway.com: 'No-touch' delivery in response to coronavirus
Just Eat Takeaway (JET), Europe's largest online food ordering and delivery company, said on Friday its Takeaway subsidiary would begin dropping orders at the door as a precautionary measure in light of the global coronavirus outbreak.
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SoftBank unveils $4.8 billion buyback after stock tumble, pressure from Elliott
SoftBank Group Corp is buying back up to $4.8 billion of its shares after their recent slump, a move that partially met the demand of activist fund Elliott but failed to soothe investors panicking from the coronavirus pandemic.
Categories: Technology
SoftBank to buy back up to $4.8 billion of its shares after pressure from Elliott
SoftBank Group Corp said on Friday it will buy back up to 7% of its own shares for as much as 500 billion yen ($4.8 billion) - a decision that comes after activist investor Elliott Management pressed for $20 billion in stock buybacks.
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Bitcoin plummets as cryptocurrencies suffer in market turmoil
Bitcoin plummeted on Thursday amid wild volatility in cryptocurrency markets, with traders citing a sell-off across assets as fears of the economic damage from the coronavirus pandemic take hold.
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