That makes Google’s efforts to share its networking know-how with major mobile carriers something that investors in major data center and telecom equipment suppliers, such as Cisco Systems , should keep an eye on. Especially since Google seems to be prodding the carriers in a direction that some of them have already been moving in.
Day: February 3, 2017
Apple Set to Begin Making iPhones in India by April’s End
Apple Inc. will begin assembling iPhones in India by the end of April, a regional minister says, heightening its focus on the world’s fastest-growing major smartphone market as growth slows elsewhere. The U.S. company has tapped Taiwan’s Wistron Corp. to put together its phones in the tech capital of Bangalore in Karnataka, said Priyank Kharge, the state’s information technology minister.
India Tech Titans to Plead Visas Case Before Trump Officials
India’s largest technology companies plan a trip to Washington this month to argue against President Donald Trump’s envisioned tightening of visa programs that Silicon Valley and their own industry rely on to attract talent. The chief executives of the country’s biggest IT services companies will meet with administration officials and lawmakers from Feb. 20 to try and dissuade Trump’s team from raising requirements under the H-1B visa program, said R Chandrashekhar, the president of industry group Nasscom.
Sharp Trims Full-Year Loss Outlook on Cost Cuts, Display Profits
Sharp Corp. narrowed its full-year loss outlook after posting its first quarterly profit in more than two years, lifted by cost reductions and a turnaround in the display business. The net loss will reach 37.2 billion yen in the year ending March 31, the Osaka-based company reported on Friday.
Weed 101: Colorado agriculture office shares pot know-how
In this Jan. 31, 2017 photo, agriculture regulators from seven different states and Guam tour a Denver marijuana growing warehouse on a tour organized by the Colorado Department of Agriculture in Denver. The department is opening up its marijuana … knowledge to other states and encouraging them to plan now for the possibility of regulating farmers growing a plant that violates federal law.
South Korea’s Samsung mulls building US appliance factory
South Korea’s Samsung Electronics says it’s considering building a factory to make household appliances in the United States amid industry concerns about potential protectionist trade policies under the administration of President Donald Trump. A spokeswoman for Samsung said Friday that the plans were “purely in the evaluation stage” and no decisions have been made.
Nikkei Flat in Choppy Trade Ahead of U.S. Data
Japan’s Nikkei ended flat in choppy trade on Friday as investors awaited the release of the U.S. monthly jobs report, which will set the tone for the Federal Reserve’s policy outlook, while bank stocks outperformed on higher yields. The Nikkei was flat at 18,918.20 points after traversing positive and negative territory.
Job Growth Seen Picking Up Speed in January
U.S. job growth likely accelerated in January, with wages expected to have increased steadily, suggesting a strong start for the Trump administration as it seeks to boost the economy and employment. Nonfarm payrolls probably increased by 175,000 jobs last month, in part as warm weather bolstered hiring in the construction sector, according to a Reuters survey of economists.
Global Gold Investment Demand For 2016 Hit Highest Level In 4 Years: Report
Global investment demand for gold jumped 70% year on year in 2016 to the highest level in four years, buoyed in part by the uncertain path of future interest-rate increases and the U.S. election, according to a report from the World Gold Council released Friday. Investment demand of the yellow metal rose to 1,561.1 metric tons in 2016, from 918.7 metric tons a year earlier, and inflows of gold into exchange-traded funds for the year were at their strongest since 2009, the WGC said.
China Stocks Fall as Central Bank Tightens Policy
China stocks snapped a five-day winning streak on Friday after Beijing unexpectedly raised short-term interest rates on the first trading day after the Lunar New Year holiday, in a further sign it has moved to a tightening policy bias. The blue-chip CSI300 index ended down 0.7 percent at 3,365.12 points, while the Shanghai Composite Index lost 0.6 percent to 3,140.65.
Morgan Stanley Throws Financial Advice to Future Super Bowlers
Ahead of Sunday’s big game, future NFL stars got a lesson in money matters from Morgan Stanley , as the investment firm helps athletes prepare for a career in pro football. Drew Hawkins, managing director and head of Morgan Stanley’s Global Sports & Entertainment unit, teamed up with former NFL linebacker Bart Scott to lead financial education programs at the recent Senior Bowl, a showcase for NFL Draft prospects.
FCC – Sneeds to help close divide
Like food, water and electricity, robust broadband connectivity is a must-have for anyone who wishes to fully participate in our 21st century digital economy.
European Stocks Set to Edge Higher Ahead of U.S. Payroll Report
European stocks are set to open modestly higher Friday ahead of key jobs data from the United States and increasing concerns over trade and foreign policy of President Donald Trump. European stocks are set to open modestly higher Friday ahead of key jobs data from the United States and increasing concerns over the trade and foreign policies of President Donald Trump.
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Ronette Cooley watches as she fills containers with water at a city fire station in the Lawrenceville section of Pittsburgh where water buffaloes are available for the public on Wednesday, Feb. 1, 2017. The city set up over a dozen spots across town … to distribute potable water after tests by the state Department of Environmental Protection showed low levels of chlorine in water at a facility that draws water from the city’s Highland Park reservoirs, prompting the closure of nearly two dozen schools and a boil-water advisory for 100,000 customers of the Pittsburgh Water and Sewer Authority.
Why is Asia demanding so much baby formula?
Getting more sales in that region was a major reason it gave for Thursday’s $16.7bn (A 13.3bn) bid for US firm Mead Johnson – the world’s second-biggest maker of the product.
FCC dialing up changes too late for CBS, Entercom deal
Sweeping changes are likely to come to the FCC under new leadership and President Trump in office, but will most likely not have any impact on the merger between Entercom and CBS Radio. “You can’t just suddenly change the rules, you have to go through a whole notice and comment procedure, then rule-making.
Ajit Pai and the FCC’s Role in ISP Privacy Regulation under President Trump
On January 23, 2017, President Donald Trump named Ajit Pai as Chairman of the Federal Communications Commission . In his previous role as the senior Republican on the FCC under President Barack Obama, Mr. Pai was an outspoken critic of the agency’s decision to assert jurisdiction over Internet Service Providers and its rules governing broadband privacy.
China Box Office: Stephen Chow, Jackie Chan Revive Growth for Record Holiday Haul
Total ticket sales over China’s vital New Year holiday period are up 13 percent, with blockbusters from Chow and Chan leading the pack. The latest blockbuster releases from the two icons helped fuel 13 percent growth in ticket sales over China’s week-long New Year holiday period.
Oil Rises on Threat of New Iran Sanctions
Oil prices edged up on Friday on news that U.S. President Donald Trump could be set to impose new sanctions on multiple Iranian entities, firing geopolitical tensions between the two nations. Comments by Russian energy minister Alexander Novak that oil producers had cut their output in accordance with a pact agreed in December also helped support prices, analysts said.
Nikkei Edges Down in Choppy Trade
Japan’s Nikkei edged down in choppy trade on Friday, as investors awaited the release of the U.S. monthly jobs report that will set the tone for the Federal Reserve’s policy outlook, while bank stocks outperformed on higher yields. The Nikkei dropped 0.4 percent to 18,843.67 points in mid-morning trade after flirting with positive territory.
China Raises Short-Term Interest Rates in Fresh Tightening Signal
China’s central bank surprised financial markets on Friday by raising short-term interest rates on the first day back from a long holiday, in a further sign of a tightening policy bias as the economy shows signs of steadying. While the rate increases were modest, they reinforced views that Chinese authorities are intent on both containing capital outflows and reining in risks to the financial system created by years of debt-fueled stimulus.