Category: IT Services

Amazon Web Services says it’s working to repair disruption

Amazon.com’s cloud-computing service was beset by “high error rates” on parts of its S3 data-storage system, disrupting many internet sites and mobile applications that rely on the company for their online presences. “We are working hard at repairing S3, believe we understand root cause, and are working on implementing what we believe will remediate the issue,” the company said on its website at 11:35 a.m. in Seattle.

MacDonald, Dettwiler CEO: Head office may move from Vancouver to U.S. by 2019

Canada’s leader in space technology, MacDonald, Dettwiler and Associates Ltd., may end up moving its head office to the United States within two years, but that’s only one possible outcome of its proposed takeover of Colorado-based DigitalGlobe. The Vancouver-based company has made a firm commitment that DigitalGlobe’s ultimate parent will be a U.S. company by the end of 2019 _ although there’s been no decision yet about how that will be done, MDA CEO Howard Lance said Friday.

MacDonald, Dettwiler to buy satellite imaging company DigitalGlobe in $4.7-billion deal

One of Canada’s leading technology companies, MacDonald, Dettwiler and Associates Ltd., will buy Colorado-based DigitalGlobe, Inc. in a friendly deal valued at about $4.7 billion , including debt. Vancouver-based MDA – which has supplied technology for the International Space Station, the U.S. Space Shuttle program and satellite-based Earth imaging – is offering DigitalGlobe shareholders cash and stock worth US$35 per share.

MacDonald, Dettwiler to buy satellite imaging company DigitalGlobe in $4.7-billion deal

One of Canada’s leading technology companies, MacDonald, Dettwiler and Associates Ltd., will buy Colorado-based DigitalGlobe, Inc. in a friendly deal valued at about $4.7 billion , including debt. Vancouver-based MDA – which has supplied technology for the International Space Station, the U.S. Space Shuttle program and satellite-based Earth imaging – is offering DigitalGlobe shareholders cash and stock worth US$35 per share.

Yahoo sweetens Verzion deal with US$300m discount

Yahoo is taking a US$350 million hit on its previously announced US$4.8 billion sale to Verizon in a concession for security lapses that exposed personal information stored in more than 1 billion Yahoo user accounts. The revised agreement, announced Tuesday, eases investor worries that Verizon Communications Inc. would demand a discount of at least US$1 billion or cancel the deal entirely.&n… Yahoo is taking a US$350 million hit on its previously announced US$4.8 billion sale to Verizon in a concession for security lapses that exposed personal information stored in more than 1 billion Yahoo user accounts.

Business Highlights

Wal-Mart says its fourth-quarter results show it’s making headway in its efforts to better compete against online leader Amazon. It has bought smaller online companies, lowered prices, expanded its offerings and improved online services.

Yahoo salvages Verizon deal with A 280m discount

Yahoo is taking a 350 million dollar hit on its previously announced 4.8 billion dollar sale to Verizon in a concession for security lapses that exposed personal information stored in more than one billion Yahoo user accounts. Yahoo is taking a 350 million dollar hit on its previously announced 4.8 billion dollar sale to Verizon in a concession for security lapses that exposed personal information stored in more than one billion Yahoo user accounts.

Yahoo salvages Verizon deal with $350 million discount

Yahoo is taking a $350 million hit on its previously announced $4.8 billion sale to Verizon in a concession for security lapses that exposed personal information stored in more than 1 billion Yahoo user accounts. The revised agreement, announced Tuesday, eases investor worries that Verizon Communications Inc. would demand a discount of at least $1 billion or cancel the deal entirely.

DARPA sued as competition to build space robots heats up

Orbital ATK, a Dulles-based aerospace manufacturer, is suing the Defense Advanced Research Projects Agency over plans to award a Canadian firm a $15 million contract to build a fleet of space-faring robots capable of repairing government and commercial satellites. Satellites are often declared obsolete because of problems that could be fixed easily if the objects were accessible, and the satellites’ owners are saddled with the extra costs of sending replacements into orbit.

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‘s stock had its “hold” rating restated by SunTrust Banks, Inc. in a research report issued to clients and investors on Wednesday. A number of other equities analysts have also recently commented on the stock.

Rackspace Cutting 6% of US Workforce

Rackspace, which is facing pressure from competitors as its tries to stabilize and grow its own cloud computing business, is cutting about 6% of its US workforce, as well as a number of positions overseas. The news comes from a February 7 blog post by CEO Taylor Rhodes, who recently oversaw Rackspace’s $4.3 billion transition from a public to a private company.

Orbital ATK sues Pentagon over plans to award a space robots contract to a Canadian-owned firm

Orbital ATK, a Dulles-based aerospace manufacturer, is suing the Defense Advanced Research Projects Agency over plans to award a Canadian firm a $15 million contract to build a fleet of space-faring robots capable of repairing government and commercial satellites. Orbital argues the federal program, called the Robotic Servicing of Geosynchronous Satellites, would unfairly compete with its own privately funded effort, a system called the Mission Extension Vehicle 1, backed by at least $200 million from investors.

Bloomberg integrates Learning-to-Rank into Apache Solr

The Computer Weekly Open Source Insider blog takes a closer look at Bloomberg – as previously reported ,Bloomberg L.P. produces technology for financial markets. The firms software includes tools that can be used to track trading indices, perform financial ‘asset swapping’ functions broker platforms that work to perform what is known as multi-asset execution technology and algorithmic trading.

Amazon increasingly wants to be its own deliveryman

In this Thursday, Aug. 4, 2016, file photo, Amazon.com boxes are shown stacked near a Boeing 767 Amazon “Prime Air” cargo plane on display in a Boeing hangar in Seattle. Amazon’s announcement on Monday, Jan. 30, 2017, of a new air cargo hub in Kentucky is the latest way the e-commerce retailer is dipping its toe, or perhaps whole foot, into building out its shipping and logistics unit.

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Other equities analysts also recently issued research reports about the company. Canaccord Genuity restated a buy rating and issued a $825.00 price objective on shares of Amazon.com in a report on Tuesday, October 4th.

Yahoo revenue rises 15.4 pct amid Verizon deal uncertainty

Jan 23 Yahoo Inc reported a 15.4 percent rise in quarterly revenue on Monday, ahead of a proposed sale of its core internet business to Verizon Communications Inc . The company said on Monday that it was continuing to work with Verizon on the sale, and added that the deal was now expected to close in the second quarter.

Despite headwinds, future still bright for B.C. satellite technology firm MDA

Investors hoping a new American chief executive officer at MacDonald, Dettwiler and Associates Ltd. would help boost the shares of the satellite technology firm may have to be patient this year, analysts say. A weaker communications satellite market and some uncertainty around how much its initiative to boost its U.S. defence business will cost the company have been – and will continue to be – headwinds for the company, known as MDA.

How Amazon.com Is Becoming the Kind of Retailer It Hurt

In what seems like an ironic twist, Amazon.com is setting up bricks-and-mortar stores, but the company has some high-tech tricks up its sleeve that could transform the shopping experience. As more and more bricks-and-mortar stores beef up their online platforms, Amazon.com is rerouting its online audience to the very physical market it once disrupted .