Hortonworks Teams With Neustar

Hortonworks Teams With Neustar

Hortonworks said Wednesday it has teamed with Neustar to create business-friendly security and identity management tools for Internet-of-Things (IoT) devices. Hortonworks’ connected data platforms enable Neustar to extend its OneID identity management to the open source community, utilizing Hortonworks Data Platform and Hortonworks Data Flow. No financial details were provided. Stock in Hortonworks was up more than 4% in morning trading, while Neustar was flat.

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Technology Stocks Opens Tuesday Session Mixed

Technology Stocks Opens Tuesday Session Mixed

Technology shares were mixed as the regular session started Tuesday. In technology stocks news, Mentor Graphics (MENT) was up marginally after it said in a Securities and Exchange Commission filing the U.S. Federal Trade Commission granted early termination, effective immediately, of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act for Siemens’ pending acquisition of the company. And, Spark Networks (LOV) was up 1% after a former executive said […]

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Yahoo Data Breach Reportedly Has Verizon Rethinking Acquisition Plans

Yahoo Data Breach Reportedly Has Verizon Rethinking Acquisition Plans

The massive data breach at Yahoo that compromised as many as one billion users may have Verizon Communications (VZ) rethinking its plans to acquire the Sunnyvale, California-based tech giant. Verizon said in July it would acquire Yahoo for $4.8 billion, a year after purchasing AOL for $4.4 billion in a bid to broaden the communications company’s internet business. Yahoo said in a statement Wednesday that it has “taken steps to […]

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Qualcomm Plans to Collaborate With Alphabet’s Google

Qualcomm Plans to Collaborate With Alphabet’s Google

Qualcomm said Tuesday its subsidiary, Qualcomm Technologies, intends to collaborate with Alphabet’s Google to add support for the new Android Things operating system (OS) in Qualcomm Snapdragon processors. Shares of Qualcomm climbed more than 2% intraday. Android Things is a new vertical of Android designed for Internet of Things (IoT) devices, the company said in a statement. By using their expertise in Android and Snapdragon processors to support the development […]

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Technology Stocks Mostly Firmer In Pre-Market Trade

Technology Stocks Mostly Firmer In Pre-Market Trade

Technology shares were mostly firmer in pre-market trade on Monday. ┬áIn technology stocks news, Orbotech (ORBK) was up 4.9% after it said it received an order worth $61 million for its inline and offline inspection and testing solutions from BOE Technology Group, a Chinese maker of flat panel displays. Orotech’s testing solutions will be used for the mass production of flat panel displays for very large size televisions. And Citrix […]

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Qualcomm Plans to Support Amazon Web Service’s New Greengrass Platform Across Portfolios

Qualcomm Plans to Support Amazon Web Service’s New Greengrass Platform Across Portfolios

Qualcomm said Wednesday that its subsidiary, Qualcomm Technologies, will support Amazon’s (AMZN) Amazon Web Services Greengrass platform across a variety of its portfolios. The Greengrass platform is set to expand AWS Internet of Things and Lambda to customers’ devices and programs, using the same programming that is used in the cloud. The company said the pairing allows “for the use of both local device and cloud-based storage, as well as […]

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Stock Indexes Mixed in Early Trading

Stock Indexes Mixed in Early Trading

Stock indexes were mixed in early trading on Wednesday amid a wave of economic reports. Orders for manufactured goods soared 4.8% in October, well above expectations for a gain of 1.5%. Excluding transportation orders, durable goods orders increased 1.0% beating estimates for a gain of 0.2%. Jobless claims came in higher than expectations, but only by a small margin. About 251,000 people filed for unemployment in the week that ended […]

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Facebook Set to Hire 500 Additional Staff in London

Facebook Set to Hire 500 Additional Staff in London

Social media company Facebook unveiled plans to hire an additional 500 people in London on Monday in a move which has viewed as a welcome sign of the continued competitiveness of the British capital following the nation’s surprise vote to leave the European Union (EU) in a referendum earlier in the year. The San Francisco-headquartered company, which already has around 1,000 people working in its London office is to raise […]

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Facebook Up 2%, Trying to Tackle Fake News

Facebook Up 2%, Trying to Tackle Fake News

Facebook is up more than 2% after some employees reportedly have formed an unofficial task force to address the way it deals with fake news in the wake of the US presidential election results. Although CEO Mark Zuckerberg discounted the amount of fake news on Facebook, sources told the Guardian the company has taken this very seriously and has been looking into it for months. According to Gizmodo, Facebook executives […]

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Amazon.com Hires EverPower to Install Second Wind Farm in Ohio

Amazon.com Hires EverPower to Install Second Wind Farm in Ohio

Amazon.com’s unit Amazon Web Services hired EverPower to install its second wind farm in Ohio, which will start generating electricity in December next year and provide power to data centers. The 189 megawatt wind farm will generate 30,000 megawatt hours (MWh) of wind energy annually, the company said on Tuesday. EverPower will build, own and operate the wind farms. This is Amazon’s fifth US renewable energy project. Amazon Web Services […]

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Stock Indexes Modestly Lower in Early Trading on Lower European, Japanese Equities

Stock Indexes Modestly Lower in Early Trading on Lower European, Japanese Equities

Stock indexes were modestly lower in early trading Tuesday amid mixed earnings reports and lower European and Japanse stocks. European equities wobbled on disappointing quarterly results and pressure on the banking sector. In corporate news, shares of Pfizer (PFE) are lower after the drug maker reported below consensus third-quarter earnings and lowered the top end of its 2016 guidance. Coach (COH) fiscal first-quarter earnings met Wall Street estimates on below-consensus […]

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Amazon.com’s Cloud Computing Unit ‘Holding Up Nicely’ With Growth, Canaccord Says

Amazon.com’s Cloud Computing Unit ‘Holding Up Nicely’ With Growth, Canaccord Says

Amazon.com (AMZN) reported a 55% increase in revenue for its cloud computing segment, where growth and profitability are “holding up nicely,” according to Canaccord Genuity technology analyst Michael Graham. Amazon Web Services net sales climbed to $3.23 billion in the three months ended Sept. 30, from $2.09 billion a year earlier, the company said in a statement late Thursday. Consolidated sales for the wider retail giant increased 29% to $32.71 […]

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Asian ADRs Trade Lower in Thursday Trading

Asian ADRs Trade Lower in Thursday Trading

American depository receipts of Asian stocks were trading 0.13% lower at 145.17 on the Bank of New York Mellon Asia ADR Index on Thursday. In North Asia, the gainers were led by Japanese financial services firm Nomura (NMR), and Kingtone Wirelessinfo Solution (KONE), a provider of mobile enterprise solutions, which rose 4.7% and 4.1%, respectively. They were followed by IT company ChinaCache (CCIH), and financial services firm Orix (IX), which […]

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Microsoft Unveils Windows 10 Update With 3-D Capabilities

Microsoft Unveils Windows 10 Update With 3-D Capabilities

Microsoft (MSFT) is bringing an update to its Windows 10 software that will allow users to create in a 3-D version of its Paint graphics application. The technology giant also unveiled Surface Studio, a monitor with an ultra-high definition screen that works with pen, touch and Surface Dial, an input device that lets you use two hands on the screen, which was also launched Wednesday. The Windows 10 update will […]

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Caterpillar Slides 2% Pre-Bell – Q3 EPS Beats, Revenues Misses Views; Cuts FY16 Outlook

Caterpillar Slides 2% Pre-Bell – Q3 EPS Beats, Revenues Misses Views; Cuts FY16 Outlook

Shares of Caterpillar (CAT) were sliding 2% pre-market Tuesday after the company reported mixed Q3 results and lowered its guidance on FY16 adjusted EPS and revenues below analysts’ forecasts. Q3 adjusted EPS was $0.85 per share, down from $1.05 per share a year earlier but higher than the $0.76 per share consensus compiled by Capital IQ. Revenues fell to $9.16 billion from $10.96 billion and missed the $9.88 billion mean […]

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Aduro Biotech Slumps 9% on Partial Clinical Hold to Pause New Patient Enrollment in LADD Study

Aduro Biotech Slumps 9% on Partial Clinical Hold to Pause New Patient Enrollment in LADD Study

Aduro Biotech (ADRO) is down 9% after the company said it received notice from the U.S. Food and Drug Administration (FDA) that trials with investigational agents based on its LADD (Listeria-based immunotherapy construct) platform have been placed on partial clinical hold to pause new patient enrollment. The partial hold was initiated after the FDA was notified a blood culture sample from an indwelling port of a metastatic pancreatic cancer patient […]

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ManpowerGroup Reports Q3 EPS & Sales Above Street Views; Mid-Point of Q4 EPS Guidance Above Estimate

ManpowerGroup Reports Q3 EPS & Sales Above Street Views; Mid-Point of Q4 EPS Guidance Above Estimate

ManpowerGroup (MAN) shares rose after the company reported a Q3 adjusted earnings of $1.87 per share compared with an income of $1.61 per share a year ago, handily beating the $1.72 average estimate from analysts polled by Capital IQ. Sales over the three months that ended Sept. 30 rose to $5.09 billion from $4.97 billion a year ago, coming in comfortably above the $4.99-billion consensus. The company expects Q4 diluted […]

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UK Budget Deficit Widens in September Limiting Stimulus For Britain’s Finance Chief

UK Budget Deficit Widens in September Limiting Stimulus For Britain’s Finance Chief

The UK budget deficit widened more than expected in September and was on course to miss the target set by the country’s public finances watchdog. The unexpected increase will likely complicate the task of Philip Hammond, the British finance chief, who said he’s looking into ways of how fiscal policy can soften the blow from the vote to leave the European Union. The September shortfall increased to 10.6 billion pounds […]

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Microsoft Expected to Post Slight Year-on-Year Growth in First-Quarter Earnings, Revenue

Microsoft Expected to Post Slight Year-on-Year Growth in First-Quarter Earnings, Revenue

Microsoft (MSFT) is expected by analysts to report slight year-over-year increases in fiscal first-quarter adjusted earnings and revenue on Thursday afternoon, with analysts hoping for signs of server-products growth, improving commercial-cloud margins and abating foreign-exchange headwinds. On average, for the quarter ended in September, analysts expect Microsoft to post adjusted earnings per share of $0.68, up slightly from $0.67 a year earlier, according to the mean estimate of analysts polled […]

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ChemoCentryx Says Phase 2 Trial of CCX168 in Atypical Hemolytic Uremic Syndrome Shows Inhibition in Thrombus Formation

ChemoCentryx Says Phase 2 Trial of CCX168 in Atypical Hemolytic Uremic Syndrome Shows Inhibition in Thrombus Formation

ChemoCentryx (CCXI), a biopharmaceutical company, reported Monday that its ongoing phase 2 trial of CCX168 for the treatment of atypical hemolytic uremic syndrome demonstrated a mean decrease in thrombus size of 83% after 14 days of dosing. The ongoing study demonstrated that three patients showed 100% inhibition of thrombus formation and one patient showed greater than 30% inhibition. “We are especially encouraged to find that with CCX168 treatment a complete […]

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Upbeat Chinese Inflation Data Revives USD/JPY

Upbeat Chinese Inflation Data Revives USD/JPY

The dollar recovered most of Thursday’s loss against the yen last night when encouraging Chinese inflation data took some of the sting from yesterday’s disappointing trade data. Producer prices increased for the first time since 2011 and extinguished the safe-haven bid for the yen, driving USD/JPY back over 104.00 to the session high of 104.40. However, there still remains a thick band of resistance at 104.46, the 62% retracement of […]

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Alphabet Given Extra Time To respond To EU Antitrust Allegations

Alphabet Given Extra Time To respond To EU Antitrust Allegations

Alphabet’s (GOOG) Google unit has been given until Nov. 7 to counter EU antitrust charges it unfairly demotes rival shopping services in search results, according to a report from Reuters. The company was due to respond to the accusations on Thursday but requested more time to prepare its defense. “Google asked for additional time to review the documents in the case file,” a European Commission spokesman said in the report. […]

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Verizon Says Yahoo Email Data Breach Could Deal Material Blow to $4.83 Bln Acquisition

Verizon Says Yahoo Email Data Breach Could Deal Material Blow to $4.83 Bln Acquisition

Verizon (VZ) general counsel, Craig Silliman, was cited as saying in a Reuters report Thursday the company has a “reasonable basis” to believe that Yahoo’s (YHOO) data breach of at least 500 million email accounts represents a material impact that could allow Verizon to withdraw from a $4.83 billion deal to buy Yahoo. The data breach could trigger a clause that could allow Verizon to withdraw from the deal, Silliman […]

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Energy Shares Chart Path Lower as US Stocks Retreat

Energy Shares Chart Path Lower as US Stocks Retreat

Stocks in the US swung back into sell mode on Tuesday, with energy stocks leading declines among all 10 of the Standard & Poor’s 500 sectors as crude prices fell. Investors put pressure on equities once more ahead of next week’s pivotal Federal Open Market Committee meeting, which is preceded this week by key data on inflation, retail sales and manufacturing. The probability that interest rates will increase this month […]

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