tech and geek stuff
Buy 'repatriation stocks' because that is sure to make the cut in the final tax bill, UBS says
Investors shouldn't wait to find out the exact details of Washington's tax reform, but instead immediately buy shares in the companies that will benefit from the parts of the legislation most likely to...
Here are the 7 companies a Citi analyst thinks Apple could buy
Apple could use its massive cash hoard to buy Netflix or one of six other major U.S. companies, to the benefit of shareholders, according to a Citigroup analysis. On Tuesday, Apple reported another increase...
Wall Street's Dean of Valuation has some interesting advice for Apple: Do nothing
Over the last few years, the iPhone maker has generally used its cash for regular increases in share buybacks and dividends. Analysts expect another when Apple reports after the bell. "Given the tax restraints,...
Going cashless to fight rising financial crime
"Cash plays a big role in crime. I think there's a reason cash is king," says Harvard economist Kenneth Rogoff, who has written extensively on the costs and benefits of phasing out paper currency. "Even...
Banks shift from plastic to phones at ATMs
Customers who do not want to fumble around in their wallet for their ATM card — or who have misplaced it for the umpteenth time — will soon be able to unlock cash dispensers’ coffers by using their phone....
Apple's doing well — here's how it could do even better
"Apple is doing well but it has the potential to do so much better. The economy is doing well, but it obviously has the potential to do much better," said Morris Mark, founder of Mark Asset Management,...
Apple's cash hoard swells to record $246.09 billion
Apple's enormous cash hoard grew to $246.09 billion in the fiscal fourth quarter, up $8.49 billion from the previous quarter. That figure is larger than Sri Lanka's estimated 2016 gross domestic product,...
Sears agrees to sell Craftsman brand in a bid to raise cash
At a tough time for Sears Holdings, the beleaguered retailer has collected some much-needed cash — by selling one of its most beloved brands. The company said on Thursday that it had sold its Craftsman...
South Korea to kill the coin in path toward ‘cashless society’
Hand over your coins. That is the message being sent by the central bank in South Korea as one of the world's most technologically advanced and integrated nations eyes the advent of a "cashless society."...
Nasdaq CEO: What I want to see from the Trump administration
Repatriating the "hundreds of billions of dollars" of cash kept offshore by companies should be one of the top priorities for Donald Trump's administration, the chief executive of the Nasdaq said Wednesday....
Ex-GM vice chair blasts Tesla, saying supporters 'like members of a religious cult'
It's safe to say Bob Lutz, who spent nearly 50 years working at established automakers, does not think much of Tesla and its co-founder Elon Musk. The former General Motors vice chairman took Tesla to...
Tesla plans to raise more cash this year
Tesla plans to raise additional cash this year to help fund development and production of its new Model 3 sedan and build out a giant battery factory, the company said on Wednesday. The electric carmaker...
Faced with crunch, Tesla plans to raise additional cash this year
(Reuters) - Facing a severe cash crunch, Tesla Motors Inc plans to raise additional money this year to help fund development and production of its new Model 3 sedan and build out a giant battery factory,...
Netflix drops 15% as subscriber numbers disappoint
The stock has struggled this year, falling more than 13 percent, as analysts raise concerns about growing competition, slowing subscriber growth and the company's cash burn. CEO Reed Hastings has said...
What VW drivers should know about the giant emissions settlement
What VW drivers should know about the giant emissions settlement Under the largest automotive class-action settlement in U.S. history, people who own or lease about 475,000 Volkswagen and Audi 2.0-liter...
Worldpay: SMBs Must Adopt New Payment Methods or Face Extinction
Reluctance to introduce new systems could see up to 60,000 British small businesses facing the chop as consumers ditch cash for cards. By Michael Moore Britain's small business are being put at risk by...
Uber is getting a $3.5 billion cash infusion from Saudi Arabia
SAN FRANCISCO – Uber said Wednesday it is getting a massive cash infusion from Saudi Arabia.The oil-rich nation’s sovereign investment fund is putting $3.5 billion into the global transportation company,...
Sprint Selling More Assets in Fight for Long-Term Profitability
Sprint is selling some equipment to raise $1.1 billion, while also receiving a $2 billion bridge loan for 18 months as it gathers more cash. Sprint is continuing to corral a growing pile of cash liquidity...
AbbVie acquiring cancer drug startup StemcenTrx for $5.8 billion
Drug research giant AbbVie announced a deal to buy cancer drug startup Stemcentrx in a $5.8 billion cash and stock deal this morning. The terms of the deal include $2 billion in cash and...
Ride Uber? Better carry cash for tips, or else (CNET Update show notes) - CNET
Drivers for the car service may start asking for tips, resulting in awkward rides for those without cash. Meanwhile, music service Tidal gets a boost from Beyonce's "Lemonade," but the album is also on...
EMC's Q1 Earnings Don't Quite Stack Up to Projections
First-quarter net income was $268 million, while revenue was flat from a year earlier at $5.48 billion. EMC, in transition mode while awaiting the final fiscal and legal determinations of its acquisition...
Why Yahoo could sell for less than cash on hand
Youssef Squali, an analyst at Cantor Fitzgerald, sets his price target on the assumption that Yahoo will sell its core operating business at a 40 percent tax rate, for $3.74 per share. By a sum-of-the...
Daily Briefing, April 9
The reduction is the result of an expiring surcharge that had been put in place in January 2014 to help the beleaguered Postal Service recoup $4.6 billion in losses dating back to the recession. The still-struggling...
Sprint Selling Assets to Raise Cash as a Way to Manage Debt
The company plans to bring in $2.2 billion in cash by selling existing cell tower gear, which it will buy back later as its finances improve. Sprint, which has been consistently losing money for some...
With $275M and counting in Model 3 pre-orders, how can Tesla handle that cash?
A side view of the Model 3.Megan GeussTesla launched its low-cost Model 3 last week, and customers responded with a plethora of pre-orders. CEO Elon Musk has been tweeting updates on the early interest...
Tesla, buoyed by strong Model 3 orders, may need more cash
(Reuters) - An initial flurry of orders has put Tesla Motors' new Model 3 sedan off to a fast start, but the company may need to raise more cash if it hopes to deliver the new electric vehicle to customers...
Square Cash now lets users store funds in a digital 'Cash Drawer'
What's Hot on ZDNet If they awarded Oscars for smartphones: The 10 best handsets 2006-2016 Why Android and even Windows might make it onto the Raspberry Pi 3 Google, Microsoft, Apple: Where does the money...
Square Cash’s Fast Payments App Can Now Hold A Balance
Square Cash, the peer-to-peer payments app that aims to replace cash by offering instant deposits, rolled out another feature today that better positions the app to challenge competitors like PayPal...
Spare is an app that cuts out the ATM so you withdraw cash from your nearest shop - CNET
Walking into a store and demanding cash from the register usually ends badly for all concerned -- but an app called Spare replaces a stocking mask and a sawn-off when you want to withdraw cash straight...
Uber Begins To See The Payout From Accepting Cash Payments
What does it take for a company to move away from a core feature that is central to its identity? Last May, Uber broke from its tradition of only accepting payment via card. The U.S. company began a pilot...
Tarantula Species Named After Johnny Cash
Celebrities often have streets or buildings named after them, but famed singer-songwriter Johnny Cash has a tarantula named after him. The spider, Aphonopelma johnnycashi, was one of 14 new spiders discovered...
Confirmed: Practice Fusion Lays Off 25% Of Workers To Create Positive Cash Flow
Practice Fusion, a startup digitizing electronic health records (EHR) for hospitals and healthcare facilities confirmed to TechCrunch that it has trimmed a quarter of its workforce today in an effort...
More ways you can use ATMs with your smartphone
Welcome to the era of card-free ATMs, where you can get cash with your smartphone. Major banks like JP Morgan Chase and Bank of America are heading toward the card-free route, while Apple Pay is factoring...
Twitter has 412 years in cash to fix itself
Twitter's stock is crashing. The management is in upheaval. But it has one giant thing going for it - $3.5 billion in cash. The company's luck or skill at raising money - and not burning much - gives the...
Developing World Leapfrogs to Cashless Society
Major credit card companies are expanding their efforts in emerging economies to help move from traditional cash exchange to electronic processing of transactions. From merchants in local markets to full...
Malwarebytes secures $50 million cash injection from Fidelity
Malwarebytes has secured $50 million in funding from investment firm Fidelity Management and Research. The cash injection, announced on Thursday, was raised in a Series B funding round. Malwarebytes intends...
9 tech companies are dangerously burning cash
Flags advertise a display set up by the Skullcandy Headphones company outside the Las Vegas Convention Center.(Photo: USAT) The tech boom is quickly turning into a bust. Now, this tech implosion is prompting...
Mobile wallets finally gain currency, starts to innovate
Comments Written by Nandagopal Rajan | New Delhi | Published:January 19, 2016 6:24 pm Credit card penetration in India is still quite low but mobile wallets are slowly starting to fill this gap with widespread...
BT deal to buy German-French mobile venture is cleared
According to previously announced details of the transaction, Deutsche Telekom will get new shares equal to 12 percent of BT and a small cash payment, while Orange will receive a 4 percent stake and 3.4...
Why it's just as tough to be a Chinese unicorn
That presence is even more pronounced in Asian markets, where huge, publicly traded Chinese companies are becoming the main source of capital, as individual investors and VC funds try to salvage their...
In Sweden, a cash-free future nears
Cards are still king in Sweden — with nearly 2.4 billion credit and debit transactions in 2013, compared with 213 million 15 years earlier. But even plastic is facing competition, as a rising number of...
Just how much cash does Apple have?
Apple reported quarterly earnings and revenue on Tuesday that beat analyst expectations, and its cash hoard is bigger than ever. The company revealed that its cash pile once again topped $200 billion,...
Alphabet soon may be valued more than Apple, the most-valued public company
Apple shares have lagged big-cap tech peers' this year(Photo: S&P Capital IQ) SAN FRANCISCO — The stock market is signaling that the operations of Google’s parent company, Alphabet, soon will be valued...
iBuy iTunes to sell for profit in China
Punters with up to $1 million in cash are walking into big retailers to buy local iTunes cards, which have become a hot commodity in China.Police say in one case a shopper turned up with a suitcase full...
Sweden is becoming the world's first cashless society
For decades, economists have been talking about 'cashless societies' - where all transactions are performed digitally. No country in the world has yet made that a reality, but a few are getting close,...
Cash reward for Google.com takeover
A man who briefly bought and owned the Google.com web domain has been rewarded by the search giant. An administration oversight allowed US student Sanmay Ved to buy the right to control the domain on 29...
How technology is helping deliver aid to Syrian refugees in the Middle East
Digital delivery of aid The traditional approach to aid is physical goods – tents, blankets, household goods and food – called “in-kind aid”. This is slowly being replaced by financial aid, allowing beneficiaries...
What Facebook CEO Mark Zuckerberg is more afraid of than screwing up his $438 billion company
VISIT CNBC.COMX The Definitive Guide to Business The Definitive Guide to BusinessWhat Facebook CEO Mark Zuckerberg is more afraid of than screwing up his $438 billion company Catherine Clifford Friday,...
Fighting fake news: how Google, Facebook and others are trying to stop it
Tech giants like Google, Facebook and Wikipedia are undertaking a concerted effort to crack down on the dissemination of fake news. While some may cry “fake news” to any story they disagree with, fake...
Facebook is using a familiar strategy in its original video push: Youth first
Partnering with companies whose often-irreverent content is targeted at millennials makes sense for anyone who's ever visited Facebook's home offices in Menlo Park, California. Walking around the company's...
Facebook can be cable for the next generation: Ben Lehrer
Facebook could become the next generation's version of cable if it continues to encourage digital media companies to make video content, said Ben Lehrer, CEO of Group Nine Media. "We're in a pretty interesting...
I regard the brain as a computer which will stop working when its component fail. There is no heaven or afterlife for broken-down computers. That is a fairy story for people afraid of the dark