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SunEdison drops $2.2B to acquire Vivint Solar

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SunEdison, the world’s largest renewable energy development company, announced a definitive agreement to buy Vivint Solar, one of the largest providers of residential rooftop solar systems.
The deal accelerates SunEdison’s efforts to become a leadi…

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Woman recruited by Google four times and rejected, joins suit

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There was something about Cheryl Fillekes that Google really liked. Over a seven-year period, Fillekes was contacted by Google recruiters four different times for jobs. In each case, she did well enough in the phone interviews to get an invitation …

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Five arrested in JPMorgan hacking case

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U.S law enforcement officials have arrested five individuals who reportedly were involved in the high-profile 2014 computer hacking of JPMorgan.Three of the individuals were arrested for stock manipulation while the other two were arrested for runni…

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In Q2, Yahoo spent a pretty penny to achieve unusual growth

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Yahoo reported on Tuesday an uncharacteristic rise in revenue for the second quarter, but it came with a hefty sum spent on boosting its search traffic.

Total sales for the period ending June 30 were US$1.24 billion, up 15 percent from the previous year. In the company’s announcement, CEO Marissa Mayer called it the most substantial growth in revenue in nearly nine years.

Yahoo’s revenue from search ads and display ads both grew, at rates of 22 percent and 15 percent, respectively.

It would appear that Mayer’s efforts to turn around the struggling Internet portal have begun to pay off. Yahoo has struggled in recent years to grow its ad sales and attract users to its various online properties.

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Orange in talks with Airtel, may gain largest African footprint

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Orange Telecoms would emerge the largest mobile operator in Africa if discussions it has started with India’s Airtel yield an acquisition agreement.

The companies said Monday that they are exploring the possible acquisition by Orange of Airtels subsidiaries in Burkina Faso, Chad, Congo Brazzaville and Sierra Leone; if that comes to pass, Orange will have the biggest geographical footprint of any mobile operator on the continent.

Airtel offers 2G, 3G services and Airtel Money across 17 African countries while Orange is present in 16. An acquisition would give Orange a better position in West Africa, particularly in French-speaking countries, where it has a strong footing.

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To Cisco-backed Sensity, lights are just IoT waiting to happen

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Cisco Systems is tightening its relationship with Sensity Systems, a Silicon Valley startup that wants buildings and cities now adopting LED lighting to embrace the Internet of Things.

Sensity makes sensors and computers designed to be integrated with LED lights that can go into existing outdoor light fixtures. With Sensity’s gear, the fixtures can do more than light up the streets and parking lots where they’re installed. Its cameras, thermometers and other sensors can tell a lot of stories about what’s going on under the lights. Parking, security and pedestrian traffic are key applications.

As lighting owners move to LED to save energy, Sensity wants to usher them into the age of IoT and data analysis. It estimates there are about 4 billion outdoor light fixtures around the world and most will be converted to LED over the next 10 to 15 years.

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Microsoft reports first quarterly loss since 2012 after Nokia write-down

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Microsoft has reported its first quarterly loss in three years, largely as a result of a $7.5 billion write-down for its acquisition last year of Nokia’s devices and services business.

Microsoft’s net loss for the quarter, the fourth of its fiscal year, was $3.2 billion, compared to $4.6 billion in profit during the same period a year earlier, the company announced Tuesday. That translated into a loss of $0.40 a share. Microsoft’s quarterly revenue declined more than 5 percent year over year to $22.2 billion.

 

The news comes after a few tumultuous weeks for the company. Microsoft announced two weeks ago that it was cutting 7,800 jobs to streamline its smartphone hardware business.  The company also transferred technology and employees from the Bing Maps team to Uber and sold part of its display advertising business to AOL.

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Apple, IBM release 10 new apps, incorporating analytics and iBeacons

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Apple and IBM’s enterprise partnership has yielded 10 new apps, including one that targets business travellers and others that make use of predictive analytics and iBeacons.

The companies said last July they were working together to build apps for industries like health care, retail, and insurance. IBM also said it would sell and support Apple hardware.

The first 10 apps came out in December, with further batches following in March and April. With the latest announcement, the companies have launched almost three dozen apps.

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Nokia Here said to be snatched up by Audi, BMW and Daimler for $2.7B

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Audi, BMW and Daimler will jointly purchase Nokia’s Here digital mapping service for roughly $2.7 billion, and they plan to invite other auto makers to take a stake in the company as well, according to reports published on Tuesday.

The deal could be signed in the next few days, with an announcement targeted for next week, according to separate reports in the Wall Street Journal, Bloomberg and German publication Manager Magazin. All reports were based on anonymous sources familiar with the deal.

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Google grabs Pixate to improve its apps, and others

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Google has acquired Pixate, whose app-prototyping service could help Google make better apps of its own.

Pixate provides a suite of tools to help mobile developers design and prototype their apps. Thousands of mobile designers at companies including Amazon, Apple and Facebook—and Google—have used its services, the company says.

The Google acquisition will help Pixate expand its service to improve the app development process for many more designers across iOS, Android and other platforms, the company said Tuesday.

Pixate will live on as a standalone service. But its tools will also aid in Google’s own development processes. This would include material design, Google’s new design aesthetic to unify the look and feel of its various apps and online services. Google released a material design guide for Android L at its I/O conference last year, partly in an effort to compete against the slick design of Apple’s services.

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