News highlights for 2 April
REUTERS/Toru Hanai/File Photo
Toshiba might miss reporting deadline – again. Shares tumble
TOKYO (Reuters) – Shares in Toshiba Corp tumbled on Monday after sources told Reuters that the troubled Japanese conglomerate would likely miss a third deadline to report its quarterly business results. Read more…
Apple to stop using Imagination Tech screens. Shares tumble
LONDON (Reuters) – Apple has given Imagination Tech notice that it will stop using its graphics technology in the iPhone and other products in up to two years’ time, dealing a major blow to the British company, which could lose half of its revenue. Read more…
Verizon hires Hans Vestberg as head of Network and Technology
As part of this structure, effective April 3, the company has hired Hans Vestberg, former CEO of Ericsson, as executive vice president for Verizon’s new Network and Technology team. Vestberg will report to Verizon Chairman and CEO Lowell McAdam. Read more…
New York Times app attack
(Reuters) – The New York Post apologized early on Sunday hours after its app was apparently hacked with what was reported to be alerts about President Donald Trump. Read more…
Blackberry proving itself as a software business – shares rise
(Reuters) – BlackBerry Ltd reported better-than-expected adjusted earnings for the sixth straight quarter, as the smartphone pioneer’s shift to the higher-margin software business paid off. Read more…
Smartwatch solution helps Singapore’s Changi airport run smoothly
Singapore Changi airport is now rolling out a new smartwatch solution by Tata Consultancy Services (TCS) that helps its ground staff increase operational efficiency and ensuring planes take off on time at one of Asia’s busiest airports. Read more…
Oculus boss leaves Facebook, reality hits
Oculus founder Palmer Luckey is stepping down from his position at parent company Facebook. The House of Zuck confirmed this week that Luckey, who had been serving as head of Oculus under Facebook, would be leaving today. Facebook acquired Oculus for $2bn in 2014. Read more…
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