News highlights – 30 January

Written by on January 31, 2017 in News with 0 Comments

News highlights for 30 January

REUTERS/Lucy Nicholson/File Photo

Microsoft supporting Washington State lawsuit against Trump immigration order

(Reuters) – Microsoft Corp said it has been cooperating with the Washington State Attorney General’s Office, which is suing in federal court to stop President Donald Trump’s order restricting immigration from several Muslim countries. Read more…

Dropbox heading for $1 billion in annual revenue

SAN FRANCISCO (Reuters) – File sharing and storage company Dropbox is on track to make more than $1 billion in annual revenue, company chief executive Drew Houston said at an event on Monday. Read more…

Sony takes a $1 billion hit on its movie business

TOKYO (Reuters) – Sony Corp will write down the value of its movie business by nearly 112.1 billion yen ($976 million) in the third quarter, blaming weaker film profits as online streaming services sap demand for movie DVDs. Read more…

Softbank eyes $1 billion investment in work space sharing start up

(Reuters) – SoftBank Group Corp is considering an investment of more than $1 billion in office-space sharing start-up WeWork, the Wall Street Journal reported, citing people familiar with the matter. Read more…

Nintendo cuts outlook, but operating profit looks healthy

OSAKA (Reuters) – Japanese videogames maker Nintendo Co Ltd on Tuesday said revenue from its nascent mobile gaming division helped it book its first profit in four quarters, but blunted the announcement with a one-third cut to its full-year outlook. Read more…

More mobile malware in Google’s Play store

Researchers say a piece of ransomware disguised as a battery app made its way into the Play store. Check Point says one of its customers contracted the malware app, dubbed “Charger,” after installing what they thought was a battery monitoring tool called EnergyRescue. Read more…

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