Maria Deutscher
Latest from Maria Deutscher
Symantec’s stock plunges over 30 percent amid internal investigation
Shares of Symantec Corp. tanked more than 33 percent today to their lowest level in nearly two decades following the revelation that it has launched a internal audit to investigate concerns brought by a former employee. The cybersecurity company made shareholders aware of the probe during its fourth-quarter earnings call late Thursday. Executives scrapped their usual ...
Amid growing rivalry, Amazon reportedly cuts ad buys from Google
Market data and a new leak suggest that Amazon.com Inc. has significantly cut back on efforts to target shoppers via Google search results as it ramps up its competing advertising business. The news was broken today by Bloomberg, which cited “people familiar with the decision.” The tipsters’ information is backed up by research from Merkle Inc., a ...
Report: Apple will launch a credit card in partnership with Goldman Sachs
Apple Inc. is teaming up with The Goldman Sachs Group Inc. to release a credit card as early as the beginning of 2019, the Wall Street Journal reported this morning. The publication’s sources said the firms are still hammering out the details. However, there’s already some information about what benefits the card could offer. The ...
After $363M round, stock trading app Robinhood now valued at $5.6B
Two months after it was reported that Robinhood Markets Inc. had engaged investors about raising a significant new funding round, the rumor has proven true. The startup, which stands behind the hit stock trading app of the same name, today announced that it has received $363 million in venture funding. Five-year-old Robinhood is now valued ...
Wal-Mart to pay $16B for majority stake in Indian e-commerce giant Flipkart
Wal-Mart Stores Inc. today announced that it has struck a massive $16 billion deal to acquire a majority stake in Flipkart Group, the leader of the increasingly important Indian e-commerce market. The brick-and-mortar giant is set to receive a 77 percent stake in return for the investment. The acquisition is the culmination of negotiations that ...
Mozilla goes after the enterprise with new security-focused Firefox release
The Mozilla Foundation this morning rolled out a new release of Firefox aimed at providing an alternative to Google Inc.’s Chrome for large enterprises. The upgrade brings several significant enhancements, chief of which is a configuration mechanism for customizing employees’ browser installations. The addition is designed mainly to help organizations shield their workers from malicious websites and ...
Microsoft brings Red Hat’s container development platform to Azure
Hot on the heels of releasing new artificial intelligence services for Azure, Microsoft Corp. is again bolstering the cloud platform through a collaboration with Red Hat Inc. focused on software containers. As part of the alliance, the duo this morning unveiled Red Hat OpenShift on Azure. It’s a managed version of the latter firm’s OpenShift platform, ...
Toshiba has reportedly ‘mostly given up’ on the $18B sale of its flash unit
A year after Toshiba Corp. reached a landmark $18 billion deal to sell its flash memory business to a consortium backed by Apple Inc., it’s looking unlikely that the transaction will go through. A report published in the Wall Street Journal today cited sources as saying that the Japanese company has “mostly given up” on ...
Cyberattack simulation startup SafeBreach lands $15M in funding
SafeBreach Inc. takes a vastly different approach to network protection than most cybersecurity providers. The Sunnyvale, California-based startup sells software that enables companies to probe their systems for weak points using the same tactics an attacker might employ as part of a hacking campaign. SafeBreach today announced that its unusual approach has attracted $15 million ...
Microsoft’s new Brainwave Project provides high-speed AI chips in the cloud
Microsoft Corp. unveiled an array of new cloud services at its Build developer conference today aimed at enabling organizations to apply artificial intelligence more effectively. The lineup is headlined by an experimental offering called the Brainwave Project. It provides access to specialized chips within Microsoft’s cloud data centers that have been configured for the sole ...
