IBM gave a positive forecast for 2019 and beat analysts’ estimates for quarterly sales and earnings, led by its business that helps companies and governments manage their technology.
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TomTom will sell its Telematics fleet-management business to tyre manufacturer Bridgestone for $1-billion, freeing up resources to battle the likes of Alphabet for access to mapping technology in car dashboards.
The US has indicated it will pursue the extradition of a top Huawei executive, Canada’s ambassador to Washington said, suggesting the case might not be resolved in trade talks with China.
Lawmakers in Europe are set to test how important Google thinks its news aggregation service really is.
Elon Musk has backed himself into a corner with Tesla’s most crucial car. Some would-be customers have waited almost three years to take delivery of the Model 3,
DJI has unearthed cases of fraud involving its own employees that may trigger losses of about $150-million for the world’s largest drone maker.
Google is to take over part of fashion firm Fossil’s smartwatch technology in a $40-million deal to bolster its wearable efforts.
Tesla is to cut its workforce by about 7% after a difficult year for the electric car maker. “The road ahead is very difficult,” the company’s founder and CEO Elon Musk said in an e-mail to employees.
Netflix’s Bird Box, You and other new programmes helped attract millions more subscribers to the streaming service last quarter. But slower sales growth disappointed investors riding high on a 50% stock gain in recent weeks.
Oxford University is suspending research grants and funding donations from Huawei amid growing security concerns about the Chinese firm’s telecommunication technology.