Intel’s CEO, Brian Krzanich, has resigned. The giant chip maker’s chief financial officer, Bob Swan, has been named interim CEO until a permanent replacement can be found. Krzanich fell on his sword after
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Deutsche Telekom’s T-Systems computer services unit is cutting more than a quarter of its positions to reduce costs after draining money for years. The unit will cut as many as 10 000 jobs, of which
Facebook co-founder Mark Zuckerberg came within a whisker of leapfrogging Warren Buffett as the world’s third-richest person on Wednesday. Zuckerberg, more than half a century younger than the Berkshire
TuneIn, the online radio service, has enlisted LionTree Advisors to help the company evaluate strategic options, including a possible sale. TuneIn hired the boutique investment bank in recent weeks, CEO John
21st Century Fox has accepted a sweetened, $71.3-billion bid from Walt Disney Co for its entertainment assets, outbidding Comcast in a battle for one of the media industry’s biggest prizes. The $38/share price is about
Facebook’s photo-sharing app Instagram has reached a billion monthly active users. To spur future growth, the company announced a new feature: Instagram television. Anyone will be able to upload videos for Instagram’s new
Cryptocurrencies dropped after the second South Korean exchange in as many weeks said it was the victim of a theft, renewing concerns about the safety of digital-asset trading venues. Bithumb, ranked by Coinmarketcap
With batteries getting cheaper and governments promoting their use, electric vehicles are going to be sucking up a whole lot more of the world’s power in coming years. How much? About 9% of total global electricity demand
Ethiopia will split its state-owned telecommunications company and sell stakes in the two new entities piecemeal to international operators, Prime Minister Abiy Ahmed said. Ethiopian Telecommunications, or EthioTelecom
A disgruntled Tesla employee broke into the company’s manufacturing operating system and sent highly sensitive data to unknown third parties, according to an e-mail Elon Musk sent to staff. The worker, who had been denied