Category: Business

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Maximum Fine Issued to Facebook by UK’S ICO Over Cambridge Analytica Scandal

£500k Fine for Facebook / 15 mins of Profit The social media giant – Facebook, just got fined by UK’s government via the Information Commissioner (ICO); Elizabeth Denham, who issued the 27-paged “Monetary Penalty Notice” on 24 October over the…

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US to block Chinese DRAM company Fujian Jinhua from buying American components

US Restrict Exports to China on Fears of IP Theft On Monday, October 29, the U.S Commerce Department announced in a press release that they are going to restrict exports to the Chinese company Fujian Jinhua Integrated Circuit Company, Ltd.…

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Legislators Request Pentagons IG To Investigate JEDI Contract Terms

Pentagons IG to Investigate JEDI Contract The call for proposals that was just concluded on 12 October by Pentagon for the $10 Billion JEDI (Joint Enterprise Defense Infrastructure) US military cloud contract, did not end without filed, verbal, published and…

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IBM Acquisition of Red Hat

IBM to buy Red Hat for $34bn IBM is intended to acquire Linux’s Red Hat for $34bn. It was announced by both companies on October 28. The offer presented by IBM was of $190 per Red Hat share, and increase…

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Hewlett Packard Enterprise Upbeat 2019 Profit Forecast

Hewlett Packard Enterprise Upbeat 2019 Profit Forecast Betting on Edge Tech Hewlett Packard Enterprise Co, the multinational enterprise information technology company based in Palo Alto, California, has given an earnings forecast for fiscal 2019 that went above some analysts’ estimates.…

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Microsoft finalizes the acquisition of GitHub for $7.5 billion

Microsoft’s Acquisition of GitHub for $7.5BN Microsoft on their official blog announced that in October 26, 2018 they completed their acquisition of GitHub. They said “the two companies will work together to empower developers to achieve more at every stage…

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AWS the Continuous Cloud Market Leader / AWS on Top

AWS remain #1 Amazon Web Services (AWS) kept their position as the world’s biggest cloud provider and the supplier to beat during the third quarter of 2018. The result came on October 25th  when the company posted its financial performance,…

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