Latest Headlines

Latest Headlines

Chinese government appears behind United, OPM and Anthem breaches, says Bloomberg

Chinese government-sponsored attackers appear to be behind breaches at United Airlines, the U.S. Office of Personnel Management and health insurer Anthem, according to unnamed investigators cited in a Bloomberg report.

iPhone subsidies drag down profits at China Mobile

After years of negotiations, China Mobile finally began selling Apple's iPhone to its 776 million subscribers in January. Now, the world's largest mobile carrier probably wishes it hadn't.

Report: Verizon to pay whopping $130 billion for rest of Verizon Wireless

Verizon is close to inking a deal to buy Vodafone's 45 percent stake in Verizon Wireless for a whopping $130 billion, according to sources consulted by Bloomberg.

Renowned Fed security fails to protect employees' information

While the Federal Reserve hermetically seals information about its financial market moves, its security for employee data appears less rigorous.

Report: Amazon tests experimental Wi-Fi network using Globalstar spectrum

Amazon reportedly has tested a new Wi-Fi network using spectrum held by satellite communications firm Globalstar, Bloomberg reports.

Spotlight: Clearwire board, shareholders back new Sprint offer

Clearwire's board and key shareholders are backing a revised offer from Sprint, which is proposing to pay $5 per share for the remaining shares in Clearwire, a 14 percent premium over Dish Network's offer, Bloomberg is reporting.

HP stock gains on strong profit forecast

Hewlett-Packard announced a fiscal third-quarter profit forecast that beat analysts' estimates, pushing the stock up 13 percent in Thursday morning trading, according to a report by Bloomberg.

Smartphone sales fuel 53 percent jump in Samsung's profits

Samsung announced on Friday that smartphone sales fueled a 53 percent year-over-year increase in operating profits in the first quarter of 2013, according to a report by Bloomberg.

Spotlight: Apple's iWatch might hit market sometime this year, report says

Apple's rumored iWatch could hit the market by the end of the year, according to a report by Bloomberg.

WANdisco move into big data a big plus for stock value

Bloomberg said today that the valuation on U.K.-based software company WANdisco Plc (WAND), rose to its highest level after it won a patent award in the states and joined a platform for storing and processing large volumes of data. Two months ago, the company also made its official move into the big data market with the acquisition of AltoStor for $5.1 million.