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  • Israeli Intelligence Company Formed Venture With Trump Campaign Firm Cambridge Analytica

    May 23, 2018 7:35 AM 14

    Psy-Group is owned by entrepreneur Joel Zamel, who has been questioned by special-counsel investigators WASHINGTON—A company owned by Joel Zamel, an Israeli entrepreneur whose work has drawn the scrutiny of special counsel Robert Mueller, formed a strategic partnership with a data firm for President Donald Trump’s campaign in a joint bid to win business

  • CGI expanding in Louisiana; 400 new jobs projected

    May 22, 2018 9:37 PM 19

    CGI expanding in Louisiana; 400 new jobs projected The information technology and consulting firm CGI is expanding in Louisiana and state officials say that means 400 new jobs. The Louisiana Economic Development agency says in a Tuesday news release that CGI will expand its "IT Center of Excellence" in Lafayette. CGI is expanding after the state offered

  • Branson-owned health company to merge with its rival

    May 22, 2018 5:33 PM 15

    Branson-owned health company to merge with its rival An employee well-being company owned by British billionaire Richard Branson says it will merge with its rival and make Providence the new corporate headquarters. In an announcement Monday, Virgin Pulse says its merger with Minneapolis-based RedBrick Health will create the "world's largest, most comprehensive

  • Avista to spend $165 million on smart meters

    May 22, 2018 3:15 PM 14

    Avista to spend $165 million on smart meters Spokane-based Avista will spend $165 million over the next two years on new smart meters for its electric and gas customers. The meters allow people to track their energy use within a 24-hour period and will help the utility more quickly respond to power outages. The Spokesman-Review says Avista's 450,000 customers

  • Adobe to Buy E-Commerce Firm Magento Commerce for $1.68 Billion

    May 22, 2018 2:23 PM 12

    Acquisition would increase Adobe’s platform, putting it head-to-head with the likes of Salesforce.com Adobe Systems Inc., the elder software-business statesman behind photo-editing software Photoshop and PDF reader, is buying e-commerce firm Magento Commerce for $1.68 billion, adding a key piece to its platform. The acquisition—which would put Adobe

  • Chinese Tech Unicorns Try a Different Approach to Raising Cash

    May 22, 2018 1:46 PM 11

    Selling convertible securities allows companies to raise capital with less dilution to existing shareholders After multiple rounds of fundraising, some of China’s most valuable private technology companies are turning to a less common way of raising capital: Issuing convertible securities. Ride-hailing giant Didi Chuxing Technology Co. is in talks with potential

  • EU parliament to broadcast Zuckerberg hearing

    May 21, 2018 12:16 PM 24

    BRUSSELS (Reuters) - A European Parliament meeting on Tuesday with Facebook CEO Mark Zuckerberg will be broadcast live, parliamentary officials and the company said on Monday after controversy over plans for a closed-door hearing. Parliament President Antonio Tajani, who was criticized by legislators and some senior EU officials over arrangements for the discussion

  • The AI Doctor Will See You Now

    May 21, 2018 11:37 AM 26

    Artificial intelligence comes to the doctor’s office, helping identify disease, monitor heart activity, stave off seizures Kimberly Bari had her first seizure in 2010 at age 26 and since then has had hundreds. Some rendered her unconscious, others left her confused and terrified. By 2016, her surgery- and drug-resistant condition led her to try something

  • Grab to partner with Maybank for mobile wallet in Malaysia

    May 21, 2018 9:27 AM 23

    SINGAPORE (Reuters) - Ride-hailing firm Grab will partner with Malayan Banking Bhd (Maybank), Malaysia’s biggest bank, to drive the usage and adoption of its GrabPay mobile wallet, the companies said in a statement on Monday. Grab, which received its e-money license from Bank Negara Malaysia in 2017, is set to launch GrabPay mobile wallet in beta in the coming

  • Cambridge Analytica Files for Chapter 7 Bankruptcy in U.S

    May 18, 2018 9:51 PM 28

    Shuttered data company will liquidate its business following allegations of misusing Facebook data Cambridge Analytica LLC, embroiled in controversy following allegations of misuse of Facebook Inc. data during the 2016 presidential campaign, filed for bankruptcy protection in New York. The data firm’s U.K. branch, which was at the center of the controversy