Business

Latest round of job cuts builds on 1,850 layoffs Microsoft announced in May Continuing to tighten its belt, Microsoft plans to get rid of some 2,850 employees this year, according …

Telefónica ended June with 50M LTE subscribers Telefónica reported 12.7 billion euro ($14.07 billion) in revenue for the second quarter of 2016, down 7.7% compared to the same period last year. The …

SK Telecom reports $3.8B in revenue for Q2 Korean operator SK Telecom said it ended the second quarter of 2016 with 20 million subscribers in the 4G LTE segment, surging …

T-Mobile and Sprint CEOs are skeptical of telcos getting into the content business Earlier this week Verizon Communications announced its intention to acquire Yahoo’s internet-related businesses for $4.83 billion to …

Apple beat third-quarter earnings estimates despite a continued decline in iPhone sales. In his commentary, CEO Tim Cook looked to future projects around augmented reality and artificial intelligence. The latest …

Industrial internet of things use cases: The IIoT at sea The industrial “internet of things” has found its way to sea, with connected sensors and unified platforms designed to provide increased visibility for …

Preparing for the Olympics with a smart building Honeywell created what it called the “intelligent system” for the National Stadium in Beijing, China, turning the venue for the opening and closing …

The smart building: A laundry list of potential benefits Smart buildings are expected to save money in more ways than one might think. Yes, they can significantly reduce energy and …

Huawei reported half-year revenue growth of 40% while the European firm saw declining sales in the period Chinese ICT services provider again beat Swedish vendor Ericsson in terms of revenue during …

Whoever takes over as CEO of Ericsson will have their work cut out for them as the telecom infrastructure vendor faces multiple challenges The board of directors of Ericsson announced yesterday that …

Reducing costs with a smart building Thanks to smart buildings, today’s structures are alive, equipped with technology that allows for automated processes of things that have, for hundreds of years, …

What is a smart building? A smart building is any structure that uses automated processes to automatically control the building’s operations including heating, ventilation, air conditioning, lighting, security and other systems. A …

Vodafone ends June with 52.5M LTE subscribers in 21 markets U.K.-based Vodafone Group recorded 13.37 billion pounds ($17.55 billion) in revenue for its fiscal first quarter ended June 30, a decline of 4.5% …

Huawei generated revenue of $36.7B during the period Chinese information and communications technology solutions provider Huawei generated sales of 245.5 billion yuan ($36.7 billion) in the first half of 2016, representing an …

CFO Jan Frykhammar to become CEO as search ramps up After 28 years with Swedish telecommunications giant Ericsson, CEO Hans Vestberg, who has held that position for the past seven years, …

Qualcomm this week reported strong quarterly earnings, and CEO Steve Mollenkopf said the chipmaker is poised to be a leader in “5G.” During an earnings presentation, executives explained that revenue …

Amid sweeping changes to its data plan pricing and usage policies, Verizon Wireless is now reportedly going to target users with unlimited data plans who consume an “extraordinary” amount of …

Cable giant Comcast is a bidder in upcoming 600 MHz spectrum auction Comcast continues to make moves that signal a possible future entrance in the mobile carrier space. In the …

In reporting financials from its second fiscal quarter, Microsoft got a big boost from its cloud computing business as its Azure platform and service revenue grew 140% year-over-year. “Businesses everywhere …

The need for an oil and gas solution Oil and gas producers are doing everything they can to grind through a period of historically low per barrel oil prices. The …

An industry in ‘turmOil’ The oil and gas industry is riding out a violent wave that crashed crude oil prices per barrel to less than $40, down more than 60% …

SoftBank’s acquisition of ARM to help accelerate much-needed internet of things standardization The “internet of things” looks to have received a massive vote of confidence as one of the boldest …

After Swedish media outlet Svenska Dagbladet reported accusations that Ericsson was inflating revenue figures by recording income before billing clients, the telecom equipment vendor’s stock lost more than 5% of its …

Powertool manufacturer Black & Decker turned to Cisco to provide an “internet of things” solution that increases visibility and decreases complexity in one of the largest tool manufacturing plants in Mexico. If …

Verizon Wireless is ‘following in the footsteps of its rivals’ The U.S. wireless market is currently going through a very competitive streak as carriers look to take customers from rivals with …