DIRS.INFO The most relevant business & tech news

Other NATO allies have donated 10 Multiple Launch Rocket Systems, according to the State Department. Depending on the location and strength of the jamming, a rocket can still launch and result in a successful strike with significant damage. Widespread Russian jamming can have drawbacks for their own forces as well, impacting their ability to communicate and operate. For nearly a year, the HIMARS system has been the longest-range rocket system Ukraine has, allowing troops to fire up to six rockets in quick succession at Russian positions as far as 50 miles away. “Jamming is like the weather or the terrain, it’s something that happens that you have to deal with,” the official said.

☆ Terence Kawaja's adtech-focused investment bank Luma Partners may lose 3 of its partners amid a disagreement over its future direction
▼ + stars: | 2023-05-05 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +3 min

Luma Partners' three partners are currently planning to exit the company, Insider has learned. It followed a disagreement with Luma Founder and CEO Terence Kawaja about the future vision for the firm. Luma Partners, the adtech-focused investment bank may lose all three of its partners following a disagreement with the company's founder, Terence Kawaja, about the future direction of the firm, Insider has learned. Kawaja's court jester style is in sharp contrast to that of Andersen, Greenbaum, and Filippini who tend to keep a lower profile. For the moment, they remain partners with Luma, which is currently working on a live M&A deal, Andersen said.

☆ Nike's typical shopper is a white, GenX male making over $80,000 and dropping about $90 per shopping trip
▼ + stars: | 2023-05-04 | by ( Danni Santana | ) www.businessinsider.com time to read: +2 min

Nike is the largest sportswear company in the world, and currently employs over 79,000 people. Analytics firm Numerator found that the typical Nike customer is a Gen X Caucasian person earning over $80,000 annually. Footwear sales made up $29.1 billion, or more than half, of the company's total revenue last year. Nike finished its fiscal 2022 year with 344 company stores, including 209 factory stores and 87 Converse stores. In its latest annual report, Nike said footwear revenues grew 9%, driven by both Jordan Brand and men's sales last year.

☆ Players union warns agents over mobile betting apps in memo
▼ + stars: | 2023-05-02 | by ( Amy Tennery | ) www.reuters.com time to read: +2 min

NEW YORK, May 2 (Reuters) - The National Football League Players Association (NFLPA) has sounded the alarm about the use of sports betting apps, warning agents that the mobile gambling platforms can track their clients' activity, leading to stiff penalties. "We have confirmed that some states monitor/audit FanDuel and the other gambling apps to ensure that the companies are in compliance with state law," the NFLPA said in a memo on Monday seen by Reuters. It was as part of that monitoring that the NFL learned of the players using the apps at work in violation of NFL rules," it said. In March, Jacksonville Jaguars wide receiver Calvin Ridley was reinstated after serving one year of an indefinite suspension for violating NFL rules on gambling. "At no time should players open or use any mobile gambling app while at work."

☆ Adtech giant The Trade Desk strikes deal to solve one of marketers' biggest challenges in the $80 billion retail media space
▼ + stars: | 2023-05-02 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +4 min

The Trade Desk wants to take a bigger slice of the $80 billion retail media market. Adtech giant The Trade Desk has landed a partnership that aims to solve one of advertising's biggest challenges in the $80 billion retail media space: getting timely data on how their ads are driving sales across multiple retailer sites and stores. Attain, which will charge advertisers on a CPM, or cost-per-thousand-impressions basis, will offer The Trade Desk advertisers metrics including sales, return on ad spend, and conversion rates. The Trade Desk is the largest independent adtech firm, and the company's moves typically indicate where the industry is investing. The Trade Desk is set to release its latest earnings report on May 10.

Students with a limited credit history are unlikely to be approved for the best credit cards, and even some student credit cards require good to excellent credit. Step is a secured credit card that has a dynamic credit limit that is attached to the bank account balance -- it operates like a debit card but it is a credit card, which is what enables the unique credit building feature. Best Credit Cards for Students With No Credit of 2023Methodology: How we chose the best credit cards for students with no creditInsider's credit cards team looked at dozens of student credit cards, secured credit cards, and starter credit cards and narrowed down the list by choosing only those that students with limited or no credit have a good chance of qualifying for. Credit Cards for Students With No Credit Frequently Asked Questions (FAQ)Which credit card is best for students with no credit? US Bank Altitude Go Secured Credit Card ReviewBest for Students Under 18Step Secured Visa CardWhile credit card accounts are only available to those aged 18 and over, the Step Secured Visa Card offers a solution for students looking to build credit who haven't yet reached legal adulthood.

☆ Samsung's profit plunged 95% amid weak memory chip demand
▼ + stars: | 2023-04-27 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

(Photo by Joan Cros/NurPhoto via Getty Images)South Korean electronics giant Samsung's operating profit plunged in the first quarter as prices for its memory chips continued to fall and demand remained weak. Here are Samsung's earnings at a glance in the first quarter:Revenue: 63.75 trillion Korean won (about $47.6 billion). That is on par with Samsung's own guidance of approximately 63 trillion Korean won but below the 63.9 trillion won expected by analysts, according to Refinitiv consensus estimates. Operating profit: 640 billion Korean won (roughly $478.55 million), down from 14.12 trillion won a year earlier. The company issued guidance earlier this month saying Q1 profit would be 600 billion Korean won.

☆ Russia's VTB to launch digital bank on VKontakte social network
▼ + stars: | 2023-04-26 | by ( Elena Fabrichnaya | ) www.reuters.com time to read: +2 min

MOSCOW, April 26 (Reuters) - Russian state-owned bank VTB (VTBR.MM) will launch a digital bank within the mobile messaging app of leading social network VKontakte, Russia's answer to Facebook, as Moscow seeks technological solutions to disrupted banking transfers. That made operations with banks abroad particularly challenging as many bank cards stopped working overseas and Russia was disconnected from global payment systems. The digital bank will enable customers to carry out everyday financial transactions such as money transfers, some bill payments and mobile phone top-ups, within the VKontakte app. VTB, which had launched banking services through Telegram in January, said it was prepared to shut down its bank on Telegram once Roskomnadzor had come to a final decision. "As of today, there has been no such decision, so the bank in Telegram works, although we have stopped actively promoting it."

☆ Stocks making the biggest moves midday: Microsoft, Chipotle, Boeing, First Republic Bank and more
▼ + stars: | 2023-04-26 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Check out the companies making the biggest moves midday:Microsoft — Shares of tech giant Microsoft gained more than 8% Wednesday after a better-than-expected earnings report a day earlier. The company earned $1.17 per share on $69.79 billion in revenue, while analysts polled by Refinitiv expected it to earn $1.07 per share on revenue of $68.9 billion. The company also announced a $70 billion share buyback. 107230585First Republic — Shares of the regional bank fell more than 20% on Wednesday, extending their steep losses for the week. However, deposits for the first quarter totaled about $28.2 billion, down from $33.9 billion from the fourth quarter of 2022.

☆ Tangaraju Suppiah: Singapore executes man for trafficking two pounds of cannabis
▼ + stars: | 2023-04-25 | by ( Heather Chen | ) edition.cnn.com time to read: +8 min

Tangaraju Suppiah, a 46-year-old Singaporean, was hanged early on Wednesday in Changi Prison and the family have received a death certificate, his sister Leelavathy Suppiah told CNN. Tangaraju was first sentenced to death in 2018 for “abetting the trafficking of more than one kilogram of cannabis (1,017.9 grams),” according to a statement from the Central Narcotics Bureau (CNB). The court found he was in phone communication with two other men caught trying to smuggle cannabis into Singapore. “As is the case for many people currently on death row in Singapore, Tangaraju was forced to represent himself to seek a review of the Court of Appeal’s decision to uphold his conviction. Singapore has a strong reputation as a rule of law country so this concerning omission is not normal,” Perrett added.

CNN —Nima Momeni, the man accused of killing Cash App founder Bob Lee in San Francisco, intends to plead not guilty next week, his attorney said. “We believe that we have sufficient evidence to prove beyond a reasonable doubt that Mr. Momeni murdered Bob Lee,” Jenkins said. Alleged conversations between Lee and MomeniBob Lee cofounded the mobile payment service provider Cash App. Lee had told Momeni nothing inappropriate happened, according to the document. “Momeni forcefully grabbed her right upper arm and her right side waist area,” Officer Johnson wrote in the report, according to the Chronicle.

☆ Morgan Stanley reveals its top picks ahead of earnings, including this movie theater chain
▼ + stars: | 2023-04-22 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

He is doubling down on shares of the movie theater chain ahead of earnings in early May. "Films outside the Top 10 in box office revenues saw a ~100% increase YoY and contributed ~28% of 1Q overall box office," Swinburne wrote. Morgan Stanley said it likes stocks that can "deliver above-peer, and above consensus/market expectations long-term organic sales growth," and Church & Dwight fits the bill. … recent weeks, we have fielded concerns around WSC's ability to remain resilient in an environment where investors are increasingly discounting near-term earnings upside. … Films outside the Top 10 in box office revenues saw a ~100% increase YoY and contributed ~28% of 1Q overall box office."

☆ U.S. Begins Planning for 6G Wireless Communications
▼ + stars: | 2023-04-21 | by ( John D. Mckinnon | ) www.wsj.com time to read: 1 min

The next generation of wireless telecommunications, years away from deployment, could pave the way for global internet access still unavailable with the current 5G standard. Photo: Tang Ke/Costfoto/Future Publishing/Getty ImagesWASHINGTON—The Biden administration is beginning to plan for 6G wireless telecommunications, seeking to expand internet access while reasserting U.S. leadership in a sector where China has notched gains. The White House on Friday will meet with corporate, government and academic experts to begin developing goals and strategies for the new 6G communications technology, which would have the ability to take cloud computing and the mobile internet to true global ubiquity, among other improvements.

☆ Bob Lee: Suspect accused of killing CashApp founder had been cited in 2022 domestic battery incident but never charged, San Francisco Chronicle reports
▼ + stars: | 2023-04-21 | by ( Taylor Romine | ) edition.cnn.com time to read: +1 min

CNN —The suspect accused of killing CashApp founder Bob Lee was cited last year by police for misdemeanor battery, the San Francisco Chronicle reported exclusively Thursday. Lee, who cofounded the mobile payment service provider Cash App, was stabbed to death in the Rincon Hill neighborhood of San Francisco early in the morning of April 4. Momeni was taken to the San Francisco County jail last week, where he was booked on one charge of murder. Dispatch records show she told police Momeni “grabbed her arm & pulled it, pushed her physically,” the paper reported. Police officers “indicated they cited and released Momeni on suspicion of battery almost an hour after the call came in,” the Chronicle said.

☆ Saudi Arabia's TAWAL to buy European towers from United Group
▼ + stars: | 2023-04-20 | by ( ) www.reuters.com time to read: +1 min

DUBAI, April 20 (Reuters) - TAWAL, a unit of Saudi Telecom Company (stc) (7010.SE), agreed to buy tower infrastructure worth 1.22 billion-euros ($1.34 billion) from United Group in its first foray into Europe's telecoms market, the southeast European firm said on Thursday. TAWAL, a tower infrastructure unit that STC carved out in 2018, will buy the mobile infrastructure unit of United Group in Bulgaria, Croatia and Slovenia, which has more than 4,800 towers, United Group said in a statement. United Group, backed by private equity firm BC Partners, said it was TAWAL's first investment in Europe's telecoms sector. "Upon completion, TAWAL's operations in the European market will be rebranded as "TAWAL Europe" and will serve as TAWAL's platform for any future expansion in Europe," stc said. ($1 = 0.9119 euros)Reporting by Yousef Saba; Editing by Sharon SingletonOur Standards: The Thomson Reuters Trust Principles.

☆ AT&T shares sink after company posts softer than expected revenue
▼ + stars: | 2023-04-20 | by ( Natasha Piñon | ) www.cnbc.com time to read: +2 min

AT&T shares fell Thursday after the telecommunications giant reported first-quarter results that saw subscriber growth but a miss on revenue. The company added 424,000 postpaid phone plans, which represents the amount of businesses and individual consumers that pay their bills at the end of each month. In the year earlier period, AT&T added 691,000 postpaid phone subscribers. Investors look to postpaid phone numbers to measure the overall well-being of wireless companies' profit centers. During the company's previous earnings call, AT&T executives said they expect wireless industry growth to return to "normalized" levels this year.

Organizations: & $

☆ Microsoft should pay whatever it costs to replace Google on Samsung phones
▼ + stars: | 2023-04-19 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +5 min

Samsung is reportedly looking to replace Google Search with Microsoft's Bing as the default search engine on its phones. If Samsung follows through, Microsoft should pay whatever it takes to make it happen, analysts said. The fact that Samsung is even considering changing its default search engine presents a rare moment of weakness for Google, especially on smartphones. A vast majority of smartphones have Google set as their default search engine, Insider previously reported. Investing big to entrench Samsung as a partner now could pay dividends for Microsoft later, the experts said.

☆ ‘Angry Birds’ Maker to Be Bought by Sega
▼ + stars: | 2023-04-17 | by ( Ben Dummett | ) www.wsj.com time to read: 1 min

The success of ‘Angry Birds’ made Rovio a mobile-gaming trailblazer. Sega Sammy Holdings Inc. agreed to pay almost $800 million for the company behind the “Angry Birds” franchise, a deal that would end the independence of one of the pioneers of the mobile-gaming industry. The transaction is the latest consolidation move in the broader gaming industry. Games played mostly on phones boomed during the pandemic but sales have ebbed more recently.

☆ “Angry Birds” may finally have found right nest
▼ + stars: | 2023-04-17 | by ( ) www.reuters.com time to read: +2 min

LONDON, April 17 (Reuters Breakingviews) - The winning trick of “Angry Birds” is to fire your slingshot at just the right angle to knock out the squadrons of enemy green pigs attempting to steal the birds’ eggs. Japanese gaming company Sega Sammy (6460.T) may have found that position. On Monday, Sega agreed to pay about 700 million euros in cash for Rovio Entertainment (ROVIO.HE), the maker of the “Angry Birds” franchise. The 9.25 offer price is a 63% premium to the closing price of Jan. 19, when rival suitor Playtika (8II.F)made a previous approach. Half the investors have preliminarily accepted the deal, and Rovio shares are near the offer price.

☆ Sega to acquire Angry Birds maker Rovio for $776 million
▼ + stars: | 2023-04-17 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

A model of Angry Birds character 'Red' sits on display inside the reception area of the Rovio Entertainment Oy headquarters in Espoo, Finland, on Thursday, Feb. 28, 2019. Japanese gaming giant Sega announced Monday it has made a 706 million euro ($776 million) offer for the maker of the Angry Birds puzzle game, Finland's Rovio Entertainment Oyj. Meanwhile its Angry Birds franchise has been licensed into other entertainment and consumer products. "Among the rapidly growing global gaming market, the mobile gaming market has especially high potential, and it has been SEGA's long-term goal to accelerate its expansion in this field," said Sega Sammy's Group CEO, Haruki Satomi, in a statement. Angry Birds is "loved across the world," he said.

☆ Sega Sammy says it is considering buying Angry Birds maker Rovio
▼ + stars: | 2023-04-17 | by ( ) www.reuters.com time to read: +1 min

The Wall Street Journal reported last week that Sega Sammy was nearing a deal to buy the Finnish firm behind the mobile game Angry Birds for about $1 billion. Rovio has said it was in talks with Sega Sammy over a possible tender offer. Sega Sammy shares fell 4.3% by midday in a broader market (.N225) that was virtually unchanged. "Sega Sammy's mobile gaming business is centred on the domestic market, while 'Angry Birds' is well known overseas. "But there has been no big hit (from Rovio) other than Angry Birds, which was originally launched more than 10 years ago.

☆ Angry Birds creator Rovio: Sega makes takeover bid
▼ + stars: | 2023-04-17 | by ( Hanna Ziady | ) edition.cnn.com time to read: +2 min

London CNN —Japan’s Sega, the company behind Sonic the Hedgehog, is buying Rovio Entertainment in a cash deal that values the creator of Angry Birds at €706 million ($774 million). The company’s prime asset, Angry Birds, which launched in 2009, became the first mobile game series to reach 1 billion downloads, according to Guinness World Records. People tour an Angry Birds theme park at its opening on July 9, 2016 in Tianjin, China. Feature China/Future Publishing/Getty ImagesThe story-based puzzle video game has players launching “Angry Birds” from a slingshot at a fortress containing pigs who stole their eggs. The company’s share price closed 4.2% down in Tokyo on Monday.

☆ Angry Birds maker Rovio confirms talks with Sega over tender offer
▼ + stars: | 2023-04-15 | by ( ) www.reuters.com time to read: +1 min

April 15 (Reuters) - Rovio Entertainment (ROVIO.HE), the company behind the mobile game Angry Birds, confirmed on Saturday that it is in talks with Japan's Sega Sammy Holdings Inc (6460.T) over a possible tender offer. Rovio announced the start of a strategic review and preliminary non-binding discussions regarding a potential tender offer for its shares in February, a statement from the group said. "As part of its strategic review, Rovio Entertainment Corporation confirms that it is in discussions with Sega Sammy Holdings Inc," it said. The company added in the statement that there "is no certainty as to when the possible tender offer would take place, or whether it would take place at all". Rovio received a 683 million euro takeover bid in January from Israeli peer Playtika Holding Corp (8II.F), but the talks were called off last month.

☆ Germany examining Chinese components in its 5G network, interior minister says
▼ + stars: | 2023-04-15 | by ( ) www.reuters.com time to read: +1 min

BERLIN, April 16 (Reuters) - Germany's Interior Ministry is examining all Chinese components that are already installed in the country's 5G network, Minister Nancy Faeser was quoted as saying on Sunday, as Berlin re-evaluates its relationship with top trade partner China. "We have to protect our communication networks," Faeser told Bild am Sonntag newspaper, adding that the examination's three priorities were identifying risks, averting dangers and avoiding dependencies. "This is especially true for our critical infrastructure," she said. Germany has been considering banning certain components from Chinese companies Huawei and ZTE in its telecoms networks, a government source told Reuters last month, in a potentially significant move to address security concerns. Reporting by Riham Alkousaa; Editing by Cynthia OstermanOur Standards: The Thomson Reuters Trust Principles.

☆ Tech Executive Was Left to ‘Slowly Die’ After Stabbing, Prosecutors Say
▼ + stars: | 2023-04-14 | by ( Sharon Lafraniere | ) www.nytimes.com time to read: +1 min

The man accused of killing the tech executive Bob Lee on a secluded San Francisco street this month stabbed him three times with a kitchen knife, prosecutors said in court documents released on Friday. The accused assailant, Nima Momeni, 38, had argued with Mr. Lee about whether anything “inappropriate” had happened between Mr. Lee, 43, and Mr. Momeni’s younger sister, prosecutors said, describing details of the police investigation in a motion to hold Mr. Momeni without bail. During a brief court hearing on Friday morning, Mr. Momeni’s arraignment was put off until later this month. Prosecutors said that Mr. Momeni, a tech consultant and entrepreneur, stabbed Mr. Lee, who was instrumental in creating the mobile payment service Cash App, on April 4 with the four-inch blade of a kitchen knife, including once through the heart. He then threw the knife in a parking lot and raced away, leaving Mr. Lee, 43, “to slowly die,” the motion states.

Search resuls for: "The Mobile"

25 mentions found