Tag Archives: May

WannaCry cyberattack may spark wave of Windows upgrades, lifting Microsoft’s stock

Microsoft, cybersecurity firms could benefit from WannaCry  Monday, 15 May 2017 | 1:16 AM ET | 03:01 Investors should buy Microsoft shares because the recent cyberattacks will spur companies to upgrade to the technology giant’s latest operating system, according to Credit Suisse, which reiterated its outperform rating on the software firm. The WannaCry ransomware malware hit 200,000 victims in… Read More »

Man may be preying on SC elementary school girls on social media

Multiple girls at Ocean Bay Elementary School were social media friends with and received inappropriate photos from a 35-year-old man who initially told the students he was 13, according to a report. Horry County Police officers were called Tuesday to the elementary school in the Carolina Forest area at 950 International Drive. They spoke with a woman there… Read More »

Xiaomi Redmi 4 India Launch Expected on May 16

Xiaomi Redmi 4 is expected to launch in India on May 16, after the company on Thursday sent invites for an event in New Delhi on that date that would see the “launch of the next Redmi device”. Earlier this week, Amazon India announced the upcoming Xiaomi Redmi phone will be exclusive to its platform. Amazon India in… Read More »

Fed, In Shift, May Move To Faster Pace Of Rate Hikes

The Federal Reserve, which has struggled to stoke inflation since the financial crisis and up until now raised rates less frequently than it and markets expected, may be about to hit the accelerator on rate hikes. On Wednesday, the U.S. central bank is almost universally expected to raise its benchmark interest rates, a move that just a few… Read More »

Yellen: Fed interest rate hike may be ‘appropriate’

The new £5 note will not be withdrawn, despite concerns that it contains traces of animal fat, the Bank of England says. The Bank said it had concluded it would be “appropriate” to keep the £5 polymer note in circulation. It will also issue the £10 polymer note as planned in September, it added. Vegans and some religious… Read More »

Amazon admits it may have to pay fine for violating Iran sanctions

Amazon on Friday disclosed Iranian business ties that may have violated US sanctions, warning that it may be penalised after a regulatory review of the activities. The company said in a regulatory filing that from 2012 to 2016 it “processed and delivered orders of consumer products for certain individuals and entities located outside Iran covered by the Iran Threat… Read More »

TUC and businesses urge Theresa May to act on rights of migrants

Leaders say uncertainty over 3.2m EU citizens in UK will inflict ‘serious damage’ on economy British business and the trade union movement have made an unprecedented joint demand to Theresa May to guarantee immediately the rights of European Union migrants to remain in the UK, warning that further uncertainty will inflict serious damage on the British economy. In… Read More »

Small banks rally pauses but may not be over yet

The rally in regional U.S. bank stocks that followed last month’s election of Donald Trump may not be over, but investors may have to wait for policy to take shape for the massive move to extend further. The S&P 600 index of small-cap banks .SPSMCBKS has surged more than 20 percent since Trump’s surprise Nov. 8 victory, while… Read More »

Tata Steel may close UK pension scheme – union source

Tata Steel UK is looking at closing its defined benefit pension scheme to future accruals and move members onto a defined contribution pension instead, a union source said on Wednesday. Britain’s largest steelmaker is seeking a way to lessen the British Steel Pensions Scheme’s deficit, which is one of the main stumbling blocks in talks to merge Tata… Read More »

Intel may make chips specially for mixed reality headsets

Intel believes untethered headsets could be a new class of PCs in the future, and the company may develop chips dedicated to those devices. The chipmaker previewed its virtual and augmented reality plans last month with Project Alloy, a Microsoft HoloLens-type headset that can mix images from real and virtual worlds. Project Alloy will be available for PC… Read More »