Barclays first-quarter profit falls 33 percent as investment banking slowdown bites

Barclays (BARC.L) reported a worse than expected 33 percent slump in pretax profits for the first three months of the year, as the lender followed its U.S. peers in reporting falling investment banking revenues in a weak global market environment. Barclays said first quarter pretax profits fell to 793 million pounds ($1.15 billion), just below the average forecast… Read More »

U.S. companies skeptical of corporate China’s advances

Chinese life sciences entrepreneur Wei Zhou submitted a $1.5 billion bid for U.S. gene testing company Affymetrix last month – topping a $1.3 billion agreed acquisition by Thermo Fisher Scientific Inc (TMO.N). A few days later, he got an unusual deadline. Affymetrix’s CEO Frank Witney called Zhou, a former Affymetrix executive who had partnered with Shanghai government-backed investment… Read More »

Valeant CEO to tell Senate he regrets raising heart drug prices

Outgoing Valeant Pharmaceuticals (VRX.TO) Chief Executive Michael Pearson plans to tell a U.S. Senate panel on Wednesday that he regrets his decision to acquire and jack up the price of two life-saving heart drugs, saying it was all a “mistake.” “The company was too aggressive- and I, as its leader, was too aggressive – in pursuing price increases… Read More »

Comcast in talks to buy DreamWorks Animation for more than $3 billion: WSJ

Comcast Corp, the largest U.S. cable operator, is in talks to buy Hollywood studio owner DreamWorks Animation SKG Inc for more than $3 billion, The Wall street Journal reported, citing people familiar with the matter. It was not immediately clear what a deal would mean for DreamWorks Chief Executive Jeffrey Katzenberg, the Journal said. DreamWorks spokesman Dan Berger… Read More »

Marshmallow update starts hitting T-Mobile Samsung Galaxy S6 edge+ as well

Shortly after the Samsung Galaxy Note5 on T-Mobile started receiving it, the Marshmallow update has begun hitting T-Mobile Galaxy S6 edge+ variants as well. While the update brought Android 6.0 to the former, the latter gets Android 6.0.1. Weighing in at 1.34 GB, the update bumps the software version to G928TUVU2DPD1. As you’d expect, the update brings along… Read More »

GoPro unveils new VR video platform and pricing for 360-degree Omni camera rig

GoPro has released a fresh batch of details about its upcoming Omni 360-degree camera rig, as well as its future ambitions in the fast-growing world of VR. The Omni, essentially a frame which holds six GoPro Hero4 Black cameras in all directions, will set buyers back $5,000 (£3,500) – that sounds like a lot, but for professional filmmakers… Read More »

Please welcome Brian Heater, Kate Conger and more to TechCrunch

We aren’t done yet. We’ve got some more new faces for you here at TechCrunch, and they’re good ones. First up, Brian Heater has worked at a number of tech pubs, including PCMag, Laptop and Engadget, where he served as the Director of Media. Most recently, he was the Managing Editor of TechTimes.com. His writing has appeared in… Read More »

iOS 9.3.1 Jailbreak: Latest news, updates and the prank tool

Whether you’re interested in the various features coming with the latest iOS version or just wish to benefit from the bug fixes and security patch-ups, things get a quite a lot more complicated if jailbreaking is involved into the equation, when it comes to updating jailbroken iOS devices, you’ll have to take a completely different factor into the… Read More »

Apple harvested almost $40 million worth of gold from recycled gadgets last year

Apple harvested almost $40 million worth of gold from recycled gadgets last year, and is now deploying robots to take iPhones apart in a major environmental push. In its latest annual environmental responsibility report, which was published last week, Apple explained that it gathered 2,204 pounds of recycled gold during its fiscal year 2015. The gold, which weighs… Read More »

British Airways plane ‘drone’ crash footage emerges showing flight moments after gadget hit aircraft

The object struck the front of the plane just after 12.50pm as it was landing at Terminal Five on Sunday but left no damage. The footage, taken by Elliot Langran, shows the BA727 flight full of 132 passengers and five crew from Geneva as it comes in for landing. British Airways said the aircraft was examined by engineers… Read More »