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Trend Micro cybersecurity firm considers sale amid growing demand

In Short:Trend Micro, a Japanese cybersecurity firm valued at $6.5 billion, is considering a sale after receiving buyout offers. The company's stock has underperformed,...

Vodafone’s growth slows as Germany reverses course

In Short:Vodafone reported a slowdown in top-line growth due to law changes in Germany affecting TV services. Despite this, service revenue rose by 5.4%...

Foxconn to invest $138 million in new business headquarters in China

In Short:Taiwan's Foxconn, a top iPhone assembler, is investing $137.5 million to build a new business headquarters in Zhengzhou, China. The company is seeing...

Senators inquire about AT&T’s involvement in the US customer call data hack

In Short:Two U.S. senators have asked AT&T to explain a massive hacking incident in April where 109 million customer accounts were illegally downloaded. The...

Ericsson to record $1.1 billion impairment due to Vonage’s weaker outlook

In Short:Ericsson will take a $1.09 billion impairment charge in the second quarter of 2024 due to lower expected market growth for Vonage, which...

Vodafone unit in Spain to cut 1,200 jobs post acquisition by Zegona

In Short:Zegona Communications, which recently acquired Vodafone Spain, plans to cut around 1,200 jobs, more than a third of its workforce. The UGT union...

Lawyers dispute $78 mln fee bid in T-Mobile data breach settlement

In Short:Attorneys are challenging $78 million in legal fees from a T-Mobile data breach settlement, calling it excessive. The settlement resolved privacy claims for...

Cisco launches $1 billion investment fund for AI industries

In Short:Cisco Investments, the investment arm of US-based Cisco, has launched a $1 billion fund to invest in startups and develop secure AI solutions....

Hewlett Packard Enterprise surpasses revenue estimates with strong AI demand

In Short:Hewlett Packard Enterprise reported better-than-expected third-quarter revenue, driven by strong demand for its artificial intelligence servers. The company saw more than double in...

UN praises $4.8 billion in new commitments to enhance global connectivity

In Short:The United Nations has raised $4.8 billion in new pledges to close the global digital divide. Around 2.6 billion people are still offline,...

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