Huawei equipment is more vulnerable to hackers, experts say

WASHINGTON — Telecommunications gear made by China’s Huawei Technologies Co. is far more likely to contain flaws that could be leveraged by hackers for malicious use than equipment from rival companies, according to new research by cybersecurity experts that top U.S. officials said appeared credible. Over half of the nearly 10,000 firmware images encoded into more than 500 variations of […]

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Micron earnings: Huawei ban adds to year of memory-chip woes

What difference has a year made for Micron Technology Inc.? Try a profit shortfall of more than $3 billion. Micron MU, +0.74% is scheduled to report fiscal third-quarter earnings after the close of markets on Tuesday. Last year around this time, Micron was riding high with shares hitting a record price on June 21, 2018, right after the company’s fourth-quarter outlook […]

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Air India suspends regional director Rohit Bashin for alleged shoplifting at Sydney airport

The decision to suspend Captain Rohit Bhasin for alleged shoplifting was taken following a report by the regional manager, Australasia. Air India has suspended its regional director (eastern region) allegedly for shoplifting a wallet at the duty-free area of Sydney airport on June 22. The decision to suspend Captain Rohit Bhasin was taken following a report by the regional manager, […]

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Oracle stock surges to record high on database license strength

Oracle Corp. shares rallied, on track for a record-high close, Thursday after the database giant showed signs of long-awaited growth in cloud-based services and analysts responded by boosting price targets on the stock. Oracle ORCL, +8.37% shares touched a record intraday high of $57.47 and were last up 7.8% at $56.78 for their best one-day percentage gain since Dec. 18, 2014, […]

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Cannabis stocks rally as investors cheer shareholder approval of Canopy’s megadeal

Cannabis stocks rallied on Thursday, as investors cheered the shareholder approval of Canopy Growth Corp. and Acreage Holdings Inc.’s planned $3.4 billion megadeal. Canopy stock rose 0.7% as analysts weighed in on the benefits of the deal, which gives the Canadian company and biggest cannabis player by market capitalization a foothold in what is expected to become the biggest cannabis […]

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Slack non-IPO is a deal under only 1 of these 3 scenarios

Slack Technologies WORK, +0.00% plans to go public on Thursday through a direct listing. This unconventional process — similarly utilized by Spotify TechnologySPOT, -0.92% last year — means Slack’s shares begin trading without raising any new capital for the company. Direct listings allow companies to gain liquidity for their stock without paying $100 million-plus in fees to investment banks or diluting […]

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Now, auditor casts doubt on Reliance Infra as going concern

Posted ₹3,301 cr. loss in March quarter The auditor of Reliance Infrastructure of Anil Ambani’s Reliance Group, has cast a doubt about the company’s ability to continue as a going concern. “Losses incurred during the year and certain loans for which the company is a guarantor indicate that a material uncertainty exists that may cast significant doubt on the company’s […]

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No plan to bail out Jet Airways, real estate companies: Minister

India is not a nanny state, says Hardeep Singh Puri India can’t be a nanny state offering bailouts to airlines and real estate companies, said Union Minister Hardeep Singh Puri, who is in charge of Civil Aviation as well as the Housing and Urban Affairs Ministries. On the challenge of restoring capacity on international routes vacated by the troubled Jet […]

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