Business

Business

Patent `death squad' system upheld by U.S. Supreme Court

(c) 2018, Bloomberg. The U.S. Supreme Court upheld an administrative review system that has helped Google, Apple and other companies invalidate hundreds of issued patents. The justices, voting 7-2, said Tuesday a U.S. Patent and Trademark Office review board that critics call a patent “death squad”...


Business

WeWork joins rush to debt market with big plans, little cash

(c) 2018, Bloomberg. WeWork Cos. is tapping the bond market for the first time, seeking $500 million to help finance its aggressive global expansion. The co-working space company backed by SoftBank Group joins a wave of high-flying, but cash-burning, tech firms tapping debt markets just as interest...


Business

Hackers find a way to jailbreak the Nintendo Switch

(c) 2018, The Washington Post. Hackers have found a way into the Nintendo Switch, possibly giving those with a high level of technical knowledge a way to run pirated games on the portable console. The hack, similar to a jailbreak of a smartphone, was publicized Tuesday and can turn the Switch into...


Business

Citigroup chairman says his successor may be CEO Mike Corbat

(c) 2018, Bloomberg. Citigroup may not look far for its next chairman. Michael O’Neill, the 71-year-old who has led the bank’s board since 2012, said he’s “agnostic” about keeping chairman and chief executive officer as separate roles and directors will consider CEO Mike Corbat to be his successor....


Business

Agency warns retailers not to sell Juul e-cigarette to kids

WASHINGTON (AP) — Federal health officials on Tuesday announced a nationwide crackdown on underage use of a popular e-cigarette brand following months of complaints from parents, politicians and school administrators. The Food and Drug Administration issued warnings to 40 retail and online stores...


Business

Amazon will now deliver to your car - but you might pay for it in privacy

(c) 2018, The Washington Post. First came in-home delivery. Now Amazon is offering to drop off packages straight to the trunk of your parked car. The online giant on Tuesday announced that delivery workers will now be able to place packages in certain vehicles parked at homes, offices and other...


Business

The average age of a successful entrepreneur is a lot older than you probably think

(c) 2018, The Washington Post. When you hear about start-ups and entrepreneurs, whom do you picture? For many, it’s the 22-year-old genius techie with the Stanford degree who also happens to be a Level 100 Fortnite gamer. If that’s what you think, I’ve got some surprising news: That’s not the...


Business

Google's new spending surge shows a company playing catch-up

(c) 2018, Bloomberg. Alphabet Inc.‘s first-quarter results came with a clear message to Wall Street: The company is embarking on a new spending binge to chase its biggest rivals. Google’s parent posted the strongest sales growth in almost four years on Monday, indicating marketers kept flocking to...


Business

Pimco said to pick Austin for next U.S. office in tech push

(c) 2018, Bloomberg. Pacific Management Investment Co. has chosen Austin, Texas, for a new office as the firm seeks to recruit tech talent and broaden marketing in the U.S. The office will open later this year and is expected to expand to about 200 employees, mostly new hires, by 2019, according to...


Business

Caterpillar shares sink on good-as-it-gets earnings guidance

(c) 2018, Bloomberg. Caterpillar began the day euphorically, with shares rallying as the machinery giant beat earnings estimates and raised its own forecast. That all changed when management signaled the first quarter might be as good as it gets. In its earnings statement, the biggest maker of...


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