Microsoft Approves $40 Billion Stock Buyback; Increases Dividend

Microsoft

The Board of Directors of Microsoft Corporation (NASDAQ: MSFT) approved another $40 billion stock buyback program and increased its quarterly dividend by 8% to $0.39 per share. According to the tech giant, it is on track to complete is existing $40 billion shares repurchase program by the end of this year. Its new shares repurchase program has no expiration date, and the Board may terminate it anytime. Microsoft is committed to returning capital to shareholders while it cash pile increases. The tech giant had $113.2 billion in cash and short-term…

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GoPro Promises Hollywood-Caliber Aerial Shots with Karma Drone Camera

GoPro Inc (NASDAQ: GPRO) unveiled its long-anticipated Karma drone along with new Hero5 camera models during an event, which was held near Lake Tahoe at Squaw Valley, California today, September 19. Nick Woodman, the company’s founder and CEO promised that GoPro Karma offers Hollywood-caliber aerial shots and an image-stabilization grip that can be handheld or mounted to vehicles, gear, and more. Mr. Woodman added that the GoPro Karma is easy to use, and a beginner could have fun with the drone right away. The drone features a compact design that…

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Salesforce.com Launches Einstein AI Platform

Salesforce.com (NYSE: CRM) launched an artificial intelligence (AI) platform called Salesforce Einstein on Sunday. The AI platform is integrated into some of the company’s cloud services such as Sales Cloud, Service Cloud, Marketing Cloud, Analytics Cloud, App Cloud, Commerce Cloud, Community Cloud, and IoT Cloud. John Ball, the general manager of Salesforce Einstein said the company aims to use AI tools to enhance its extensive portfolio of products. He said, “There is an absolute revolution occurring in artificial intelligence. This is democratizing AI so that every company can benefit from…

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Fox Files Lawsuit against Netflix for Poaching its Employees

Netflix Inc. (NASDAQ: NFLX) is facing a lawsuit filed by Twentieth Century Fox Film Corporation alleging that the online movie streaming company poached its employees. Fox claimed that Netflix’s poaching practice was illegal because it encouraged some of its executives to break their fixed-term employment contracts. The film studio and distributor emphasized the departure of its two executives in promotions and creative business for positions at Netflix. “We filed this lawsuit because we believe Netflix is defiantly flouting the law by soliciting and inducing employees to break their contracts. We…

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Samsung Unveils Gear S3 Smartwatches with Striking Designs

Samsung Electronics (KRX: 005930) unveiled its two new Gear S3 smartwatches with striking designs on Wednesday as it aims to strengthen its leadership in the wearable industry further. The South Korean electronics giant said it was inspired by traditional timepieces and the art of watchmaking in developing its new smartwatches. The company conducted intensive research and surveyed consumers, industry leaders, and watch experts before developing the Gear S3. Samsung introduced its new Gear S3 smartwatches before the opening of the 2016 IFA, the world’s largest trade show for consumer electronics…

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Twitter Co-founder Says Board Must Consider Right Options; Shares Jump

Twitter

The stock price of Twitter Inc (NASDAQ: TWTR) surged almost 6% today after co-founder Evan Williams said the company must consider the right options amid takeover speculations. During an interview with Emily Chang on Bloomberg TV, Evans declined to comment when asked if he sees Twitter remaining as an independent company. However, he said, “We are in a strong position right now. I think as a board member; we have to consider the right options.” The next acquisition target Market observers have been suggesting that Twitter is the next acquisition…

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Apple to Pay Up to €13 Billion in Taxes to Ireland says European Commission

Apple

Apple Inc. (NASDAQ: AAPL) received illegal tax benefits from Ireland and the tech giant must pay as much as €13 billion of unpaid taxes in the country plus interest, according to the European Commission. The Commission said Ireland violated the state aid rules of the European Union (EU) as it “allowed Apple to pay substantially less tax than other businesses.” It added, “Ireland must now recover the illegal aid.” In a statement, Commissioner Margrethe Vestager, in charge of competition policy, said: “Member States cannot give tax benefits to selected companies…

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Facebook Will Not Become a Media Company Says CEO Mark Zuckerberg

Facebook (NASDAQ: FB) will not become a media company and will remain a technology platform, according to its co-founder and CEO Mark Zuckerberg during a Q&A with students at Luiss University in Rome, Italy on Monday. Zuckerberg said, “We are a technology company. We are not a media company.” According to him, Facebook builds and provides tools to users for them to curate their experiences and connect with people, businesses, and institutions in the world. He added that the social network giant does not produce and edit contents, unlike media…

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Microsoft Buys AI Startup Genee; Boosts Partnership with Lenovo

Microsoft acquires Genee

Microsoft Corporation (NASDAQ: MSFT) agreed to acquire Genee, a startup offering scheduling services powered by artificial intelligence (AI). Genee uses natural language processing and optimized decision-making algorithms to allow users interact with a virtual assistant just like a human being. Ben Cheung and Charles Lee co-founded Genee in 2014 to simplify the task of scheduling and rescheduling meetings. They will join Microsoft after the completion of the acquisition. Microsoft to shut down Genee on September 1 In a blog post, Mr. Lee said the startup would close its operations in…

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