Amazon.com (AMZN) Aims to Offer a $5 Music Streaming Service

Amazon

Amazon.com (NASDAQ: AMZN) intends to launch two music streaming services that would compete directly with Apple (NASDAQ:AAPL), Pando Media (NYSE: P), Spotify, and other companies. According to Re/code, the e-commerce giant is considering a streaming service exclusively for its Amazon Echo smart speaker with a subscription fee of around $4.00 to $5.00 a month. The service will offer unlimited and ad-free music, but it will not work on smartphones. Amazon is also planning to launch a music streaming service similar to its competitors—unlimited, ad-free music that you stream on any…

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Facebook (FB) Stock Expected to Gain 20 Percent [Barron’s]

Facebook

Facebook (NASDAQ: FB) has the potential to gain more than 20% in stock value over the next 12 months driven by its growing advertising revenue, according to a report published by Barron’s on Sunday. The stock price of the social network giant is trading around $123.98 per share around 2:38 in the afternoon on Monday, August 22. Facebook’s stock gained more than 44% over the past year or more than 18% year-to-date. According to Barron’s, the $153 per share average target price of Wall Street analysts for FB stock is…

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AT&T, Apple, Alphabet, Other Tech Firms Join FCC to Stop Robocalls

Apple Inc. (NASDAQ: AAPL), Alphabet Inc (NASDAQ: GOOG), the parent holding company of Google, AT&T (NYSE: T) and many other technology companies joined the effort of the Federal Communication Commission’s (FCC) to crack down robocalls, the automated and prerecorded telephone calls that irritate consumers. The technology companies are part of the Commission’s Robocall Strike Force, an industry-led group committed to developing comprehensive solutions to detect, filter, and prevent unwanted telemarketing and robocalls. AT&T CEO Randall Stephenson serves as Chairman of the Robocall Strike Force. Verizon Communications (NYSE: VZ) and Comcast…

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Facebook to Bypass Ad-Blocking Software on Desktop Computers

Facebook Ad Preferences

Facebook (NASDAQ: FB) will bypass ad-blocking software to show ads desktop computers. It will also give users option to control their advertising experience on its platform. The changes are part of its strategy to address bad ads that prompted many users to install ad-blockers on their devices. Currently, 26% of internet users in the United States have ad-blocking software on their desktop computers based on data from the Interactive Advertising Bureau. Facebook noted that bad ads obscure the content users are trying to read or watch and slow the download…

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Warren Bufett’s Berkshire Hathaway 2Q Profit Up 25 Percent

Berkshire Hathaway CEO Warren Buffett

Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B), the multinational conglomerate controlled by billionaire Warren Buffett, reported a 25% increase in profit for the second quarter of 2016. The conglomerate’s its newly-acquired manufacturing businesses and insurance were the primary contributors to its strong financial results during the period. Berkshire Hathaway’s Class A stock climbed 1.48% to $218,010.00 per share while its Class B stock increased 1.77% to $146.65 per share on Friday. Berkshire Hathaway second-quarter results During the second quarter, Berkshire Hathaway generated net income of $5 billion, up from $4.01 billion in the…

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FDA OKs Field Trial of Genetically Engineered Mosquitoes to Stop Zika Virus

The United States will soon control the local population of Aedes aegypti mosquito, a vector of disease-causing microorganisms such the Zika virus, yellow fever virus, dengue virus, and chikungunya virus. The U.S. Food and Drug Administration (FDA) pushed the greenlight for Oxitec to conduct a field trial of genetically engineered mosquitoes to stop the population of Aedes aegypti mosquito in Key Haven, Florida. Field trial will not have significant environment impact Today, the FDA’s Center for Veterinary Medicine (FDA-CVM) published its final findings of no significant impact (FONSI) and final environment assessment…

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Apple Inc. (AAPL) Offers Big Cash Rewards to Bug Finders

Apple

Apple Inc. (NASDAQ: AAPL) plans to offer big cash rewards to security researchers who can help find critical vulnerabilities in its products. Some technology companies such as Facebook (NASDAQ: FB), Google, and Microsoft have vulnerability reward programs for years, which encourage the security research community to report any vulnerability they can find. Apple is offering a reward of as much as $200,000 Ivan Krstic, the head of engineering and architecture at Apple announced the company’s bug bounty program during the Black Hat Conference in Las Vegas on Thursday. The Cupertino-based…

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Meg Whitman Endorses Hillary Clinton; Calls Donald Trump Demagogue

Hewlett Packard CEO Meg Whitman

Meg Whitman, the president and CEO of Hewlett Packard Enterprise (NYSE: HPE) endorsed Hillary Clinton to become the next president of the United States. Whitman is former Republican gubernatorial candidate in California and a major donor to the party. She is one of the high-profile Republicans who decided to crossover. Whitman said America needs Clinton’s leadership In a statement, Whitman said, “Donald Trump’s demagoguery has undermined the fabric of our national character. America needs the kind of stable and aspirational leadership Secretary Clinton can provide.” Whitman encouraged her fellow Republicans…

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Samsung Unveils Galaxy Note 7 with Iris-Scanning Technology

Samsung Electronics (KRX: 005930) unveiled the Galaxy Note 7 with innovative features such as the iris-scanning camera. With its new large-screen smartphone, the South Korean electronics giant showed it is working hard to maintain its dominance in the global smartphone market. During the first quarter of 2016, Samsung extended its lead over Apple Inc. (NASDAQ:AAPL) with 23.2% market share in the global smartphone market. The iPhone maker’s market share was 14.8%, according to data from Gartner. In a statement, DJ Koh, president of Mobile Communications Business at Samsung, said, “The…

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