Why Google paid $1.1 billion for HTC’s Pixel team

Google is buying part of HTC’s smartphone division for $1.1 billion, and acquiring 2,000 new employees. It’s a lifeline for HTC, which has struggled in recent years. And it demonstrates that Google is serious about its smartphone ambitions as its Pixel phones go head to head with Apple and Samsung, analysts say. A person tries a new Google Pixel phone at the Google pop-up shop in the SoHo neighborhood on October 20, 2016 in New York City. Spencer Platt/Getty Images After weeks of rumours, it’s finally official: Google is buying part of HTC’s smartphone business. The Californian technology giant is
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SEC Says It Was a Victim of Computer Hacking Last Year

SEC Says It Was a Victim of Computer Hacking Last Year  New York Times SEC reveals it was hacked, information may have been used for illegal stock trades  Washington Post SEC Says Cybercriminals Hacked Its Files, May Have Used Secret Data For Trading  NPR Hackers May Have Profited From SEC Corporate Filing System Attack  Bloomberg SEC.gov | SEC Chairman Clayton Issues Statement on Cybersecurity  SEC.gov Full coverage Source link
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HTC will have another flagship phone, even after billion-dollar deal with Google

HTC and Google have just made official a $1.1 billion agreement whereby a substantial proportion of HTC’s smartphone design and engineering team will move to work for Google. While the specific details of the deal have not yet been disclosed, one question has been answered preemptively by HTC’s press release: the company’s own-brand smartphone business will carry on with at least one more flagship. “This agreement also supports HTC’s continued branded smartphone strategy, enabling a more streamlined product portfolio, greater operational efficiency and financial flexibility. HTC will continue to have best-in-class engineering talent, which is currently working on the next
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How the Latest Obamacare Repeal Plan Would Work

In the meantime, analysts say, the individual insurance markets could face enormous changes. The legislation rolls back popular consumer protections in Obamacare, leaving each state to decide what minimum benefits must be covered or if customers with pre-existing illnesses should be protected from higher prices. Not every state would drop these provisions, but several might. One of the few Obamacare requirements that would remain is to allow children to stay on their parents’ insurance policies until age 26. The budget office has said it does not have time to analyze the full effects of the bill before the Senate hopes
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Hurricane Maria Live Updates: Puerto Rico Loses Power, Officials Say

Federal officials say they are prepared to help. President Trump said on Wednesday that he had “never seen” winds like the ones generated by Hurricane Maria as it made landfall in Puerto Rico. “We have a big one going right now — I’ve never seen winds like this — in Puerto Rico,” he said as he entered a meeting in New York with King Abdullah II of Jordan. “You take a look at what’s happening there, and it’s just one after another.” The king extended his “condolences” to residents in the path of the three storms that have hit the
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U.S. right-wing voices meddling more than Russia

German Chancellor Angela Merkel at an election campaign event in Regensburg, southern Germany, on Sept. 18.(Photo: AFP) Less than a week before Sunday’s vote that is likely to hand German Chancellor Angela Merkel a fourth term, evidence of anticipated Russian meddling has yet to materialize, but U.S. right-wing groups have interfered, according to German researchers.   “So far we have not been able to track down any specific Russian activity,” said Simon Hegelich,” a professor of political science data at the Technical University of Munich who has advised the German government about the threat of hacking and fake news.   More: Trump is boosting Merkel’s
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HTC is halting trade of its shares in anticipation of expected takeover

HTC, one of Taiwan’s premier tech brands and a true pioneer in the development of the Android hardware ecosystem, has today announced it is about to halt trading of its shares tomorrow in anticipation of a “major announcement,” as first reported by Bloomberg’s Tim Culpan. Earlier this month, the company was rumored to be in the final stages of negotiating a takeover with Google, and today’s news appears to be setting the stage for that buyout becoming official. Or it could be some anonymous asset-holding company buying up what’s left of HTC, but the exciting scenario is definitely the one
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Unemployment The Reason Why Narendra Modi, Donald Trump Were Voted To Power: Rahul Gandhi

Congress Vice President Rahul Gandhi interacted with students at Princeton University during his US visit Princeton, New Jersey:  Leaders like Narendra Modi and Donald Trump are being elected all over the world because people are in pain due to unemployment, Congress vice president Rahul Gandhi said today, but stressed that even the prime minister was not doing enough to solve the key problem facing India. Mr Gandhi, 47, who is in the US on a two-week-long tour, during his interaction with students at the prestigious Princeton University admitted that the Narendra Modi-led BJP came to power in India because people
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Irma’s damage a reminder of Florida economy’s vulnerability

WASHINGTON –  Florida’s economy has long thrived on one import above all: People. Until Irma struck this month, the state was adding nearly 1,000 residents a day — 333,471 in the past year, akin to absorbing a city the size of St. Louis or Pittsburgh. Every jobseeker, retiree or new birth, along with billions spent by tourists, helped fuel Florida’s propulsive growth and economic gains. Yet Hurricane Irma’s destructive floodwaters renewed fears about how to manage the state’s population boom as the risks of climate change intensify. Rising sea levels and spreading flood plains have magnified the vulnerabilities for the
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Strong earthquake shakes Mexico, killing over 100 people

A 7.1-magnitude earthquake sent people in Mexico City into the streets on Sept. 19, the anniversary of another powerful quake. (Sarah Parnass,Joshua Partlow/The Washington Post) MEXICO CITY — A powerful 7.1-magnitude earthquake struck central Mexico on Tuesday, collapsing buildings and killing dozens of people on the anniversary of a 1985 quake that devastated Mexico City. Coming less than two weeks after a deadly temblor off Mexico’s Pacific coast, and just hours after a siren signaled an annual earthquake drill in the capital, Tuesday’s quake shook the ground with terrifying force, buckling walls and sending panicked residents fleeing into the streets.
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