Trading in Toshiba stock was halted Wednesday after the Tokyo-based technology conglomerate confirmed it had received a preliminary acquisition proposal. Toshiba Corp. said it had asked for more details on the proposal it had received on Tuesday, was giving it “careful consideration” and would make an announcement “in due course.” Major Japanese newspaper Nikkei reported […]
Tech
South Korean electronics maker LG said Monday it is getting out of its loss-making mobile phone business to focus on electric vehicle components, robotics, artificial intelligence and other products and services. LG’s board approved the shift in strategy and the company expects to fully exit the mobile phone business by the end of July, it […]
U.S. technology employment continued to expand in March, contributing to the strongest month for hiring the country has experienced since last August, according to an analysis by CompTIA, the nonprofit association for the information technology (IT) industry and workforce. Tech sector companies added 9,700 jobs in March, a combination of technical and non-technical positions, data […]
New York City announced earlier this week the deployment of a new COVID-19 passport built on IBM’s blockchain-based health pass technology, as businesses in the U.S. are starting to request proof of vaccination or negative PCR for entry. The COVID-19 passport app, called Excelsior Pass, is a free and voluntary platform developed in partnership with […]
Apple Inc. announced on Wednesday that over 110 of its manufacturing partners around the world will be moving to 100 percent renewable energy for their Apple production, with nearly 8 gigawatts of planned clean energy set to come online, the company said in a release. According to the tech behemoth, once completed, these commitments will […]
Edmunds’ test team recently published the results of its real-world range testing for electric vehicles. Notably, every Tesla the team tested in 2020 came up short of matching the EPA’s range estimate. Almost all other EVs Edmunds tested met or exceeded those estimates. That result, as you can likely guess, ruffled some feathers at Tesla […]
Virgin Galactic rolled out its newest spaceship Tuesday as the company looks to resume test flights in the coming months at its headquarters in the New Mexico desert. Company officials said it will likely be summer before the ship — designed and manufactured in California — undergoes glide flight testing at Spaceport America in southern […]
New York City and the Tri-State Area have recorded the fastest aggregate Internet speed in the United States with a median download speed of 46.3 Mbps which topped the 10 biggest cities in the country and tops the rankings for all 125 cities tested in the second half of 2020, a new report finds. According […]
Nearly 6,000 Amazon warehouse workers in Bessemer, Alabama, are deciding whether they want to form a union, the biggest labor push in the online shopping giant’s history. The stakes are high for Amazon. The organizing in Bessemer could set off a chain reaction across its operations nationwide, with more workers rising up and demanding better […]
New York state Sen. Michael Gianaris was ecstatic when Amazon named Long Island City in 2018 as a front-runner for its new headquarters, a project that would bring 25,000 jobs and $2.5 billion in construction spending to his district in Queens. But his support faded quickly when he learned that state and city leaders had […]