IBM CEO Rometty to Step Down in April
Rometty will stay on as executive chairman but plans to leave IBM at the end of the year after nearly 40 years at the company.
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SoftBank Failed to Convince DoorDash to Sell Itself to Uber
DoorDash appears to have leverage versus Uber, so Uber would have to pay up to take out its biggest food-delivery rival.
Amazon Has More Than 150 Million Prime Members
The strong quarterly results show the company's business is firing on all cylinders, even in the face of increasing regulatory scrutiny.
Banks Can Invest in VC Funds Again, Says Fed
The changes to the Volker Rule are likely to bring an influx of capital to the VC market where there is already no shortage of cash.
Coronavirus Worry Hits Hedge Fund
The episode shows that U.S. firms are on high alert to deal with anyone who might be infected with the fast-spreading virus.
Verizon Takes $186 Million Charge on Media Business
Verizon's second write-down of its media business in a few years raises questions about the future of the division.
Jack Ma and China’s Tech Firms Line Up to Help Fight Virus
The donations from China's technology firms curry favor with the government and public, but also address a shortage of frontline supplies to fight the virus.
Samsung Sees Higher Chip Demand, Says China Virus Clouds Outlook
Samsung predicted that sales of its memory chips would increase with demand from 5G networks, but cautioned the outlook is clouded by the coronavirus outbreak.
Microsoft Shares Hit All-Time High After Strong Q2 Cloud Sales
Azure business breaks a three-quarter string of sales growth declines, while Office 365 sales to businesses showed strong growth.
Google Temporarily Shuts Down Offices in China Amid Coronavirus Outbreak
Google joins Facebook and Apple in restricting employee travel to the area as the deadly virus spreads.
Facebook Revenue Growth Slows in 2019 as Costs Climb
Despite efforts to lower expectations, Facebook's mix of slowing growth and rising costs caused otherwise strong earnings results to land with a thud.
Tesla Stock Flies Higher After Producing Record $1B in Quarterly Cash
The electric car maker has generated cash in five of the last 6 quarters, and it's getting harder for doubters to point to vulnerabilities.
Lyft Trims Marketing Roles Following Similar Uber Cuts
The layoffs hit employees working on local marketing, and Lyft said it is taking a regional approach. Despite the cuts, Lyft's overall headcount is growing.
Penn National Buys Stake in Barstool With Path to Control
The deal values the sports commentary site at $450 million and expands its already growing presence into gambling.
Warren Says Campaign Won’t Spread False Claims About Other Candidates Online
Elizabeth Warren's pledge not to spread lies about other candidates highlights Democrats' frustration with the spread of false claims on social media.
Zuckerberg to Meet With EU Regulators Next Month
Facebook CEO Mark Zuckerberg will visit Brussels next month amid antitrust and privacy scrutiny on both sides of the Atlantic.
AT&T’s Media Acquisitions Take a Hit
AT&T's quarterly results show the challenges for the cell phone giant of diversifying into media businesses that are in the middle of a transition to streaming.
U.S., U.K. Airlines Cut Flights to China in Potential Blow to Tech
As the list of companies limiting travel to China grows, the economic impact of the fast-spreading novel coronavirus deepens, affecting businesses like Apple.
Facebook’s Head of Engineering to Depart
While Facebook still has a deep bench of senior, long serving leaders, it has seen a lot of turnover in the last few years as it became besieged by scandals.
Match CEO Steps Down, COO to Take the Reins
The CEO gave mostly personal reasons for giving up the role, including a recent surgery and damage from a tornado to her home.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
By providing your email, you agree to The Information’s Privacy Policy