Yahoo’s Marissa Mayer would receive a $23m golden parachute if terminated “without cause” March 13, 2017 Marissa Mayer, the boss of Yahoo, is set to receive a $23m (£18.8m) golden parachute if she loses her job after Verizon completes its $4.83bn purchase. Yahoo said in a filing Mayer will receive the severance pay if she lost her job "without cause". Verizon hasn't yet specified whether Mayer will continue to lead Yahoo after the [...]
Businesses must put more cash into commercialising top tech R&D from universities, say MPs March 13, 2017 Businesses have been told to increase their investment in the world-class research and development which goes on in UK universities by MPs, to bring innovations to market and bring it in line with other countries. Members of the science and technology committee have called for a greater focus on the demands of business rather than the supply of [...]
Computacenter promises jam tomorrow as UK was “disappointing” this year March 13, 2017 IT infrastructure company Computacenter today said its UK performance for 2016 was disappointing but says next year will be “a year of progress overall” for the group. The figures Adjusted profit before tax fell by £0.5m to £86.4m, as adjusted revenues rose to £3.2bn from £3bn in 2015. The company declared a dividend of 22.2p per share, [...]
Mobileye share price soars as Intel’s $15.3bn acquisition confirmed March 13, 2017 Intel has snapped up an Isreali technology firm specialising in driverless car tech in a multi-billion dollar deal to accelerate its automotive plans. Shares of Mobileye shot up more than 30 per cent in pre-market trading on the New York Stock Exchange after reports of the deal initially serviced. Mobileye, which works on technology for driverless cars, has [...]
Lloyds Banking Group is about to outsource nearly 2,000 tech jobs to IBM March 13, 2017 Lloyds is about to outsource nearly 2,000 tech jobs to IBM, according to the union representing the bank's workers, in a billion pound deal that will save cash in the long term. The bank and the tech giant are on the verge of agreeing a seven year deal worth £1.3bn that would see 1,900 IT staff [...]
It’s not rocket science! How code written for a manned mission to Mars ended up selling advertising March 13, 2017 It's a question we’ve all faced: what to do when you’ve written machine learning code to help Nasa determine the optimal configuration of components for a manned mission to Mars? Use it to sell advertising, obviously. Such is the story of DataXu, one of the pioneers of Real Time Bidding. Founded way back in 2007, [...]
Bitcoin’s back over $1,200 despite the Winklevoss twins’ ETF disappointment March 13, 2017 Bitcoin surged upwards overnight after it took a dive at the end of last week when the US Securities and Exchange Commission (SEC) denied approval for Tyler and Cameron Winklevoss to list a bitcoin only exchange-traded fund (ETF). The twins' hopes were dashed on Friday after the US regulator said it wasn't happy with the fact the [...]
Boaty McBoatface is go: The little yellow sub is heading to Antarctica on its first mission March 13, 2017 Boaty McBoatface, the nation's favourite name for sea-faring vessels that launched a thousand naming contests, is go. Yes, the moniker may have been sidelined for one eliciting more gravitas, with the £200m polar research vessel being named RRS Sir David Attenborough in the end after a very amusing naming contest you might remember. But, a little [...]
PwC’s partnering with tech startup incubator Codebase March 13, 2017 PwC is putting its weight behind technology startups, partnering with the UK's biggest incubator. The professional services giant will support Scotland's Codebase, which is home to more than 80 startups in Edinburgh and will soon launch a second location in Stirling. Read more: Google parent Alphabet is backing London fintech startup Currencycloud It will offer [...]
Uber is looking for a woman to fill its new chief operating officer position March 12, 2017 Uber is reportedly searching for a female executive to join the firm as its new chief operating officer and help rein in under-fire boss Travis Kalanick. The ride-hailing app announced a new position which could be viewed as either the best or worst job in tech last week after recent troubles pushed Kalanick to search for someone to keep the [...]