Getting Congress to pass what President Donald Trump hopes to be a $1 trillion package to fund U.S. infrastructure upgrades would be just the first step in a decadeslong endeavor, U.S. Chamber of Commerce CEO Tom Donohue told CNBC on Thursday. Infrastructure in the United States is “25 years behind […]
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Intel’s security patches are causing computers to randomly restart
Intel confirmed late on Wednesday that its patches to fix processors affected by the Spectre and Meltdown security exploits are causing computers to suddenly reboot on their own. Intel originally noted this on Jan. 11 when it said users had reported random reboots on systems that are powered by Intel […]
Comcast shares fall after downgrade on slowing broadband growth fear, streaming competition
Comcast faces a host of challenges that will likely keep its stock at bay in 2018, according to one Wall Street bank. Nomura Instinet downgraded shares to neutral from buy on Thursday, saying the media giant will confront a “narrowing runway” as over-the-top competitors drive declines in traditional video and […]
Trump goes against his own party’s shutdown plan with children’s insurance tweet
President Donald Trump added more confusion to Congress’ scramble to avoid a government shutdown Thursday morning, when he appeared to reject a key part of a temporary funding bill Republicans hope to pass. “CHIP should be part of a long term solution, not a 30 Day, or short term, extension!” […]
Trump vows to campaign intensively for Republicans, but may avoid the primaries
President Donald Trump said on Wednesday that he plans to devote much of his time this year to helping Republicans maintain control of the U.S. Congress, but suggested he may stay out of divisive intra-party primary fights. “I am going to spend probably four or five days a week helping […]
Wyndham Worldwide to buy La Quinta’s hotel business for $1.95 billion
U.S. hotel operator Wyndham Worldwide said on Thursday it would acquire La Quinta’s hotel franchise and management businesses for $1.95 billion in cash, expanding its midscale presence amid increasing travel demand. La Quinta shareholders will receive $8.40 per share in cash and Wyndham will repay about $715 million of La […]
Morgan Stanley shares pop surge after bank reports better-than-expected earnings
Morgan Stanley posted fourth-quarter earnings and revenue on Thursday that beat analyst expectations on strong results in wealth management. Here’s how the banking giant fared against analyst estimates: EPS: 84 cents per share vs. 77 cents expected by Thomson Reuters Revenue: $9.5 billion vs. $9.2 billion expected Wealth management: $4.41 […]
Republicans scramble for votes as threat of a government shutdown looms
The White House on Wednesday threw its support behind a Republican proposal to avert a government shutdown at week’s end with a one-month extension in funding, but it was unclear whether there were enough votes to pass it in Congress. Congress has been struggling for months to reach an agreement […]
Apple’s latest security flaw is a ‘text bomb’
A newly discovered security flaw is affecting Apple‘s iPhone and Mac computers. Software developer Abraham Masri claimed to have found the bug, called “chaiOS,” and posted it on programming site GitHub on Tuesday afternoon. The so-called “text bomb” typically causes an iPhone to crash and, in some cases, restart. Sending […]
How technology is helping transform BMW’s business model
German auto giant BMW can trace its roots all the way back to 1916. A lot has changed in the industry since then, of course, but the importance of innovation has remained a constant. While technological advances such as autonomous driving may be changing BMW vehicles, the company’s business model […]