Business IT

 

Innovation

Paul Fletcher says reforms are coming to remove innovation 'blockers'

Paul Fletcher is Parliamentary Secretary to the Minister for Communications Malcolm Turnbull.

Andrew Colley   12:06 PM   The federal government denies it’s moving too slowly on economic reforms to foster technology start-ups. Told to consider Israel example.

Results

Apple reports $7.7 billion profit

Even though sales of the iPad have dropped slightly, and Q3 is generally a slow period for smartphones, the iPhone has seen a bump  up in sales.

Brian X Chen   8:45 AM   For Apple, the iPhone continues to be the gadget that makes the company tick.

Payments

Payments start-up Stripe launches in Australia

Stripe's payment platform allows online businesses to accept payments from local and international cards.

San Francisco company Stripe has launched its global payments platform in Australia, marking a first move into the Asia-Pacific region for the three-year-old payments start-up backed by a trio of PayPal co-founders.

Business

EMC targeted by activist investor

Activist investor Elliott is pushing for EMC to spin off VMware.

Elliott Management has amassed an active stake of more than $US1 billion in EMC and is pushing the world's biggest maker of storage computers to spin off its VMware unit, a person familiar with the matter said.

Start-up

Investors pour millions more into Ori Allon’s Urban Compass start-up

Funding for expansion: Urban Compass co-founder Dr Ori Allon.

Stephen Hutcheon   Urban Compass, the real estate brokerage start-up co-founded by Australian-educated entrepreneur Ori Allon, secures a new round of funding which values the company at $US360 million.

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Jobs

Big Apple leads technology-sector investment to boost jobs

Flatiron School tech students

Matthew Hall   As Australia’s federal government looks to make controversial budget cuts to education, innovation and science research, New York City is partnering with schools and private companies to fund training and jobs.

Connectivity

Telstra and Ericsson testing virtual home gateway

Telstra and Ericsson are looking to connect all home devices via a virtual gateway rather than multiple set-top boxes and modems.

Stuart Corner   Trials of new technology being undertaken by Telstra and Ericsson could enable pay TV, internet and other services to be delivered without customers needing a set-top box at home.

News bytes for week of July 21, 2014

Online retailer Catch of the Day suffered a data breach in 2011.

A billion in pay packets; the breach of the day and lack of security education.

Digital currency

Financial regulators take note of bitcoin's rise in popularity

bitcoin

Beverley Head   Virtual currencies remain firmly on the radar of financial regulators despite only 2 per cent of Australians ever using alternative currencies such as bitcoin.

Disruption

Technology making financial playing field uneven

Financial system inquiry chair David Murray

Beverley Head   The last time Australia's financial system was formally reviewed, 14 per cent of Australians had internet access from home - today the figure is 83 per cent. Technology has similarly revolutionised the world of banking and payments.

Layoffs

Microsoft to cut up to 18,000 jobs, mostly from new acquisition Nokia

Workers leave Microsoft's office, in Oulu, Finland.

Nick Wingfield   The job cuts are the largest in the company's 39-year history, representing 14 per cent of its workforce.

Automation

Jobs will be lost to robots: Seek boss

Robots and automation are moving beyond manufacturing.

Karlis Salna   The head of Australia's largest online employment website says more people will lose their jobs and will have fewer opportunities to find work as businesses increasingly replace labour with technology.

E-commerce

Facebook tests 'Buy' button

Facebook.

Social network trying out "Buy" button to boost their advertising sales.

Business

Google's business chief departs for SoftBank

Exiting: Google's Nikesh Arora.

Google's main liaison to Wall Street is leaving the internet search company.

Start-ups

Memo to start-up hopefuls: do your homework

Due diligence: Start-ups need to research well before committing to an accelerator or incubator program.

Three-step check list to decide if an incubator or accelerator program is what your amazing start-up idea needs.

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Antitrust

Apple agrees to $450m e-books antitrust accord

Apple denies acting illegally over e-book prices, but has agreed to pay $450m if the decision against them is upheld.

Apple has agreed to pay $US450 million to resolve US state and consumer claims the iPad manufacturer conspired with five major publishers to fix e-book prices, according to court records.

Payment tech

Visa turns up the online pressure on PayPal

The redesigned and rebranded Visa Checkout app.

Beverley Head   Visa is making another tilt at PayPal, currently the darling of online consumers, with a rebranded and reworked digital payment system that allows consumers to pay for goods online from any device using just a login and password.

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Disruption

Digital technology an opportunity and a threat for financial system: inquiry

A bitcoin wallet app

Shaun Drummond   Digital technology is breaking down barriers to competition in financial services, but it also threatens to create new monopolies and could undermine the safety of the financial system, according to the Murray inquiry's interim report.

Partnerships

Apple, IBM team up on devices for business

Apple CEO Tim Cook and IBM CEO Ginni Rometty at Apple's headquarters on Tuesday.

Apple eyes enterprise market with custom devices that bring the power of IBM's supercomputing analytics to a mobile workforce.

Data analytics

Germany's World Cup a win for tech

Bright future: Mario Goetze of Germany kisses the World Cup.

Lia Timson   It’s a dream come true for a sponsor: not only does the team it has backed win soccer's biggest title, but it does so using the sponsor's own wares.

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