ZTE shares tank in Asian markets after it agrees to pay $1.4 billion settlement to the US

REUTERS/Sergio Perez Investors wiped about $ 3 billion off embattled Chinese telecommunications giant ZTE Corp’s market value as it resumed trade on Wednesday after agreeing to pay up to $ 1.4 billion in penalties to the U.S. government. ZTE was crippled when the United States imposed a seven-year supplier ban on the company in April after it […]

Gartner: Global PC shipments fell 1.4% in Q1 2018, 14th straight quarter of decline

The PC market has now been in decline for 14 quarters in a row, according to research firm Gartner. The streak, if you will, dates back to the second quarter of 2012. For Q1 2018, Gartner found PC shipments were down globally year-over-year, while IDC reported they were flat. So far, 2018 doesn’t look like […]

Cambridge Analytica’s parent company reportedly offered a $1.4 million bribe to win an election for a client

Mario Tama/Getty Images The parent company of Cambridge Analytica, the political research company at the center of a massive Facebook data scandal, reportedly offered a $ 1.4 million bribe to win an election for a client.  SCL Group reportedly entrapped the leader of St. Kitts and Nevis’ opposition party with a $ 1.4 million (£1 million) bribe […]

New York commits $1.4 billion to renewable energy projects

Enlarge / MADISON, New York – 2015/10/11: Wind farm with autumn color. (credit: John Greim/LightRocket via Getty Images) On Friday, New York Governor Andrew Cuomo announced that his state would commit $ 1.4 billion to 26 renewable projects, including 22 solar farms, three wind farms, and one hydroelectric project. The outlay is a huge sum […]

Kalanick to make $1.4 billion from Uber's deal with SoftBank

Uber Technologies Inc co-founder Travis Kalanick, who was ousted as chief executive in June, is selling nearly a third of his 10 percent stake in the ride-services company for about $ 1.4 billion, a person familiar with the matter said on Thursday. Kalanick’s sale is part of a deal struck by a consortium led by […]

Anaplan looked like another troubled unicorn — but it’s back on track with a new $1.4 billion valuation

Anaplan Anaplan has raised $ 60 million in a new funding round that pushes its valuation to $ 1.4 billion, up from $ 1.1 billion. The new funding marks a keystone moment for first-time CEO Frank Calderoni, a well-known Silicon Valley executive who formerly served as chief financial officer at Cisco and Red Hat. The […]

Caveat Venditor: Car-Dealer Advertisement Complaints Cost Group $1.4 Million in Settlement with FTC

– If car shoppers expect to pay a certain amount for a vehicle and then learn that they’re on the hook for hundreds or thousands of dollars more, it can be a confusing and aggravating experience, to say the least. And it could have been the result of misleading advertising. That’s why the Federal Trade Commission […]

Mercedes-Maybach G650 Landaulet fetches record $1.4 million at auction

Alas, G-Wagen fans: The last available 2017 Mercedes-Maybach G650 Landaulet has sold to a private Belgian buyer, with all proceeds to benefit the children’s sports charity the Laureus Sport for Good Foundation. The price tag at the Zoute Sale at Bonhams was a record €1.2 million, or about $ 1.4 million. We previously dubbed the […]

$1.4 million jackpot is voided because bingo machine “malfunctioned”

Enlarge / The house always wins. (credit: Pascal Le Segretain/Getty Images) The cards are always stacked in favor of the casino. Casinos exist for one reason, and one reason alone: to take your money. They do it legally, even if it’s under cloudy circumstances. Consider the case of an Alabama man who put $ 5 […]