Goldman Sach’s former technology chief is doing great business at his new payments company

  Earthport, the cloud-based payment platform run by Goldman Sach’s former co-COO of technology, Hank Uberoi, put out unaudited results for the year to June on Wednesday – and they’re pretty good. The London-based company’s revenue jumped 78% last year to £19.25 million ($30 million). The dollar value of payments made on Earthport’s cloud-platform rose by 75%, and the company ... Read More »

Apple leaves Wall Street hungry for more – can it deliver?

To Wall Street, Apple is a company where the glass is constantly half-full. Itsquarterly results on Tuesday night showed revenues up 33% and operating profits up 37% to $49bn (£31bn) and $14.1bn respectively. However, there were disappointments for investors grown used to quarter after quarter of stellar figures. Unit sales of iPhones rose 35% to 47.5m in the three months ... Read More »

Technology on the road with you

NEGAUNEE — Technology is everywhere, your computer, phone, and even in your car. With an increasing demand people are looking to stay connected while they are in their vehicle too. “Technology today is happening so quickly,” said Erick Brooks, a sales consultant at Fox Motors in Negaunee. “It’s amazing. I’ve been in this industry for several years and it just ... Read More »

The Biggest Tech Rally Since October Just Hit a Brick Wall

  The biggest technology rally since October was knocked cold, as disappointing earnings reports punished Microsoft Corp. and gave Apple Inc. its biggest loss this year. Five days after Google Inc.’s earnings spurred the largest one-day wealth creation by any U.S. stock, computer and software shares are tumbling. Apple, Microsoft and Yahoo! Inc. retreated on disappointing results. Apple, the world’s ... Read More »

Apple latest tech company to call Martin Place home

The march of the information tech tenants encroaching into traditional office markets continues unabated, with the colossus, Apple, taking up residence in the prime of Martin Place. Its new digs, at 20 Martin Place, the former home of the ANZ Bank, will be the mobile phone giant’s Australian headquarters covering six floors of office for the next 10 years. The retail ... Read More »

Nasa’s Odyssey Spacecraft to Complete 60,000 Orbits Around Mars on Tuesday

Nasa’s Mars Odyssey spacecraft will reach a major milestone on June 23, when it completes its 60,000th orbit since arriving at the Red Planet in 2001.Odyssey began orbiting Mars almost 14 years ago, on October 23, 2001. Named after the best-selling novel “2001: A Space Odyssey” by Arthur C. Clarke, Odyssey on December 15, 2010, became the longest-operating spacecraft ever ... Read More »

Nasa’s Hubble Telescope Shows Formative Years of Quasars

By using Hubble Space Telescopes infrared vision, astronomers have uncovered the mysterious early formative years of quasars, the brightest objects in the universe.Hubble’s sharp images unveil the chaotic collisions of galaxies that fuel quasars by feeding supermassive central black holes with gas. “The Hubble observations are definitely telling us that the peak of quasar activity in the early universe is ... Read More »

AMD Said to Be Mulling Breakup, Spinoff

Chipmaker Advanced Micro Devices Inc is at the initial stage of reviewing whether to split itself in two or spin off a business, seeking to reverse its fortunes and take on rival Intel Corp , according to three people familiar with the matter. The deliberations are preliminary and no decision has been made, the people said. The review highlights Chief ... Read More »

Apple Watch 2 Tipped to Bring FaceTime Camera, Tether-Less Wi-Fi, More

Apple earlier this month introduced watchOS 2, which will be rolled out later this year to Apple Watch users and bring several new features. While the Cupertino-based tech firm is still expected to be some distance away from launching a new wearable, rumours for what features the Apple Watch’s successor will carry have already been doing the rounds. Fresh details ... Read More »

Falling Rouble Cuts Value of ‘Electronic Noble’ Prize for Recipients

The highest Russian technology award was presented in St. Petersburg on Friday by President Vladimir Putin to two American recipients, calling their work as the greatest contribution to humanity in their fields.The Global Energy Prize, though not a government award, is looked upon in Russia as the ‘electronics Nobel’. It was given to Nobel Laureate Shuji Nakamura for his contribution ... Read More »