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Snap shares fall below $17 IPO price for first time

Snap shares fall below $17 IPO price for first time
Written by Louis Downey on 2017-07-10


Snap Inc (SNAP.N) shares slipped below their initial public offering price of $17 for the first time on Monday, signaling waning investor confidence in the social media company's growth potential as it faces fierce competition.The stock fell as low as $16.95 in late afternoon trading before closing at $16.99 on the New York Stock Exchange, down 1.1 percent. The Snapchat owner's March market debut...(Read More)

Denied U.S. visas, all-girl Afghan robotics team to watch their creation compete via Skype

Denied U.S. visas, all-girl Afghan robotics team to watch their creation compete via Skype
Written by Louis Downey on 2017-07-04


HERAT, Afghanistan Two Afghan girls refused visas to the United States for a robot-building competition said on Tuesday they were mystified by the decision, as the contest's organizers said teams from Iran and Sudan as well as a de facto Syrian team had gained visas.The unusual story of the Afghan all-girl team of robotics students emerged as the United States grapples with the legality of President...(Read More)

Exclusive: Dropbox seeks to hire IPO underwriters - sources

Exclusive: Dropbox seeks to hire IPO underwriters - sources
Written by Reuters on 2017-07-03


Data-sharing business Dropbox Inc is seeking to hire underwriters for an initial public offering that could come later this year, which would make it the biggest U.S. technology company to go public since Snap Inc (SNAP.N), people familiar with the matter said on Friday.The IPO will be a key test of Dropbox's worth after it was valued at almost $10 billion in a private fundraising round in 2014.Dropbox...(Read More)

Beef Peanut Stew

Beef Peanut Stew
Written by Bryan Clary on 2017-07-06


Without fail, when school starts after Labor Day something shifts in the air every year. I can feel it. Waking up to crisp cool mornings that warrant a sweatshirt instead of a tank top is just the first of many signs. I can see it. Suddenly leaves everywhere are showing the beginning signs of changing colors. Bright yellowish green and orange leaves start to sway back and forth alone in the wind...(Read More)

Nike-Amazon deal may hurt sporting goods retailers: analysts

Nike-Amazon deal may hurt sporting goods retailers: analysts
Written by Reuters on 2017-07-02


Nike's pilot program to sell certain products on Amazon and Instagram is a precursor to it forging a deeper relationship with online retailers, and could hit sales at sporting goods retailers such as Foot Locker Inc (FL.N).The deal — which is expected to help Nike Inc (NKE.N) weed out counterfeit products sold through unlicensed dealers online and give it more control over its distribution —...(Read More)

Toshiba seeks dismissal of Western Digital injunction request over chip unit

Toshiba seeks dismissal of Western Digital injunction request over chip unit
Written by Reuters on 2017-07-04


TOKYO Toshiba Corp has asked a U.S. court to dismiss a Western Digital Corp request for an injunction to prevent a sale of the Japanese firm's chip business, saying the court has no jurisdiction and that an injunction would cause irreparable harm.Western Digital, which jointly runs Toshiba's main semiconductor plant, has claimed that its partner has breached joint venture contracts as it pursues...(Read More)

Lunar robots put to the test on Sicily

Lunar robots put to the test on Sicily's Mount Etna
Written by Reuters on 2017-07-04


MOUNT ETNA, Italy A robot wheels across a rocky, windswept landscape that looks like the surface of some distant planet from a science fiction film. But it is not in outer space, it's on the slopes of Europe's most active volcano.Mount Etna, in Sicily, is a test bed for the approximately three-foot high, four-wheeled machine ahead of a future mission to the moon. It is being conducted by the German...(Read More)

Samsung plans $18.6 billion South Korea investment to widen chip lead

Samsung plans $18.6 billion South Korea investment to widen chip lead
Written by Reuters on 2017-07-04


SEOUL Samsung Electronics Co Ltd (005930.KS) said on Tuesday it will invest at least $18.6 billion in South Korea to extend its lead in memory chips and next-generation smartphone displays, in a plan that promises to create almost half a million jobs. The investment underscores Samsung's determination to widen its lead in memory chips, which are expected to propel Asia's third most-valuable company...(Read More)

Alibaba launches low-cost voice assistant amid AI drive

Alibaba launches low-cost voice assistant amid AI drive
Written by Reuters on 2017-07-05


BEIJING China's Alibaba Group Holding Ltd launched on Wednesday a cut-price voice assistant speaker, similar to Amazon.com Inc's "Echo", its first foray into artificially intelligent home devices.The "Tmall Genie", named after the company's e-commerce platform Tmall, costs 499 yuan ($73.42), significantly less than western counterparts by Amazon and Alphabet Inc's Google, which range from $120 to...(Read More)


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