Paycom Software joins S&P 500, replacing Centene

Paycom Software joins S&P 500, replacing Centene

Chad Richison, CEO, Paycom Scott Mlyn | CNBC Paycom, a provider of cloud-based payroll software, was added to the S&P 500 on Wednesday after the company’s stock price more than doubled over the past year, lifting its market value to almost $18 billion. The shares rose more than 5% in extended trading following the announcement. … Read more…

Bezos-hired experts say Saudi crown prince MBS may have hacked phone

Bezos-hired experts say Saudi crown prince MBS may have hacked phone

Jeff Bezos, founder and chief executive officer of Amazon.com Inc., listens during an Economic Club of Washington discussion in Washington, D.C., U.S., on Thursday, Sept. 13, 2018. Andrew Harrer | Bloomberg | Getty Images An outside investigation ordered by Amazon CEO Jeff Bezos concluded that a WhatsApp account connected to Mohammed bin Salman, the crown prince … Read more…

Lufthansa taps Google's cloud tech to reduce flight delays

Lufthansa taps Google’s cloud tech to reduce flight delays

A Boeing 747-8 Lufthansa airplane takes off from the Airport Tegel in Berlin. Britta Pedersen | AFP | Getty Images Lufthansa is partnering with Google’s cloud unit in an effort to minimize the impact of flight delays and other irregularities on its passengers. The German airline group will use Google Cloud’s infrastructure to bring its … Read more…

France reforms employee stock options to rival Silicon Valley

France reforms employee stock options to rival Silicon Valley

French President Emmanuel Macron speaks as he visits the Station F start-up campus in Paris. Ludovic Marin | AFP | Getty Images France is bringing in new rules on employee stock options to lure in talent and compete with the U.S.’ top tech hub. President Emmanuel Macron will on Monday announce the government’s plans, which … Read more…

Analysts raise Apple price targets but Nomura warns the music may stop

Analysts raise Apple price targets but Nomura warns the music may stop

FAANG stocks displayed at the Nasdaq. Adam Jeffery | CNBC Morgan Stanley and Nomura analysts on Friday raised their price targets for Apple stock as the tech giant’s shares continue to surge. However, the latter cautioned that inflated iPhone 12 expectations “may make the music stop” and questioned market enthusiasm about a “5G supercycle.” In … Read more…

America is about to get a powerful tool in the war against cancer

America is about to get a powerful tool in the war against cancer

The National Oncology Particle Therapy Centre in Milan, Italy, where state-of-the-art particle therapy is a technique used to treat cancer, using hadrons, protons, proton therapy and carbon ion treatment to irradiate tumors. BSIP | Universal Images Group | Getty Images America’s war on cancer is about to get another tool in its arsenal. The country’s … Read more…

Epic Systems warns customers it will stop supporting Google Cloud

Epic Systems warns customers it will stop supporting Google Cloud

Thomas Kurian, CEO of Alphabet’s Google Cloud, speaks at the Google Cloud Next conference in San Francisco on April 9, 2019. Michael Short | Bloomberg | Getty Images Account representatives from Epic Systems, one of the largest providers of medical record systems, have started calling customers with a clear message: We will not be pursuing … Read more…

Microsoft launches global ad campaign for Teams, Slack competitor

Microsoft launches global ad campaign for Teams, Slack competitor

Microsoft’s new Teams ad campaign. McCann Microsoft is launching a major new ad campaign for Teams, its work-communication app, which has been duking it out with Slack for dominance in the workplace. A new global ad campaign from Microsoft will aim to sell “The Power of Teams,” juxtaposing old-school conference room meetings, complete with packets … Read more…

Satya Nadella credits Ballmer for pushing Microsoft to cloud: Cramer

Satya Nadella credits Ballmer for pushing Microsoft to cloud: Cramer

Microsoft’s stock price has more than quadrupled since Satya Nadella took over as CEO six years ago, thanks to the company’s rapid growth in cloud computing.  But Nadella credits his predecessor, the louder and more outspoken Steve Ballmer, for making the decision to take on Amazon Web Services in cloud infrastructure, where Microsoft is now the … Read more…

Bolt CEO Markus Villig says Uber rival seeing signs of profitability

Taxi app Bolt backed by European Investment Bank to compete with Uber

Bolt CEO Markus Villig Bolt Bolt, the European challenger to ride-hailing giant Uber, has secured 50 million euros ($56 million) in debt financing from the lending arm of the EU. The European Investment Bank, or EIB, has invested in Bolt through a venture loan, which is used as an alternative to taking equity in a … Read more…