Bloomberg

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Tech Made Simple

Microsoft condemns Apple’s App Store policies

Microsoft is now rebuking Apple over its stringent developer restrictions and its stance on cloud gaming apps, which the iPhone maker does not allow on the App Store for apparent "violations" of its guidelines. A statement attributed to a Microsoft spokesperson said, “Apple stands alone as the only general purpose platform to deny consumers from cloud gaming and game subscription services like Xbox Game Pass.” Back in March, Bloomberg reported […]

todayAugust 11, 2020

Tech Made Simple

Big Tech rakes it in during the pandemic, and Apple is on top in the world

Apple is now the world’s most valuable publicly traded company, passing Saudi Arabia’s state-owned oil company Saudi Aramco. According to CNBC, as of close of business Friday, Apple has a market valuation of $1.84 trillion, while Saudi Aramco’s is $1.76 trillion. Apple’s stock, which has been on a largely-steady climb since the end of March, closed up more than 10 percent on Friday following the company’s record-breaking third-quarter earnings on […]

todayAugust 5, 2020

Fashion

Ann Taylor and Lane Bryant Parent Co files for Bankruptcy

Bloomberg reports that Ascena Retail Group Inc., owner of the Ann Taylor and Lane Bryant clothing chains, will close more than half its stores and hand control to its lenders after the Covid-19 pandemic tipped the debt-laden retailer into bankruptcy. The court filing on Thursday is the latest among U.S. retailers that have been pushed over the edge by shutdowns tied to the outbreak. The Chapter 11 action allows Ascena […]

todayJuly 27, 2020

Tech Made Simple

Apple will reopen a handful of US stores this week

Apple’s US retail stores have been closed since mid-March due to the COVID-19 pandemic, but the company is going to start opening some of them back up this week. “We’re excited to begin reopening stores in the US, starting with some stores in Idaho, South Carolina, Alabama, and Alaska,” an Apple representative told CNBC. “Our new social distance protocol allows for a limited number of visitors in the store at […]

todayMay 11, 2020

Fashion

The CEO of Victoria’s Secret Is Stepping Down

After years of controversy and sliding sales, Leslie Wexner, the billionaire behind Victoria’s Secret, is stepping down as its CEO. Wexner’s exit, confirmed by Bloomberg last week, has been a long time coming. The brand has been in free fall for years: The Victoria’s Secret Fashion Show was officially canceled last year after years of declining viewership, and the brand’s sales started falling in 2017, as customers turned to new […]

todayFebruary 25, 2020

Health & Wellness

Your Doctor may have Rx’d Opioids because his rigged Computer told him to

San Francisco-based medical records startup Practice Fusion allegedly developed software for pharmaceutical companies to help increase the number of prescriptions doctors wrote for pain medications, according to a settlement with the US Department of Justice, Bloomberg reports. The company, which supplied its software to tens of thousands of doctors offices nationwide, admitted doing so as part of a $145 million federal settlement to resolve civil and criminal penalties, including $113 […]

todayFebruary 11, 2020

Tech Made Simple

Did Your Doc’s Computer Rx Opioids because Drugmakers Tweaked the Software?

San Francisco-based medical records startup Practice Fusion allegedly developed software for pharmaceutical companies to help increase the number of prescriptions doctors wrote for pain medications, according to a settlement with the US Department of Justice, Bloomberg reports. The company, which supplied its software to tens of thousands of doctors offices nationwide, admitted doing so as part of a $145 million federal settlement to resolve civil and criminal penalties, including $113 […]

todayFebruary 11, 2020

Tech Made Simple

China’s Coronavirus Outbreak is Impacting the Tech Industry

The Verge reports that the tech sector is currently feeling the impact of the coronavirus, with companies closing offices, stores, and factories in China as well as restricting employees from nonessential travels to the country. The closures, which were initially expected to last through the Lunar New Year holiday week in late January, have now extended to February 10th, though it is still unclear whether most companies will be back […]

todayFebruary 10, 2020

Tech Made Simple

Apple is closing all offices and stores in China through February 9th

Apple is no longer just closing one store in China over coronavirus worries — Apple is closing them all. The company is shutting down all its corporate offices, stores, and contact centers in mainland China through February 9th, according to a statement provided to Bloomberg’s Mark Gurman. Now that the coronavirus outbreak has killed over 200 people in China, infected nearly 10,000 worldwide, been declared a global public health emergency, […]

todayFebruary 4, 2020

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