Grocery robots are answering the call for ‘cleanup on Aisle 3’

SEEKONK, Mass. — A wheeled robot named Marty is rolling into nearly 500 grocery stores to alert employees if it encounters spilled granola, squashed tomatoes or a broken jar of mayonnaise. But there could be a human watching from behind its cartoonish googly eyes. Badger Technologies CEO Tim Rowland says its camera-equipped robots stop after detecting a potential spill. But […]

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IBM target cut at Instinet but stock remains firm’s ‘preferred defensive play’

Instinet analyst Jeffrey Kvaal reduced his price target on shares of International Business Machines Corp. IBM, +0.69% to $160 from $170 on Tuesday, citing unfavorable foreign-exchange trends. Kvaal nonetheless remains upbeat about the stock, maintaining a buy rating and calling shares his "preferred tech defensive play" due to its annuity revenue, low valuation, and potential to return to sales growth. […]

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Apple’s stock falls to lead Dow losers; analyst sees need for aggressive iPhone price cuts and ‘significant’ M&A

Shares of Apple Inc. AAPL, -1.36% dropped 1.9% in morning trade Monday, enough to pace the Dow Jones Industrial Average’s DJIA, -0.23% decliners. Wedbush Morgan analyst Dan Ives reiterated his outperform rating and $200 stock price target, which is about 34% above current levels, but said Apple has to "aggressively" cut prices in China on its iPhone XR to boost […]

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The JEDI war: Amazon, Oracle and IBM battle in mysterious world of military contracts

Some of the biggest companies in tech are fighting with the U.S. government over questionable practices in the mysterious world of military contracts, with a lucrative prize at the end: a hefty $10 billion, multi-year cloud-computing deal. At stake is a highly publicized but controversial contract to provide cloud services for the Department of Defense, dubbed Joint Enterprise Defense Infrastructure, […]

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Samsung warns fourth-quarter operating profit will fall nearly 30%

SEOUL — Samsung Electronics Co. expects its fourth-quarter operating profit will decline 29%, a surprise result that fell far below analysts’ estimates and the latest sign of challenges hitting the tech industry. The world’s largest maker of smartphones and semiconductors said its estimated profit decline comes “amid mounting macro uncertainties.” The Suwon, South Korea-based company pointed to “lackluster demand” for […]

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Key by Amazon adds Wi-Fi deadbolt, Key for Garage and other products and services

Amazon.com Inc. AMZN, +2.95% said Monday that it’s adding a variety of products and services to Key by Amazon, a smart system that locks and unlocks customers’ doors. The Schlage Encode Smart Wi-Fi Deadbolt that operates with just Wi-Fi and the Key app will be priced at about $250, or $300 with the Amazon Cloud Cam bundle. It will start […]

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Rubio, Warner propose fighting China’s tech threats with new ‘Office of Critical Technologies & Security’

Two U.S. senators on Friday introduced legislation that aims to fight China’s technology threats by creating a new “Office of Critical Technologies & Security.” The new federal entity would coordinate efforts across government agencies, and it would develop an integrated strategy to protect against state-sponsored thefts and risks to supply chains, according to the two lawmakers — Sen. Marco Rubio, […]

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London markets push on ahead of return to Brexit

London markets rose on Friday, the last full trading day before the U.K. parliament reopens for a fresh round of battles over Brexit. Mining stocks and energy were performing well, but U.K. listed supermarkets have struggled. The FTSE 100 UKX, +1.37% jumped by 1% to 6,757.52, having finished down 0.6% on Thursday. The pound GBPUSD, +0.3166% rose to $1.2677 from $1.2634, late […]

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Apple’s average stock price target slashed to 9-month low

Apple Inc.’s AAPL, +0.11% revenue warning has prompted a host of Wall Street analysts to slash their stock price targets, bringing the average target down to the lowest level since April 2018. The smartphone maker’s stock tumbled 8.2% in premarket trade, putting it on track to open at the lowest level seen during regular-session hours since July 2017. Of the […]

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Apple reduces forecast for holiday sales, cites ‘economic deceleration’ in China

Apple Inc. AAPL, +0.11% revealed Wednesday that holiday sales came in even lower than the company’s forecast, which disappointed investors when it was provided last quarter. The tech giant said that it now expects fiscal first-quarter revenue of about $84 billion, after previously stating expectations for sales of $89 billion to $93 billion. In a letter to shareholders, Chief Executive […]

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