As the year is winding down, it’s a time when many investors scout for the next big investment opportunities that can fetch them market-beating returns. An analyst at JPMorgan delved into the potential effect of a rising interest rate environment and inflation on the software sector, and named three software picks for 2022 that are poised…
Quebec Restores Some Government Websites Taken Down Due to Software Vulnerability
MONTREAL—Some Quebec government websites taken down Sunday due to a massive software vulnerability are back online. The websites of power utility Hydro-Quebec and the Health Department were restored today, while the education ministry and some university services remain unavailable. The Universite du Quebec a Chicoutimi reported the temporary shutdown of its websites, leaving thousands of…
Massive Software Flaw With Global Reach Forces Quebec to Shut Government Websites
MONTREAL—Almost 4,000 Quebec government websites were shut down over the weekend as a preventative measure following threats of a cyberattack, the province’s minister of digital transformation said Sunday. Eric Caire made the announcement at an afternoon press conference in Quebec City, during which he said all official government websites would be taken offline until further…
‘The Internet’s on Fire’ as Techs Race to Fix Software Flaw
BOSTON—A critical vulnerability in a widely used software tool—one quickly exploited in the online game Minecraft—is rapidly emerging as a major threat to organizations around the world. “The internet’s on fire right now,” said Adam Meyers, senior vice president of intelligence at the cybersecurity firm Crowdstrike. “People are scrambling to patch,” he said, “and all…
US Regulator Reviewing Tesla Owner Complaint on Self-Driving Test Software
November 13, 2021
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WASHINGTON—The U.S. National Highway Traffic Safety Administration (NHTSA) said it is looking into a consumer report that a Tesla Model Y was involved in an accident while using the company’s Full Self-Driving (FSD) Beta software. The owner of a 2021 Tesla Model Y reported to the auto safety agency that on Nov. 3 in Brea,…
Why Is New Relic Stock Jumping on Tuesday Premarket?
JPMorgan analyst Sterling Auty upgraded New Relic Inc to Overweight from Underweight with a $150 price target, implying a 64.9 percent upside. The software analytics solution provider reported second-quarter FY22 revenue growth of 18 percent year-on-year to $196 million, beating the consensus of $182.2 million. Non-GAAP EPS loss of $(0.10) beat the consensus loss of…
Tesla Recalling Nearly 12,000 US Vehicles Over Software Communication Error
November 2, 2021
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WASHINGTON—Tesla Inc. is recalling nearly 12,000 U.S. vehicles sold since 2017 because a communication error may cause a false forward-collision warning or unexpected activation of the automatic emergency braking system, the National Highway Traffic Safety Administration said Tuesday. The California automaker said the recall of 11,704 Model S, X, 3 and Y vehicles was prompted…
Emerson to Merge Software Units With AspenTech in $11 Billion Deal
Industrial-automation systems maker Emerson Electric Co. said on Monday it would merge its software units with smaller rival Aspen Technology in a deal for about $11 billion. The cash-and-stock deal is for about $160 per AspenTech share, the company said.
GM Aims to Profit From Software as It Broadens Its Electric Vehicle Lineup
DETROIT—General Motors Co plans to position itself as a technology platform company that is as focused on software as it is on making electric vehicles (EVs) when it meets with investors next week, including revealing a scheduled rollout for at least 20 EVs in the United States over the next several years. The No. 1…
Refinitiv Agrees to Pay a Civil Penalty of $650,000 for Failing to Report Certain Swap Data: CFTC
September 28, 2021
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WASHINGTON—The Commodity Futures Trading Commission (CFTC) on Monday said it has filed and settled charges against Refinitiv US SEF LLC., in the agency’s first-ever enforcement action against a swap execution facility over reporting violations. Refinitiv, which provides financial data and software to traders, banks and investors, has agreed to pay a civil penalty of $650,000…
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