GM conducting layoffs in software and services division
See what’s clicking on FoxBusiness.com. General Motors is laying off employees in its software and services division. The layoffs will affect 600 workers in Warren, Michigan, where GM has its global technical center. GM did not disclose the total number of employees affected by the cuts. The layoffs affect 600 employees in Warren, Michigan, where […]
US expected to propose barring Chinese software in autonomous vehicles
WASHINGTON — The U.S. Commerce Department is expected to propose a ban on the use of Chinese software in self-driving and connected cars in the coming weeks, according to people familiar with the matter. The Biden administration is expected to issue proposed rules to ban Chinese software from being used in Level 3 or above […]
GM, Ford may see profit hit amid cooling EV demand, US dealer software problems
Ryan Payne, President of Payne Capital Management, appeared on “Mornings with Maria” to explain the latest data on the auto industry. General Motors Co and Ford Co could report lower profits in quarterly results this week as the industry’s big bet on electric vehicles fails to pay off and a cyberattack on a critical computer […]
CrowdStrike CEO apologizes for faulty software update that apparently caused global economic mayhem
The leader of one of the world’s largest cybersecurity companies has apologized after a faulty software update halted the airline industry and much of the online shopping around the world. Just before 6 a.m. Friday, George Kurtz, CEO of Texas-based cybersecurity giant CrowdStrike, Social media Microsoft acknowledges that “a flaw found in a single content […]
Steering Change in Modern Software Partnerships, Radixweb Navigates Tech Beyond Innovation
Radixweb, the leading software development service provider, is celebrating its ideology #beyondinnovation. COO, Dharmesh Acharya explains how the firm is driving a wider change for its clients with more than two decades of deep tech expertise, experience of pushing solutions to 25+ global markets in driving excellence for their clients’ businesses. The role of tech […]
Car dealership losses from CDK software outage could soon reach $1 billion, study finds
Direct losses for car dealerships affected in recent weeks by an outage at major software provider CDK Global could total $1 billion if the issue is not resolved soon, new data shows. Michigan-based Anderson Economic Group estimates that if the problems continue into the weekend, it will be the third week of shutdowns, and that […]
Car dealership losses from CDK software outage could reach $1 billion, study finds
Ryan Payne, President of Payne Capital Management, appeared on “Mornings with Maria” to explain the latest data on the auto industry. Direct losses for car dealerships affected in recent weeks by an outage at major software provider CDK Global could total $1 billion if the issue is not resolved soon, new data shows. Michigan-based Anderson […]
Fake software fixes fuel money-stealing malware threat
What is malware? Kurt “CyberGuy” Knutsson explains how to protect yourself from malware and ransomware. Online protection company Proofpoint has warned that new advanced malware masquerading as Google Chrome and Microsoft could steal money from Windows device owners. Several cybercriminal groups are using the malware, including some known for sending spam emails that infect computers. […]
Biden administration bans Kaspersky software over Russian ties
The Biden administration has issued an order banning the use of all software from Kaspersky Lab, citing its ties to Russia. The company’s software has been a concern for the U.S. government since at least 2017 due to suspicions that the Russian government has influenced it, which has full access to all of Kaspersky’s systems […]
Biden admin to ban sales of Kaspersky software over ties to Russia: report
The Biden administration is expected to announce plans on Thursday to ban Kaspersky Lab’s antivirus software from being sold in the United States, according to people familiar with the matter, as the company’s large U.S. clients include critical infrastructure providers and state and local governments. The company’s close ties to the Russian government were found […]