According to The New York Times, International Business Machines Corp. (NYSE: IBM) has more workers in India than the United States. The old-world tech company has suffered from falling sales and a too modest attempt to get into the cloud computing industry.
Toyota Motor Corp. (NYSE: TM) will start an electronic car joint venture with Mazda. It is the latest in a long line of alliances meant to challenge the success of Tesla Inc. (NASDAQ: TSLA).
A consortium that includes Bain and Apple Inc. (NASDAQ: AAPL) signed a $17.7 billion deal to buy Toshiba’s chip operations.
Uber will kill is car leasing business, according to The Wall Street Journal. The unit was losing more money than management knew until recently.
Equifax Inc. (NYSE: EFX) will offer consumers a way to protect their credit data. According to Bloomberg:
Equifax Inc. will debut a new service that will permanently give consumers the ability to lock and unlock their credit for free.
The service will be introduced by Jan. 31, Chief Executive Officer Paulino do Rego Barros Jr. wrote in a Wall Street Journal op-ed Wednesday, a day after taking the helm. The company will also extend the sign-up period for TrustedID Premier, the free credit-monitoring service it’s offering all U.S. consumers, he said.
“The service we are developing will let consumers easily lock and unlock access to their Equifax credit files,” Barros wrote. “You will be able to do this at will. It will be reliable, safe and simple. Most significantly, the service will be offered free, for life.”
Apple said its face ID product, part of the new iPhone X, may have flaws. According to CNBC:
The U.S. technology giant released security guidelines on Wednesday about Face ID – the iPhone X feature that allows users to unlock the device just by looking at it. In the document, Apple said that the probability of a random person unlocking an iPhone X with Face ID is 1 in 1,000,000 versus 1 in 50,000 for its previous fingerprint sensor.
But it could have a problem with twins or under 13s.
“The statistical probability is different for twins and siblings that look like you and among children under the age of 13, because their distinct facial features may not have fully developed. If you’re concerned about this, we recommend using a passcode to authenticate,” Apple said in the guidelines.