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Business, Financial & Legal Posts - Page 292

LG Electronics CEO resigns

By: Array

Looks like life is not, in fact, good at LG.

 

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CEO Yong Nam has just stepped down as CEO of LG Electronics wanting to "take responsibility for the slack performance", which in my opinion isn't all his fault, it's the market we're in right now. Unless you're Apple, you just don't seem good enough.

 

He's not the only CEO of a large company to step down lately, HP and Nokia have had them step down in the recent months too. Yong was only CEO for a short 3 years and nine months also.

 

But, sometimes it takes something like this for a company to re-shape, re-design itself and get some of that "we can do it" attitude. It might be a sign of good things to come from LG.

 

Intel to purchase McAfee at $48 per share

By: Array

Intel and McAfee are two companies that most are familiar with. Intel is the largest maker of processors in the world and McAfee is one of the largest PC security companies around with antivirus software and more. Intel has announced that it plans to purchase McAfee at $48 per share in cash. The value of the deal is about $7.68 billion.

 

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The purchase will allow Intel to offer a combination of software and hardware that will be able to better protect customers when they go online. Intel claims that the purchase will also improve its mobile wireless strategy. Presumably, that means more security for mobile devices like MIDs and smartphones as Trojans and other attacks become more common on these devices.

 

Continue reading 'Intel to purchase McAfee at $48 per share' (full post)

Dell settles with SEC over alleged violations of federal security laws

By: Array

Dell has announced today that it has reached a settlement with the SEC over alleged disclosure and accounting practices that violated securities and SEC rules. Dell has settled with the SEC for $100 million.

 

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Dell had previously announced that it had set aside that $100 million amount for a settlement. The settlement comes with no admission of guilt by Dell.

 

Continue reading 'Dell settles with SEC over alleged violations of federal security laws' (full post)

RIAA spent $64M on pirate crusade to win $1.4M

By: Array

The war that RIAA waged on alleged pirates is something of legend. RIAA sued people willy nilly no matter if they were living, dead, or didn't own a computer. That wide-ranging legal campaign cost tons of money.

 

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RIAA's tax records show that the company spent $64 million between 2006 and 2008 on legal costs associated with suing people who allegedly pirated music. For all of that money spent, RIAA only won a tiny fraction of it back from those found guilty of pirating music.

 

Continue reading 'RIAA spent $64M on pirate crusade to win $1.4M' (full post)

Deal of the Day: Chase Sapphire Card with No Annual Fee, 10K Bonus Points, 24/7 DEDICATED Customer Service and More

By: Array

Our Deal of the Day today is the Chase - Chase Sapphire Card with No Annual Fee, 10K Bonus Points, 24/7 DEDICATED Customer Service and More!.

 

Offer: Receive 10,000 bonus points with your first purchase, earn 2 times the points for airfare bookings, 10 times the points for every dollar at select merchants, premium travel protection benefits, 24 hour 7 day a week LIVE dedicated customer service advisors, unlimited amount of points that can be earned and no annual fees! This is a card for those of you who have good credit rating but have had your current non-Chase credit card do strange things with your rewards or benefits.

 

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Check our TweakTown Daily Deals page for more tech bargains!

 

Cooler Master will trade you gold for your friends

By: Array

Cooler Master makes all sorts of nice computer hardware. The company has nice computer cases, power supplies, and CPU cooling among other things.

 

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Cooler Master is having a contest right now that lets you have a chance to win prizes for playing a Flash game or entering the serial number for one of its new Silent Pro Gold PSUs. Flash game players can win weekly prizes including gold medallions, a gold coin, a gold flash drive, and Cooler Master hardware.

 

Continue reading 'Cooler Master will trade you gold for your friends' (full post)

Foxconn turns worker dorms over to management company

By: Array

Foxconn has been the subject of intense scrutiny this year after ten workers killed themselves. The suicides were blamed on harsh working conditions and low pay.

 

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Foxconn raised worker salary to help improve moral and eliminated death benefits that amounted to about ten years salary for the average workers family. Some have criticized the living conditions in the dorms that Foxconn owns that house about 450,000 workers.

 

Continue reading 'Foxconn turns worker dorms over to management company' (full post)

Google wins in Viacom suit

By: Array

You might recall back in 2007 Viacom sued Google and YouTube for allegedly violating copyright. Viacom contended that YouTube knowingly allowed video that violated copyright to be uploaded to the internet using its tools.

 

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Reuters reports today that Google and YouTube have won the suit. The judge says that mere knowledge of possible copyright violations is not enough to hold YouTube accountable. Google has argued that it is protected under the Safe Harbor provision of the DMCA.

 

Continue reading 'Google wins in Viacom suit' (full post)

Google geeks get nap pods for sleepy time

By: Array

Back when I had a real job that I had to go to everyday they would get upset if I napped. Add to that the fact that coworkers would stare at you if you start drooling in your sleep things just weren't conductive to napping in the office.

 

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The people who work at Google have no fear of naps. Apparently, the search giant encourages it. A picture has turned up of folks at the Googleplex HQ in California napping in a high-tech pod.

 

Continue reading 'Google geeks get nap pods for sleepy time' (full post)

Foxconn leaving China?

By: Array

Foxconn has been in the news a lot lately after ten workers at one of its Chinese factories where Apple products are built have killed themselves this year. Some blame harsh working conditions at the plant for the suicides.

 

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Foxconn has given the workers pay raises and opened its typically closed plants up to outside regulators and journalists to prove that working conditions are good. A new rumor is floating around that claims Foxconn is ready to close its Chinese operations and move the plants to other countries.

 

Continue reading 'Foxconn leaving China?' (full post)

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