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Business, Financial & Legal Posts - Page 55

GitHub co-founder calls it quits after alleged discrimination claim

Today GitHub announced that its co-founder and president, Tom Preston-Werner has resigned his position with the company after accusations of discrimination proved to be untrue. In March, a former female enginner, Julie Ann Horvath, accused GitHub of gender discrimination, and claimed that the work environment was centered around a "boys club" that she could not seem to join. GitHub hired a third-party company to hold an independent investigation into the claim. No evidence of any discrimination was found.

 

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"The investigation found no evidence to support the claims against Tom and his wife of sexual or gender-based harassment or retaliation, or of a sexist or hostile work environment," GitHub CEO and co-founder Chris Wanstrath wrote in a blog post. "However, while there may have been no legal wrongdoing, the investigator did find evidence of mistakes and errors of judgment."

Nokia and Microsoft to finalize acquisition deal on April 25th, 2014

In just four days, one of the biggest names in mobile communication will cease to exist as we know it for ever. Today Nokia announced that it would be finalizing the acquisition deal with Microsoft on April 25th. This deal began back in September of 2013 when Microsoft announced that it had begun the acquisition of Nokia's Devices and Services division for $7.2 billion, and would take over Nokia's mobile phone business in 2014.

 

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"The completion of this acquisition follows several months of planning and will mark a key step on the journey towards integration. This acquisition will help Microsoft accelerate innovation and market adoption for Windows Phones. In addition, we look forward to introducing the next billion customers to Microsoft services via Nokia mobile phones," Microsoft said in a statement.

Continue reading 'Nokia and Microsoft to finalize acquisition deal on April 25th, 2014' (full post)

LinkedIn now has over 300 million members, mobile is important

LinkedIn continues to grow, where it has just announced a massive milestone: 300 million members. A more surprising nugget of news from the company is that most of this massive growth comes thanks to mobile.

 

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Mobile users are expected to represent 50% of all global traffic later this year, showing that mobile is unstoppable. LinkedIn took to its blog to show that members in regions like Costa Rica, Malaysia, Singapore, Sweden, United Arab Emirates and the United Kingdom already use the service more on their mobile devices, than they do on their desktops or notebooks.

 

Each and every day LinkedIn is seeing an average of 15 million profile views, 1.45 million job views, and 44,000 job applications throughout 200 countries on mobile alone. Out of the 300 million LinkedIn users, 100 million of those are based in the US. These figures represent registered users, and not monthly active users.

Continue reading 'LinkedIn now has over 300 million members, mobile is important' (full post)

Microsoft invests $1.1 billion in a new data center in Iowa

Iowa is quite the hot spot for data centers, with the state attracting Microsoft yet again to build its new data center in West Des Moines, a spot where the company already runs a data center.

 

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The investment is costing $1.1 billion, with the project being one of the largest in the history of the data center industry. The new facility will be spanned across 1.2 million square feet of space, on a massive 154-acre property. This data center has been a mystery for a while now, something that has been known as Project Alluvion.

 

On Friday, the Iowa Economic Development Authority Board approved a $20.3 million sales tax rebate to Microsoft on the project, something that will be made available until 2021. This is on top of the $18 million in incentives that the company has been promised by West Des Moines. Microsoft will be pumping around $8 million a year in property taxes back into the city, as well as creating 84 jobs when its fully built up. 66 of those jobs will have hourly wages of $24.32.

Mt. Gox supporters hope to revive the company, with creditor blessing

Supporters of Mt. Gox and the bitcoin currency hope to resurrect the defunct bitcoin exchange by wooing creditors to avoid liquidating current assets.

 

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Just days after Mt. Gox said it won't try to rebuild the company - and invites creditors to liquidate - Mt. Gox faces a rather uncertain future.

 

"We need your help to stop a liquidation, which would be good neither for Mt. Gox creditors nor bitcoin's reputation with the general public and regulators," according to supporters of the new movement.

Continue reading 'Mt. Gox supporters hope to revive the company, with creditor blessing' (full post)

Like a company on Facebook and forget about future legal action

Throughout the course of modern day history, companies have paid billions to lawyers to come up with elaborate plans to prevent consumers, workers, and other companies from having the right to file a lawsuit against them. Today we have learned that cereal maker, General Mills, has quietly slipped in a clause within its privacy policy that bars consumers from bringing forth litigation on the company if that individual uses a coupon offered by the company, enters a sweepstakes, or even "Likes" the company on social media.

 

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The new policy states: "Anyone who has received anything that could be construed as a benefit and who then has a dispute with the company over its products will have to use informal negotiation via email or go through arbitration to seek relief, according to the new terms posted on its site." This is also known as "forced arbitration."

 

General Mills is clearly trying to avoid costly lawsuits such as one last year over packaging of a product that resulted in $8.5 million in settlement fees. The new policy is forcing consumers to enter into arbitration which means that your lawyer and their lawyer will meet in a room somewhere, and hash out how much compensation, if any, will be given to you. With companies sneaking in clauses like this into their privacy policy and forcing US citizens to give up rights, it may be time to rethink who you give your money too.

HTC hires former Samsung marketing exec on three-month contract

It looks like HTC is desperate, with the Taiwanese smartphone manufacturer hiring Paul Golden, who was previously in a marketing position at Samsung. With HTC continuing to experience all sorts of obstacles in front of it being successful, this is an important bit of news.

 

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Golden has been hired by HTC on a three-month contract, where we're sure he'll come in and talk to the company about how to better market its smartphone against the likes of Samsung and Apple. HTC's just-released One M8 has been met with positive reactions from both the press and consumers, but I don't think it has been a big enough success for HTC against Samsung - which is set to ship a massive 35 million Galaxy S5's in Q2 2014 alone.

BlackBerry buys stake in healthcare IT firm, NantHealth

This week, BlackBerry's CEO Jon Chen, announced that his company had purchased a minority stake in a privately held healthcare IT firm called NantHealth. Chen said that he sees healthcare as one of the business sectors that BlackBerry can do very well in due to its enterprise security concerns.

 

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The financial terms of the deal were not disclosed, but we do know that the investment was small enough to be considered a minority investment, and BlackBerry is not as wealthy as it once was. I do see this entry into such a niche market as a good move for BlackBerry, and if the company continues to make smart investments it could pull itself out of the big hole it currently resides in.

Continue reading 'BlackBerry buys stake in healthcare IT firm, NantHealth' (full post)

Trinity portable wind turbine charges your USB gadgets

Wind turbines are being used around the world in different sizes to generate electricity used to power homes and business. A new smaller scale wind turbine project has hit Kickstarter that is called the Trinity.

 

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Trinity is a small 12-inch cylinder when folded down to make it portable. It is designed to generate power that can be used to charge up any USB gadget that you might have. Trinity is able to produce 15W of power and has its own internal 15000-mAh battery.

Continue reading 'Trinity portable wind turbine charges your USB gadgets' (full post)

Mt. Gox tosses out idea of rebuilding, will try to liquidate assets

The shuttered Mt. Gox bitcoin exchange has asked a Japanese court to grant liquidation of the company's assets, and will no longer seek bankruptcy protection. Following the catastrophic loss of bitcoin currency, the site quickly shuttered - with customers essentially left out in the cold.

 

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The company doesn't seemingly have a realistic approach to rehabilitating the company - and Mt. Gox creditors and investors spread across the world - it would simply be too difficult to arrange necessary meetings. There was initially hope an outside investor would buy the exchange, promising creditors a cut of future profits, but they will now settle for a slice of the liquidation.

 

Mt. Gox founder Mark Karpeles didn't want to visit the United States to explain his defunct company's actions which led to millions of dollars of bitcoin cryptocurrency lost.

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