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Business, Financial & Legal Posts - Page 1

AT&T buys HBO, Warner Bros., and CNN for $80 billion

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: 1 hour, 16 mins ago

AT&T has struck a deal to acquire Time Warner, with the merger mounting towards over $80 billion. The news has been reported by the likes of The Wall Street Journal, Reuters and Bloomberg, and has the deal reportedly ballooning out to $85 billion, once it's all done and dusted.




If the deal is inked, AT&T will find itself owning HBO, Warner Bros. Entertainment, and CNN - these companies own some of the biggest entertainment and media companies under their respective umbrellas. HBO has the rights to shows like Game of Thrones, while Warner Bros. has Batman, Superman, the upcoming Wonder Woman and Justice League movies, and so much more. Now AT&T will own them, so could we expect some big changes in the way AT&T stream media to their wireless customers?


What I'd like to be right now: a fly on the wall of the likes of Netflix, and AT&T's competitors - as well as other media and entertainment companies. This $80 billion deal is mammoth, and it'll have big waves for the entire industry.

Continue reading 'AT&T buys HBO, Warner Bros., and CNN for $80 billion' (full post)

AMD revenues up 23% thanks to record SoC, GPU, APU sales

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: 2 days, 11 hours ago

AMD has posted their Q3 earnings, reporting revenues of $1.3 billion for the quarter, beating analysts expectations of $1.21 billion for the three-month period.




AMD is riding record semi-custom SoC designs that made it into Microsoft's new Xbox One S, as well as their upcoming Xbox Scorpio console, and Sony's new PS4 and PS4 Pro consoles. The company also reported higher GPU and mobile APU sales, but were partially offset by client desktop processor and chipset sales.


Lisa Su, AMD's president and CEO said in a statement: "Our third quarter financial results highlight the progress we are making across our business. We now expect to deliver higher 2016 annual revenue based on stronger demand for AMD semi-custom solutions and Polaris GPUs. This positions us well to accelerate our growth in 2017 as we introduce new high-performance computing and graphics products".

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Xiaomi sells a million phones in India in 18 days

By: Lana Jelic | More News: Business, Financial & Legal | Posted: 2 days, 16 hours ago

Xiaomi is the fourth biggest phone manufacturer in the world, and their phones regularly get positive consumer response.




Now, Xiaomi has announced that they sold one million phones in India, which is one of their most important markets, in only 18 days.


"When we entered India, there was extremely fierce competition. We have achieved such extraordinary growth in India firstly because of our vision to bring innovation to everyone with our high-quality products at incredible prices", said the company's CEO Lei Jun.

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Razer acquires cinematic audio company THX

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: 4 days, 12 hours ago

Audiophiles have been behind THX since the 70s, with the iconic launch of Star Wars being the debut of THX's audio technology in Star Wars Episode VI: Return of the Jedi back in 1983, the year THX was founded by George Lucas.




Razer has announced it has acquired THX, with company co-founder and CEO Min-Liang Tan saying: "Razer has a vision for innovation at every level of entertainment, a vision which THX has championed since its inception more than 30 years ago. This acquisition will allow us to reinforce Razer's leadership in gaming and extend the brand into broader areas of entertainment, while at the same time empowering THX to develop into a global powerhouse, independently".


It might not make sense why a gaming peripheral company would buy a cinematic audio company, but THX has been slowly expanding its certification to live entertainment and concert experiences, but THX also certifies audio electronics, non-Internet-connected speakers, TVs, projectors, automotive audio systems and foresees further adoption in immersive audio and HDR as used by headsets, AR and VR systems, reports Hexus.


THX Ltd CEO Ty Ahmad-Taylor said that the company will continue with its certification business, growing its THX Live! and THX Inside operations, while the Razer acquisition will provide THX with "a rock-solid foundation for executing on the three core areas of business". He added that both of the companies have a "shared vision for creating great products that solve customer problems".

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Remembering the man that helped build today's future

By: Lana Jelic | More News: Business, Financial & Legal | Posted: 1 week, 3 days ago

Five years ago, we lost two people who had an enormous impact on the IT industry. On October 5th, 2011 Steve Jobs, the man whose vision and determination are responsible for a revolution in the industry of personal computers, music, tablets, mobile phones, animated movies, had died.


Just a week later, on this day in 2011, the world lost a true legend, a man to who we owe everything we know about modern computing, a man who isn't as nearly as praised as he should be - Dennis Ritchie.




Ritchie was an American computer scientist who received the Turing Award in 1983 for his accomplishments. And there are quite a few things we owe to this great man.

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Apple's shares hit new high since last year

By: Lana Jelic | More News: Business, Financial & Legal | Posted: 1 week, 3 days ago

While Samsung is trying to forget the Note7 ever happened after the second global recall and the end of production of the device, Apple has reasons to celebrate. Not only did they lose their main competitor to their new iPhone 7, but their stock jumped by 2.3 percent, reaching highest point since last year's December. Part of this can be attributed to the fact that many analysts expect that Apple will gain some sales of their controversial new iPhone even though it was panned by many critics for not having a headphone jack.




Apple's stock was up $2.66 on Tuesday, while at the same time Samsung's dropped by 5%. Samsung is experiencing a major crisis after the decision to permanently end the production of the Galaxy Note7 was made.


On the other hand, Apple is doing pretty well. Although its shares hit a very low point in May, when rumors about "weak and boring" new iPhone started to float around, Apple's new iPhone is in high demand, and the rise of their stock value confirms it.

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The Note7 fiasco could cost Samsung up to $17 billion

By: Lana Jelic | More News: Business, Financial & Legal | Posted: 1 week, 4 days ago

While it was predicted that the first recall of the Note7 devices could cost Samsung up to a billion dollars, the predictions for the second withdrawal of this device from the market are much worse. Analysts say the amount could climb to as much as $17 billion dollars, according to Reuters.




In early September, Samsung announced a global recall of 2.5 million Note7 devices due to faulty batteries that cause the phone to ignite, and on Tuesday the crisis took even worse proportions.


Samsung has instructed users to return all the Note7 devices, including replacement ones, and global operators to stop selling the Note7.


On Tuesday evening, it has been confirmed that Samsung is permanently ending the production of the Galaxy Note7 devices.

Continue reading 'The Note7 fiasco could cost Samsung up to $17 billion' (full post)

Comcast pays $2.3m to FCC for customer mischarges

By: Sean Ridgeley | More News: Business, Financial & Legal | Posted: 1 week, 4 days ago

Cable and internet giant Comcast has agreed to pay $2.3 million to the Federal Communications Commission (FCC) to settle an investigation that accused it of mischarging customers for services and equipment they never requested.




The FCC began the investigation nearly two years ago after noticing a potentially consistent pattern of mischarges.


In addition to the fine, Comcast is required to implement a five-year compliance plan that will ensure it follows the law to the letter by training employees better, offering customers the ability to block changes to their account without consent, designing a program that deals with disputes efficiently, and more.

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This is how much biggest tech companies earn per second

By: Lana Jelic | More News: Business, Financial & Legal | Posted: Oct 8, 2016 1:31 am

Tech companies earn lots of money, that's no news. The value of these companies exceeds even the largest oil giants. Earlier this year, Apple announced their last quarter's profit - $18.4 billion, which is the highest amount for a public company ever.




To help us mortals understand these large amounts, Penny Stocks Lab made a great visualization showing how much companies like Apple, Alphabet, Amazon, Facebook and many others, earn per second.


Together all the listed companies earn around $2360 a second, or around $141.600 per minute. The largest piece of the cake, about 50%, goes to Apple.

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Verizon: broken copper line must be replaced by wireless

By: Sean Ridgeley | More News: Business, Financial & Legal | Posted: Oct 5, 2016 5:28 pm

A memo sent to Verizon employees in Pensnsylvania, USA late last month makes a new directive clear: barring extenuating circumstances, you must replace a customer's broken copper phone line with its VoiceLink wireless home phone service. Failure to do so "may result in disciplinary action up to and including dismissal", it reads.




The downsides of VoiceLink are that customers aren't able to add DSL internet afterward or use certain devices such as security alarms, pacemakers, and fax machines, among others (in the latter case, the company says this falls under extenuating circumstances, however).


Verizon claims it's pushing VoiceLink because it allows them to restore service quicker to customers.

Continue reading 'Verizon: broken copper line must be replaced by wireless' (full post)

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