Tech content trusted by users in North America and around the world
7,137 Reviews & Articles | 51,219 News Posts

TweakTown News

Refine News by Category:

Business, Financial & Legal Posts - Page 13

T-Mobile reducing streaming video quality, regardless of plan

By: Jeff Williams | More News: Business, Financial & Legal | Posted: Dec 23, 2015 10:26 pm

Anonymous source and The Internet Association have both revealed that T-Mobile's Binge On program actually throttles data and reduces quality in order to serve up content.

 

mobile-reducing-streaming-video-quality-regardless-plan_7951

 

T-Mobile shocked the world when the released their Binge On program, that allowed users to stream video and audio from various online services without having it count against your monthly data-caps. On the surface it seemed like a splendid deal, but there's always a catch.

 

That catch is that your content is served to you in lower quality, without you knowing and without giving you a choice. The Internet Association has been keen to point out the poor and sneaky business practices by T-Mobile, noting that providing Binge On is a boon to many customers, though even if it does happen to be throttled, proper notice or even a choice whether it should count against your data at the cost of high quality content, should be mandatory. The FCC is currently investigating the matter.

Continue reading 'T-Mobile reducing streaming video quality, regardless of plan' (full post)

AMD stock rises 21 percent in five days, 68 percent in three months

By: Sean Ridgeley | More News: Business, Financial & Legal | Posted: Dec 23, 2015 7:32 pm

AMD has seen a staggering 90.65% stock price drop over the last decade, but things are looking up in recent times. In the past 24 hours, following the news Samsung is said to be partnering with AMD to help produce its upcoming Greenland GPU and Zen CPU chips, stock has risen 3.25% as of press time, and 21.19% over the past five days. Looking at the bigger picture, it's seen a 28.83% hike over the past month, and a 68.24% hike over the past three months.

 

amd-stock-rises-20-percent-five-days-67-three-months_1

 

Looking at the news in those time periods, we can see things were going mostly wrong for AMD up until about a week into October with layoffs, failed investment deals, the departure of Jim Keller, reduced spending, market share drops, and more.

Continue reading 'AMD stock rises 21 percent in five days, 68 percent in three months' (full post)

Microsoft set to up Surface Hub price and delay shipment

By: Chris Smith | More News: Business, Financial & Legal | Posted: Dec 23, 2015 4:07 pm

Not only has Microsoft pushed back the Surface Hub release from 1 January 2016 to sometime in the first quarter of 2016, it has also jacked up the price by $2,000 on each model.

 

microsoft-set-up-surface-hub-price-delay-shipment_065

 

ZDNet reported that the original pricing for Microsoft's 55-inch Surface Hub was set for $6,999, packed with an Intel Core-i5 processor, compared with the 84-inch model and Intel Core i7 which was set to cost $19,999. This August-announced pricing has now changed, seeing Microsoft now announce a pricing of $8,999 and $21,999 respectively for these two models.

 

Those who have already pre-ordered Surface Hubs are protected though, with officials stating that the original pricing will be kept for those thinking ahead. Touching on the pricing increase, a Microsoft spokesperson said that "After evaluating the market opportunity and considering the unique collaboration scenarios Surface Hub offers, we believe these are the right prices to drive the business and the category forward." Another reason for this price hike is apparently due to Microsoft "finalizing our manufacturing plan with a view towards delivering the best product experience."

Adam Sandler works with Netflix because it 'rhymes with Wet Chicks'

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Dec 23, 2015 11:44 am

With the debut of Adam Sandler's first show on Netflix, 'Ridiculous 6', the comedian is back in the headlines in a very big way. Something we seemed to have missed when the deal went through between Sandler and Netflix, is the reason why he signed with the content streaming giant.

 

adam-sandler-works-netflix-rhymes-wet-chicks_01

 

Back in October 2014, Sandler said that when Netflix called him up with the deal, he "immediately said yes for one reason and one reason only. Netflix rhymes with Wet Chicks". Interesting reason, Mr. Sandler. The full statement from Sandler was "When these fine people came to me with an offer to make four movies for them, I immediately said yes for one reason and one reason only. Netflix rhymes with Wet Chicks. Let the streaming begin!!!!"

 

Netflix Chief Content Officer, Ted Sarandos, said "People love Adam's films on Netflix and often watch them again and again. His appeal spans across viewers of all ages - everybody has a favorite movie, everyone has a favourite line - not just in the US but all over the world. Sandler also reportedly makes $80 million per movie in Hollywood, and Netflix has pockets deep enough to keep handing over servers full of money to the creator of huge hits like Billy Madison and Happy Gilmore.

Toshiba sheds 6800 staff due to accounting scandal

By: Chris Smith | More News: Business, Financial & Legal | Posted: Dec 22, 2015 2:32 pm

While we reported that Toshiba are looking at a hefty $60m fine thanks to some 'creative' accounting mishaps, the aftermath of this massive blowout has resulted in 6800 staff being let go.

 

toshiba-sheds-6800-staff-due-accounting-scandal_052

 

The cuts are happening within the consumer electronics division only and are set to be part of a Toshiba HQ reconstruction. In addition to this, reports claim that Toshiba is also looking to offload its television and washing machine manufacturing facilities in Indonesia, while this tech giant is also looking at investors to assist with healthcare ventures.

 

With Sony purchasing Toshiba's sensory fab for $155m and board resignations happening due to this accounting scandal, there's no saying what the next step will be.

Valve is being sued, lawsuit demands the right to resell Steam games

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Dec 22, 2015 7:44 am

Well, Valve is being sued by French consumer group UFC-Que Choisir, with the consumer group demanding the ability to resell Steam games.

 

valve-being-sued-lawsuit-demands-right-resell-steam-games_03

 

The group claims that Valve's policy violates the European Union's right to resell legally purchased software, and as proof, the UFC-Que Choisir said that a 2012 Oracle case saw a judge ruling that there was no difference between reselling disc-based copies of software, and their downloaded equivalents.

 

The French consumer group also doesn't agree with Valve's self-given right to reuse user-made Steam content, arguing that the company should refund any leftover credit if you close your Steam account.

CEO that raised prices on AIDS medicine has been fired from his job

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Dec 22, 2015 6:41 am

The CEO of KaloBios Pharmaceuticals has been fired after he increased the price of AIDS medicine from $13.50 per pill to $750 per pill. Most recently, Martin Shkreli had been arrested with fraud charges.

 

ceo-raised-prices-aids-medicine-fired-job_02

 

Shkreli has been "terminated" from his position, and he has resigned from the board. The 32-year-old former hedge fund manager pleaded not guilty in Brooklyn federal court and was released on $5 million bail. Shkreli has been charged with securities fraud and conspiracy.

 

Prosecutors have said that from 2009 to 2014, Shkreli lost some hedge fund investors' money through bad trading. In order to pay back his angered clients, Shkreli took $11 million from another pharmaceutical company, Retrophin, where he was the CEO. US Attorney Robert Capers said on Thursday: "As alleged in the indictment, Shkreli essentially ran his companies like a Ponzi scheme, where he used each subsequent company to pay off the defrauded investors in the prior company".

Amazon looks at leasing 20 Boeing 767s for air cargo duties

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Dec 19, 2015 9:31 am

Amazon's reach is about to get a whole lot bigger, with the company reportedly in talks with Boeing over leasing a fleet of 767s for Amazon's air cargo duties, according to The Seattle Times.

 

amazon-looks-leasing-20-boeing-767s-air-cargo-duties_10

 

The company wants to not go through the troubles UPS and other carriers did, with Amazon already using trailers on the road to get its goods to their distribution centers. Amazon is reportedly looking at leasing 20 Boeing 767s, and if it does get its hands-on the planes, Amazon will have a better handle on delivery times. Not only that, but Amazon could eventually not need the cargo services from companies like UPS, FedEx, and the USPS. The Seattle Times also notes that Amazon could open up extra space on its jets to other companies, providing a nice income stream, which would have it competing directly against UPS, FedEx, and others.

With a long break between episodes, take a look back at Star Wars fans

By: Chris Smith | More News: Business, Financial & Legal | Posted: Dec 18, 2015 3:29 pm

While The Mercury explains that it has been 3865 says since the last Star Wars cinema showing, we're here to give you a look into some Star Wars fan history, via Gizmodo.

 

long-break-between-episodes-take-look-back-star-wars-fans_014

 

The images in this article showcase Star Wars fans throughout different eras, including sequels and prequels alike, giving us a look at some favorite characters, cosplayers, and hairstyles of the ages. While the internet is a fairly new invention in terms of the history of mankind, some of these poor souls were lining up for days or weeks in order to get tickets for their Star Wars fix.

Continue reading 'With a long break between episodes, take a look back at Star Wars fans' (full post)

2K Games hires former PlayStation UK marketing boss

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Dec 18, 2015 10:31 am

After 10 years with 2K International, Neil Ralley has stepped down from his position as General Manager. Replacing Ralley is Murray Pannell, who up until now served as PlayStation UK's Marketing Director, and previously he served Senior Marketing roles with Ubisoft, Xbox and EA.

 

2k-games-hires-former-playstation-uk-marketing-boss_12

 

2K President Christoph Hartmann said in a statement: "During his tenure, Neil helped grow our market share and distribution across Europe and beyond, led our international teams in reaching our 10-year milestone as a label, and helped us achieve our recent historic financial results. We are very grateful for his role in the successful launches of our many franchises and the overall growth of our label. Neil has graciously offered to stay on through the end of our fiscal year on March 31st, and to assist with the onboarding of our new VP of Publishing, Murray Pannell.

 

He continued: "Murray joined on December 17th and comes to us from Sony PlayStation, where he served as marketing director for UK and Ireland. Murray is a proven leader with a wealth of experience at major publishers like Ubisoft and EA, as well as further first party experience at Microsoft Xbox. We are sad to see Neil go, but we are pleased to formally welcome Murray into our management team in time for what we believe will be another stellar year for 2K in 2016".

 

2K has a big year ahead of them in 2016, with XCOM 2 dropping in February, and let's not forget Battleborn in May.

Subscribe to our Newsletter

Latest News Posts

View More News Posts
View Our Latest Videos

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases
loading