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Business, Financial & Legal Posts - Page 13

Crew member on the new Resident Evil movie dies, crushed by Hummer

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Dec 24, 2015 2:14 pm

During the filming of the latest, and last Resident Evil movie, a crew member has died in a horrific on-set accident.

 

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South African website IOL reports that 34-year-old Ricardo Cornelius was severely injured during the filming of Resident Evil: The Final Chapter, when a US Army issue Hummer fell on top of him on the film's set in Cape Town. Cornelius died in hospital on December 3.

 

Reports state that the Hummer was standing on a small platform, which then tilted when it was being manually rotated. The vehicle fell, landing on Cornelius. But it gets worse. He was rushed to the hospital and placed on life support, with his wife telling IOL "At the hospital, doctors said they had to take him into theatre as soon as he arrived".

Continue reading 'Crew member on the new Resident Evil movie dies, crushed by Hummer' (full post)

NVIDIA infringed on three Samsung patents, could face sales ban

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Dec 24, 2015 12:23 pm

Back in September 2014, NVIDIA filed patent infringements against both Samsung and Qualcomm - and then a couple of months later in December 2014, the US International Trade Commission (ITC) said it would be investigating the lawsuit between Samsung and NVIDIA.

 

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Well, a United States ITC judge has ruled that NVIDIA has infringed on three of Samsung's patents, and while this isn't a final design from the judge, NVIDIA will be counting down the days until the full ITC reviews the case a few months from now. One of the main patents expires in 2016, so any ban on products using that patent would only last a few months.

 

NVIDIA has repleid saying that it is "disappointed" in the ITC's verdict, rejecting the claim that Samsung was pulling old, irrelevant patents out of the closet. Samsung hasn't yet commented, but it insists that its patents are vital to making SoC products.

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.

 

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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.

 

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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.

 

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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.

 

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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.

 

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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.

 

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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.

 

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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.

 

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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.

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