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Business, Financial & Legal Posts - Page 13

Apple's shares hit new high since last year

By: Lana Jelic | More News: Business, Financial & Legal | Posted: Oct 12, 2016 1:23 pm

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: Oct 11, 2016 10:23 pm

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.

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Comcast pays $2.3m to FCC for customer mischarges

By: Sean Ridgeley | More News: Business, Financial & Legal | Posted: Oct 11, 2016 7:24 pm

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.

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How Apple changed in the five years since Jobs' death

By: Lana Jelic | More News: Business, Financial & Legal | Posted: Oct 5, 2016 4:20 pm

Many thought that the death of Steve Jobs five years ago would mark the end of Apple as we knew it. The man who has defined Apple has left an indelible mark on the company and the technology world.




Today Apple has great financial results, their products are still in high demand, but there is also a sense that something is missing...


They were revolutionaries


Under Jobs' leadership, Apple was a revolutionary company that changed the world. Macintosh was the first commercially successful computer with a graphical user interface and mouse, and Apple II was also a great success.

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The man who changed the world: 5 years sans Steve Jobs

By: Lana Jelic | More News: Business, Financial & Legal | Posted: Oct 5, 2016 7:28 am

It has been five years since the world lost one of the most recognizable faces in the world of technology - Steve Jobs. Known as the founder of Apple, Jobs was one of the most influential people in the world of computer and mobile technology. The iPhone isn't just one of the most popular mobile phones, it's also one of the most popular devices of all time.




Together with Steve Wozniak, Jobs made the first home computer - Apple, the same name the duo called its company that became one of the most recognizable brands worldwide. Jobs' charisma and persistence had a lot to do with it.


Jobs began his career as a teenager. He worked at HP and designed video games for Atari. Then he met Wozniak, with whom he made the Apple I. A year later the duo made the Apple II computer that started the revolution in the personal computer industry.

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Spotify in 'advanced talks' to buy SoundCloud

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Sep 30, 2016 2:53 am

Spotify could swell in size significantly if the reports of the company looking to acquire SoundCloud, with rumors that Spotify is in "advanced talks" to buy the company.




If the acquisition of SoundCloud goes ahead, Spotify would need to throw a pretty hefty amount across the table, but the deal makes sense from a business perspective. Spotify has been expanding constantly, from just albums to wider ranges of catalogs of DJ sets, demos, and other rough tracks, reports Engadget.


Spotify acquiring SoundCloud would give it a considerable edge against competitors Google, Tidal, and Apple Music that are always trying to get you into their services with artist exclusives (which sucks, by the way). Spotify's new acquisition of SoundCloud would allow for a future where you would listen to in-development songs, and then scope out the artist's commercially available music right away.

The Walking Dead co-creator suing AMC for $280 million

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Sep 28, 2016 8:15 am

The Walking Dead is one of the biggest shows on TV, so it should come as no surprise that co-creator Frank Darabont is now suing AMC for $280 million, after he was fired from the network in the middle of The Walking Dead's second season.




Darabont alleges that AMC denied him profits from The Walking Dead "by producing the series and then licensing it to its cable network affiliate for not enough money". AMC says the lawsuit is without merit, adding: "Plaintiffs' damages claim has no basis in reality and we will continue to vigorously defend against this lawsuit".


THR reports: "Considering that Darabont was contractually entitled to as much as 10 percent of certain Walking Dead profits after deductions, the damages figure suggests the series has made billions. The lawsuit asserts, however, that a low license fee formula has been designed to ensure that the show would never be in the black for profit participants".

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Philadelphia 76ers acquire eSports teams Dignitas, Apex

By: Sean Ridgeley | More News: Business, Financial & Legal | Posted: Sep 26, 2016 8:28 pm

The pro basketball organization known as the Philadelphia 76ers has acquired and merged eSports teams Dignitas and Apex, and will manage the new entity as Team Dignitas on a day-to-day basis going forward. The organization says it will provide to the team sponsorship, sales, branding, digital marketing, merchandising, player recruitment, and publicity services, as well as development and wellness practices.




The acquisition makes the 76ers the first North American pro sports team to acquire an eSports team, although it isn't the only association between the two worlds: to name one example, pro/former pro athletes Shaquille O'Neal, Alex Rodriquez (aka A-Rod), and Jimmy Rollins have a stake in Team NRG.


Dignitas and Apex are known for League of Legends, Counter Strike: GO, Overwatch, Heroes of the Storm, and Smite.