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Business, Financial & Legal Posts - Page 16

Sony buys up Toshiba's image sensor fab for $155 million

By: Derek Strickland | More News: Business, Financial & Legal | Posted: Dec 4, 2015 11:31 am

Amid recent financial woes and scandals, Japanese electronics company Toshiba today announced that it has sold its image sensor business to Sony for 19 billion yen ($155 million).





Starting in April 2016, Sony will take over Toshiba's semiconductor fabrication facility in Oita, Japan, which can ship up to 12,500 300mm wafers a month. Along with the Oita facility, Sony will take in all equipment and 1,100 employees who will now operate under Sony's own Semiconductor Corporation. The facility will focus "primarily for manufacturing CMOS image sensors."


This move sees Toshiba effectively pull out of the image sensor market. Negotiations for the takeover started back in October, and Nikkei notes that Toshiba turned right to Sony due to past business.

Continue reading 'Sony buys up Toshiba's image sensor fab for $155 million' (full post)

AMD joins American Business Act on Climate Pledge

By: Sean Ridgeley | More News: Business, Financial & Legal | Posted: Dec 2, 2015 6:31 pm

AMD, in conjunction with "US corporate climate leaders and the White House Office of Public Engagement" and alongside other businesses, has joined the American Business Act on Climate Pledge. The point of the pledge is to indicate support for a "positive, action-oriented outcome" at the United Nations Climate Summit negotiations in Paris, which run from this week through to next. More, it's now AMD's responsibility to bring "forward-looking corporate goals" on how to better protect the climate to the table.




It's no stranger to these: it achieved its goals for 2009-2014, reducing greenhouse gas emissions (GGEs) from non-manufacturing sites by 24 percent, reducing global energy use by 31 percent, and reducing transportation emissions by 32 percent.

Continue reading 'AMD joins American Business Act on Climate Pledge' (full post)

4K TV show torrenting is now a reality

By: Chris Smith | More News: Business, Financial & Legal | Posted: Nov 30, 2015 10:37 am

With there has been a massive rise in UHD monitors and televisions recently, avid watchers of TV programs have mostly been left high and dry. Firstly there's the issue of your video card being unable to play games smoothly at 4K due to the massive amount of processing power that it requires, then comes the issue that the latest pirated seasons of Orange is the New Black only allow you to watch it in normal HD resolution.




In the last few days all of this has changed, with Gizmodo reporting that people have now gained access to 4K TV shows available on Amazon and Netflix, publishing them for free online. While 60 minute shows are currently being listed at between 10GB and 15GB each, those with slow internet are still going to be behind on the times.


These videos have been made available thanks to a HDCP audiovisual security hole, allowing pirates to illegally download these shows through a loophole on Amazon and Netflix, re-uploading and publishing them for all who wish to watch.

4Chan fights terrorism with humor, photoshopping rubber ducks on ISIS

By: Chris Smith | More News: Business, Financial & Legal | Posted: Nov 30, 2015 8:35 am

Ever wondered that ISIS would look like as cute, floating, toy animals? Well 4Chan did, so they made it a reality. Brandishing the tagline "Allah Quackbar," members of this online image board have decided to make light and humorous out of something so tragic.




We're not just talking dodgy face photoshops either, there are full flag changes, cute duck tails and even altered news articles. One of the best news stories reads "I noticed something was wrong with he started quacking and became yellow," expanding that "her little boy became a RUBBER DUCKY."


This effort by 4Chan seemingly aligns with the hacker collective Anonymous and its pledge to take on ISIS, however, this yellow and squishy effort is much cuter.

Continue reading '4Chan fights terrorism with humor, photoshopping rubber ducks on ISIS' (full post)

Online store, Yatango, closes shop and leaves buyers hanging

By: Chris Smith | More News: Business, Financial & Legal | Posted: Nov 30, 2015 6:33 am

Yatango Shopping and Mobicity reportedly went completely silent last week, with both websites loading a stark white webpage for anyone who tried to browse. This has not only upset regular buyers, but there are many customers now worried about the delivery of their items, paying forward for phones, tablets and cameras alike.




It's not just recent orders either, with a article explaining that some buyers are waiting for orders going back four months, seeing angry customers take to social media in order to voice concerns.


Some customers had cancelled orders before the website closure, however have not received back their money to date. The disappearance of this website marks further fear that people will never see their money or items, with buyers urged to call their banks and cancel orders that way.

Australia implementing digital drivers licences before 2019

By: Chris Smith | More News: Business, Financial & Legal | Posted: Nov 30, 2015 3:29 am

We reported back in May that the Australian state of New South Wales was considering the implementation of digital drivers licenses for its citizens, with a Gizmodo report now confirming that we should see them "by the end of 2018."




A press release issued by the Minister for Finance, Services and Property, Dominic Perrottet, stated that "our citizens are mobile and digital and that's where the government should be too," explaining that responsible service of alcohol, recreational fishing and gambling competency cards will be the first of their kind to turn digital.


As this state "currently issues more than 23 million licences each year, covering 769 different licence types," Perrottet says that "five common license types" will be available around the beginning of 2017, with digital drivers licenses expected to hit the public just before 2019 rolls around.

Man gets shot, instead of calling the cops, he grabs an Uber home

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Nov 29, 2015 8:25 am

I've caught a number of Uber rides over the last few years, but it's normally for convenience - but this guy had another idea. A man from Grand Rapids, Michigan called an Uber after he was shot, telling the driver to take him home.




Uber driver David Heinicke said he told the 20-year-old gunshot victim that he needed to go to a hospital, but he refused. Heinicke said: "(I) tried to get him to go to the hospital, he would not do it, refused to do it. Looked like a handkerchief or something tied around his leg, trying to stop the bleeding. You could see right into his leg and the big crease down his pants where something had obviously hit him in the leg, and he later told me he had been shot by a .22 pistol".


Even after Heinicke said to his passenger that he needed to go to the hospital, all the Uber passenger wanted to do was go home. Heinicke added: "(He) said if I didn't take him here, he was going to get out and walk the rest of the way, so I brought him here. Then I called the police, and that's why you're here".


The shooting victim ended up making it to the hospital, with the police saying that his injuries were not life-threatening. There's no suspect in custody right now.

Cards Against Humanity sold nothing over Black Friday, still made $54k

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Nov 29, 2015 2:04 am

Cards Against Humanity used a black screen and a form to accept credit card payments over Black Friday, and guess what? Even by selling nothing and asking for you to give them $5, they made a huge $54,000 over Black Friday.




Most people would have to know it's a joke, but for some $5 is something you can throw to some company that you already love - like Cards Against Humanity. The FAQ on the website is pretty awesome, where it says:


About This Amazing Offer


If I give you $5, will I actually get anything in exchange?

We're so glad you asked! No.


Why are you selling nothing?

On Black Friday, everybody is selling something. We're the only company to offer the superior Black Friday experience of buying nothing.

Continue reading 'Cards Against Humanity sold nothing over Black Friday, still made $54k' (full post)

ESPN subscribers diminish at an alarming rate, streaming is to blame

By: Chris Smith | More News: Business, Financial & Legal | Posted: Nov 27, 2015 1:31 pm

With online streaming becoming more mainstream, ESPN is starting to really feel the heat. ESPN parent company, Disney, said in an earnings conference that subscribers are currently dropping, softening the blow by naming it as "some modest losses."




What exactly does modest mean? According to regulatory files that were made public this week, ESPN now holds 92 million subscribers. While 92 million is still much larger than many other platforms and completely blows things like World of Warcraft out of the water, it becomes alarming when when this number is compared to previous statistics.


With 92 million subscribers in 2015, ESPN posted 95 million in 2014 and an even greater 99 million in 2013. This 7 million drop in subscribers over two years marks just the beginning of what Disney CEO, Bob Iger, says will be an indication of the future.

India's Cochin International airport runs 100% on solar power

By: Chris Smith | More News: Business, Financial & Legal | Posted: Nov 26, 2015 9:38 pm

Beginning its 'off the grid' lifestyle in August 2015, the Cochin International airport in Southern India has become the first of its kind to operate solely on solar power. With a 1300-acre coverage itself, the airport is held up by 46,000 solar panels that produces power suitable for 10,000 homes, or the seventh largest airport in the world alone.




This solar pledge took over six months to construct and $9.5 million in funding, with other airports in the country now interested in following suit. While is is currently fully operational, the business is now looking to expand, set to cause issues for the current power supply as upgrades will be needed. The current supply is already overloaded, meaning that this airport may need to jump back on the grid or create a second solar farm of its own.


The BBC says that the move to solar power was due to multiple expensive power bills, with Cochin International management believing that the solar route will save them money in the long run.