Tech content trusted by users in North America and around the world
6,677 Reviews & Articles | 45,624 News Posts

TweakTown News

Refine News by Category:

Business, Financial & Legal Posts - Page 3

HTC forces Fantastic Four push notification ads onto its smartphones

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Aug 4, 2015 5:32 am

HTC is in hot water over its Sense Home application on some of its smartphones, with the Taiwanese giant using the push notifications to throw ads for the new Fantastic Four movie onto some users' devices.

 

htc-forces-fantastic-four-push-notification-ads-onto-smartphones_06

 

A thread on Reddit has 'impersonaljesus' reporting that even though they were using a custom launcher, "this ad was pushed to my phone". You can disable notifications from the Sense Home app by going into the app settings and disabling the ability of push notifications, but you shouldn't need to be putting up with forced advertisement from HTC like this, no matter what setting is enabled or disabled.

Google pitches in $1m AU to help disadvantaged Aussies learn about IT

By: Chris Smith | More News: Business, Financial & Legal | Posted: Aug 3, 2015 1:35 pm

With $1m AU set to be spread between three programs to assist disadvantaged and marginalized Aussies in gaining access to ICT services, the aim here is to promote these students to begin their own careers in IT.

 

google-pitches-1m-au-help-disadvantaged-aussies-learn-pcs_02

 

Sent to not-for-profit organizations, this donation will ensure hands-on training can be supplied to approximately 10,000 students in total. One of the organizations involved and highlighted is Engineers Without Borders Australia and its 'Regioneering Roadshow' program, set to train regionally-located school age students, focusing on promotion of women in IT.

 

The Engineers Without Borders Australia director, Jane Hadjion, told iTnews about the wide variety of children that will benefit from this service, stating: "We're putting on 65 workshops in 38 locations over 12 months. We're reaching 6500 students, 470 teachers and 1400 parents."

Continue reading 'Google pitches in $1m AU to help disadvantaged Aussies learn about IT' (full post)

Seagate reports small drop in earnings amid anti-SSD claims

By: Chris Smith | More News: Business, Financial & Legal | Posted: Aug 3, 2015 12:29 pm

Recently Steve Luczo, CEO of Seagate, told investors in a conference call that "There is no one that is using SSDs for storage," during talks about his companies fiscal third quarter earnings results.

 

seagate-reports-small-drop-earnings-amid-anti-ssd-claims_01

 

This statement followed reports of Seagate earning a fiscal third quarter revenue of $3.3 billion at a gross margin of 28.7%, while posting a $3.4 billion profit at 28.2% margin over the same period in 2014. As mentioned in the title, the drop is certainly small and provides nothing for this HDD producing company to worry about just yet. But it makes you think, will Luczo's and his companies stance change if or when SSDs become more utilized by all consumers?

 

Luczo is happy with these results, stating in a recent press release that "In light of dynamic market conditions this quarter we are quite satisfied with our operational performance and ability to return value to shareholders," continuing "Near-term macro uncertainty is affecting certain areas of our addressable market however we remain optimistic that market demand for exabytes of storage will continue to increase over the long-term."

EA receives 77% of its revenue from online services and DLC

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Aug 3, 2015 10:13 am

EA has posted its latest revenue numbers, where the company is seeing a huge 77% of its revenue in Q1 2015 arriving from online video game services and add-ons, some of which is thanks to DLC.

 

ea-receives-77-revenue-online-services-dlc_02

 

Now that EA is making big business from digital distribution, the company can invest the money it used to put into manufacturing and shipping physical retail copies of games into other things. With its Q1 2015 revenue hitting $693 million, 77% of that is a massive chunk of money courtesy of digital goods. EA also noted a 32% rise in profits over the previous year, securing itself $442 million.

 

EA has some big games in its wings waiting for release, with Star Wars Battlefront to be released in November, with analysts expecting over 10 million sales.

CEO of failed MtGox bitcoin exchange arrested in Japan

By: Michael Hatamoto | More News: Business, Financial & Legal | Posted: Aug 3, 2015 9:45 am

Japanese police arrested Mark Karpeles, the former CEO of the defunct MtGox bitcoin currency exchange, after the company infamously lost hundreds of millions of dollars of bitcoins more than one year ago.

 

ceo-failed-mtgox-bitcoin-exchange-arrested-japan_01

 

The company filed for bankruptcy protection in February 2014, with 100,000 of its own bitcoins - and more than 750,000 customer bitcoins - mysteriously disappearing in a high-profile theft. Company officials eventually blamed a software security flaw. Those bitcoin totals were the equivalent of $27 million of company funds and $480 million of customer currency.

 

Around one month after its bankruptcy claim, MtGox reportedly found 200,000 missing bitcoins - about $116 million - located in a digital wallet from 2011. Japanese officials believe Karpeles knew about the missing bitcoins, and depositors weren't notified when the money was transferred again.

Continue reading 'CEO of failed MtGox bitcoin exchange arrested in Japan' (full post)

Despite number of users, is Apple Music shaping up to be a disaster?

By: Michael Hatamoto | More News: Business, Financial & Legal | Posted: Aug 2, 2015 11:55 pm

Apple Music has successfully generated a lot of interest, but it's easy to find vocal critics willing to share some of the horror stories they've endured so far.

 

despite-number-users-apple-music-shaping-up-disaster_01

 

One longtime Apple "watcher" explained how he lost more than 4,000 songs after the app on his phone gave him complicated and confusing settings. After some tinkering, he was reportedly able to get most of the songs back. Tech analyst Ben Thompson believes Apple Music is something the company released to the public because executives may have thought it was necessary - with other users reporting it is underwhelming.

 

Of course, some of you responded that you've had no problems while testing the streaming music service. So, the jury is clearly still out as to whether or not Apple Music will be a major success, or end up being nothing more than a dud.

Continue reading 'Despite number of users, is Apple Music shaping up to be a disaster?' (full post)

Uber is now valued at $50 billion, receives funding from Microsoft

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Aug 2, 2015 2:22 pm

Uber has just raised another $1 billion, which has the ride sharing giant being worth $50 billion, reaching the milestone two years quicker than Facebook did.

 

uber-now-valued-50-billion-receives-funding-microsoft_05

 

The company has attracted all sorts of different investors in its latest funding round, with one of them being Microsoft. According to sources of Bloomberg, Microsoft reportedly backed Uber by around $100 million. There's no information on what Microsoft's interest is in Uber, but abck in June, Uber secured itself a slice of Bing's mapping technology, as well as around 100 employees from Microsoft.

 

Microsoft isn't the first company to invest into Uber, with Chinese internet giant Baidu throwing some money into the ring, with an investment that is said to be around $600 million. Amazon founder Jeff Bezos has also invested into the company, all the way back in 2011, as well as Google Ventures pledging $258 million in 2013.

Sharp pulls out of the TV business in the US after financial problems

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Aug 2, 2015 12:37 pm

Sharp's Aquos line of TVs might be popular amongst enthusiasts, but the company has been forced to pull out of the LCD TV business in the United States after various financial problems had Sharp's hands tied behind its back.

 

sharp-pulls-tv-business-financial-problems_04

 

The company sold its Mexican factory for $23.7 million, along with the rights to its Sharp brand in both North and South America to Chinese TV maker Hisense. Over the last quarter, Sharp lost $274 million, while over the last four years the Japanese giant has lost $13.4 billion. Sharp recently secured itself a $1.8 billion bailout, but company president Kozo Takahashi said: "we have to consider all options, including a spinoff of the LCD business. The LCD market is changing very rapidly".

 

Hisense has said: "The acquisition (of Sharp's brand) will help Hisense gain an upper hand in both North and South America". From here on out, Sharp's Aquos TV line up will continue to be sold in the US, but Hisense will be enjoying any profits made.

Uber will soon offer cars on lease to secure more drivers

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jul 31, 2015 4:35 am

Uber is scratching to keep up with itself and its continuing demand, so the ridesharing giant has just announced that it is opening up a car-leasing program to people wanting to be Uber drivers.

 

uber-soon-offer-cars-lease-secure-more-drivers_04

 

The company has worked with Banco Santander in the US previously, but with Uber going in-house for its car leasing, it's an interesting move. Uber hasn't provided anymore details on the new move, such as the financial side of things - you know, like how much the monthly repayment is for would be Uber drivers.

 

Re/code is reporting that Uber will start leasing cars in California, Georgia and Maryland, but it will quickly expand into other states, and most likely overseas.

LG posts a low $206.38 million in profit in second-quarter, blames TVs

By: Chris Smith | More News: Business, Financial & Legal | Posted: Jul 30, 2015 11:31 am

In a recently issued press release, LG Electronics announced a net profit of 206.38 million (226.4 billion KRW) over second-quarter 2015, in what it claims to be "an extremely challenging environment."

 

lg-rakes-206-38-million-profit-second-quarter-2015_046

 

With the TV market being described as weak, revenue in this section amounted to 3.59 billion, with LG's mobile arena gathering 3.33 billion, marking a 1 percent increase from the same time last year. Home appliances and air solutions saw a larger 10 percent increase, reporting total sales amounting to 4.09 billion at an operating profit of 266 million.

 

LG claims that the current "sluggish global TV market" is particularly harsh in CIS, Latin America and Europe. This means that LG has posted a slight decline in operating profits in this area, seeing a drop of 222.52 million.

Continue reading 'LG posts a low $206.38 million in profit in second-quarter, blames TVs' (full post)

Latest News Posts

View More News Posts

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases
Subscribe to our Newsletter
Or Scroll Down