Tech content trusted by users in North America and around the world
6,673 Reviews & Articles | 45,589 News Posts

TweakTown News

Refine News by Category:

Business, Financial & Legal Posts - Page 4

Microsoft's 'flagship' store in NYC opens its doors in the fall

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jul 29, 2015 5:37 am

While there are Microsoft stores around the United States, the company will be opening its 'flagship' store in New York City's Fifth Avenue later in the fall, according to the company.

 

microsofts-flagship-store-nyc-opens-doors-fall_01

 

Microsoft is most likely waiting for the lucrative holiday season before it opens up shop in Fifth Avenue, as there will be plenty of new Windows 10 devices and PCs to sell, as well as the new OS itself. Surface is continuing to sell well, but with Windows 10 launching today, Microsoft is in the perfect position to open up a new flagship store.

David Guetta believes music piracy helps boost his concert attendance

By: Michael Hatamoto | More News: Business, Financial & Legal | Posted: Jul 27, 2015 11:11 pm

Musicians have been vocal against Internet piracy - and sometimes against streaming music - but one person who has a more positive approach is David Guetta.

 

david-guetta-believes-music-piracy-helps-drive-concert-attendance_01

 

The French DJ and producer had a more optimistic approach to how music piracy can actually help boost attendance in concerts: "I just want people to have access to my music. If there was no piracy, why can I sell out 20,000 people every [time] in Brazil?" Guetta said while speaking to BBC. "Is it because of how many records we sold in the shops? Of course not."

 

Guetta previously gave away music in an effort to stifle piracy, and even had a rather amusing outlook: "I wish that every person who's listening to my music would send me a little check. That would make me a very rich person, that would be wonderful. But at the same time this is impossible. You can't fight progress, so you better embrace it."

Continue reading 'David Guetta believes music piracy helps boost his concert attendance' (full post)

Pandora confident of its service, even with Apple Music on the scene

By: Michael Hatamoto | More News: Business, Financial & Legal | Posted: Jul 26, 2015 4:25 pm

Pandora CEO Brian McAndrews said the recent launch of Apple Music hasn't had an immediate impact on its own business.

 

pandora-apple-music-no-impact-business_01

 

Of course, Apple Music has been available for less than one month, and while the company works out a few issues, we'll have to wait and see what impact it may have on Pandora and Spotify. However, it looks like McAndrews had some strong words regarding the newest tradition to the streaming music market:

 

"In terms of the Apple Music, in Q2, of course, Apple Music launched at the end of June, so there was no impact," McAndrews noted during a recent earnings call. "Going forward, we feel really good about our trajectory and competitive position... there could be some listeners who experiment with the service and there could be some short-term impact, but we don't - we aren't seeing any meaningful listener impact at this time and we don't expect any long-term meaningful impact either."

Continue reading 'Pandora confident of its service, even with Apple Music on the scene' (full post)

FCC approves AT&T's acquisition of DirecTV, form huge pay-TV business

By: Michael Hatamoto | More News: Business, Financial & Legal | Posted: Jul 24, 2015 9:19 pm

A whopping $49 billion acquisition of DirecTV by AT&T has been approved by the Federal Communications Commission (FCC), and the two companies will now create the largest pay-TV business in the United States.

 

fcc-approves-ts-acquisition-directv-form-huge-pay-tv-business_01

 

The deal allows AT&T to receive new revenue growth outside of its wireless service, while DirecTV desperately gets a broadband product that the company was unable to create for itself.

 

"The conditions imposed by the Commission address potential harms presented by the combination," according to the FCC. "The conditions also ensure that the benefits of the merger will be realized."

Continue reading 'FCC approves AT&T's acquisition of DirecTV, form huge pay-TV business' (full post)

LG invests $908 million on a new plant to build flexible OLED screens

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jul 24, 2015 6:36 am

LG has just invested a cool $908 million over the course of two years by starting construction on a new plant that will be making flexible OLED displays, according to a new regulatory filing.

 

lg-invests-908-million-new-plant-build-flexible-oled-screens_03

 

Flexible OLED displays will be a big thing going into the future, with flexible displays found in smartphones, monitors, TVs and in the next few years, many more devices. Think flexible OLED panels in VR headsets, wearables, and so much more. Right now, products with flexible displays are expensive because they cost more to produce. But with a near $1 billion investment from a company like LG, we should see the price of flexible OLED panels drop considerably over the next few years.

Lenovo has faith in PC market, especially with Windows 10 coming

By: Michael Hatamoto | More News: Business, Financial & Legal | Posted: Jul 23, 2015 6:30 pm

The PC market has been all over the place in recent years, with vendors struggling to sell PCs and devices pre-loaded with Microsoft Windows 8. Chinese manufacturer Lenovo is the No. 1 largest PC manufacturer with around 20 percent of global market share, according to the IDC research group.

 

lenovo-faith-pc-market-especially-windows-10-coming_01

 

However, Lenovo is aware that the PC market faces problems - with the company noting a Q2 7.5 percent year-over-year drop, while the PC market dropped almost 12 percent.

 

"We are starting to see a big consolidation in the market... we think that probably within the next 24 months, maybe four to five players will leave," said Gianfranco Lanci, COO at Lenovo, in a statement to CNBC.

Continue reading 'Lenovo has faith in PC market, especially with Windows 10 coming' (full post)

Silk Road drug dealer, turned witness, given less than three years

By: Michael Hatamoto | More News: Business, Financial & Legal | Posted: Jul 22, 2015 10:19 pm

Silk Road founder Ross Ulbricht was given two life sentences and a mix of three lesser sentences for his role in operating the underground drug website. The hammer has dropped for a different drug dealer on the Silk Road website, after a guilty plea late last year for drug conspiracy charges, leading to 2-1/2 years in prison.

 

silk-road-drug-dealer-turned-witness-given-less-three-years_01

 

Michael Duch, a heroin dealer using the website under the alias "deezletime," will be given 21 months credit for time served. Although his attorney, Samuel Braverman, asked US District Judge Katherine Forrest to release his client to a drug rehabilitation center, that doesn't seem likely just yet.

 

Duch reportedly used Silk Road to purchase painkillers, and when his addiction spiraled out of control, began selling narcotics on the site.

Continue reading 'Silk Road drug dealer, turned witness, given less than three years' (full post)

Australian game retailer EB Games exposed for alleged employee abuse

By: Chris Smith | More News: Business, Financial & Legal | Posted: Jul 22, 2015 10:31 am

You may have noticed this news across your social media feeds over the past few days, if not - you're likely in for a sad surprise. Kotaku recently published a story 'exposing' behind-the-scenes happenings in Australian branches of the game retail chain EB Games, covering topics such as unpaid overtime, sexual harassment, verbal abuse and more.

 

australian-game-retailer-eb-games-exposed-alleged-employee-abuse_084

 

Focused mainly around one district manager by the name of Mark DiStefano, employee accounts within this article covered topics ranging from racial slurs, barrages of abuse, tears and more. Other accounts discussed rejected sexual harassment claims due to the lack of an internal HR department and 'forced' unpaid labor - threatening employees with a cut back on casual hours if unpaid work was not completed regularly.

 

EB Games management told Kotaku that they comply "with all Fair Work Australia's rules and regulations," with no pressing statements being spotted by the company just yet. Brandishing an extremely active Twitter, this may be one place to stay tuned for official updates from EB itself.

Apple posts record financial results thanks to iPhone, Mac, App Store

By: Chris Smith | More News: Business, Financial & Legal | Posted: Jul 22, 2015 9:27 am

In a recently issued press release, technology giant Apple bragged a fiscal 2015 third quarter pull of $49.6 billion in revenue and $10.7 billion profit, measuring in at $1.85 per diluted share.

 

apple-posts-record-financial-results-thanks-iphone-mac-app-store_081

 

Compared to this time last year when Apple was pulling in $37.4 billion in revenue and a net profit of $7.7 billion, CEO Tim Cook is obviously happy with the results. With the hike explained as gaining assistance thanks to "iPhone revenue [being] up 59 percent" when compared to last year, the "strong sales of Mac, [and] all-time record revenue from services, driven by the App Store, and a great start for Apple Watch" all played a part, said Cook.

 

Set with eyes on the future, Cook further commented that customers should expect iOS 9, OS X EL Capitan and watchOS2 this coming fall.

Qualcomm layoffs could happen soon, strategic split is also possible

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jul 22, 2015 6:27 am

If the latest report from The Wall Street Journal turns out to be true, Qualcomm could be the next big tech giant to look at a strategic split. The company is reportedly in the process of a sweeping review that would look at the possibilities of breaking up into pieces.

 

qualcomm-layoffs-happen-soon-strategic-split-possible_07

 

In the recent months, Jana partners LLC has been asking Qualcomm to cut costs, repurchase shares at a faster rate, add new members to its board of directors, and explore a break up, after it was revealed it had a $2 billion stake in Qualcomm. The strategic split would see Qualcomm cutting up and separating its chip production business from its patent-licensing arm.

 

Qualcomm is expected to report its fiscal Q3 results on Wednesday, and according to The Information, the company will lay off around 10% of its global workforce, resulting in 3000 jobs being cut.

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