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Business, Financial & Legal Posts - Page 51

HTC is eyeballing Nokia's India-based manufacturing facility

With Microsoft closing its acquisition deal with Nokia this week, HTC has began eyeballing some of the Nokia-owned assets that will not be transferring over in the deal. A new report from CNET says that HTC is looking to purchase Nokia's manufacturing facility located in Chennai, India. The news comes from HTC's CFO, Chialin Chang, who said that his company was looking into a possible purchase of the facility.

 

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Unfortunately for HTC, the plant has been mixed up in a tax debate in which the Indian government says Nokia owes $500 million in back taxes on the facility. This is one of the major reasons that Microsoft has no interest in the facility, and has expressly avoided adding it into its acquisition deal with Nokia. This could turn out to be a major win for HTC though as the Indian Government could seize the facility and sell it to HTC for pennies on the dollar.

Compton, CA spied on using drone aircraft by Sheriff's department

A report is making the rounds that the police in Compton, California carried out a secret experiment in 2013 that involved the use of surveillance drones. The drone aircraft was equipped with a HD video camera and allows operators to zoom in on any point within the municipality. Compton spans about 10-square miles.

 

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The demonstration was conducted by a company called Persistence Surveillance Systems and one of its workers named Ross McNutt says, "We literally watched all of Compton during the times that we were flying, so we could zoom in anywhere within the city of Compton and follow cars and see people."

Continue reading 'Compton, CA spied on using drone aircraft by Sheriff's department' (full post)

Apple offers free recycling for all of its used products

Apple wants to make the world a greener place, and plans to provide free e-recycling of all its used products when consumers decided to upgrade. In addition, the company also is using renewable energy in its offices and data centers to help cut back on pollution.

 

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"What the company wants to do is use all of our innovation and all of our expertise to make the planet more secure and make the environment better," said Lisa Jackson, Apple VP of environmental initiatives, told the AP.

 

Apple issues gift cards to recycled products which can be resold, though this offer is for products that don't have resell value - instead, customers are able to turn in the device so Apple can foot the bill for it to be properly disposed of.

Continue reading 'Apple offers free recycling for all of its used products' (full post)

GitHub co-founder calls it quits after alleged discrimination claim

Today GitHub announced that its co-founder and president, Tom Preston-Werner has resigned his position with the company after accusations of discrimination proved to be untrue. In March, a former female enginner, Julie Ann Horvath, accused GitHub of gender discrimination, and claimed that the work environment was centered around a "boys club" that she could not seem to join. GitHub hired a third-party company to hold an independent investigation into the claim. No evidence of any discrimination was found.

 

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"The investigation found no evidence to support the claims against Tom and his wife of sexual or gender-based harassment or retaliation, or of a sexist or hostile work environment," GitHub CEO and co-founder Chris Wanstrath wrote in a blog post. "However, while there may have been no legal wrongdoing, the investigator did find evidence of mistakes and errors of judgment."

Nokia and Microsoft to finalize acquisition deal on April 25th, 2014

In just four days, one of the biggest names in mobile communication will cease to exist as we know it for ever. Today Nokia announced that it would be finalizing the acquisition deal with Microsoft on April 25th. This deal began back in September of 2013 when Microsoft announced that it had begun the acquisition of Nokia's Devices and Services division for $7.2 billion, and would take over Nokia's mobile phone business in 2014.

 

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"The completion of this acquisition follows several months of planning and will mark a key step on the journey towards integration. This acquisition will help Microsoft accelerate innovation and market adoption for Windows Phones. In addition, we look forward to introducing the next billion customers to Microsoft services via Nokia mobile phones," Microsoft said in a statement.

Continue reading 'Nokia and Microsoft to finalize acquisition deal on April 25th, 2014' (full post)

LinkedIn now has over 300 million members, mobile is important

LinkedIn continues to grow, where it has just announced a massive milestone: 300 million members. A more surprising nugget of news from the company is that most of this massive growth comes thanks to mobile.

 

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Mobile users are expected to represent 50% of all global traffic later this year, showing that mobile is unstoppable. LinkedIn took to its blog to show that members in regions like Costa Rica, Malaysia, Singapore, Sweden, United Arab Emirates and the United Kingdom already use the service more on their mobile devices, than they do on their desktops or notebooks.

 

Each and every day LinkedIn is seeing an average of 15 million profile views, 1.45 million job views, and 44,000 job applications throughout 200 countries on mobile alone. Out of the 300 million LinkedIn users, 100 million of those are based in the US. These figures represent registered users, and not monthly active users.

Continue reading 'LinkedIn now has over 300 million members, mobile is important' (full post)

Microsoft invests $1.1 billion in a new data center in Iowa

Iowa is quite the hot spot for data centers, with the state attracting Microsoft yet again to build its new data center in West Des Moines, a spot where the company already runs a data center.

 

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The investment is costing $1.1 billion, with the project being one of the largest in the history of the data center industry. The new facility will be spanned across 1.2 million square feet of space, on a massive 154-acre property. This data center has been a mystery for a while now, something that has been known as Project Alluvion.

 

On Friday, the Iowa Economic Development Authority Board approved a $20.3 million sales tax rebate to Microsoft on the project, something that will be made available until 2021. This is on top of the $18 million in incentives that the company has been promised by West Des Moines. Microsoft will be pumping around $8 million a year in property taxes back into the city, as well as creating 84 jobs when its fully built up. 66 of those jobs will have hourly wages of $24.32.

Mt. Gox supporters hope to revive the company, with creditor blessing

Supporters of Mt. Gox and the bitcoin currency hope to resurrect the defunct bitcoin exchange by wooing creditors to avoid liquidating current assets.

 

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Just days after Mt. Gox said it won't try to rebuild the company - and invites creditors to liquidate - Mt. Gox faces a rather uncertain future.

 

"We need your help to stop a liquidation, which would be good neither for Mt. Gox creditors nor bitcoin's reputation with the general public and regulators," according to supporters of the new movement.

Continue reading 'Mt. Gox supporters hope to revive the company, with creditor blessing' (full post)

Like a company on Facebook and forget about future legal action

Throughout the course of modern day history, companies have paid billions to lawyers to come up with elaborate plans to prevent consumers, workers, and other companies from having the right to file a lawsuit against them. Today we have learned that cereal maker, General Mills, has quietly slipped in a clause within its privacy policy that bars consumers from bringing forth litigation on the company if that individual uses a coupon offered by the company, enters a sweepstakes, or even "Likes" the company on social media.

 

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The new policy states: "Anyone who has received anything that could be construed as a benefit and who then has a dispute with the company over its products will have to use informal negotiation via email or go through arbitration to seek relief, according to the new terms posted on its site." This is also known as "forced arbitration."

 

General Mills is clearly trying to avoid costly lawsuits such as one last year over packaging of a product that resulted in $8.5 million in settlement fees. The new policy is forcing consumers to enter into arbitration which means that your lawyer and their lawyer will meet in a room somewhere, and hash out how much compensation, if any, will be given to you. With companies sneaking in clauses like this into their privacy policy and forcing US citizens to give up rights, it may be time to rethink who you give your money too.

HTC hires former Samsung marketing exec on three-month contract

It looks like HTC is desperate, with the Taiwanese smartphone manufacturer hiring Paul Golden, who was previously in a marketing position at Samsung. With HTC continuing to experience all sorts of obstacles in front of it being successful, this is an important bit of news.

 

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Golden has been hired by HTC on a three-month contract, where we're sure he'll come in and talk to the company about how to better market its smartphone against the likes of Samsung and Apple. HTC's just-released One M8 has been met with positive reactions from both the press and consumers, but I don't think it has been a big enough success for HTC against Samsung - which is set to ship a massive 35 million Galaxy S5's in Q2 2014 alone.

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