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Business, Financial & Legal Posts - Page 6

Tesla says two journalists attacked security guards at its Gigafactory

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Oct 14, 2015 11:32 am

According to Tesla, two journalists from Reno Gazette-Journal broke into their elusive Gigafactory facility, and attacked the Tesla staff that caught them in the act.




The journalists refused to stay put when they were found, where they then used their Jeep to RAM two private security guards on patrol responded to the break in. The driver was charged with assault, but both of the journalists are at fault here. Tesla has said that there have been a number of "repeated" intrusions, but this is the first that ended in violence.


The story gets weirder though, with the Reno Gazette-Journal reporting that a "rock had been used to shatter the driver's-side window and the driver's-side seat belt had been cut in half", but Storey County Sheriff Gerald Antinoro said he couldn't confirm how that damaged occurred.

London police finally halt round-the-clock watch on Julian Assange

By: Derek Strickland | More News: Business, Financial & Legal | Posted: Oct 12, 2015 3:47 pm

After spending 9 million GBP on three years' worth of constant guard, the London Metro Police have finally stepped away from their 24/7 surveillance over the Ecuadoarian embassy that houses Julian Assange.




For the past three years now the London Metropolitan Police Service has stood like sentinals outside of the Ecuadorian embassy in round-the-clock guard posts. The world watched on as the controversial figurehead Julian Assange faced his opressors through the safe harbor of the embassy. The polic guard have strict orders to arrest the WikiLeaks co-founder Julian Assange on sight if he should step outside of the safe harbor of the embassy, but for the past three years, Assange has stayed safely ensconced in the building like a hostage.


This endeavor has cost nearly 10 million GBP across three years time, and now the police force has finally called it quits. "Whilst the MPS remains committed to executing the arrest warrant and presenting Julian Assange before the court, it is only right that the policing operation to achieve this is continually reviewed against the diplomatic and legal efforts to resolve the situation," reads an official announcement from the London Metro Police. "As a result of this continual review the MPS has today Monday, 12 October withdrawn the physical presence of officers from outside the Embassy."

Continue reading 'London police finally halt round-the-clock watch on Julian Assange' (full post)

Dell buys IT firm EMC for $67 billion in largest tech deal in history

By: Derek Strickland | More News: Business, Financial & Legal | Posted: Oct 12, 2015 12:55 pm

Dell has just completed the single most substantial acquisition in the history of technology, paying a whopping $67 billion for EMC Corporation, one of the biggest names in data management.




Bringing EMC into the fold is extremely advantageous for Dell, who plans to bolster its data computing sector with EMC's valuable expertise in services like cloud management, enterprise-grade backup, recovery and archiving, and data virtualization. EMC powers a huge portion of the world's business data management, with companies across the globe utilizing its wide array of services to encrypt, analyze and interpret massive data streams across a wide variety of platforms.


"The combination of Dell and EMC creates an enterprise solutions powerhouse bringing our customers industry leading innovation across their entire technology environment. Our new company will be exceptionally well-positioned for growth in the most strategic areas of next generation IT including digital transformation, software-defined data center, converged infrastructure, hybrid cloud, mobile and security," said Michael Dell. "Our investments in R&D and innovation along with our privately-controlled structure will give us unmatched scale, strength and flexibility, deepening our relationships with customers of all sizes. I am incredibly excited to partner with the EMC, VMware, Pivotal, VCE, RSA and Virtustream teams and am personally committed to the success of our new company, our customers and partners."

Continue reading 'Dell buys IT firm EMC for $67 billion in largest tech deal in history' (full post)

Minecraft streamer buys $4.5 million house down the road from Notch

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Oct 11, 2015 5:33 am

Just how successful are some YouTubers? Well, YouTube personality Jordan "CaptainSparklez" Maron mostly plays Minecraft, just spent $4.5 million on a new mansion in the Hollywood Hills. His new mansion is just down the road from the massive house that the creator of Minecraft, Markus "Notch" Persson, purchased recently.




CaptainSparklez has over 8.8 million subscribers, and has a decent amount of subscribers on Twitch too, with over 1.2 million. Maron has over 1.9 billion views on YouTube, which has provided him with the bank account to dump down $4.5 million on a new house. Not too bad for playing games, hey, Mom?

Twitter reportedly planning layoffs that could start on October 13

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Oct 11, 2015 1:47 am

Now that Jack Dorsey is back in the CEO throne of Twitter, rumor has it there will be layoff announcements coming on October 13, according to sources of both The New York Times and Recode.




Recode is reporting that this is an attempt by the social network to better organize their engineering team, which has become "bloated". Previous rumors stated that Twitter had stopped plans of its San Francisco HQ expansion, but Dorsey wants to save more money, so we're to expect layoffs very soon.


Twitter is of course not talking about these rumors, but insiders say that Twitter's programming team is much bigger than the company should have, given its growth. The social network has doubled its staff in the last two years, but it has only added 50% more users to Twitter. We should hear more, and be able to confirm these rumors, on October 13.

Elon Musk refers to Apple as 'Tesla's graveyard'

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Oct 10, 2015 3:39 am

There have been a number of employees that have reportedly been poached from Tesla Motors by Apple to work on their rumored electric car project, but Tesla founder Elon Musk has had a few choice words to throw into the mix.




When talking with German newspaper Handselsblatt, Musk was questioned over the key members that Apple had secured, with Musk saying: "Important engineers? They have hired people we've fired. We always jokingly call Apple the 'Tesla Graveyard.' If you don't make it at Tesla, you go work at Apple. I'm not kidding".


It's quite the statement, with Musk continuing his laugh at Apple when he was asked if he saw the iMaker as a serious competitor to its electric vehicles, where he said: "Did you ever take a look at the Apple Watch". He added: "No, seriously: it's good that Apple is moving and investing in this direction. But cars are very complex compared to phones or smartwatches. You can't just go to a supplier like Foxconn and say: 'Build me a car.' But for Apple, the car is the next logical thing to finally offer a significant innovation. A new pencil or a bigger iPad alone were not relevant enough".

Uber hack in early 2014 allegedly traced back to the CTO of Lyft

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Oct 9, 2015 10:39 am

Last year Uber was hacked with around 50,000 drivers' names and license numbers accessed, Uber's legal investigations into the attack led them to an IP address of who was responsible.




The address? The Chief Technology Officer of Lyft, Uber's competitor - at least according to two sources familiar with the matter. Uber announced it was hacked in February during a lawsuit it filed in the San Francisco federal court, so it could find out who was behind the IP address. According to the ride sharing giant's papers, an at-the-time unidentified person was using a Comcast IP address and had access to a security key that they used for the breach.


According to two of Reuters' sources, the IP address was traced back to the CTO of Lyft, Chris Lambert. The court papers have no correlation between the IP address and the person behind the attack, with Uber finding the IP address through a process of elimination where it worked through all of the IP addresses that accessed a critical security key that had been accidentally deposited on the public code-sharing platform, GitHub. As for the IP address, it was used by a VPN service based in Scandanavia, with the Judge Laurel Beeler saying that the information that Uber wanted through its subpoena for Comcast's records was "reasonably likely" to help reveal the "bad actor" behind the attack.

Continue reading 'Uber hack in early 2014 allegedly traced back to the CTO of Lyft' (full post)

Netflix increases its $8.99 per month plan to $9.99 per month

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Oct 9, 2015 4:20 am

If you're a Netflix subscriber on the dual HD plan paying $8.99 per month, the company has just increased the price of this plan to $9.99 per month.




This is Netflix's most popular plan, with the company only increasing the price of this plan in the US, Canada and parts of Latin America. The new $9.99 pricing will take place after a grace period, while new subscribers can enjoy their free trial, but after the trial it will be locked at $9.99 per month for the HD on two screens at once ability.

Sony spins off one of its best divisions, its image sensor business

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Oct 8, 2015 9:32 am

Sony has just announced it is spinning off one of the best parts of its business, with Sony's image sensor business now falling under a new entity; Sony Semiconductor Solutions Corporations. Under this new company, two subsidiaries will join it - Sony Semiconductor Corporation, and Sony LSI Design.




Last year alone, Sony was estimated to have supplied around 40% of all new image sensors for smartphones. The Japanese giant had two image sensors in each new iPhone, which was making Sony around $20 per iPhone sold according to analysts. Apple sold 74.5 million iPhones during last year's holiday quarter, so Sony is sitting pretty with its image sensor business.


Sony is shifting the image sensor business into its own entity because of profits, as it wants to make underperforming divisions of the company more accountable for their performance. This will stop those divisions from riding on the success of the image sensor and PlayStation divisions, which continue to make money for the company.


The standalone image sensor business will start off on April 1, 2016.

Valve's retail presence involves GameStop, EB Games and Game UK

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Oct 6, 2015 3:50 am

Valve is getting close to the big launch of its Steam Machines, Steam Controllers and many more devices, with the company announcing it has partnered up with GameStop, EB Games and Game UK who will all serve as "exclusive non-digital retailer[s]".




These companies will be selling Valve's upcoming Steam Machines, Steam Controller and Steam Link streaming device. In the US and UK, there will be dedicated "Steam Sections" where gamers can get their hands on PC gaming hardware, like the Steam Controller and Steam Machines, as well as some pre-paid Steam cards.


Valve co-founder, Gabe Newell explains: "Creating a 'store within a store' across North America and the UK is a significant win for getting the first generation of Steam Hardware products into gamers' hands".

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