TweakTown
Tech content trusted by users in North America and around the world
6,207 Reviews & Articles | 40,150 News Posts
TRENDING NOW: GTA V will have 'just for PC' features, including a video editor

TweakTown News

Refine News by Category:

Business, Financial & Legal Posts - Page 65

Radionomy is now the proud owner of Winamp

Online radio aggregator, Radionomy, has acquired both Winamp and Shoutcast from AOL. A source close to TechCrunch has said that Radionomy paid somewhere between $5 million and $10 million.

 

TweakTown image news/3/4/34861_07_radionomy_is_now_the_proud_owner_of_winamp.jpg

 

The deal included a 12% stake in Radionomy for AOL, too. AOL purchased Nullsoft, the creator of Winamp and Shoutcast, for $80 million back in 1999. So to sell them for close to 10% of that must hurt. Acquiring Winamp and Shoutcast is a boon for Radionomy, as it will make them one of the bigger competitors in the online radio business.

Seeking Alpha contributor says "Bitcoin fails as a currency"

The rise and fall of digital currency Bitcoin, has been interesting to say the least. But now we have Seeking Alpha contributor, Robert Wagner, chiming in with a new piece, calling out the digital currency, where he expects the bubble to pop.

 

TweakTown image news/3/4/34848_04_seeking_alpha_contributor_says_bitcoin_fails_as_a_currency.jpg

 

Wagner says that Bitcoin's "first flaw is its very foundation", citing that one of the reasons people wanted a new digital currency was to get away from the central bank, fiat-based dollar. Wagner goes into some incredible detail, which you can read all about right here, but do you agree? Do you think the great Bitcoin crash will happen, soon?

Google takes ownership of Nest in $3.2 billion acquisition

Nest was one of the hottest companies in 2013, and wowed tech insiders world wide with the release of its smart smoke alarms and thermostats. Based in Palo Alto, California, Nest was in the center of silicon valley and had attracted the attention of some of the biggest investors and companies in the business, one of which has just acquired the company.

 

TweakTown image news/3/4/34831_1_google_takes_ownership_of_nest_in_3_2_billion_acquisition.jpg

 

Google has just announced that it has acquired Nest for a whopping $3.2 billion in cash, which now adds Google's name to yet another market space that directly affects our daily lives. Nest will further Google's push into the so-called "Internet of Things," and will further allow it to continue its growth into the home automation realm.

 

"We're thrilled to join Google," Fadell, 44, said in a statement. "With their support, Nest will be even better placed to build simple, thoughtful devices that make life easier at home, and that have a positive impact on the world." Google CEO Larry Page said "Fadell and his Nest co-founder Matt Rogers had built a tremendous team that we are excited to welcome into the Google family."

Ford CEO Alan Mulally turns down potential to lead Microsoft

Ford CEO Alan Mulally has confirmed he will remain with the U.S. automaker and not become the next Microsoft CEO, which will be vacated when Steve Ballmer steps down. Last August, Ballmer said he would resign - and leave within 12 months - but is trying to help the company ease into the transition. However, that's going to be difficult when there is uncertainty about the company's short-term stability.

 

TweakTown image news/3/4/34751_01_ford_ceo_alan_mulally_turns_down_potential_to_lead_microsoft.jpg

 

"I would like to end the Microsoft speculation because I have no other plans to do anything other than serve Ford," Mulally told reporters. "You don't have to worry about me leaving."

 

Microsoft's hunt for Ballmer's replacement has been extremely difficult, as there are only a handful of skilled candidates seeking the job. Microsoft is currently considering both internal and external candidates as the company needs to buckle down and find a new leader.

Microsoft replaces 'Metro' with new 'Mod' trademark for Windows 8

We've already seen Microsoft change its "Metro" name for "Windows 8-style UI" with all those problems when Windows 8 launched, but now we're seeing a new name, "Mod", which would be the new, new name for the UI.

 

TweakTown image news/3/4/34620_11_microsoft_replaces_metro_with_new_mod_trademark_for_windows_8.jpg

 

The news is coming from ZDNet, with Mary Jo Foley reporting that Microsoft applied to trademark the word "Mod", which Foley thinks the software giant will use to refer the new modern design in future iterations of Windows. The company has also filed for more words with the United States Patent and Trademark Office, with the following words: "Windows Mod", "Office Mod", and "Microsoft Office Mod".

FarmVille creator, Zynga, now supports Bitcoins

The all-digital game creator Zynga has announced that it is launching an experiment, where it will accept Bitcoins for in-game purchases on some of its games.

 

TweakTown image news/3/4/34618_09_farmville_creator_zynga_now_supports_bitcoins.jpg

 

Zynga is working with Bitpay that will allow gamers to use the digital currency in FarmVille 2, CastleVille, ChefVille, CoasterVille, Hidden Chronicles, Hidden Shadows, and CityVille. Does this change your mind about Zynga, that it is now accepting Bitcoin? It won't do much for most, but it's a step in the right direction for Zynga.

Analyst lowers his expectations for Samsung Q4 2013 profits

There are countless Galaxy smartphones and tablets in the wild now, but according to Barrons, Jefferies & Co. analyst, Hyunwoo Doh, it looks like Samsung's Q4 2013 profit estimate might not be as strong as previously thought.

 

TweakTown image news/3/4/34615_06_samsung_reportedly_lowering_its_q4_2013_profit_estimates.jpg

 

The analyst lowered his estimates for Samsung's Q4 2013 "to reflect higher bonus payouts, adjustments to the company's manufacturing of display panels, and the decline of the U.S. dollar against the Korean Won." Doh has faith in the South Korean giants mobile division, which is doing very good business.

 

He added: "[T]he [IT & Mobile Communications] division should see a decrease in earnings, due to slower high-end smartphone sales and inventory destocking. As such, its share price momentum should weaken until an earnings recovery is seen."

Alicia Keys out as BlackBerry's Global Creative Director

During BlackBerry's event in 2013 announcing BlackBerry 10, the company surprised everyone by appointing singer, Alicia Keys, as the new Global Creative Director. While this position was mostly for publicity, it represented the length that BlackBerry was willing to go to save itself from financial ruin.

 

TweakTown image news/3/4/34593_1_alicia_keys_out_as_blackberry_s_global_creative_director.jpg

 

Now less than a year later, and with new management steering the ship, Alicia Keys has been relieved of her duty. While no official reason has been mentioned for her departure from her honorary position, it could be due to the fact that Keys never really gave up her iPhone or iPad for BlackBerry devices. Just weeks after the BB10 announcement, Keys tweeted from the iPhone she reportedly gave up for the new at the time BlackBerry Z10.

Coinye coins look to be the next Bitcoin, Kanye West's ego swells

With the cryptocurrency quickly becoming the next big bubble, new "coins" are popping up every day. Today coders has announced a new digital currency called Coinye West, and is based on the open source Bitcoin code. "Coinye West is a cryptocurrency for the masses," says its creators.

 

TweakTown image news/3/4/34591_1_coinye_coins_look_to_be_the_next_bitcoin_kanye_west_s_ego_swells.jpg

 

While this is most definitely nothing more than an elaborate joke, the Coinye West coins could take of and actually gain some kind of value, similar to how the Dogecoin, another joke turned real cryptocurrency did. One thing is for sure though, investing is advised as if the Coinye West coins do inflate to anything near the size of Kanye's ego, we all will be billionaires!

HP said to be planning 5000 layoffs for 2014

HP has been in financial trouble for some time now as a result of a dwindling PC sales market, and today the company is preparing for yet another round of layoffs that could see as many as 5000 more employees fired before the end of the year. In a new SEC 10K filing HPO raised its estimated layoff numbers to 34,000.

 

TweakTown image news/3/4/34572_1_hp_said_to_be_planning_5000_layoffs_for_2014.jpg

 

While 34,000 people losing their jobs is definitely a tragedy, HP will save $4.1 billion which might be enough to save the company from going under. With HP already having laid off 24,600 employees, it has until October to fire the other 9,000. 2013 was not a good year for big business, with companies like BlackBerry, OCZ, and HP reporting major financial woes. Here's hoping 2014 will be a better year all around!

Latest News Posts

View More News Posts

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases