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Business, Financial & Legal Posts - Page 9

Bungie's senior gameplay designer on Destiny leaves for Bethesda

Bungie's Senior Gameplay Designer for Destiny has left the company, with Josh Hamrick moving over to Bethesda. The news has been confirmed by Pete Hines and John Hamrick on Twitter.

 

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Hamrick worked for Bungie for around six years before he left, having his skills placed on the Halo games when they were still being developed by Bungie. As for Bethesda, we can expect something from the company in June at E3 2015, where they will hopefully announce some new titles, and maybe a few surprises.

Huawei secures 33% increase in profits for 2014

Huawei has had a strong couple of years, with the Chinese smartphone giant increasing its revenue by 21%, and its profits by 33% when compared to 2013. Huawei has pulled in overall revenues of $46.4 billion in 2014, with profits reaching $4.5 billion.

 

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The company has seen a nice growth in its smartphone sales, with the Chinese manufacturer selling over 75 million handsets in 2014. 4G services have helped the company and its increased sales, with Huawei partnering up with multiple carriers across the world to provide telecommunications equipment. While the company isn't making waves in the US, it is doing very well in other regions like Europe and India.

 

This year, Huawei has plans to launch its Ascend P8 smartphone which should feature a 5.2-inch Full HD display, 64-bit 8-core Kirin 930 processor, 3GB of RAM, 32GB of storage with expandable storage. We should see Huawei take the wraps off of the Ascend P8 smartphone at its even on April 15 in London.

Court grants RadioShack, Sprint co-branding of retail stores

RadioShack can co-brand most of the company's remaining stores with Sprint after winning court approval. There are 1,740 remaining RadioShack stores, able to survive after RadioShack filed for bankruptcy earlier in the year.

 

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As part of the agreement, Sprint will provide a dedicated "store within a store" of the retail locations, as the company tries to solidify its No. 3 position in the wireless market.

 

US Bankruptcy Judge Brendan Shannon understands there are more than 7,000 jobs on the line and millions in investments at risk. Judge Shannon's recent decision could preserve those jobs and business agreements, which faced four days of court battle.

Continue reading 'Court grants RadioShack, Sprint co-branding of retail stores' (full post)

NVIDIA acquires Valve, announces Half-Life 3 release for 2016

NVIDIA has announced that it has acquired Valve for an undisclosed sum of money, securing the rights behind the digital distribution platform Steam, as well as original IP like Half-Life, Counter-Strike, Dota 2, and Left 4 Dead.

 

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NVIDIA has announced that Half-life 3 will be released on the 3rd of March 2016, or 3/3/16. It will be released onto the Steam VR-powered HTC Vive headset, as well as the Oculus Rift. It'll be released onto Windows and Steam OS, with full support for DirectX 12. We are going to see full PhysX built into it with a next-generation physics engine within the Source 2 engine.

 

Of course, this is only an April Fools Day fun post, but if I could make Half-Life 3 be announced, I would. I'm swimming in my own tears here.

PayPal founder: Companies should evaluate relationship with Indiana

Count PayPal founder Max Levchin as another Silicon Valley leader absolutely flabbergasted over the state of Indiana's "religious freedom" law. Supporters of the law say businesses are being given the right to freedom of religion, while critics say it could promote sexual discrimination against the LGBT community.

 

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"I encourage PayPal's new CEO and other CEOs in Silicon Valley to evaluate their relationship with the state of Indiana," said Levchin, speaking to CNBC Squawk on the Street. "If local laws and bills say that it is OK to discriminate, you have to make sure that you are protecting your employees and you keep them safe and comfortable."

 

Looking ahead, Levchin believes Gov. Pence must publicly clarify the law to help ease fears. "More businesses in America will evaluate their relationship with Indiana and ask the question: How should we feel about this state that does not seem to oppose discrimination strongly and in fact enshrines the right to discriminate in the law?"

Continue reading 'PayPal founder: Companies should evaluate relationship with Indiana' (full post)

Jay Z's Tidal online streaming music service has tough rivals

Jay Z has called upon music industry heavyweights to help invest in - and promote - the Tidal music service. Tidal is designed to compete with Pandora, Spotify, and other online music streaming services at a time when more users want streaming music - but trying to win over record labels has proven difficult.

 

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Tidal is supported by PCs, Macs, Google Android, and Apple iOS, with access available to more than 25 million songs and 75,000 music videos. Songs can be streamed in lossless format, promising sound quality up to four times better than rival services. Subscriptions cost $9.99 or $19.99 per month, with free trials available.

 

Unlike many other online music streaming services, it looks like Tidal has more support from the music industry.

Continue reading 'Jay Z's Tidal online streaming music service has tough rivals' (full post)

Intel rumored to acquire FPGA giant Altera for $10 billion

Intel is preparing one of its largest acquisitions to date, with Altera. Altera is a well-known manufacturer of SoC and FPGAs, and could seriously bolster Intel's already strong position in the market.

 

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The rumored acquisition would give Intel even more control of the server market, of which it already dominates with 98% market share. Datacenters are moving toward FPGA-based products, as they are reprogrammable chips that can run specific tasks faster than Intel's own chips on their own. Microsoft and Baidu are already shifting into Altera's FPGA chips, alongside Intel's own chips with good results.

 

Considering Intel manufacturers Altera's FPGAs, Intel acquiring the company could see them integrating FPGA onto their chips for additional performance. One of the big reasons for Intel to splash out $10 billion on Altera is that companies like Microsoft and Baidu could integrate FPGA with ARM-based solutions, which is Intel's biggest threat right now. Patrick Moorhead of Moor Insights & Strategy said: "If Intel owns Altera, the chance of that happening is zero percent".

PayPal adjusting strategy, needs to close the gap in mobile payments

Google, Apple and other companies want to grab control of the mobile payments market, and there is suddenly a lot of competition. PayPal, which is preparing to spin off from eBay, is looking for options in an evolving mobile payments system - and could push its own mobile wallet while working on it increasing its own payment infrastructure.

 

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PayPal has worked on digital wallets, mobile payments and its own point-of-sale (POS) terminal for years, but must adapt to changing times. The company powers transactions for Airbnb, Uber, Houzz and others, working relatively quietly and out of the public spotlight.

 

"While other vendors need to gain consumers' trust, PayPal needs to come first of mind when it comes to mobile, as I do not think your average users naturally think of them," said Carolina Milanesi, chief of research at Kantar Worldpanel, in a statement published by The Street.

Russia teases new trans-Siberian highway from New York to London

The Siberia Times is reporting that Russian Railways' President, Vladimir Yakunin, has proposed a plan to build a gigantic trans-Siberian highway that would stretch from London, to New York.

 

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The project has been called the Trans-Eurasian Belt Development, or TEPR, which would see a major highway constructed alongside the existing Trans-Siberian Railway, right next to a new train network, and oil and gas pipelines. Siberian Times quoted Yakunin as saying: "This is an inter-state, inter-civilization, project. The project should be turned into a world 'future zone,' and it must be based on leading, not catching, technologies".

 

Yakunin has said that the proposed TEPR would run across the entirety of Russia, linking up to the existing road systems found in Western Europe and Asia. Yakunin also added that it would connect Russia directly with North America through its own far eastern Chukotka region, and then across the Bering Strait, through to Alaska's Seward Peninsula.

Continue reading 'Russia teases new trans-Siberian highway from New York to London' (full post)

Intel veteran leaves the chip maker after 33 years

The man behind some of Intel's biggest technologies such as Centrino, the Pentium M processor, Core 2 and even the Pentium MMX has left the company. Shmuel "Mooly" Eden was the Senior Vice President of Intel Israel, leaving the company after 33 years to "seek new challenges".

 

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Mooly held various technical and management positions with the chipmaker throughout the three decades, where he says: "I have had the privilege to lead many Intel groups in a long line of jobs. Beyond that I was privileged to work with creative people who over the years became good friends". Eden joined the company back in 1992, where he was quickly put to work on the new Pentium MMX processor at the time.

 

After that, he worked on Centrino, and is considered the 'father' of the original Pentium M, as well as the Core 2 Duo which saw Intel doing incredibly well from 2003-2010. From 2009-2012, Eden was the Vice President and General Manager of the PC Client Group for Intel, where he was in control of platform planning, architecture, enabling and marketing Intels' PC solutions for the desktop, as well as mobile computing solutions.

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