Items tagged with Business

Sony and Olympus are kicking off the weekend by entering into a "business alliance agreement" and a "capital alliance agreement," which are essentially fancy ways of announcing a big time investment of one into the other. In this case, Sony is tossing about $645 million at Olympus in order to become the company's largest shareholder. After... Read more...
The number of brick-and-mortar electronics shops available to do-it-yourself (DIY) system builders and consumer electronics (CE) junkies has fallen dramatically in the past several years. First it was Good Guys that fell by the wayside in 2005, then CompUSA that sunk itself into financial trouble a year later before being bought out by Systemax,... Read more...
Not even a week after Apple held a press event to announce the iPhone 5 (and new iPod models), the company's share price has shot up and above the $700 mark, ending the day at $702.10 on Wednesday. Apple's market capitalization now sits at $658.15 billion, an obscenely high valuation that underscores the legacy Steve Jobs left behind. Credit... Read more...
With each quarter that passes, it's clear Lenovo knows how to run a business. A little less than three weeks ago, Lenovo announced it had raked in more than $8 billion in revenue and $141 million in profits during its first financial quarter, representing year-over-year gains of 35 percent and 30 percent, respectively. The company is outpacing... Read more...
"Nothing lasts forever," as the saying goes, and the time has come to wave goodbye to a staple of the photography industry. Eastman Kodak has announced intentions to sell off the film business that made it an icon around the world. In an effort to raise cash for itself (and perhaps fund ongoing digital patent battles), its traditional print-film... Read more...
An unlikely partnership was formed when HTC acquired a controlling interest in Beats Audio, the headphone company co-founded by hip-hop/rap artist Dr. Dre. In August 2011, HTC purchased a 51 percent stake for $300 million and promptly gave itself exclusive rights to build smartphones with Beats Audio sound. That arrangement worked well for... Read more...
Advanced Micro Devices (AMD) saw its share price drop by more than 8 percent after announcing preliminary second quarter financial results with lower than expected sales numbers. The chip designer told investors it expects revenue to dip around 11 percent sequentially in Q3, which is in sharp contrast to a previous... Read more...
It's really not a great time to be in retail consumer electronics sales. Or maybe it's just not a great time to be Best Buy. The United States' largest consumer electronics retailer hasn't had a great year, with its CEO stepping away and sales / profits sliding. Now, it's taking measures to ensure that it doesn't slip... Read more...
Micron Technology, founded in 1978 in Boise, Idaho and one of the state's largest employers, announced it has signed a definitive agreement to acquire struggling Elpida Memory in a deal worth $2.5 billion. Under terms of the agreement, Micron will acquire a 100 percent stake in Elpida in exchange for a lump sum cash... Read more...
Quick, someone queue up Neil Sedaka's "Breaking Up Is Hard To Do," because that song describes how LinkedIn must be feeling after Twitter decided it was time to end their two-and-a-half-year partnership and move on. "Consistent with Twitter’s evolving platform efforts, Tweets will no longer be displayed on LinkedIn starting later today,"... Read more...
T-Mobile announced two new suites of mobile broadband data plans that are designed with businesses in mind. The new plans offer the choice of predictable monthly billing with no overage fees or high-speed access plans with pre-determined rates. The predictable monthly billing plans will slow data transmission speeds when the monthly data allotment... Read more...
New research suggests that higher ups holding positions in senior management either don't know where their company's data resides, or aren't sure. That might not be surprising to folks who find themselves continually frustrated trying to communicate with decision makers who seem disconnected from day-to-day... Read more...
Amazon founder and chief executive officer, Jeff Bezos, once held a job flipping burgers at McDonald's. Today his net worth is estimated at $20.2 billion, making him the richest Internet entrepreneur in the entire world. He's far from the only one to have made billions on the Internet, however, as there are at least... Read more...
At nearly $590 per share, you might be wondering how you can afford to purchase shares of Apple (AAPL), especially in this economy. But if you have money to invest, a better question to ask is how can you afford not to purchase Apple stock? That might sound absurd, but in a note to investors, Topeka Capital Market's Brian White reiterated... Read more...
Job cuts in the tech industry has become an all too common theme in the past couple of years, and the latest round of redundancy reductions is set to take place at Logitech. The peripheral maker announced plans to restructure its operations and simplify its organization to "better align costs with its current business... Read more...
So, this is interesting. Evidently, making $1.6 billion in pure profit in a quarter isn't enough to justify keeping 27,000 on the payroll. It's obviously never that easy, nor that cut and dry, but HP is choosing a quarter where it profited more than some companies will ever gross to suggest that job cuts are in the... Read more...
Despite all the lawsuits with Apple and bickering over patent claims, injunctions, and all the other behind the scenes drama, Samsung has hit its stride, posting record quarterly operating profit of 5.8 trillion won ($5.13 billion in United States currency). That's up from 2.95 trillion won ($2.6 billion) from one year ago, and up from 5.3... Read more...
Yahoo today confirmed plans to hand out around 2,000 pink slips to its employees, which is roughly equivalent to 14 percent of its workforce. The planned layoffs are an attempt to turn things around at Yahoo in a massive reorganization effort led by the company's new CEO, Scott Thompson, the former PayPal president who joined Yahoo in January... Read more...
Sonic the Hedgehog could use a big hug right about now, and so could everyone else at Sega. After holding a meeting with the company's Board of Directors, Sega this weekend decided it was time to restructure its operations in order to cope with a "challenging economic climate" and adapt to "significant changes in the home videogame software... Read more...
Slumping PC sales and a struggling economy have done nothing to stifle Intel's swagger, and in fact the Santa Clara chip maker is sitting pretty with its highest annual market share in more than a decade, according to data compiled by IHS iSuppli.The leading chip maker grew its overall semiconductor market share from... Read more...
Job security is tough thing to come by these days, a fact that resonating in various departments at International Business Machines (IBM), the third-largest publicly traded technology company in the world and the largest computer services supplier on the planet. Despite its credentials and standing in the global... Read more...
Shares of Apple rose to above $500 for the first time ever on Monday, continuing a rally that began over two weeks ago when the Cupertino outfit reported record quarterly revenue of $46.33 billion and record quarterly net profit of $13.06 billion, or $13.87 per diluted share. Those and other positive figures weren't... Read more...
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