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PlayStation Had Its Best Year With 20M PS4 Units Shipped, But Sony Predicts A Decline

Sony's PlayStation registered its best year ever, with the PS4 shipping 20 million units for an impressive total of 60 million. For the current fiscal year, however, Sony predicts a decline in PS4 shipments.

Business Tech

Uber's Anthony Levandowski Steps Down As Self-Driving Chief As Waymo Lawsuit Intensifies

Uber’s head of self-driving, Anthony Levandowski, is stepping away from LiDAR-related work, according to his email to employees. The move is the latest in Google and Uber’s high-profile legal battle.

Business Tech

Southwest Airlines Promises No More Overbooked Flights: Change Can Happen As Soon As Next Month

Southwest Airlines CEO Gary Kelly said that the company will soon end the practice of overbooking flights. According to spokeswoman Brandy King, the move could happen as soon as May 8.

Business Tech

Nintendo Switch Sales Revealed And It's A Hit: 2.74M Units Sold Already, 10M Expected Next Year

Nintendo released its earnings report for FY2016 and the Switch console is off to a strong start. Nintendo reports 2.74 million Switch units sold already and expects to sell 10 million units next year.

Business Tech April 27, 2017

Samsung Posts Best Quarterly Profits Since 2013, Expects Strong Q2 Riding On Galaxy S8 Success

Samsung reported its strongest quarterly results since 2013, fueled by its lucrative semiconductor business. Looking ahead, the company expects strong Q2 results as well, riding on the Galaxy S8 success.

Business Tech

Uber Engineer's Fifth Amendment Argument To Keep Documents From Waymo Legal Bout Denied, Appeals Court Rules

The U.S. Court of Appeals has ruled that Anthony Levandowski’s pleading of the Fifth Amendment cannot keep Uber from holding the Waymo documents. Levandowski is a former Waymo employee accused by Waymo for stealing documents.

Business Tech April 26, 2017

Lyft Drivers Sue Uber Over Alleged Hell Spyware: Complaint Details How Uber Gained Competitive Edge Through Illegal Tracking

Uber might face a class-action lawsuit. The plaintiff claims Uber broke a number of privacy laws by secretly spying on Lyft drivers to gain business advantage, allegedly done through its Hell program.

Business Tech April 25, 2017

Yahoo CEO Marissa Mayer Will Not Join Oath After Verizon Acquisition, But She Will Be $186 Million Richer

Yahoo CEO Marissa Mayer will make her departure in June, as she was not tapped to join the executive team of Oath. Mayer, however, will make $186 million upon the completion of Yahoo's sale to Verizon.

Business Tech April 25, 2017

Spotify Hardware In The Works? Job Posting Reveals Ambition To Create Wearables, Smart Home Devices

A job listing revealed that Spotify is thinking about getting into the hardware business. The device that the music streaming service is planning is apparently inspired by the Snap Spectacles, the Amazon Echo, and the Pebble Watch.

Business Tech April 25, 2017

Oregon Teen Sells $1 Million Worth Of Custom Socks: Here's How He Did It

A teenager from Sherwood, Oregon built his custom sock business from scratch. Find out what it took for it to become the million-dollar success it is today.

Business Tech April 24, 2017

San Francisco Power Outage Caused By Failure Of Circuit Breaker: Here's What Happened

Many were alarmed when San Francisco became part of the multi-city power outage on April 21, but officials say there is nothing to fear. Official statements blame fire for the blackout.

Business Tech April 22, 2017

Tesla Faces Class-Action Lawsuit Over Autopilot Capabilities

Law firm Hagens Berman filed a class-action lawsuit against Tesla over autopilot capabilities. The lawsuit claimed that the company failed to deliver the promised Enhanced Autopilot to consumers and misled them.

Business Tech April 20, 2017

Trump’s ‘Buy American, Hire American’ Executive Order Limits Visa Program For Tech Workforce

Under the ‘Buy American, Hire American’ initiative, President Donald Trump signed an Executive Order targeting the H-1B work visa program. This could bring significant changes for the tech companies contracting highly skilled immigrant workforce, altering the visa allocation system.

Business Tech April 20, 2017

Verizon Inks Agreement With Corning For Optical Fiber Deal Worth $1.05 Billion

Verizon is banking on Corning’s fiber optics technology to improve its wireless broadband infrastructure. The deal will last from 2018 until 2020.

Business Tech April 19, 2017

Former Microsoft CEO Steve Ballmer Outs USAFacts To Make Government Spending And Other Data More Transparent

Steve Ballmer has taken on government transparency next, having outed his newest venture, USAFacts. It’s a site where government revenue, spending and other related data are centralized and presented in an intuitive way.

Business Tech April 19, 2017

Malaysia Airlines: First Major Airline To Use Satellite Technology To Track Own Fleet

Malaysia Airlines will be the first airline to use space-based satellite technology to track its planes. Malaysia Airlines is still reeling from the 2014 disaster when its Flight 370 disappeared in the Indian Ocean.

Business Tech April 19, 2017

PayPal Customers Can Soon Make In-Store Payments With Android Pay

PayPal announced a new partnership with Android Pay on April 18. PayPal customers will soon be able to make in-store payments with Android Pay, wherever it is accepted.

Business Tech April 19, 2017

Starbucks Releases Its New Unicorn Frappuccino And It’s As Magical As You’d Expect

Check out the latest mythically inspired drink by Starbucks: the Unicorn Frappuccino. This tasty creation changes color and flavor as you stir it, and is only available until April 23.

Business Tech April 19, 2017

Uber App In New York City May Soon Include A Tipping Option

The New York City Taxi and Limousine Commission proposed mandatory inclusion of a tipping option for all hired drivers. If the proposal gets approved, Uber will be forced to implement the tipping option on its app.

Business Tech April 18, 2017

Google, Huawei May Soon Face Class-Action Lawsuit Over Nexus 6P Early Shutdown, Bootloop Issues

A U.S.-based law firm is looking to put together a class-action lawsuit against Google and Huawei for the reported early shutdown and bootloop issues of the Nexus 6P. Affected users are highly recommended to participate in the lawsuit.

Business Tech April 17, 2017

Apple To Invest Billions In Toshiba Chip Division, Potentially Rescuing It: Report

Amid Toshiba’s suffered losses and news surrounding the sale of its semiconductor unit, Apple might be coming to the rescue. Reports suggest that Apple is interested in bidding for the unit, potentially handing it around 30 percent stake.

Business Tech April 15, 2017

This Man Is The Highest Paid Person In Amazon, And He’s Not Jeff Bezos

Amazon has disclosed its executive earnings for 2016. And the top-salaried employee is not CEO Jeff Bezos, but Web Services chief Andrew Jassy.

Business Tech April 14, 2017

T-Mobile Bids $8 Billion At FCC Airwaves Auction: Un-Carrier Now In Position To Topple AT&T, Verizon

T-Mobile bid nearly $8 billion at the recently concluded auction for broadcast airwaves spectrum by the FCC. The wireless licenses that the Un-Carrier acquired would allow it to further challenge, and possibly outmuscle, AT&T and Verizon.

Business Tech April 14, 2017

Uber Loses Rachel Whetstone, Head Of Communications, Amid Company Woes And High-Profile Exits

Uber’s head of communications Rachel Whetstone has chosen to leave the company for undisclosed reasons. Her exit follows several high-profile exits at Uber in recent months, alongside publicized scandals about the company’s bleak workplace culture.

Business Tech April 12, 2017

AT&T Acquires Straight Path For $1.6 Billion, Paves Way For 5G

AT&T has announced the acquisition of Straight Path Communications for $1.6 billion, solidifying its position as one of the industry's forerunners of 5G technology.

Business Tech April 11, 2017

Apple Qualcomm Lawsuit Over Royalties Escalates As Chipmaker Files Countersuit

Qualcomm has fired back at Apple, escalating the legal dispute over royalties by filing a countersuit. The fight is heating up and Qualcomm says Apple played dirty, so here's what you need to know.

Business Tech April 11, 2017

Tesla Claims Throne As America's Most Valuable Carmaker From General Motors

Tesla has surpassed General Motors as the most valuable automobile manufacturer in the United States, with a market cap of $51.5 billion. The company's rise shows the increasing focus on electric vehicles and powerful software.

Business Tech April 11, 2017

Microsoft Acquires Kubernetes Orchestration Specialist Deis To Step Up Its Container Game

Microsoft has just announced plans to acquire Deis, a company which has popular tools for building and managing applications via the Kubernetes container system. More than the technology, however, Microsoft's purchase will also bring in talents.

Business Tech April 11, 2017

FCC Chairman Junks Proposal To Allow In-Flight Voice Calls Using Mobile Phones

FCC Chairman Ajit Pai junked the proposal of his predecessor, Tom Wheeler, to allow airline passengers to make phone calls while in flight. Pai said that the proposal is ill-conceived and not in the public interest.

Business Tech April 11, 2017

LeEco And Vizio $2 Billion Deal Not Happening Because Of Regulatory Concerns

LeEco’s planned $2 billion acquisition of Vizio will not follow through because of regulatory hurdles. For now, it’s unclear how LeEco will make a name for itself stateside.

Business Tech April 10, 2017

Good Time To Fly? New Report Lauds US Airlines For Improved Performance

U.S. airlines generally had a better performance last year, according to the results of Airline Quality Rating 2016. Find out how the airlines fared in terms of baggage handling, flight arrivals, and government-filed complaints.

Business Tech April 10, 2017

Tesla’s Advanced Automation Group Cancels All Existing Contracts To Focus On Model 3 Production

Tesla Advanced Automation Germany steers all efforts into Model 3 production, canceling all existing contracts with other car manufacturers and outside clients in the process.

Business Tech April 14, 2017

Netflix To Bid Farewell To 2 Longtime Senior Management Officers In July

Two veteran senior management officials are leaving Netflix amid the streaming service’s continuing global expansion. Netflix Japan's Greg Peters will take over as chief product officer.

Business Tech April 14, 2017

Uber Banned In Italy As Court Sides With Taxis, Says It's 'Shocked' By The Ruling

Uber has received a heavy blow in Italy, as a nationwide ban gives it 10 days to cease all operations in the country. Uber says it's 'shocked' by the court's decision.

Business Tech April 8, 2017

Samsung Announces High Profit Estimates For Q1 2017

Samsung Electronics released its estimated earnings guidance for the first quarter of 2017. The report was released one week after the launch of the company's flagship Galaxy S8 and Galaxy S8+ smartphones.

Business Tech April 7, 2017

Australian Regulator ACCC Sues Apple Over 'Error 53' iPhone Bricking

Australian watchdog ACCC has sued Apple in Federal Court, accusing the company of making deceptive, misleading and false representations about consumers's rights. The dispute is tied to how Apple handled 'error 53' iPhone bricking cases.

Business Tech April 6, 2017

Pay Gap In Medicine: Female And Minority Doctors Earn Much Less Than Their Peers

According to Medscape’s Physician Compensation Report for 2017, male primary care doctors earn more than their female counterparts. The gender pay gap in medicine is also seen in those with specializations and among ethnic groups.

Business Tech April 6, 2017

Boeing, JetBlue Invest In 'Tesla For The Air' Startup Zunum Aero: Hybrid Electric Airplane By 2020s?

Boeing and JetBlue made separate investments into Zunum Aero, a startup described as 'Tesla for the Air.' The company is looking to significantly reduce the costs of short-haul flights through the development of hybrid electric aircraft.

Business Tech April 6, 2017

Twitter Loses Out To Amazon Over $50 Million NFL Thursday Night Football Streaming Deal

Amazon has officially inked a deal with NFL to stream Thursday Night Football games live on Amazon Prime. It beat out Twitter, which streamed last year’s games as a way to boost its live video platform.

Business Tech April 5, 2017

Tesla Surpasses Ford Market Value As Stock Borders On $300: Here Are The Factors Driving Company's Growth

Tesla's market value officially outpaces Ford because of the record vehicle deliveries in Q1 of 2017, with the electric car maker's stock bordering on $300.

Business Tech April 4, 2017

Yahoo, AOL To Merge Into New Company Named 'Oath' After Verizon Acquisition

After the completion of the acquisition by Verizon, Yahoo and AOL will merge to form a new company named Oath. The name, first reported by Business Insider, was later confirmed by AOL CEO Tim Armstrong.

Business Tech April 3, 2017

#20PercentCounts: Sheryl Sandberg-Led LeanIn.Org Launches Equal Pay Day Campaign

Lean In marks this year’s Equal Pay Day through an innovative campaign called #20PercentCounts. Dedicated to women, who typically earn 20 percent less than men, this campaign offers the same percentage in shopping discounts.

Business Tech April 3, 2017

Samsung Plans To Spend $8.9 Billion To Beef Up OLED Production

Samsung is planning on spending $8.9 billion to increase OLED production and meet the demand of the market, which includes the alleged deal with Apple for 160 million panels that'll be fitted on the iPhone 8.

Business Tech April 3, 2017

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