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Samsung To Ramp Up US Mobile Chip Production With $1 Billion Investment

Samsung has announced plans to expand its U.S. mobile chip production facilities by investing $1 billion starting early next year. The decision was made despite revenue loss following the discontinuation of the Galaxy Note 7.

Business November 1, 2016

Forget Ugly Solar Panels: Elon Musk Wants The World To Use Tesla's Solar Roof Tiles

Tesla has revealed its new solar roof tiles that can replace the ugly-looking traditional solar panels. The company aims to start installing the novel solar roof tiles as early as next summer.

Business October 29, 2016

Pornhub Offers To Buy Vine And Restore It To Its 'NSFW Glory'

Twitter's shutdown of Vine stirred plenty of mixed reactions. Among the unexpected ones, Pornhub just offered to buy Vine and restore it to its 'NSFW glory' as 'six seconds is more than enough time for most people to enjoy themselves.'

Business October 29, 2016

Comcast Shares Drop Despite Subscriber Increase, AT&T New $35 DirecTV Now Bundle Worries Investors

Comcast just released a stellar earnings report with a healthy jump in subscriber numbers. Share prices of the company still dropped, however, on investor concerns about competition from AT&T’s newly announced $35 DirecTV Now bundle.

Business October 29, 2016

Samsung Sees Q3 Operating Profit Sink Because Of Galaxy Note 7 Fiasco, Promises Quick Mobile Division Rebound

Samsung saw its operating profit for the third quarter slump by 30 percent because of the explosive Galaxy Note 7. The company promised a quick rebound for its mobile division though, amid the strong performance of its components businesses.

Business October 27, 2016

Tesla Motors Books First Quarterly Profit In More Than 3 Years: No Extra Capital Needed for Model 3 Production, Elon Musk Says

Tesla Motors reported a net income of $21.9 million for the third quarter, marking the first profitable quarter for the company since early 2013. It is also on track to meet its target of 80,000 electric vehicles produced this year.

Business October 27, 2016

AT&T DirecTV Now Streaming Service Launching Soon At $35 Per Month To Disrupt Cable TV

AT&T dropped a bomb on the cable television market, announcing the launch of its DirecTV Now online streaming service. Aggressively priced at $35, DirecTV Now will sport more than 100 channels to offer a cheaper alternative to cable TV.

Business October 26, 2016

Twitter Job Cuts: Here's Why 300 Twitter Employees Are In Danger Of Losing Their Jobs Soon

Twitter might sack up to 300 employees, according to the latest reports. Read on to know the reasons for the radical axing of the company’s workforce and to find out Jack Dorsey’s plans for the near future.

Business October 25, 2016

Nielsen To Measure On The Go TV Viewing Ratings Via Mobile Portable People Meters

Nielsen has announced that it will begin measuring out-of-home TV viewing via portable people meters. The viewing tallies will eventually be integrated into the company’s overall ratings figures.

Business October 25, 2016

T-Mobile Adds 2 Million Customers As AT&T And Verizon Customers Decline

T-Mobile increased both customers and profits for the third quarterly thanks to factors like the release of Apple’s iPhone 7 as its competitors lost customers.

Business October 24, 2016

Donald Trump To Block $85 Billion AT&T Time Warner Acquisition If He Becomes President

AT&T wants to buy Time Warner for $85.4 billion, but it may face some tough opposition. Donald Trump said that if he becomes president of the United States following the Nov. 8 elections, he would block AT&T's deal.

Business October 24, 2016

Samsung To Invest $296 Million In India Expansion: Noida Plant To Double Manufacturing Capacity

Samsung Electronics will pour $296 million into expansion plans in Uttar Pradesh in India. The venture will double the company's manufacturing capacity, provide jobs to more citizens and give bonafide individuals free Samsung smartphones.

Business October 20, 2016

T-Mobile FCC Settlement: Uncarrier To Pay Hefty $48 Million Fine For Misleading Unlimited Data Customers

T-Mobile has reached a settlement with the FCC and agreed to pay $48 million for misleading customers to believe its unlimited data plans were truly unlimited, when in fact customers faced throttled speeds after exceeding a certain monthly data threshold.

Business October 19, 2016

VP Tim Cook? Apple CEO Was On List Of Possible Hillary Clinton Running Mates, Alongside Bill Gates

According to leaked emails from Hillary Clinton's campaign manager John Podesta, Apple CEO Tim Cook and Microsoft cofounder Bill Gates were considered to be Clinton's running mates. More emails will be revealed by WikiLeaks over the coming days.

Business October 19, 2016

Yahoo Beats Analyst Estimates For Q3 Earnings, Shows Usage Increased After Data Breach Disclosure: Is The Company Going Strong Or Just Hiding The Cracks?

Yahoo reported earnings of 20 cents per share in the third quarter, beating analyst estimates of 14 cents per share. Is the company going strong into the planned Verizon acquisition, or are there cracks that are being hidden?

Business October 18, 2016

Amazon Plans To Offer Internet Service In Europe: Another Way To Sell Prime?

Amazon is reportedly planning to set itself up as an internet service provider in Europe, expected to offer a bundled data plan that includes Amazon Prime. No word yet if same plans will apply in the United States where network regulations are more rigid.

Business October 19, 2016

Samsung Will Compensate Suppliers Of Galaxy Note 7 Components As Fallout Of Exploding Smartphone Continues

Samsung will compensate suppliers of Galaxy Note 7 components for both manufactured and unfinished parts. The statement comes amid the fallout of the decision to stop production and sales of the controversial smartphone.

Business October 19, 2016

Video Game Brand Razer Acquires Audio Company THX In Ambitious Expansion Across Entertainment Industry

Video game brand Razer revealed that it is acquiring audio company THX, though details were not disclosed. The purchase presents Razer's ambitious plans of expanding into the wider entertainment industry.

Business October 17, 2016

Netflix On The Rise Thanks To 'Narcos' And 'Stranger Things': Record Revenue And Impressive Subscriber Growth

Netflix has posted strong third quarter results driven by 'Stranger Things' and 'Narcos.' The company saw record revenue as well as impressive subscriber growth far better than expected.

Business October 18, 2016

Tesla Motors Reveals Collaboration With Panasonic For Solar Panel Production: Prelude To SolarCity Merger

Tesla Motors has revealed a possible collaboration with Panasonic on the production of solar panels at SolarCity's Gigafactory. The agreement could showcase what the combined Tesla Motors and SolarCity is capable of.

Business October 17, 2016

Salesforce CEO Says Twitter Is Not 'The Right Fit,' No Deal: Twitter Shares Tumble

Twitter is bleeding suitors, as Salwsforce is officially out of the race. Salesforce CEO Marc Benioff confirmed that his company is not interested in acquiring Twitter, arguing that it's not 'the right fit.'

Business October 14, 2016

Former Rivals Amazon, VMware Team Up To Offer More Powerful Computing Cloud: Will More Businesses Make The Jump?

Amazon and VMware have teamed up to create a service known as VMware Cloud on AWS. The service will allow customers to run computing operations on their own data centers or in the cloud.

Business October 14, 2016

HP Spectre And Envy Updates May Turn Things Around, But HP Job Cuts Are Inevitable: Up To 4,000 Layoffs Planned

HP announced that it will cut between 3,000 and 4,000 jobs over three years, in a bid to offset sluggish PC demand. The layoffs will be across the board, and 1,000 of those positions could be outsourced.

Business October 13, 2016

Amazon Holiday Season Hiring: 120,000 Temporary Workers Needed

As its rival U.S. retailers are planning to scale back on holiday workers this year, Amazon announced that it will be hiring more than 120,000 workers for the holiday season.

Business October 13, 2016

Samsung Expects Massive Impact From Galaxy Note 7 Fiasco: Q3 Profit Forecast Lowered By $2.3 Billion

Samsung has lowered its expected third quarter operating profit down to only 5.2 trillion won, from the previously forecast 7.8 trillion won. The sharp turnaround was caused by the inclusion of costs connected with the Galaxy Note 7 shutdown.

Business October 13, 2016

Tesla Might Open Up Its Own Bank, As Model 3 Pre-Orders Rank Record Numbers

Elon Musk hinted that a surprise is in store from Tesla, on Oct. 17. Rumors roam free about the announced 'products,' but chances are that the company is preparing to roll out its own bank.

Business October 13, 2016

Sprint Looking To Cash In $3.5 Billion By Putting Up Over 10 Percent Of Its Wireless Airwaves As Collateral: Why Does It Have To?

Sprint will be putting up just over 10 percent of its wireless airwaves as collateral in a capital raising for $3.5 billion. Why does the carrier need to raise that much cash?

Business October 12, 2016

Samsung Galaxy Note 7 Discontinuation Deals Heavy Blow: Estimated $17 Billion In Lost Sales

Samsung has recalled the Galaxy Note 7 for the second time, and it may deal a heavy blow to the company. The Galaxy Note 7 fiasco could burn a $17 billion hole in Samsung's pocket, not to mention damage its brand and reputation.

Business October 11, 2016

Sprint 1Million Project Pledges Free Wireless Devices And Service To Bring One Million Disadvantaged Kids Online

Sprint has announced a new initiative called the 1Million Project, which aims to deliver free mobile devices and high-speed internet connectivity to one million underprivileged high school students in the United States.

Business October 11, 2016

Twitter Stock Falls As Potential Buyers Lose Interest In Acquisition: What's Next For The Social Media Platform?

The price of Twitter's shares have plunged after reports that potential buyers have decided to not make a bid for the social media platform. What will come next for Twitter and its CEO Jack Dorsey?

Business October 11, 2016

John Legere Says Verizon Is In A 'Hilarious' Situation: What Made The T-Mobile CEO Say That?

T-Mobile CEO John Legere, known for his colorful criticisms especially against rivals in the telecommunications industry, said that Verizon is in a "hilarious" situation. Can you guess why Legere said that?

Business October 9, 2016

Snapchat Reportedly Preparing For $25 Billion IPO: Big Push Back Against Facebook Looming And Here's What To Know

As Snap Inc., the parent company of mobile messaging app Snapchat, allegedly readies for an IPO worth $25 billion, the future looks bleak for rival Facebook. The rumor that Snap is looking to make inroads into VR and AR could be worrying for Facebook.

Business October 7, 2016

Oculus Conference Keynote: Why Oculus Founder Palmer Luckey Was Nowhere To Be Found

Palmer Luckey, the founder of Oculus was missing in action at the annual Connect developer conference of his company. There are serious reasons why Luckey chose to let others do the talking, and we lined them up for you.

Business October 8, 2016

Samsung Expects Operating Profit Increase In Q3 Despite Global Galaxy Note 7 Recall: How Is That Possible?

Samsung is expecting a 5.6 percent year-over-year increase in its operating profit for the third quarter to 7.8 trillion won ($7 billion). How is that possible, given the financial impact of the company's Galaxy Note 7 recall program?

Business October 7, 2016

Snapchat Going Public? Parent Company Reportedly Planning March IPO At $25 Billion Valuation

Snap Inc. is reportedly planning to go public in late March 2017, at a valuation of $25 billion or more. Should this IPO occur, it would mark the biggest company to go public on the U.S. exchange since 2014.

Business October 7, 2016

LinkedIn Launches Open Candidates: Look For Jobs Discreetly, Without Tipping Off Your Boss

Looking for a new job, but don't want your current boss to find out? LinkedIn wants to help through Open Candidates, a new service to help users seek new employment opportunities without tipping off their current employer.

Business October 6, 2016

T-Mobile CEO John Legere Celebrates 3 Million Twitter Followers By Promising To Send Someone To Mars

T-Mobile CEO John Legere has reached 3 million followers on Twitter. In celebration, he has offered to give away a variety of prizes, including a trip to Mars on a SpaceX rocket.

Business October 6, 2016

Samsung Acquires Viv: Why The South Korean Brand Wants The Team Behind Siri

Samsung acquires Viv Labs, a startup founded by the creators of Siri. The company has developed Viv, a technology touted as an intelligent interface for everything, one that can also handily beat Apple's virtual assistant.

Business October 6, 2016

Amazon Continues Crackdown On Biased Reviews: No More Free, Discounted Products For Reviewers

Amazon has now banned reviews on its platform that give reviewers free or discounted products. Named incentivized reviews, they will now only be allowed under the Amazon Vine program.

Business October 4, 2016

Facebook Marketplace To Challenge Craigslist, eBay: How Is It Different From Other Online Commerce Channels?

Facebook Marketplace is a new service that aims to make it easier for users to engage in peer-to-peer trades within their local community. How does it compare to other online commerce channels such as Craiglist and eBay?

Business October 4, 2016

Facebook Plans To Build Data Center In Denmark

Facebook is purportedly expanding its network of overseas data centers, and it's eying Odense, Denmark for the next deployment. The facility should be larger than the massive existing data center in Luleå, Sweden, according to construction documents.

Business October 4, 2016

Tesla Electric Car Deliveries At 24,500 In Q3: 70 Percent Increase From Previous Quarter

Tesla has recorded a 70 percent increase in electric vehicle deliveries, ballooning up to 24,500 in Q3 from last quarter's 18,345. This brings the company a step closer to its goal of delivering 50,000 vehicles at the second half of 2016.

Business October 3, 2016

Facebook COO Sheryl Sandberg Maps Out The Future Of Mobile Advertising

Facebook recently hit the milestone of 4 million active advertisers, and the social network’s chief operating officer, Sheryl Sandberg explained why mobile is the medium for the ads of the future.

Business October 3, 2016

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