Industry News Archives - Page 79 of 84 - Stuff

Industry News

Chinese regulators approve Google’s purchase of Motorola Mobility

Google and Motorola Mobility have received the final approval needed for the company’s $12.5 billion purchase of Motorola Mobility to go ahead. Approval by the Chinese regulator was all that was required for the purchase to be completed and this has now been granted. Motorola Mobility said in a statement “We are pleased the deal has received approval in all jurisdictions. We expect to ...[Read More]

Vodacom’s 2011 preliminary growth figures released

Vodacom has released stats on their financial performance and growth for the the year ending 31 March 2012. The company’s group service revenue and group EBITDA have increased by 7.8% and 10.5% respectively, while there was a 54.3% increase in the total dividend per share (up to 710 cents). Vodacom’s customers increased over the period by 29.9%, adding 11 million new clients to their u...[Read More]

Facebook raises $16 billion with IPO, spanks Google’s 2004 effort

Today is the day that investors find out what Facebook is made of when the company starts publicly trading. Facebook is offering 421,233,615 shares at $38 a pop and by all accounts has raised over $16 billion in funds for the company. This amount is made up for $3.91 billion in cash holdings, a $5 billion credit line that was secured earlier this year and $6.84 billion from the sale of shares yest...[Read More]

HP restructuring, up to 30,000 jobs on the block

Hewlett-Packard will be restructuring soon, according to reports, and sources say that CEO Meg Whitman will be discussing the possible elimination of around 30,00 jobs from the company. A report yesterday from Business Insider claimed that between 10 and 15% of HP’s 320,000-strong workforce stood to lose their jobs. More recent reports suggest that 25,000 employees face being made redundant ...[Read More]

Apple looking to take on Instagram with iCloud update

Apple is reportedly working on an update to its iCloud service that will feature functionality similar to that of the recently-acquired-by-Facebook Instagram photo-sharing service. The update is expected to be officially announced in June at Apple’s World Wide Developers Conference, according to the original Wall Street Journal report. The report cited unnamed sources who claimed that the up...[Read More]

Google vs. Oracle patent phase finishes today

The legal teams representing both Google and Oracle will be presenting their closing arguments for the second phase of the case which aims to determine whether Google infringed on Oracle’s copyright when the Android OS was developed. Oracle has already won a few small victories but the case has not developed as they had hoped. The jury in the first phase of the trial found that Google had in...[Read More]

Google and Twitter questioned regarding Facebook’s Instagram purchase

Google and Twitter have been approached by the US Federal Trade Commision (FTC) regarding Facebook’s recent $1 billion Instragram purchase according to a report from Reuters, which cited a source familiar with the probe. It was not immediately clear what information the FTC was seeking from the two companies, the source said, but it is customary for the FTC to review purchases that are over ...[Read More]

Facebook co-founder renounces US citizenship

Facebook co-founder Eduardo Saverin has renounced his US citizenship ahead of the company’s upcoming IPO (initial public offering) which is set to happen this Friday. Saverin, who is originally from Brazil, started the process of renouncing his citizenship in September last year but this was only made public when America’s IRS released a list of Americans who were giving up their citiz...[Read More]

Yahoo CEO Scott Thompson resigns

Yahoo’s (now former) CEO Scott Thompson has resigned, citing “personal reason” for leaving the company after only six months at the helm. His resignation comes on the heels of claims that he had falsified his resume, leading to the Yahoo board looking into his credentials. Sources speaking to AllThingsD have said that Thompson will be claiming that he is leaving due to a recently...[Read More]

Facebook tests charging for ‘highlighted’ posts – report

Facebook is reportedly testing whether it would be possible to make money by charging users to ‘highlight’ certain posts according to a report from The feature, where Facebook makes a user’s post more visible on their friend’s Timelines, is apparently being trialled in New Zealand. Facebook spokeswoman Mia Garlick is quoted as saying “We’re constant...[Read More]

Google, Mozilla concerned over browsers in Windows RT

Mozilla have registered their concerns over the upcoming ARM-specific Windows RT OS, which will reportedly only fully support Microsoft’s Internet Explorer. The Firefox developer has called for Microsoft to allow alternate browsers on the ARM-based system, a call which Google has echoed. The two companies would be able to release a browser for the RT operating system but the software will be...[Read More]

Twitter refusing to release Occupy protester’s data without a warrant

Twitter is resisting a court order instructing the company to hand over data pertaining to one of the service’s users. The user, Malcolm Harris, is an Occupy Wall Street protestor who is being charged for alleged disorderly conduct at a protest on the Brooklyn Bridge last year. Twitter has filed a motion to quash the court order, saying that user information – Harris’ tweets in t...[Read More]

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