business

Nokia: we have no plans to resume making or selling phones

Nokia: we have no plans to resume making or selling phones

In a somewhat unexpected move, Nokia has released a new statement making it as clear as day that the company has no plans to return to making and selling consumer cell phones. This is clearly in response to the rumors that keeping popping up every so often, with the latest being just last week, that they are going to attempt a return to the phone business sometime next year. This closest Nokia gets to the mobile industry right now is through licensing of their large portfolio of patents, as well as licensing their own name for the N1 tablet sold in Asia.

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BitTorrent confirms layoffs: 40 workers rumored gone

BitTorrent confirms layoffs: 40 workers rumored gone

BitTorrent has been putting a lot of work into growing, and it has seemingly been progressing well with its BitTorrent Originals entertainment effort and BitTorrent Sync, among other things. Sources have cropped up to reveal that things may not be going so well behind closed doors, however, and they claim that yesterday the company laid off “dozens” of employees. The move was said to be in an effort to focus on a smaller bunch of products, and to “streamline business operations”.

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Microsoft’s Q3 financials show continued PC market slump

Microsoft’s Q3 financials show continued PC market slump

Microsoft's third-quarter 2015 financial report is in, and overall it shows good things for the company. Not all was stars and sunshine, however, and it suffered in the same area many of it competitors have been feeling the squeeze: PCs. The PC market has been in a slump for a while now, suffering from the proliferation of mobile devices and a consumer trend away from traditional computers, and no exception was made for Microsoft, which saw its Windows revenue decline sharply.

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Comcast tipped in plan to nix TWC merger

Comcast tipped in plan to nix TWC merger

Last week, word surfaced that the Department of Justice was planning to recommend the Comcast and Time Warner Cable acquisition be blocked, and was collecting evidence to support a case against the merger. This was good news to the (loads of) critics of the plan, and pointed toward a ray of hope that the acquisition wouldn’t go through. Now there’s a bigger sign that the end is near, with sources saying that Comcast is going to withdraw its acquisition plans.

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Uber hit with lawsuit for alleged discrimination against the blind

Uber hit with lawsuit for alleged discrimination against the blind

Uber has to face up to a lawsuit that contends the ridesharing service discriminates against blind riders by not allowing them to bring service dogs along with them. The ruling was made on Friday by a US magistrate who gave the go-ahead for the lawsuit, which maintains that the ridesharing service is classified as a travel service and, as such, can be (maybe) held liable under the Americans with Disabilities Act for not accepting service dogs. Uber had challenged the lawsuit.

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Google was once $6 billion away from owning Tesla

Google was once $6 billion away from owning Tesla

In May of 2013, we reported Tesla and Google were working together on some sort of self-driving car. It may have been more than that; a new report says in 2013, Tesla CEO Elon Musk and Google boss Larry Page were in talks for Google to buy Tesla for as much as $6 billion. Musk was apparently dictating terms, asking for as much as $5 billion extra to keep Teslas rolling off the line, and that he remain in-charge of his electric car empire.

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Overseas Netflix prices determined by piracy levels

Overseas Netflix prices determined by piracy levels

While Netflix has long been a staple in the streaming market in the US, it's easy to forget that with over 60 million subscribers globally, the service exists in a number of other countries. One interesting tidbit about the how the company works overseas was revealed by CFO David Wells on a recent earnings interview. When it comes time to determine Netflix's subscription price in a country, one key factor they look at are the levels of piracy in that region. Higher levels of piracy mean a cheaper price to access Netflix's content.

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DoJ tipped in plan to recommend Comcast-TWC merger block

DoJ tipped in plan to recommend Comcast-TWC merger block

Many have criticized the planned merger of Comcast and Time Warner, and for valid reasons. Now sources have cropped up to say that it might not happen after all, with the Department of Justice reportedly contemplating a recommendation to block the acquisition. Says the sources, there are concerns that such a merger between the two companies would be to the detriment of consumers. Furthermore, lawyers for the DoJ are said to be gathering evidence in support of a case to challenge the planned acquisition.

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