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‘business’ Stories

Alibaba in talks with Softbank to lead Yahoo acquisition bid

Paul Fang, Nov 30th 2011 Discuss [0]

Chinese internet group Alibaba is said to be involved in ongoing negotiations with Japanese telecom giant Softbank in an attempt to establish a bid for all of Yahoo (Alibaba already owns Yahoo's chinese business group, in exchange for a 40% stake in Alibaba and 'strategic partnership' in 2005). Sources familiar with the matter have informed Bloomberg that leading private equity firms Blackstone Group and Bain Capital have also been tapped to participate in the acquisition talks. Read The Full Story

FCC allows AT&T to withdraw T-Mobile deal, to release findings today

Rue Liu, Nov 29th 2011 Discuss [1]

During a conference call today, the FCC announced that it will accept AT&T's request to withdraw its application for the T-Mobile merger. The agency also revealed that it will be releasing findings today of what it uncovered from reviewing the merger application, but some portions will be redacted. Read The Full Story

AT&T considers bigger asset sale to save T-Mobile deal

Rue Liu, Nov 25th 2011 Discuss [12]

AT&T's bid to purchase T-Mobile for $39 billion has collapsed following reports that the FCC was requesting an administrative hearing regarding the deal. In a pre-emptive move, AT&T withdrew its T-Mobile proposal from the FCC and added the $4 billion breakup charge to its Q4 2011 finances. However, a source from Bloomberg is now claiming that AT&T may be considering one last plea of offering to sell more assets to save the T-Mobile deal. Read The Full Story

Microsoft considers buying Yahoo, signs NDA

Rue Liu, Nov 23rd 2011 Discuss [4]

Microsoft appears to have renewed interest in buying up the troubled Yahoo. According to the New York Times, a source briefed on the matter says that Microsoft has signed a nondisclosure agreement with Yahoo in order to join private equity firms Silver Lake, TPG Capital, and others in taking a closer look at Yahoo's books. Read The Full Story

AT&T, T-Mobile deal faces new obstacle from FCC

Rue Liu, Nov 22nd 2011 Discuss [7]

AT&T's bid to purchase T-Mobile for $39 billion is facing another setback. The deal is already being challenged by the Justice Department, which has filed a lawsuit against the merger back in August. And now, according to the WSJ, the FCC is requesting an administrative hearing on the proposed deal. It's rare for the FCC to do this and it's not a good sign for AT&T and T-Mobile. Read The Full Story

HP’s Q4 2011 earnings ahead, 2012 guidance weak

Rue Liu, Nov 21st 2011 Discuss [0]

HP released its Q4 2011 earnings report today with results that were just slightly ahead of expectations. The company had a rough year with the WebOS mishap and the ousting of former CEO Leo Apotheker, but it managed to post earnings per share of $1.17, four cents ahead of the expected $1.13. Read The Full Story

Featured

Google Music Artist Hub hands on Part 1: getting started

Chris Burns, Nov 16th 2011 Discuss [10]

This week Google announced their new Google Music Artist Hub, a part of the Android Market’s new music sales initiative and part of Google Music’s now public cloud service – it’s here that any artist, signed or not, can create a name for themselves in the very real and very live marketplace. What we’re going to do here is go through the very basic process an artist will go through themselves to create an Artist Page from whens their music (and music videos) will be sold. I’ll be using the pseudo name I use on many projects, A Tiny City, for future reference – don’t expect any magical musical break throughs from me, but see how simple this process can be.

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Canon imageFORMULA P-215 Personal Document Scanner revealed

Chris Burns, Nov 15th 2011 Discuss [0]

For those of you that love to digitally scan paper products into your computers but don't have any use for a size larger than 8.5 x 11 inches, but do also want a separate module just for business cards, Canon's got just the product for you! This week Canon announced their imageFORMULA P-215 Personal Document Scanner made specifically for the image capture user on the go. This compact device adds to Canons already successful personal scanner line, one that also includes the just-as-cute P-150 Scan-tini. Read The Full Story

Nvidia’s fiscal Q3 earnings report beats estimates

Rue Liu, Nov 10th 2011 Discuss [0]

Nvidia reported its fiscal third quarter earnings results today for the period ending October 30. The company beat expectations with a revenue of $1.07 billion, which is up about 25 percent from $843.9 million during the same period last year. Net income was reported at $178.3 million , or 29 cents per share, which is more than double the $84.8 million and 15 cents per share figures from last year. Read The Full Story

Kobo bought by Japan’s Rakuten for $315 million

Rue Liu, Nov 8th 2011 Discuss [1]

The Kobo e-reader, which currently competes with Amazon's Kindle and the Barnes & Noble Nook, may be getting a boost soon with new backing from Japan's version of Amazon, a large e-commerce operator called Rakuten. The Japanese company is purchasing Kobo for $315 million and intends to rapidly grow its user base around the world. Read The Full Story

Kodak sells its image sensor unit to stay in business

Rue Liu, Nov 7th 2011 Discuss [3]

Kodak announced today that it will be selling its image sensor solutions business to Platinum Equity in order to get closer to the cash targets required to keep the company afloat. Last month, Kodak licensed out its projector patents to IMAX for the same reason. The company has been struggling and could go out of business by next year if it doesn't shore up more money from asset sales. Read The Full Story