business

Samsung’s third quarter suffered expected financial stumbles

Samsung’s third quarter suffered expected financial stumbles

A regularly filing earlier this month revealed that Samsung's 2014 third quarter profits would show a big stumble over past quarters, with it being expected that the company would be showing three-year lows. The official quarterly results report is in, and in it we see the same story: in the quarter ending on September 30, Samsung's revenue and operating profit were both down quarter-on-quarter. This marks the company's second straight quarter of stumbles in its IT and mobile division, and the company is banking on holiday sales propping it up in Q4.

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Microsoft cut loose 3,000 employees today

Microsoft cut loose 3,000 employees today

This summer Microsoft's CEO Satya Nadella revealed a planned workforce reduction that would ultimately result in 18,000 or so employees being cut loose. The reason behind it was to "realign our workforce" toward better fitting its current business goal, with the most notable cuts being among the workers it brought in with the Nokia acquisition. It was promised that by the end of the year most of the jobs would be cut, and today has seen Microsoft moving strongly on that goal, with it laying off 3,000 additional workers.

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Reddit dabbles in crowdfunding with new “Redditmade” site

Reddit dabbles in crowdfunding with new “Redditmade” site

Reddit has jumped aboard the crowdfunding train, doing so with the launch of a new website called Redditmade. Like Kickstarter and Indiegogo, Redditmade lets users set up funding campaigns for projects ("You can create almost anything you want ," says Reddit), which users can then fund if they're so inclined. Campaigns that reach their goal in 30 days will survive, while those that don't will fizzle away into the silence. Dozens of projects are already up, most of them in the form of witty t-shirt designs.

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LG reports record smartphone shipments for Q3

LG reports record smartphone shipments for Q3

LG is having a bang up year so far in 2014. The company reported massive increases in profits in Q2 of the year thanks to 14.5 million smartphones shipped pushing net profits up 165%. LG has now reported its Q3 earnings and it has had another bang up quarter with record smartphone shipments. LG says that operating profit doubled on mobile business revenues that were up 39%. The company sold almost 17 million smartphones during the quarter.

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Humans replacing scanners at movie theaters this Autumn

Humans replacing scanners at movie theaters this Autumn

A new set of ever-changing security measures embedded in movie tickets on your smartphone may soon do away with the need for scanning. While - just like you would at Starbucks - MovieTickets.com movie tickets on your smartphone required codes to be scanned by the ticket handler at your local theater until now, they've thought of something new. Instead, it'll take a trained movie theater redemption employee trained in the art of looking at tickets and knowing the newest combination of animations, colors, and codes.

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Verizon tests bundle that includes 1yr of Netflix

Verizon tests bundle that includes 1yr of Netflix

Despite all of its battling this year, Verizon and Netflix have cozied up to each other, at least as far as business is concerned. The service provider has initiated a very limited test during which it is offering a small number of its subscribers the opportunity to sign up for a package that includes a free year of Netflix service. This follows the drawn out debacle between Netflix and Verizon in which the latter company's customers saw severely throttled speeds on Netflix -- something that was quickly solved when the video streaming company gave in and entered into an agreement with Verizon.

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ZTE becomes smartphone sponsor for NBA team trio

ZTE becomes smartphone sponsor for NBA team trio

ZTE USA is upping its game, announcing yesterday that it has become the official smartphone sponsor for three NBA teams: the New York Knicks, Houston Rockets, and Golden State Warriors. Its sponsorship of the Rockets is nothing new -- ZTE previously sponsored the team, and having seen success, has now moved to bring the other two on board. As part of its sponsorship, ZTE promises to aid the teams' various charitable activities. This followed news earlier this month that ZTE might be buying Pantech.

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Netflix reveals “F is for Family” animated series inbound

Netflix reveals “F is for Family” animated series inbound

Did you expect anything less? Netflix has announced yet another upcoming show, this one being Bill Burr's animated series "F is for Family." The show is said to revolve around Burr's comedy, taking place in the 70s when all sorts of things banned today were commonplace ("a time when you could smack your kid, smoke inside and bring a gun to the airport," Netflix points out). Each episode will be 30 minutes long, and The Simpsons writer Michael Price is on-board.

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