Business

Samsung killed the Galaxy Note 7 by rushing replacements

Samsung killed the Galaxy Note 7 by rushing replacements

"Haste makes waste." That's an almost universally accepted nugget of wisdom that some people feel they're exempt from. That apparently includes Samsung, and now that folly is coming back to haunt it and bite it in the proverbial behind. Piecing together the timeline of incidents leading to the Galaxy Note 7's untimely demise, the Wall Street Journal painted a picture of a company that, in the desperation to look decisive and take swift action, may have, instead, actually brought about an earlier and total destruction of the Galaxy Note 7 and, perhaps, the Galaxy Note brand as well.

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AT&T reported to be nearing $85B Time Warner acquisition deal

AT&T reported to be nearing $85B Time Warner acquisition deal

AT&T is believed to be close to reaching an acquisition deal for telecom giant Time Warner to the tune of $85 billion, according to several sources including Bloomberg and Wall Street Journal. Senior executives from both companies have been said to be holding meetings over the last few weeks, and Time Warner CEO Jeffrey Bewkes has said in the past that they would consider a sale if the right price was reached.

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Samsung considers compensation program, LG batteries for future

Samsung considers compensation program, LG batteries for future

The Galaxy Note 7 has truly shaken Samsung to its core. And those who think that the ripples are limited only to its mobile business, they better think again. There was even one report of a misbehaving Samsung smart washing machine. The company, however, has no choice but to try and move forward, and its next steps will determine whether consumers will retain confidence in the brand. Some of those steps, according to sources, include offering disgruntled Galaxy Note 7 owners some compensation as well as using LG Chem’s batteries for the Galaxy S8.

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T-Mobile fined $48m by FCC over ‘unlimited’ data restriction disclosures

T-Mobile fined $48m by FCC over ‘unlimited’ data restriction disclosures

The FCC has announced that T-Mobile will pay $48 million to settle a probe into its restrictions disclosures related to unlimited data. The commission announced the fine today, saying it is related to an investigation it carried out regarding whether the Uncarrier appropriately disclosed what kind of restrictions come with its ‘unlimited’ data plan. The FCC found that some customers on both T-Mobile and MetroPCS may have expected more high-speed data than they ultimately received.

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Samsung may have only one flagship next year, and that’s OK

Samsung may have only one flagship next year, and that’s OK

It is no surprise that the disaster that was the Galaxy Note 7 would have ripples throughout Samsung’s business, particularly its mobile division. Projects are being put on hold in an effort to reduce expenses, which have been diverted to the recall of the phablet. Now Korean media are reporting that Samsung gird its loins even further, releasing only one premium smartphone per year, implying the demise of the Galaxy Note line. And, depending on how the Galaxy S8 and its successors turn out, that might actually be fine.

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Amazon tipped in plan to offer Internet service with Prime bundle in Europe

Amazon tipped in plan to offer Internet service with Prime bundle in Europe

Sources have surfaced with an interesting claim: Amazon is considering offering Internet service straight to European consumers, doing so with the intention of bundling Prime products with it. The idea seems to be one that traditional service providers have already tapped into — offering subscribers packages that include both Internet access and video services of one sort or another.

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Razer buys THX: This is why

Razer buys THX: This is why

Razer has bought THX, the latter company’s CEO Ty Ahmad-Taylor announced in a statement this evening. THX will continue to operate largely as it has been, doing so with goals to grow its certification business while continuing along with both THX Live! and THX Inside. However, the company says that things are changing a bit for partners: THX is now offering more certification lines like Bluetooth speakers, set-top-boxes, and more.

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Salesforce walks away from bid to buy Twitter

Salesforce walks away from bid to buy Twitter

A few weeks ago, word got out that Twitter was in the process of seeking buyout offers from a handful of big companies, potentially including Google, Microsoft, Verizon, and even Disney. Unfortunately for the social network, one of the biggest candidates, Salesforce, has revealed that it's "walking away" from any plans to make a serious acquisition bid. In an interview the Financial Times, Salesforce CEO Marc Benioff said that Twitter "wasn't the right fit for us."

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Yahoo’s email breach might spell disaster for Verizon deal

Yahoo’s email breach might spell disaster for Verizon deal

It would appear that the recent Yahoo email breach has not only tarnished its reputation with users, but also with the suitor it has found in Verizon. Rumors of Verizon's attempt to reduce its $4.8 billion bid have been circulating recently, and now we're getting some sort of confirmation that those whispers were correct. In fact, Verizon may be looking to back out of the deal entirely.

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Nolan Bushnell launches Modal VR, a virtual reality system aimed at enterprise

Nolan Bushnell launches Modal VR, a virtual reality system aimed at enterprise

With PlayStation VR launching tomorrow and headsets like Oculus Rift and HTC Vive already on the scene, it would appear that there are a lot of companies that want a slice of the VR pie. Atari founder Nolan Bushnell can now be counted among the folks eyeing the VR market, as he's teamed up with Jason Crawford to launch a new virtual reality platform called Modal VR.

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Comcast fined $2.3 million by FCC over erroneous billing issues

Comcast fined $2.3 million by FCC over erroneous billing issues

Comcast has been fined $2.3 million over so-called ‘negative option billing’ — that is, unauthorized billing for services or goods that weren’t request and that require the consumer to contact the company in dispute and to seek refunds. According to the FCC, it had received many complaints from Comcast customers who claimed the service provider was bill “cramming,” or adding charges to bills for things they didn’t request, including DVRs and premium channels. In some cases, subscribers say they declined items, only to be mailed them and billed for them.

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Amazon plans to launch physical convenience stores, sources claim

Amazon plans to launch physical convenience stores, sources claim

Sources have surfaced with a twist on the Amazon grocery store rumors we’ve been hearing — the company reportedly plans to launch physical convenience stores, as well as curbside grocery pickup locations for those who place an order online. This news follows a previous report in which we heard Samsung was considering opening its own grocery stores with a drive-thru of some sort, allowing customers to order online, then have the groceries loaded directly into their vehicle.

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