artickles
companies and people: We publish snippets about organizations and key figures making headlines. Facebook's hundred trillion dollar valuation, Apple's iPhone7000, the future of the recession, CEOs getting hired and fired - you'll find it here.
day in the life: Countless professionals seeking employment opportunities live under an illusion of what jobs truly entail, mainly due to the lack of proper resources explaining otherwise. Day in the life aims to clarify these pretenses in a creative way and more importantly by involving you. Click on "submit your own" to tell us about your job and you may be featured on our website!
day in the life: Countless professionals seeking employment opportunities live under an illusion of what jobs truly entail, mainly due to the lack of proper resources explaining otherwise. Day in the life aims to clarify these pretenses in a creative way and more importantly by involving you. Click on "submit your own" to tell us about your job and you may be featured on our website!
skyping and spying
01 August 2012
Microsoft owned, Voice over Internet Protocol (VoIP) service and software application company, Skype, denied making system changes that permit law enforcement greater access to its user conversations. The company claimed that changes were made solely to improve 'user experience and reliability' and that actual call data bypasses its equipment going directly from one user's equipment to another. Calls with more than two parties are the exception as the server needs to aggregate streams from multiple users in order to direct them to clients.The issue first came to light more than a year ago when a technology blog posted that Microsoft ...
look back
cisco lets go
24 July 2012
American multinational corporation that designs, manufactures and sell networking equipment, Cisco Systems, laid off 1,300 workers as part of an austerity programme aimed at saving $1b a year. This cut represents around 2% of the company's 65,000 workforce yet pales in comparison to the 10,000 positions cut just last year. The company stated that the cuts were made to 'simplify its operations' and to adapt to the varying economic conditions ...
the world's laundering bank
17 July 2012
A US Senate investigation into British multinational banking and financial services company, HSBC, says large sums of Mexican drug money has almost surely passed through the bank in additional to doubtful funds from Syria, Iran, Saudi Arabia and the Cayman Islands. The report into HSBC says that lax bank controls and failure of US bank regulator, Office of the Comptroller of the Currency, to monitor HSBC left it vulnerable to money ...
advertising giants gain a rival
12 July 2012
Dentsu, one of the largest advertising agencies in the world, paid $5 billion to purchase London-based marketing agency, Aegis. In one of the largest advertising deals ever struck, Dentsu paid a 48% premium on Aegis's Wednesday closing share price. The deal allows the Japanese firm to expand into markets beyond its country where advertising revenue has been declining. The company is Japan's top full-service media agency conquering 24.2% of ...
rainforest phones
10 July 2012
According to a report from Bloomberg, Amazon may be releasing its own smartphone. The company is working with Taiwanese multinational electronics manufacturing company, Foxconn, on the hardware. Even though Amazon has never made a phone before it possesses many of the tools to do so successfully: (1) its own version of the Android operation system (2) an application store (3) content marketplaces and (4) a following of loyal customers. Amazon's ...
year of the copycats
09 July 2012
US courts agreed to temporarily remove the sales ban on Samsung Galaxy Nexus smartphones, one that had been set into motion last week after courts ruled that the South Korean giant had infringed one of Apple's search parents. Patent consultants following the case said that if Apple manages to reinstate the ban then it might take months before Samsung can put up another fight. The case will not come to ...
banks do business
16 April 2012
Temasek Holdings, an investment company owned by the government of Singapore, agreed to buy Goldman Sachs's shares in the Industrial and Commercial Bank of China (ICBC). ICBC is the world's largest bank, by profit and market capitalization, and one of China's 'big four' state-owned commercial banks. Temasek Holdings will add $2.3b worth of ICBC shares to its portfolio, increasing its stake to 1.3%. State-owned banks are major drivers ...
home of the turnaround
05 April 2012
The number two hamburger giant will re-list its shares (traded under the BKC ticker between 2006 and 2010) on the New York Stock Exchange (NYSE) within the next few months. 3G Capital, a New York-based investment firm, will be selling a 29% stake in Burger King for $1.4 billion to London-based, Justice Holdings Ltd. and holding the remaining 71%. As Justice Holdings Ltd. is already publicly listed on the London Stock Exchange (LSE), ...
taking bites out of apple
20 March 2012
The electronics giant said it will use its extraordinary amount of cash to start paying dividends to shareholders (quarterly dividend of $2.65 per share starting from July 2012) and to purchase back some of its shares through a share repurchase programme (up to $10b of its own shares starting 30 September 2012). This will be the first dividend declared by Apple since 1995, more than 17 years ago! It ...
