Businessweek | Cell Phone Tracking Blog

Posts Tagged ‘Businessweek’

Australian court holds Google responsible for misleading search ads

Wednesday, April 4th, 2012
Australian court holds Google responsible for misleading search ads

In a turnaround from a lower court ruling, three Australian Federal Court judges ruled yesterday that Google was responsible for its advertisers’ content and that it breached the country’s trade law by hosting misleading ads. The case centered on four ads in particular, in which the advertisers used the names of their competitors to ensure the ads appeared in search results for said companies. That, the court ruled, was likely to mislead folks searching for those competitors. While there’s no fine imposed on Google with that judgement, the judges are asking Google to change its practices and to pay court costs. The ruling also, of course, sets quite a precedent if it is upheld. Not surprisingly, Google disagrees with the judges’ decision, noting that it believes “advertisers should be responsible for the ads they create on the AdWords platform,” and that it’s now considering its options (including an appeal to the High Court).

Australian court holds Google responsible for misleading search ads originally appeared on Engadget on Wed, 04 Apr 2012 10:57:00 EDT. Please see our terms for use of feeds.

Permalink TG Daily  |  sourceBusinessweek  | Email this | Comments

 Mail this post

Sony eliminates two divisions, restructures electronics unit

Tuesday, March 27th, 2012

In a effort to cut costs and improve its financial situation, Sony is eliminating two divisions at its main electronics unit, promoting three executives and keeping a close eye on its money-losing television unit, Bloomberg’s Businessweek reported on Tuesday. The Japanese company will shut down its consumer products and services group, which handled consumer-level electronics, and the professional device and solutions group, which handled business oriented products and components. Executive Deputy President Hiroshi Yoshioka, who oversaw the professional device and solutions group, will head the company’s newly created medical business unit. Sony spokeswoman Satsuki Shinnaka said all changes will be effective April 1st and are aimed at speeding up management decisions. On the same date, the company will welcome its new president and CEO Kazuo Hirai. Hiari is largely credited with making Sony’s PlayStation game business profitable and will be looking to do the same with the company’s Bravia television unit, which is expected to post its fourth straight annual loss.

Read

 Mail this post

Path CEO grilled by Tim Cook and Apple over privacy

Thursday, March 15th, 2012

Last month it was discovered that the popular social network Path was uploading entire address books — including email addresses, names and phone numbers — to its external servers. Path’s actions were a direct violation of Apple’s terms of agreement, and the Cupertino-based company was apparently not happy. Bloomberg’s BusinessWeek reported on Thursday that Path co-founder Dave Morin was hauled into Apple’s headquarters and grilled by CEO Tim Cook and other executives on the matter. Apple remained silent as other developers were called out for stealing users’ contact data, but the company finally issued a statement claiming that “any app wishing to access contact data will require explicit user approval in a future software release.”

Read

 Mail this post

SEC sides with Beastie Boys’ Mike D, says AT&T must allow shareholder vote on net neutrality

Wednesday, February 15th, 2012

Michael Diamond may be best known as Mike D of the Beastie Boys, but he’s also an AT&T shareholder, and he’s now played a central role in forcing a shareholder vote on net neutrality. He, along with his wife Tamra Davis and John P. Silva of Silva Artist Management previously submitted a proposal to AT&T arguing that shareholders should be allowed to vote a resolution that recommended the company “publicly commit to operate its wireless broadband network consistent with network neutrality principles.” AT&T unsurprisingly rejected that proposal, stating that it would “directly interfere with its network management practices,” but the SEC has now stepped in and said that net neutrality has become a “significant policy consideration,” and that it can no longer be excluded from shareholder ballots. As Bloomberg Businessweek notes, companies can challenge the SEC’s findings in court, although it remains to be seen if AT&T or other carriers will take that step. No further word from Mike D on the matter, so we’ll take this opportunity to share another important message of his after the break.

[Image credit: Fabio Venni / Wikimedia Commons]

Continue reading SEC sides with Beastie Boys’ Mike D, says AT&T must allow shareholder vote on net neutrality

SEC sides with Beastie Boys’ Mike D, says AT&T must allow shareholder vote on net neutrality originally appeared on Engadget on Wed, 15 Feb 2012 19:37:00 EDT. Please see our terms for use of feeds.

Permalink   |  sourceBloomberg Businessweek  | Email this | Comments

 Mail this post

Lenovo releases Q3 earnings report, shipments rise, profits soar

Thursday, February 9th, 2012
Lenovo turned in another stellar earnings report yesterday, following up on a huge Q2 with an encouraging Q3. For the fiscal quarter ended December 31st, the PC maker saw its net profits reach $153 million, marking a 54 percent increase over last year’s $99.7 million. Revenue also rose 44 percent last quarter to a record $8.4 billion, thanks in large part to a surge in PC sales. In mature markets, Lenovo saw revenues increase by a whopping 81 percent to $3.6 billion, while emerging market sales reached $1.3 billion, marking a 13 percent rise over the previous year and accounting for about 15 percent of the company’s global revenue. The manufacturer saw particularly strong growth in China, where it now enjoys a market share of 35.3 percent, its highest ever. Lenovo attributed much of this to strong smartphone and tablet sales in China, while confirming plans to release a Smart TV within the country, as well (according to CEO Yang Yuanqing, it should hit the market in April). Laptops, however, remain the company’s bread and butter, comprising 53 percent of its total revenue last quarter, with sales reaching $4.5 billion — 30 percent higher than last year. For more numbers, check out the full press release, after the break.

Continue reading Lenovo releases Q3 earnings report, shipments rise, profits soar

Lenovo releases Q3 earnings report, shipments rise, profits soar originally appeared on Engadget on Thu, 09 Feb 2012 04:18:00 EDT. Please see our terms for use of feeds.

Permalink Businessweek  |   | Email this | Comments

 Mail this post

NEC will cut 10,000 jobs after forecasting $1.3 billion annual loss, mostly in mobile phone biz

Sunday, January 29th, 2012

After releasing a revised financial forecast for FY 2011 that predicts an annual $1.3 billion loss, its third in the last four years, NEC announced it will cut around 10,000 jobs. Bloomberg Businessweek reports President Nobuhiro Endo announced the cuts, revealing most of the cuts will come from the company’s mobile-phone handset business, with 7,000 of them expected to be in Japan. The company reportedly had 115,840 employees as of March so there should be a few folks left around to keep the lights on and maintain ventures like its new JV with NTT Docomo, Panasonic, Samsung and Fujitsu, the NEC Lenovo PC alliance, and its recently announced work on the Hayabusa 2 asteroid explorer. Still, we’ll have to wait and see how the cuts affect upcoming cellphones, like any potential successors to its super-slim MEDIAS N-04C seen above.

Continue reading NEC will cut 10,000 jobs after forecasting $1.3 billion annual loss, mostly in mobile phone biz

NEC will cut 10,000 jobs after forecasting $1.3 billion annual loss, mostly in mobile phone biz originally appeared on Engadget on Sun, 29 Jan 2012 15:56:00 EDT. Please see our terms for use of feeds.

Permalink   |  sourceNEC, Bloomberg Businessweek  | Email this | Comments

 Mail this post

Fisker Karma battery poses ‘potential safety issue’ for about 50 autos, fix already in tow

Tuesday, December 27th, 2011

Fisker has seen its fair share of delays on its Karma EV in the past, and now ”fewer than 50″ of the vehicles — which if you’ll recall, cost over $100K — are at risk for battery malfunction. According to Bloomberg Businessweek, A123 (the company which supplies the car’s power pack) has issued a memo to customers and stakeholders, noting that “in rare circumstances” the car’s batts could short-circuit due to coolant leakage from “misaligned hose clamps.” A123 further explained that’s already begun repairing the Karma’s in question, and doesn’t expect to experience to strain its relationship with Fisker due to the problem. Notably, Bloomberg also reports that 25 of the automobiles get assembled daily, with about 225 currently en-route to showroom floors — a far cry from the company’s earlier estimates for the 2011 production year. You’ll find A123′s full PDF memo at the source link below.

Fisker Karma battery poses ‘potential safety issue’ for about 50 autos, fix already in tow originally appeared on Engadget on Tue, 27 Dec 2011 03:38:00 EDT. Please see our terms for use of feeds.

Permalink Autoblog Green, Green Car Congress  |  sourceBloomberg Buisnessweek, A123 (PDF)  | Email this | Comments

 Mail this post

The Slow, Painful Decline of Sony: A Tale Told in Three Microcosms [Sony]

Friday, November 18th, 2011

Sprint to announce new Kyocera phone at press event, report claims

Monday, February 7th, 2011

Sprint’s press event tonight will yield a new Kyocera smartphone dubbed “Echo,” according to a report from Bloomberg Businessweek. Further information is not available for the time being and the moniker Echo doesn’t seem to be a great fit for theme of magic and illusion suggested by the invitation seen above, but Businessweek seems thoroughly confident in its source. Sprint announced last month that it would hold a special press event tonight. With Dan Hesse on hand alongside special guest David Blaine, a “master illusionist and world record holder,” Sprint promises to announce “yet another industry first.” Kyocera is most certainly not the first handset partner that comes to mind when carriers hold events like these, and we’re all the more intrigued as a result. BGR will be on hand at the event tonight and we’ll be live blogging all the action from start to finish.

Read

 Mail this post

Sprint expected to introduce Kyocera Echo at event later today, HTC Arrive also indirectly corroborated

Sunday, February 6th, 2011

Businessweek has managed to track down an insider with information on the plans of both Sprint and Kyocera, and he (or she) has been talkative enough to confirm that a Kyocera Echo is all set for launch on the Now Network at an event later today. Sprint’s tagline for said event was that it’ll deliver an “industry first” that makes us believe “the impossible is possible,” and with all due respect to Kyocera, neither of those really sounds exactly like the company’s upcoming Android handset. The first time we got wind of the Echo, however, it was accompanied by a tip about a Windows Phone 7-based HTC Arrive, a more likely candidate for that industrial innovation prize — there are no CDMA WP7 devices quite yet. We could imagine the Arrive being a carrier-specific brand name for HTC’s 7 Pro, which is already expected on Sprint and has even cleared the FCC in a CDMA flavor. But again, that doesn’t fully satisfy the bluster about the impossible becoming possible, so maybe Sprint will have even more to show us — we’ll be attending its tonight to make absolutely sure.

Sprint expected to introduce Kyocera Echo at event later today, HTC Arrive also indirectly corroborated originally appeared on Engadget on Mon, 07 Feb 2011 02:45:00 EDT. Please see our terms for use of feeds.

Permalink   |  sourceBusinessweek  | Email this | Comments

 Mail this post

Nokia trims upcoming round of layoffs from 800 to 500 workers

Friday, January 14th, 2011

A Nokia spokesperson confirmed on Thursday that Nokia will cut fewer jobs in an upcoming round of layoffs than it initially announced. Speaking with Bloomberg Businessweek, Nokia spokeswoman Paeivyt Tallqvist confirmed that Nokia’s upcoming workforce reductions would trim 500 workers from various locations in Finland. The cell phone maker said last month that 800 employees would be let go. According to the revised agreement with unions, Nokia will cut 120 jobs from its headquarters in Espoo, 198 from its Tampere location, 103 from Oulu and and 82 from its manufacturing plant in Salo.

[Via Phone Scoop]

Read

 Mail this post

Sprint wouldn’t mind if T-Mobile bought 4G spectrum from Clearwire

Thursday, December 2nd, 2010

Considering Sprint’s heavy investment in Clearwire — and the fact that it shares its WiMAX network with the company — you can understand why it might be a little weary of letting other carriers in on the spectrum. That said, a Goldman Sachs analyst that apparently met with Sprint execs this week has said that they “have encouraged” a wholesale spectrum deal that would bring cash in from T-Mobile USA — a company that has yet to settle on a next-gen network strategy beyond HSPA+ — though it would ultimately depend on the price. Considering Clearwire’s somewhat bleak financial picture, it seems likely that Sprint’s looking at this as a do-or-die situation — it isn’t necessarily interested in dumping cash into the company by itself ad nauseam, but if it allows the company to falter, that could have unsavory consequences on Sprint’s own 4G ambitions. Should be interesting to see how this plays out.

Sprint wouldn’t mind if T-Mobile bought 4G spectrum from Clearwire originally appeared on Engadget on Thu, 02 Dec 2010 17:43:00 EDT. Please see our terms for use of feeds.

Permalink Phone Scoop  |  sourceBusinessWeek  | Email this | Comments

 Mail this post