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Groupon's announcement last week that it was revising its financial results for the fourth quarter has apparently caught the attention of the U.S. Securities and Exchange Commission. The agency is taking a look at Groupon's financials, The Wall Street Journal reported, citing an anonymous source This development caps a run of bad news for the compa...
Visa has dropped Global Payments from the list of companies that it deems compliant with its security policies following news that the third-party vendor experienced a security breach that could have compromised some 1.5 million Visa and MasterCard accounts. The breach first came to light at the end of the last week, and Global Payments has since...
It finally has happened -- the number of U.S. mobile subscribers who own smartphones is just about equal to the number who own feature phones, according to new data from Nielsen Wire As of Feb. 2012, 49.7 percent of U.S. mobile subscribers carried a smartphone -- an increase of 38 percent from Feb. 2011, when only 36 percent of mobile subscribers o...
Yahoo has been at work developing a header solution that will implement Do Not Track compliance across its global network by early this summer. The news follows the final report released by the Federal Trade Commission this week that, among other points, calls on companies to make privacy options simpler and more transparent to consumers. Yahoo is...
Research In Motion's recently appointed CEO Thorsten Heins emerged from his self-imposed 10-week quiet period by dropping a number of bombshells. Former co-CEO Jim Balsillie has resigned from the board of directors. Several other executives, including Chief Technical Officer David Yach and Chief Operating Officer Jim Rowan, are also leaving, according to reports...
Best Buy is taking an ax to its big box retail business model. The company plans to close 50 of its larger stores and test new store formats in San Antonio and Minneapolis The formats will be so-called "connected stores" that will emphasize tech support and wireless products. They will feature checkout lanes designed to speed shoppers through the ...
It appears that Yahoo and shareholder Third Point are digging in for a contentious proxy fight The companies have been tussling over who will fill four seats on the board of directors, with the two sides clashing on several points, including whether Third Point CEO Daniel Loeb should get one of the spots....
Microsoft is stepping up its cloud strategy, with the announcement that it will port its Microsoft Dynamics enterprise resource planning software to Windows Azure this year. The company outlined plans for the transition at Convergence 2012, held last week in Houston.
Gmail sales productivity application Yesware does not align with any particular CRM vendor or industry or even sales methodology. That possibly accounts for its wide- ranging and especially large user base, founder and CEO Matthew Bellows told CRM Buyer In six months, Yesware has picked up 20,000 business users -- from chimney sweeps to law firms t...
Zynga has inked a deal to acquire OMGPOP, maker of the wildly popular "Draw Something," as well as 35 other social games. When it joins the Zynga fold, OMGPOP will focus on building new mobile products for Zynga. The purchase price is estimated at US$200-$250 million, according to news accounts citing unnamed sources familiar with the transaction....
In a sweeping reorganization of its operations, HP is merging its Imaging and Printing Group with its Personal Systems Group, the unit that makes the company's computers. The news delivered a jolt to the industry when it leaked on Tuesday. Although HP's star has dimmed somewhat since its high-flying days in the 1980s and 90s, it remains a major player.
Facebook has apparently taken its massive user base and immense popularity to heart. The company is dictating to Wall Street underwriters what it will pay in fees for its US$5 billion initial public offering, according to news reports. Typically, these fees would range from 3 percent to 7 percent of the offering. However, Facebook is allowing -- a...
Spoiler Alert: At the end of "Mass Effect 3," the Earth is not saved, and there isn't much players can do about it. Normally, the resolution of a video game's story line -- even one as popular as "Mass Effect 3" -- would not be news outside the gaming sector. In this case, however, some fans are so disgruntled that they've lodged a complaint with ...
Sanford C. Bernstein has downgraded Sprint Nextel to underperform from market perform, citing concerns it won't sell enough iPhones to pay for its "punishing" commitment to Apple. Worse, from Sprint's perspective, is that there's a strong chance Sprint may have to declare bankruptcy at some point, Bernstein analyst Craig Moffett said in a research...
Sprint has canceled the 15-year agreement it inked with LightSquared last July to build out and license a 4G network. LightSquared was to have used this network, together with its own infrastructure, to launch its service. The agreement would have been beneficial to Sprint as well, as it had hoped to use LightSquared's network to relieve its own s...
Nokia has been expected for some time to announce plans to get into the tablet space. It has now confirmed, via an interview by Nokia design chief Marko Ahtisaari to the Finnish magazine Kauppalehti Optio, that work is progressing on a Windows 8 tablet device. That Nokia is opting for Windows 8 instead of Android is hardly a surprise, given Nokia ...
PayPal has introduced PayPal Here, a mobile payment product that is meant to continue its push into retailing's brick-and-mortar world, no matter the size of the retailer The global mobile payment system will allow small businesses to accept almost any form of payment, PayPal said. Businesses can accept payments by swiping cards with a fully encryp...
Avaya is formalizing an outsourcing service it has been offering select clients for the past year. The service, Avaya Communications Outsourcing Solutions, manages all of a company's communications operations, regardless of age, location or vendor. It is part of the company's portfolio of Managed Services "This is a custom managed service targeted ...
Google has been at work on new technologies and methodologies that could significantly alter the way consumers search on the Internet, as well as how brands can expect to see their ads displayed, according to The Wall Street Journal More emphasis will be placed on semantic search, a process that takes into account the meaning of the search term inp...
The BBC was the target of hack attacks earlier this month, according to comments made by BBC Director-General Mark Thompson in a wide-ranging speech to the Royal Television Society on Wednesday. There was a simultaneous attempt to jam two different satellite feeds of BBC Persian into Iran, and to disrupt BBC's London telephone lines via multiple a...
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