Articles about business (page 3)

Facebook Buy Ticket Button Could Make Things Easier
Facebook is reported to have started testing a Buy Tickets button (according to AllFacebook), where users can now buy tickets to events they feel like attending. The flip side, the button does not lead to any place within Facebook. Instead users are still directed to third party websites. The button appears within News Feed stories of the event and within the upcoming events section.However it is a possibility that Facebook […]

Google Default Search Status in iOS Estimated At $1 Billion A Year
Analyst Scott Devitt at Morgan Stanley estimates that Google pays $1B a year to Apple to be the default search engine in iOS devices. Given that iPhone and iPads are often estimated to make up for a large majority of mobile web traffic (we’re seeing close to 80% here on Ubergizmo), this is very important for Google to stay in, despite the current friction between Apple and Google, and despite […]

Google Acquires Channel Intelligence
Google is on a roll. The latest buyout is Channel Intelligence, a consolidated company owned by the ICG Group. Via press release, ICG Group announced today that Channel Intelligence has signed a definitive agreement with Google for $125 million “in cash.” ICG Group says that the buyout process is expected to be finished in Q1 this year. Appearing to be transparent, ICG Group added that it is expected to receive […]

Best Buy Stores Are Closing In Canada, Employees Were Not Informed
Talk about the worst-case scenario for a day at work. You wake up early, eat a hearty breakfast, and drive your car to the office, only to be told that the office has been closed and that you’ve been fired from your job. Unfortunately, these situation happened to a few employees at Best Buy stores in Canada. Apparently Best Buy Canada already had plans of closing seven of its stores […]


Samsung Smartphones Drive Record Profits
Samsung has reported a record quarterly profit of $8.3B, thanks to strong sales from its mobile division which has seen its business nearly double year over year. That $8.3B reflects an increase in profit of 89%, which is a huge percentage number for an already very sizable company like Samsung.Analysts expected Samsung to cut capital spending (manufacturing/production equipment, etc…) because Apple has announced that it would gradually diversify its chip manufacturing and […]

Nokia Begins To See Progress
It looks like Nokia’s hard work is beginning to pay off. Nokia has released its full year 2012 and Q4 financial report today. In its report, Nokia said that it was able to sell 4.4 million Lumia smartphones, 9.3 million Asha full touch smartphones, and 2.2 million Symbian smartphones. The sales also caused an uptick, reaching $10.73 billion in overall profit for the previous quarter. But when balanced with Nokia’s […]

Amazon Acquires Text-To-Speech Software Company Ivona
Amazon has acquired text-to-speech technology company IVONA Software. Announcing the good news today, Dave Limp, Vice President of Amazon Kindle says that IVONA has been instrumental in helping the online retail giant deliver excellent accessibility features on its Kindle Fire, such text-to-speech, voice guide, and explore by touch. “The IVONA team shares our passion for innovation and customer obsession, and we look forward to building great products to deliver world-class […]

Apple Mac Sales Down 21%, Reasons Up For Debate
Apple’s shares have dropped 5% and were halted during trading hours at $514 and the after-hours price is down another 10.21% $461. Although Apple is still making a lot of money, the growth indicators have alarmed investors who were betting on “growth”. Just one year ago, analysts were predicting a share price of $1000 and just five months ago, AAPL was worth $700. Apple shipped shipped the expected number of […]

Verizon Remains Strong Amidst Profit Loss
Verizon has just released its financial report for Q4 last year. The nation’s largest carrier says that it saw an 8.5 percent increase per year in service revenues and 8.4 percent per year increase in retail service revenues. Verizon also gained 2.2 million retail net additions including a whopping 2.1 million new postpaid subscribers in Q4 alone, bringing a total number of 98.2 million retail connection and 92.5 million retail […]

Sony Sells Its U.S. Headquarters
Sony is selling its U.S. headquarters building which is located at 550 Madison Avenue in New York City. And the lucky buyer goes to a consortium led by The Chetrit Group, a New York-based owner of commercial properties in New York City and other major US real estate markets. Sony says that the sale price is $1.1 billion, and the contract is expected to begin this coming March.

Nokia Cuts 1,120 Jobs
Nokia previously announced that it will axe 10,000 jobs before the end of 2013. Today, the Finnish multinational communications corporation is beginning to cut a chunk of its workforce. Via press release, Nokia says that it will transfer around 820 of its employees to Indian-based HCL Technologies and TATA Consultancy Services. Additionally, the company will lay off 300 employees in its IT organization. Nokia will be offering affected employees the […]

Apple Needs To Overhaul Its Supply Chain, Says Ex-Apple CEO John Sculley
American businessman and former Apple CEO, John Sculley, has something to say about Apple’s current situation. In an interview with Bloomberg, Sculley said that Apple has to overhaul its supply chain to meet the demand for cheaper smartphones in new markets. “Apple needs to adapt to a very different world,” he said. “As we go from $500 smartphones to even as low, for some companies, as $100 for a smartphone, […]

Nokia Sold 14 Million Smartphones In Q4 Last Year
They say that the ultimate measure of a company’s success is through its sales. That might be true for Finnish phone manufacturer Nokia, who once ruled the cellphone industry. The company has recently published preliminary information regarding its performance in Q4 last year. Nokia estimates that its Devices & Services has “exceeded expectations” and has achieved profitability in during the last quarter of 2012. Nokia is referring to its mobile […]

Kickstarter Says 2012 Was Memorable, Over $320 million Pledged
Popular crowdsourcing company, Kickstarter, has revealed the astonishing details of its stats for the year 2012. Kickstarter really ended the year with blast, with over 2,241,475 backers pledging a whopping amount of $319,786,629. “From groundbreaking projects to inspiring stories, 2012 was a year of many memorable moments on Kickstarter,” the company announced. “To celebrate the year that was, our team put together this look back at some of our favorite […]