business wire
Netflix signs multi-year deal with Hasbro -- and knowing is half the battle
www.engadget.com
Hasbro, the toy-maker behind pervasive long-form ads shows for kids like Transformers, GI Joe and My Little Pony, is bringing its back-catalog to Netflix. While the '80s hits will arrive some time in 2012, both Transformer Prime and the more recent Pony-based adventures are already available to stream now....
Best Buy CEO Brian Dunn resigns
www.bgr.com
Best Buy on Tuesday announced that its director and chief executive officer Brian Dunn has resigned from the company effective immediately. Director G. Mike Mikan has been named interim CEO as the company searches for a new chief executive. “I have enjoyed every one of my 28 years with this...
It's Official: Yahoo Lays Off 2,000 Employees
allthingsd.com
In a move that AllThingsD.com had previously reported was coming, Yahoo said it had laid off While Yahoo has had periodic layoffs over the years, this one is its most significant and will also result in another large-scale restructuring of the management organization. This one is being pushed by new...
Apple authorises $10 billion share repurchase program, expects to spend $45 billion in the next three years
thenextweb.com
Apple has announced its plans for its financial call later today, announcing plans to initiate a dividend and share repurchase program commencing later this year. This is a breaking story, please update for more information. The press release: CUPERTINO, Calif.–(BUSINESS WIRE)–Apple® today announced plans to initiate a dividend and share...
Apple authorises $10 billion share repurchase program, expects to spend $45 billion in the next three years
AOL initiates “Dutch auction” tender offer to repurchase $400m worth of shares
thenextweb.com
Internet services and media giant AOL this morning announced that it has started a modified “Dutch auction” tender offer to repurchase shares of its common stock up to an aggregate purchase price of $400 million, which includes the roughly $40 million remaining from the initial $250 million stock repurchase authorized...
Nintendo Wii joins the Hulu Plus watch party
www.engadget.com
Sure, we knew it was coming, but now Hulu Plus has officially arrived for the Nintendo Wii, letting you stream "current-season hit TV shows such as... New Girl and Vampire Diaries" in all their high standard-definition glory. We know, you're already caught up on all that New Girl action,...
Apple edges out IBM to become the top brand of 2011
www.bgr.com
Apple has edged out IBM to become the top brand of 2011, according to an annual list from marketing strategy firm Davis Brand Capital. The Cupertino-based company ousted IBM, which topped the list in 2009 and 2010. Apple was previously ranked No.12 in 2009 and No.7 in 2010. Davis...
Apple’s plans for $100B cash reserve: $10 billion stock repurchase, $2.65 quarterly dividend
www.bgr.com
Apple on Monday hosted a conference call to reveal the fate of at least some of the $100 billion in cash and cash equivalents the company has amassed over the past few years. Apple announced that it plans to repurchase $10 billion of stock over the next three years, in addition...
OLPC to bring Little Pim language teaching videos to XO laptop, underpriviledged children
www.engadget.com
One Laptop Per Child is tag-teaming it up with foreign language learning company Little Pim to teach English to underprivileged children. The initiative could help to blur the line between work and fun and lead to future opportunities for kids in an ever-increasingly global economy where English is the...
Groupon Announces First Quarter 2012 Results
www.businesswire.com
CHICAGO--(BUSINESS WIRE)--Groupon announces quarterly earnings for the first quarter of 2012...
AOL Successfully Implementing the Right Strategy to Deliver Long-Term Stockholder Value
techcrunch.com
I know we’ve been taking the piss out of Aol* all day, but someone in Aol PR must be drunk, because this bizarre “BREAKING: Board Has Presided over Improvement of AOL’s Operating Results and Financial Strength and Unlocked over $1.7 Billion in Value in Two Years” press release just happened. We figure...
Contract customers continue fleeing T-Mobile in Q1
www.bgr.com
Following a rough holiday quarter for the nation’s No.4 carrier, T-Mobile on Thursday reported results for the first quarter of 2012. Adjusted OIBDA was up 7.2% from the first quarter last year to $1.27 billion and average revenue per user grew to $58 from $56 in the year-ago quarter....
Sprint’s iDEN push-to-talk network to go offline next summer
www.bgr.com
Sprint on Tuesday announced that it plans to cease service on its iDEN Nextel network as early as June 30th, 2013. The nation’s third largest wireless provider is looking to migrate business and government customers from the old push-to-talk technology onto Sprint Direct Connect, which operates on the carrier’s...
Corning announces ultra-slim flexible Willow Glass
www.bgr.com
Corning, the makers of Gorilla Glass, on Monday unveiled its new ultra-slim flexible glass technology at the Society for Information Display’s Display Week in Boston. The company’s Willow Glass is roughly the same thickness as a sheet of paper, allowing it to be flexible while retaining normal glass attributes....
Yahoo announces plans to lay off 2,000 workers
www.bgr.com
Yahoo on Wednesday confirmed plans to lay off more than 2,000 employees as part of new cost-cutting efforts. The Internet giant currently employs approximately 14,000 full-time workers and several thousand more contractors. The workforce reductions will be spread across a number of units within Yahoo including its product division,...
Sprint’s LG Viper 4G LTE launches April 22nd for just $99.99
www.bgr.com
Sprint announced last week that pre-orders for one of its first 4G LTE-enabled smartphones were going live on April 12th, and now the carrier has made launch details official. LG’s affordable Viper 4G LTE will become available in just over a week on April 22nd for $99.99 on contract....
Did Apple's cash finally burn a hole in its pocket?
tech.fortune.cnn.com
We'll find out Monday, one half hour before the market opens Click to enlarge. Source: Asymco.com Tim Cook has scheduled a conference call for 9 a.m. EST Monday to answer the question Wall Street has been asking for years: What does the company plan to do with its enormous cash...
Toshiba Excite 10 LE to launch March 6th, a day before iPad 3 event
www.bgr.com
Toshiba on Wednesday confirmed that its ultra-slim and light Android tablet, the Excite 10 LE, will be available on March 6th for $529, a day before Apple’s iPad 3 unveiling. The slate, originally called the Excite X10, was announced at this year’s Consumer Electronics Show and is equipped with...
Amazon announces European Appstore, coming this summer
www.bgr.com
Amazon on Wednesday announced that it has begun to accept app submissions from developers in the United Kingdom, Germany, France, Italy and Spain for distribution in its Appstore for Android later this year. Amazon’s Appstore in the U.S. is home to “tens of thousands of apps and games” and has...
Amazon Cloud Player app for iPhone finally lands in App Store
9to5mac.com
Almost a year after first debuting its cloud-based music service, Amazon today released an iPhone version of the app that provides access to most of the features offered in the Android and desktop versions. Not surprisingly, missing is the ability to purchase music from directly within the app. Otherwise...
Amazon to offer Prime customers hundreds of classic MGM movies and TV shows
www.bgr.com
Amazon on Wednesday announced a new licensing agreement with Metro-Goldwyn-Mayer that will see hundreds of classic movies and TV shows added to the company’s Prime Instant Video catalog. The service, which is available for $79 per year and offers customers free two-day shipping, is now home to more than...
Apple Reports Second Quarter Results
www.businesswire.com
CUPERTINO, Calif.--(BUSINESS WIRE)--Apple® today announced financial results for its fiscal 2012 second quarter ended March 31, 2012. The Company posted quarterly revenue of $39.2 billion and quarterly net profit of $11.6 billion, or $12.30 per diluted share. These results compare to revenue of $24.7 billion and net profit of $6.0...
Nearly 1 billion smart connected devices shipped in 2011
www.bgr.com
The International Data Corporation on Wednesday announced that shipments of smart connected devices —including PCs, tablets and smartphones — reached 916 million units and surpassed $489 billion in revenue in 2011. “Whether it’s consumers looking for a phone that can tap into several robust ‘app’ ecosystems, businesses looking at...
GameStop stores in California to require DLC warning on used games
venturebeat.com
GameStop stores in California will now require a downloadable content (DLC) warning on pre-owned games that make use of online passes or free DLC that becomes void upon use. Many current titles offer free online content or perks that can only be enjoyed the first time around. Purchasers of pre-owned...
AOL's Patch Names Mark Teixeira 'Commissioner Of Patch Baseball' (AOL)
www.businessinsider.com
We're not sure what to make of this one. Press release from AOL: NEW YORK, Apr 10, 2012 (BUSINESS WIRE) -- Patch, AOL’s leading platform of over 850 hyperlocal news, information and engagement sites, has appointed Mark Teixeira, four-time Gold Glove winner, as the Commissioner of Patch Baseball. The...
Amazon’s Android app store celebrates one year and 31,000 apps
www.bgr.com
Amazon on Thursday announced that its mobile marketplace, the Amazon Appstore, is celebrating its first birthday. The company is kicking of its celebration with a week of deals on some of its most popular apps. “Customers have used the Amazon Appstore to test drive and buy millions of apps...
Google Offers to sponsor free Boingo Wi-Fi access in NYC until September, with access below street
9to5google.com
Google Offers will sponsor free Wi-Fi in New York City this summer starting today. The sponsorship is possible through an agreement with Boingo Wireless. New Yorkers and tourists can now access free Internet at six subway stations and over 200 Boingo hotzones around the borough of Manhattan. The Wi-Fi coverage extends below street...
Facebook, Google, Twitter spearhead Ads Integrity Alliance to thwart villainous ads
www.engadget.com
Online heavy-hitters Google, Facebook, Twitter, AOL (Engadget's parent company) and the Interactive Advertising Bureau have have struck an alliance aimed at ridding nasty advertising "from all corners of the web." Stemming from the existing StopBadware group that began in 2006, the group will develop policies, build a platform for...
Green Dot acquires location-based services pioneer Loopt for $43.4 million in cash
thenextweb.com
In a move straight out of left field, Green Dot, a provider of prepaid debit cards, has acquired Loopt for total consideration of $43.4 million in cash. The press release is below, we’re updating this post. Green Dot to Acquire Loopt Loopt is a pioneer in mobile user interface design,...
AOL Announces Close of $1.056 Billion Patent Transaction with Microsoft
www.businesswire.com
NEW YORK--(BUSINESS WIRE)--AOL, Inc. today announced that it has completed the previously announced $1.056 billion patent transaction with Microsoft Corporation....
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