Tag : finance

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Steam May Soon Accept Bitcoins

When it comes to PC gaming, everyone knows the feeling that happens when the Steam sales come on. Your bank account starts to hate you and you wish you didn’t save your card details as you…

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AMD Releases Lacklustre Q1 Results

Nearing the end of the cycle for their current generation products, its not surprising to see poor financial results come out from AMD. Last year was a terrible one and it looks like 2016 won’t be…

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Intel Q1 Results Revealed – 12,000 Job Cuts Planned

Three days ago, word came out from Intel about a series of massive layoffs in the works. Today, Intel has officially revealed just how deep the cuts are going to be and they are deep. Around…

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Toshiba Doubles Layoffs to Over 14000 Positions

The past few years haven’t been good for Japanese conglomerates and the it appears things are getting even worse at Toshiba. After a massive accounting scandal popped up last year, the Japanese firm ended up losing…

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iTunes Allowance to Shutdown Next Month

iTunes allowance is a service that allowed parents to place money into their child’s iTunes account on a monthly basis. No need to allow them to borrow your card or even for you to type into…

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Seagate Revises Earnings Forecast Down

  With each year, the decline of hard drives continues on its inexorable course, bringing down the fortunes of the companies that manufacture them. In light of this, both Seagate and Western Digital have sought to…

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Android Pay Is Coming To The UK

These days your phone can replace a lot of things, from your contact list to your camera, they do it all. With thanks to Android, you may get to tick another thing off your list with…

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AMD Reports Dismal 2015 Financials

AMD just can’t seem to catch a break these days. After seeing Nvidia surging ahead in GPU shipments for the past year and Intel continuing its dominance, we are now seeing it effects on AMD’s 2015…

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Micron Forecasts Surprise Loss In Current Quarter

Being one of the biggest DRAM and NAND manufacturers in the market, Micron have chugged along steadily, with the rise of smartphones and tablets helping offset the losses on the PC side. This is set to…

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YouTube is Now Offering Content Creators Business Loans

YouTube is a phenomenon which has revolutionized people’s viewing habits and provided a legitimate rival to broadcast Television. The service has progressed at a rapid rate and helped forge the careers of internet celebrities like PewDiePie.…

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AMD Loses Corporate Fellow Phil Rogers to Nvidia

AMD has been making the corporate news lately and much of it has not been great to say the least. Today, AMD lost a member of their corporate team, Phil Rogers. Rogers has spent 21 years…

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Dell to Acquire EMC for $50 Billion

In what is expected to be one of the largest tech takeovers ever, Dell is set to wholly acquire enterprise giant EMC on Monday. This follows up a string of other storage-related acquisitions and purchases as well…

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AMD Announces Restructuring Plan to Cut 5% of Workforce

When the Silver Lake investment talks broke down, AMD spoke of exploring other strategic options. Today, we’re finding out that one of these options being adopted is a new restructuring plan. In an effort to cut costs…

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Chinese Firm takes up 15% Stake in Western Digital

In a move that is sure to surprise some, Unisplendour Corporation Limited (Unis), a Chinese firm, is taking up a 15% stake in Western Digital. With an investment of $3.775 billion, Unis will be the largest single…

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AMD Investment Talks Break Down

Remember that rumour about AMD getting a major investment from Silver Lake? It turns out now that talks between the two parties have broken down and are going nowhere right now. According to the source, the…

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Private Investment Firm Silver Lake May Take 20% Stake in AMD

Big changes are happening down at AMD with the creation of the new Radeon Technologies Group announced earlier. While such a move will probably pay dividends in the future, it does nothing to solve current issues.…

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Microsoft Rumored to Buyout AMD

It seems that not a day goes by without another rumour or report about someone looking to buy out AMD. According to sources, Microsoft is in talks with AMD about an acquisition which isn’t the first…

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Former Mt. Gox CEO Mark Karpelès Arrested Over Lost 650,000 Bitcoins

More than a year after troubled Bitcoin exchange Mt. Gox folded, authorities have finally moved against the beleaguered firm. Japanese police have arrested former CEO Mark Karpelès for his involvement in the collapse of the exchange. Leading up…

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Qualcomm Cuts Staff and Mulls Break Up after Profits Drop 50%

After years of dominating the mobile SoC industry, Qualcomm has suffered a pretty bad quarter. Compared to the same time last year in 2014, the firm has earned 47% less profit which means they made about…

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Failed Bitcoin Loan Must Be Paid Ruled Judge

Bitcoin is a digital currency, this means that we can get into some problems that paper currency can’t. The other problem with digital currency is that its price is extremely volatile, being able to skyrocket one…

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AMD Could Spin Off Server Division

Despite the successful launch of the Rx 300 series this week and Fury later this month, AMD is still considering all options. According to three people familiar with the matter, nothing is off the table as AMD…

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Russian Apple Online Store Reopens

Bloomberg says that Apple has reopened its online store in Russia after those insane fluctuation in the country’s currency. The store now lists products at prices 35% higher. “An iPhone 6 with 16 gigabytes of memory now…

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Russian Apple Online Store Closed Over Ruble Fluctuations

A certain number of economic sanctions have been placed on Russia in the past year following its decision to annex Crimea. This has of course led to a number of issues with the Russian economy, such…

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Facebook at Work to Launch in January

The Wall Street Journal reports that Facebook’s ‘Facebook at Work’ product will be launching in January. The report suggests that the product may be available for free without ads at first, in an attempt to expand its…

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Sony Anticipates $2.1B Loss on Smartphone Division

More bad news for Sony – the company has just revised its forecasts for the financial year and things aren’t looking good in its mobile sector. Sony is expecting a loss of $2.1B US – terrible…

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Crisis at Crytek Could Be Over

Over the past weeks we have heard rumours about Cryteks staff not being paid for months as well as employees quitting their job due to that and being swiped up by other companies. Even though the company…

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Michigan Bar Teaches Stock Exchange Principles – Through The Love of Beer

Beer is a globally recognised staple and the price of beer is something that we can all relate to but let’s be honest – we all complain when the price of our chosen brew goes up…