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Articles tagged with: financial

U.S. Shutting Down Data Centers To Save Taxpayer Woes

In order to save money, the US federal government decided to shut down more than 350 data centers by the end of 2012 and another 400 by end of 2015. This was decided to save billions of dollars from US taxpayers.

Currently, more than 2000 data centers with 40 percent storage capacity and 27 percent computing capacity are running across the country.

The decision is quite good in saving money but what about the employees working there? Thirty states will be affected by this decision…

Adobe Acquires Digital Signage, Echosign

Adobe has just purchased EchoSign, a startup that provides electronic signature technology. Adobe hopes to integrate the new technology in its current document exchange services.

The goal of digital signage is for enterprises to easily swap documents with one another for easy approval. Contracts can be easily sent to one another and signed with ease.

Amazon Launches Textbook Rentals For Cash-Strapped Students

The popular online retailer, Amazon, today launched textbook rentals for the upcoming Fall semester that hopes to put a serious dent in current textbook prices. As many of you know, textbooks are almost always sold by the college itself, but at much higher prices than you can find elsewhere.

Sometimes you only save $10 or $20, but other times you can save over $100 per textbook, which is a significant savings for any cash-strapped college student.

Samsung Combines Display & Semiconductor Businesses

According to the Wall Street Journal, Samsung will combine its flat-panel display and semiconductor businesses into a single unit. What’s the reason? Well, Samsung didn’t have too good of profits during its first quarter, and mediocre performance during its second quarter.

However, when you combine the two businesses, the semiconductor aspect of Samsung made up 70% of Samsung’s operating profits and 44% total of the company’s revenue. Those are some pretty impressive statistics, and allows its flat-panel display business to piggy back off the semiconductor manufacturing successes.

U.S. Senate Makes Video Piracy A Felony

The United States Senate Judiciary committee has just made illegal video and TV streaming over the Internet, a felony. In most cases, these will be handed to the full Senate for consideration, as Hollywood Reporter reports. The Commercial Felony Streaming Act was introduced by Amy Klobuchar and John Cornyn and applies only to videos, although severe sentences can be given for music piracy and software piracy as well.

This is a huge step taken against digital theft. Previously, the number one targets in the industry were uploaders. The number two targets were downloaders, and video streamers went largely unnoticed.

Your Money Is No Longer Safe At The Bank

According to newser, hackers managed to steal over $300,000 from a client’s Ocean Bank account, but according to a Maine judge’s ruling, the bank is not responsible. The judge understood that the bank didn’t follow the best security practices, but rules that the customer should have done more to protect the account. What?! Did a judge just blame the customer for choosing to trust a bank with his money?

The hackers got access to Patco Construction (the victims) Company’s banking credentials by sending a malicious e-mail to employees and then installing a password-stealing Trojan.

Indian-based Search Engine Raises $10 Million

An Indian-based search engine called Just Dial has just raised $10 million in funding from SAP Ventures and Sequoia Capital. The company was started in 1996 in Mumbai and allows consumers to search for local business through the Internet, phone, WAP, and through text messages.

Using the service, consumers are able to discover new restaurants, retail outlets, or search for plumbers or exterminators. It’s basically an easier-to-use form of the YellowPages in the United States. The service is now used by 57 million unique users spread over 250 Indian towns and cities.

Microsoft Planning To Acquire Nokia For 19 Billion?

Reports have begun to spring up, suggesting that Microsoft might be getting ready to swallow Nokia for $19 billion. While Nokia has three main business groups: Mobile Phones, Smart Devices, and Markets. Mobile Phones would be the only one that would be taken over for the 19 billion.

This is an interesting bit of news when you consider that Nokia announced that a number of their phones will support Windows Phone 7, coupled with the fact of the mobile operating system, Symbian, being undesired for a large majority of mobile users.

HP Executive Scorecard Coming Soon

Nope, we are not talking about the CEO’s grade report, here. HP is set to introduce a new scorecard application that will be able to visually summarize metrics taken from other HP software. The goal behind the scorecard application is to combine operational and management data under a unified set. HP’s senior direct of product marketing, Piet Loubser offered an example.

Loubser noted that if a tool measured the financial healthy of a given project shows that the project is under budget, but miss the fact that the project is behind schedule, the metric would be captured only on project management software.

Dell Bounces Back In Profits

I was watching Dell’s stock closely last year and they weren’t doing too good. The company hung around $12 a share for the majority of Q4 last year. The company is really picking up now. Dell has just issued a statement that it has made a net income of $945M pr 49 cents a share which is quite a leap from $341M or 17 cents a share earlier in the year. The CEO and chairman of Dell, Michael Dell, claimed that the company was off to a solid start for the fiscal year of 2012 and that the substantial profit increase demonstrates that Dell’s strategy is working and the execution is improving.