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Articles tagged with: recession

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…

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.

Caller ID On T-Mobile, $50 Per Year??

Okay, so I have to admit Caller ID is cool for a number of reasons. I think first and foremost, caller ID is the perfect tool to figure out whether you should take a call or not (especially if you are in a meeting or on the road).

Secondly, as a human being, I think the majority of us prefer to avoid surprises whenever necessary. If you need an example just think about Christmas when you were a kid and how you wanted to sneak out to the living room at 4AM to check the presents under the tree.

Foursquare Adds Deals Section To App

The popular social networking site that is based on its users locations, is now offering ‘Deals’ to its platform. Foursquare’s new Deals special shows the latest deals from LivingSocial, Gilt City, Zozi, BuyWithMe, and AT&T Interactive.

The service works similar to a compiler, and some deals are made available exclusively to Foursquare users, sometimes deals as good as 50% off.

Sony’s CEO Takes 16% Pay Cut

After three years of continuous losses, Sony’s CEO, Howard Stringer, is finally taking a 16% paycut in efforts to allocate that money to other parts of Sony. Okay, so 16% isn’t a lot from a $4.2 million salary, but hey, it’s something.

From the tragic earthquake that occurred in Japan, the company has lost about $3 million and continues to suffer losses after the devastating Sony hack that happened a few months ago from the LulzSec hacking group.

Euro Parliament Votes In Favor Of Ecommerce Buyer Protection

The European Parliament has recently approved new rules for online shopping. European buyers now have the right to change their minds about an online purchase within two weeks of receiving the goods. The new laws also outlaw the use of pre-ticked boxes on retail websites.

The new laws were swept with approval by a 615 in favor and a 16 against. The previous rules governing ecommerce in Europe, poorly protected its citizens and resulted in 7% of Internet users engaging in online purchases.

IBM HPC Cloud Solutions For Maximizing Profits

IBM seeks to help companies use their high-performance computers more efficiently with new software that links separate pools of resources into a single private cloud. Usually, organizations with intense engineering operations have separate server farms used by individual groups of engineers, leaving computing resources unused.

With this in mind, IBM is currently making HPC Management Suite for Cloud software available after having just used it internally. Over 3,000 engineers around the world shared resources as they developed the POWER7 processor family, claiming to have cut costs in half and reduced the design cycle by six months as a result of the software.

Google Acquires RSS Startup, PostRank

Google acquired PostRank yesterday. Postrank is an RSS startup, and the move proves to be a continuation of Google’s strategy to go social. PostRank basically lets users plug into any RSS feed for analysis. The system ranks feeds by the number of comments, inbound links, Twitter shares, Facebook shares, and other social cues.

Analysts are guessing that the PostRank technology will be implemented into Google Analytics, but it is unsure what exactly Google plans to do with the recent buy.

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.

Samsung Working On Groundbreaking LCD Technology?

Samsung held a ceremony in Suzhou, China for its new 7.5 generation fabrication facility. The factory will be setup by Samsung Suzhou LCD (SSL), a joint venture between Samsung and Suzhou Industrial Park. TCL Corporation will invest about $3 billion USD in the project. The 600K square feet fabrication line will begin mass producing panels by the second quarter of 2013.

The factory will produce 100,000 glass substrates (1950 x 2250mm) per month. This factory will be the largest advanced LCD production factory in China. The fabrication facility will include materials, component suppliers, LCD panel, and module production and distribution.