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Business

AOL sells 800 patents to Microsoft in $1 billion deal

April 9th, 2012

AOL and Microsoft on Monday announced an agreement in which the software giant will purchase 800 patents from AOL in a $1.056 billion cash deal. Microsoft will also license more than 300 additional patents from AOL as part of the agreement. “The agreement with Microsoft represents the culmination of a robust auction process for our …

Research in Motion loses more senior executives

April 6th, 2012

Research in Motion has lost a number of senior-level executives in recent days amid a broad review of the company’s strategic options, The Wall Street Journal reported on Thursday. Alistair Mitchell, RIM’s vice president of the BlackBerry Messenger instant-messaging platform, is among several executives who have left the company according to the report. A company spokeswoman …

LightSquared considering bankruptcy after being derailed by regulators

April 5th, 2012

LightSquared founder Phillip Falcone said he may consider voluntary bankruptcy for his troubled wireless broadband venture, Bloomberg reported on Wednesday. “There are arguments that we would be better off in bankruptcy than not,” Falcone said. “LightSquared, if I have to, I’ll put it into bankruptcy. I don’t care,” adding that he would maintain control of the …

Apple’s Tim Cook named most popular CEO of 2012

March 30th, 2012

Glassdoor on Friday revealed its latest list of the “Top 25 Highest Rated CEOs of 2012.” Apple’s Tim Cook took the top spot with a 97% approval rating, leading Ernst & Young’s Jim Turley, Qualcomm’s Paul Jacobs and Google’s Larry Page. “I think leadership is doing an amazing job,” said one Apple employee. “We have …

Sony eliminates two divisions, restructures electronics unit

March 27th, 2012

In a effort to cut costs and improve its financial situation, Sony is eliminating two divisions at its main electronics unit, promoting three executives and keeping a close eye on its money-losing television unit, Bloomberg’s Businessweek reported on Tuesday. The Japanese company will shut down its consumer products and services group, which handled consumer-level electronics, …

Sharp and Foxconn enter into manufacturing partnership

March 27th, 2012

Sharp on Tuesday announced that is has entered into an manufacturing partnership with Foxconn that will see the manufacturing giant take a 10% stake in the Japanese electronics company. Hon Hai has invested nearly 67 billion yen ($809 million) in Sharp in exchange for roughly 121.65 million new shares, which will be spread out between four …

Kim Dotcom says U.S. government is wrong about Megaupload

March 26th, 2012

Megaupload founder Kim Dotcom, who was arrested and charged with racketeering, copyright infringement and money laundering in one of the largest criminal cases of its kind, is maintaining his innocence. Dotcom has previously questioned his accusers’ motives, claiming he isn’t a so-called piracy king, but a man who ran a legitimate business that offered online storage …

Nokia to cut 1,000 jobs from Finnish phone plant

March 22nd, 2012

Nokia on Thursday announced that it will cut as many as 1,000 jobs at its plant in Salo, Finland. The company’s layoffs will happen gradually through 2012, with most cuts happening by the end of June, Reuters reported. The Salo plant is the last large cell phone manufacturing plant in Western Europe, as most businesses …

Facebook reportedly acquired 750 patents from IBM

March 22nd, 2012

Facebook on Thursday acquired 750 patents from IBM in an effort to boost the company’s defense and counter new lawsuits, according to Bloomberg. The patents reportedly cover various technologies relating to software and networking. The acquisition would more than double the size of Facebook’s portfolio, which currently includes at least 56 issued patents and 503 filed …

Samsung braces for a tough year, says it will step up patent defense against Apple

March 16th, 2012

After numerous mobile lawsuits from Apple, Samsung CEO Choi Gee Sung explained that the company plans to be more aggressive in securing patents that can be used to defend itself, Bloomberg reported on Thursday. During the company’s annual shareholders meeting, Sung said that due to slow industry-wide growth and strong competition, the company was bracing …