In an interview with Politico Editor-in-Chief John Harris, billionaire investor and newspaper owner Warren Buffett said that newspapers are no longer the primary source of news for the public, and that the long-term trend for the industry is downward. “Journalism is everything. Portions of journalism have declined in importance, and it’ll continue to. It’s too […]
WASHINGTON — BlackBerry, after seeing its latest effort to try to sell to the highest bidder, has forced several of its executives out the door. Reuters reported that BlackBerry said two of their top executives resigned and a third was fired in an attempt to save the company. The Canadian-based smartphone producer tried the open […]
WASHINGTON — BlackBerry abandoned its plan this past Monday to be sold on the market and said its CEO Thorsten Heins will step down from his post. Reuters reported that BlackBerry failed to come up with a sale that satisfied both the buyer and the company. As a result, their share prices plummeted 16% and […]
WASHINGTON — Apple saw its profits slide during September and as a result, investors and analysts remain skeptical of Apple’s holiday season sales. Reuters reported that Apple’s profits fell as its Chief Executive Officer (CEO) Tim Cook predicted a “really great” holiday sales season for the company. Apple sold 33.8 million iPhones in September and […]
WASHINGTON — AT&T, trying to increase its profit margin, is forcing its customers to only buy Mobile Share plans that require higher data fees and allows data allowances among multiple devices. Reuters reported that the second-leading U.S. mobile operator is eliminating the older plans for incoming and new AT&T customers this October 25th. They said […]
WASHINGTON — Sony’s CEO’s shot to restore profitability to a once-proud Japanese electronics giant may backfire if a concrete plan for its smartphones is not implemented sooner rather than later, some say. Reuters reported that Sony CEO Kazuo Hirai plans to have his company’s smartphone, the Xperia, eventually take over the smartphones market from Apple’s […]
WASHINGTON — BlackBerry, scrambling to save itself from absolute insolvency and utter collapse, has agree to become a private company in a major sale. Reuters reported that BlackBerry, which was once Canada’s crown jewel in technology, agreed to a $4.7 billion deal with Fairfax Financial Holdings. Fairfax led this group and is a property and […]
WASHINGTON — A group of German hackers made the claim that they hacked the vaunted and heavily anticipated iPhone fingerprint scanner this past Sunday, two days after the new iPhone series was released. Reuters reported that this security protocol, which Apple claimed would increase security from criminals and hackers seeking access to user’s phones, would […]
WASHINGTON — Canada’s once proudest technology giant, BlackBerry, is on its last legs. Reuters reported that BlackBerry’s plan to be sold to another company or group of investors is hitting a wall as investors and analysts question whether BlackBerry’s operations will be sustainable after it is sold by November (at least that is the hope […]
WASHINGTON — BlackBerry shares rose as news of their buyout went public by 3%, which is an improvement from declining revenue and share prices since they rebooted their smartphone BlackBerry 10. Reuters reported that BlackBerry, which at one time was Canada’s shining example of a leading smartphone company, has fallen on hard times. Now, BlackBerry […]