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Following the news that tech retailer RadioShack has filed for bankruptcy, a new report claims that online megastore Amazon has expressed interest in buying some of the company's brick-and-mortar locations. An Amazon warehouse, via The Dallas Morning News. Citing two people with knowledge of the matter, Bloomberg says Amazon has discussed purchasing some of the storefronts and turning them into pick-up and drop-off centers for online customers. RadioShack has more than...
While the $6.5 billion bond issue revealed on Monday may be enough to cover its existing capital return program, Wells Fargo believes that Apple could be forced to either raise an additional round of debt or repatriate cash from overseas if the program is to continue its traditional annual increase. Wells Fargo analyst Maynard Um believes that Apple's $20 billion in onshore cash and the $6.5 billion bond offering would easily pay for the current share repurchase...
The once-tight relationship between Google and ridesharing service Uber has reportedly frayed as the two companies make moves into each others' territory, a split reminiscent of the tension between Google and Apple over Android. Google senior executive David Drummond --?who sits on Uber's board of directors --?has informed the startup's leadership that Google is exploring the launch of an Uber-like service, according to Bloomberg. At the same time, Uber has partnered...
President Obama on Monday put forward a new budget that includes a one-time 14 percent levy on earnings held by U.S. companies overseas --?funds which would be allocated to a $478 billion public works plan --?followed by an ongoing 19 percent tax on foreign profits, whether the money is repatriated or not. Obama's new taxes would offer "no loopholes or opportunities for deferral," according to the White House's proposal. At the same time, corporate tax rates would be...
U.S. Federal Communications Commission Chairman Tom Wheeler is expected to issue a proposal this week that would see the agency classify Internet access as a telecommunications utility, a move that may also include reclassification for data services from wireless carriers. Wheeler will not seek to interfere in pricing, according to the New York Times, but will instead model his new proposal on the "light touch" regulations adopted for mobile voice service in 1993. The...
Though it has the backing of legendary rocker Neil Young, the new Pono music player for audiophiles doesn't actually sound much better, or better at all, than high-quality MP3s played from an Apple iPhone. Funded through a high-profile Kickstarter effort a year ago, the PonoPlayer is now shipping to some early backers. For everyone else, the uniquely shaped triangle device carries a retail price of $399, and it comes in colors of yellow or black. Young originally...
The Arizona facilities associated with Apple's failed partnership with GT Advanced Technologies will be transformed into a new "global command" data center for the company employing 150 people full-time, thanks to a major $2 billion investment from the iPhone maker. Racks of Apple's iCloud servers in Maiden, NC The failed sapphire plant will now see $2 billion invested into the location over the next 10 years, the company announced on Monday, according to the...
Filming of the upcoming Steve Jobs biopic is underway, and newly published photos from the film's set show critically acclaimed actor Michael Fassbender in the lead role, alongside Seth Rogen as Steve Wozniak. Michael Fassbender as Steve Jobs, and Seth Rogen as Steve Wozniak. Photo via Daily Mail. The pictures published on Monday by U.K. tabloid the Daily Mail offer the first glimpse of how Fassbender and Rogen will appear in their respective roles. Fassbender, is seen...
Apple on Monday supplied developers with a fifth beta of iOS 8.2, as well as a new pre-release build of Xcode 6.2, giving the latest WatchKit tools for developing Apple Watch software. iOS 8.2 beta 5 is available via Software Update in the iPhone's native Settings application, or via the iOS Developer Center website. As always, Apple has cautioned that the test software should only be deployed on devices dedicated for iOS 8.2 beta software development. In addition,...
The worldwide tablet market saw its first-ever year-over-year decline in the holiday quarter, but the biggest losses were seen by Amazon, which saw shipments of its budget-priced Kindle Fire series plummet 70 percent. The latest quarterly estimates from IDC were published on Monday, revealing that tablet shipments in the December quarter were down 3.2 percent year over year. Apple's numbers are already known -- the company reported last week that sales of iPads were...
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