TechStars announced an enhanced relationship with Microsoft through the new BizSpark Plus program for accelerators and incubators. The enhanced program allows TechStars accelerators in Boulder, Colo.; Boston; New York; Seattle; and Texas to offer each of their startups up to $60,000 (U.S.) of Windows Azure compute and storage over a 24-month period, at no cost. TechStars,...
Hewlett-Packard Director Larry Babbio Jr. will no longer be on HP board as a director – the company said, as the tech giant continuing to restructure its board. Babbio a director since 2002 were part of a board, and had presided during the pretexting scandal. Babbio, along with fellow directors Sari Baldauf and Dominique Senequier, will not stand for re-election...
Canon today announced its earnings report for the fourth quarter of 2011. Net sales for the quarter reached ¥964.8 billion (about $12.6 billion), up from the ¥916 billion the company reported last quarter, but down about 9.7 percent from Q4 2010. Quarterly operating profit, meanwhile, rose 14.2 percent on the year, to ¥94.6 billion ($1.2 billion). Profit for the full fiscal year, declined by 2.4 percent to ¥378.1 billion (approximately $4.9 billion), and compared with the ¥387.6 billion ($5.1 billion). The company raked in for all...
GetHired.com, the most comprehensive video-based social recruiting platform and job board, on Sunday announced that it has raised $1.75 million in seed funding. GetHired.com is basically a free service that empowers job seekers to differentiate themselves in the hiring process by creating video and audio profiles to accompany their resume – while assisting potential...
Groupon, the world’s largest online coupon website, had accused three of its former sales representative – Nikki Dorough, Brian Hanna and Michael Nolan of leaking out their “confidential trade secrets” when they moved to the search engine giant, Google. The workers said they decided independently of each other to join Google in the fall. Their countersuit was filed on Wednesday in the Cook County Circuit Court in Illinois, where Groupon had originally sued. The workers maintained that Groupon, by filing its complaint on October...
An Infographic from MBA Online that is going to get you to visualize just how mammoth a fortune Apple has created. Our favorite number from the graphic is that if you split Apple’s worth across its employees – each of its employees would get a $6.6 million dollars check. As amazing as the numbers are, each one points to how smart Apple has been in building...
According to multiple media sources, it is confirmed that the world’s largest social networking site, Facebook is going to file its paperwork for it’s to be called as “giant $100 billion” Initial Public Offering on coming Wednesday. Cited an unnamed source, Morgan Stanley is close to winning the IPO deal, while Goldman Sachs is expected to play a key role – according to the journal. The upcoming IPO – expected to raise $10 billion – would be a “trophy” for investment banks – resulting in a huge competition on Wall...
The world’s largest social networking site, Facebook, as we know – is now coming with its “giant $100 billion” Initial Public Offering documentation on coming Wednesday, according to a report from the Wall Street Journal. Speculation of a Facebook IPO heightened this week after news reports of a halt in trading in the company’s privately-held shares on the secondary market, which was said to be a signal that the firm was about to file papers. Earlier also the reports states that the possible chances seem to be there that, Facebook’s...
The former Apple executive Jon Rubinstein has left Hewitt-Packard after completing his 12-24 months commitment tenure with the company, according to the commitment period agreed when HP acquired Palm. Rubinstein left Apple in 2006 and joined Roger McNamee as a partner in the private equity firm Elevation Partners, following its 2007 investments in Palm. HP spokeswoman Mylene Mangalindan said, Rubinstein is said to have no immediate plans, and had completed a 12-24 month commitment to stay with HP after the acquisition. “Jon has fulfilled...
South Korean Electronics Giant Samsung on Friday reported record earnings for the fourth quarter last year results with a 17% rise in profits in the final three months of 2011. Samsung recorded an operating profit of 5.3 trillion won, or approximately $4.72 billion USD, on sales of 47 trillion won, or approximately $42 billion USD. Samsung said that its Galaxy line of mobile devices drove up revenue for the year by almost 40% compared with the previous year. Despite tough competition from the iPhone maker Apple in the smartphone market,...
