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Samsung admits its Chinese supply chain STILL has labour-rights and safety problems

Samsung has admitted that its Chinese suppliers are still guilty of legal and safety violations, despite its repeated promises to clean up its factories. In its annual sustainability report, the firm said that this year’s audits had found a number of instances of poor working conditions for people at 100 of its suppliers. The …
Marissa Meyer

Hey, Marissa Mayer: Flexi working time is now LAW in UK. Yahoo!

Britain has today introduced new flexible working laws which could finally free beleaguered wage-slaves from the misery of office-based working. At least, that's the promise of the new laws, which allow people to ask their bosses for compressed hours, part time work or any other arrangement which allows them a few precious hours …
Jasper Hamill, 30 Jun 2014

HP in 'serious' settlement talks over Autonomy legal bust-up

Hewlett-Packard seems poised to settle a lawsuit with shareholders over its $10.7bn purchase of Mike Lynch’s software company, Autonomy. The computer company said in a statement that it is in “serious discussions” to settle the suit, brought in November 2012 by angry shareholders. “No final deal has been reached yet,” HP said …
Gavin Clarke, 30 Jun 2014

Maplin Electronics sold for £85m to Rutland Partners

Electronics retail chain Maplin has been sold to a private equity firm for £85million - just a third of what it was acquired for a decade ago. Rutland Partners has snapped up Maplin and promised to use "change, restructuring and investment" in the pursuit of profitable growth. In a canned statement, Nick Morrill, managing …
Paul Kunert, 27 Jun 2014
Yahoo search results refined

Yahoo!: Yes you, YouTube content-maker. GET IN MAH BELLY!

Yahoo! has put in a bid of $250m for YouTube content creator Fullscreen as it continues its policy of gobbling up firms to try to bolster its presence. The Purple Palace is in competition with existing shareholder The Chernin Group for the media company, Sky News reported. Chernin Group is an investment vehicle that was launched …
GoPro HD Hero

Strap-on cam pro GoPro in IPO share grow show

GoPro’s shares soared on its stock-market debut, gaining 30.5 per cent to give the wearable camera-maker a market value of $3.9bn. The firm’s clip-on high-def video cameras, beloved of extreme sports enthusiasts and amateur rocket-builders, have become the top-selling camcorders in the world, according to beancounters at IDC. …

Google: Glass goggles are a 'fairly lousy surveillance device'

Google's creepy Glass wearable could breach Britain's Data Protection law, the Information Commissioner's office has warned. The ad giant began flogging the device in Blighty this week for £1,000 a pop. That move prompted the country's data watchdog to outline the "privacy implications of wearable technology" in a blog post …
Kelly Fiveash, 27 Jun 2014
Evil Android

Android SMS worm punts dodgy downloads... from your MATES

Internet ne'er-do-wells have put together a strain of Android malware that spreads like a email worm rather than acting like a conventional trojan. Selfmite spreads by automatically sending a text message to contacts in the infected phone’s address book. Theses SMS messages contain a URL that redirects to the malware: ‘Dear [ …
John Leyden, 27 Jun 2014

You're inventing the wrong sort of tech for bad people who want to buy it. Stop it at once

Worstall on Wednesday The comical success of the messaging app Yo is apparently proof perfect that Silicon Valley is doing everything wrong. It is supposedly proof, if any were needed, that the hypercapitalism of the tech scene means that people just hunt for the next quick flip rather than attempting to grapple with the real problems that besiege …
Tim Worstall, 25 Jun 2014
Sony PV-100 Videocorder

Sony CEO forced to shush shareholder heckling at fiery AGM

Sony yesterday endured a fiery annual general meeting at which investors heckled CEO Kazuo Hirai. Over a decade of strife, the Japanese giant has become a byword for red ink, failed turnarounds and missed boats. Rivals like Samsung and LG have thrashed it in old markets like televisions while Apple beat it into new markets like …
Simon Sharwood, 20 Jun 2014
Oracle Termites

Oracle shares pummeled after giant reports glacial growth

Oracle's shares dropped sharply after the database giant reported results that – yet again – missed analysts' expectations. Ellison & Co. reported revenues of $11.32bn and an earnings-per-share (EPS) of $0.92 for its fourth financial quarter of 2014 on Thursday, missing analyst expectations of $11.48bn and an EPS of $0.95. …
Jack Clark, 19 Jun 2014
Red Hat Shadowman logo

Rising Red Hat reaps rewards of cloud growth

Open source software vendor Red Hat once again showed strong growth in the first quarter of its fiscal 2015, with rising revenues driven by strong sales to enterprise customers. "We now count 94 per cent of the Fortune 500 and 90 per cent of the Fortune Global 500 as customers," Red Hat CEO Jim Whitehurst said in a canned …
Neil McAllister, 19 Jun 2014
BlackBerry logo

BlackBerry bottoms out: Vows to wow with new Berries

BlackBerry is staying in the handset market by the skin of its teeth by confirming two new models will arrive this year. The two new devices will be called BlackBerry Passport, a full touch device, and BlackBerry Classic, a QWERTY model designed to alleviate the awkwardness of BB10. The Passport and Classic will be released in …
Andrew Orlowski, 19 Jun 2014

Digital Post Australia goes titsup in orderly fashion

Having fought a lawsuit against Australia Post (the nation's postal service) to have the right to offer its service, the much-hyped but ultimately-unwanted Digital Post Australia (DPA) is shutting down, saying its service is “not sustainable at this time”. DPA's closure might give pause to communications minister Malcolm …
The before and after effects promised by Dove's fake Photoshop action

Adobe all smiles as beret bods spaff cash on non-cloud Creative Suite

A late rally from Adobe customers wanting to buy software on a perpetual license before that option closed this month, coupled with a swelling base of cloudy converts, helped boost the developer's coffers in its fiscal second quarter. Adobe turned over $1.07bn in revenues in the three-month period ended 30 May, up from $1.01bn a …
Paul Kunert, 18 Jun 2014
grab_that_cash

Today's get-rich-quick scheme: Build your own bank

Worstall on Wednesday Here's a great get-rich-quick idea: Go build a bank. No, really, it's an industry that's ripe for the plucking at present. One way to think about banking is to divide it into four different types: transaction, savings, commercial and investment. Investment banking is all that City-style markets 'n' stuff; commercial is trying to …
Tim Worstall, 18 Jun 2014

Level 3 gobbles rival TW Telecom in $5.7bn deal (that's 5 Instagrams)

Internet backbone provider Level 3 has bought its competitor TW Telecom in a cash and stock mega-deal valued at $40.86 per share. The planned $5.7bn merger, if waved through by US regulators and shareholders, would further consolidate the telco market stateside. "We believe this is a financially compelling and very strategic …
Kelly Fiveash, 17 Jun 2014
money_yen_dollar_pound

EU probe into Apple's taxes: It's NOT to do with double-Dutch-Irish anything sandwiches

As already reported here at El Reg, Apple is being investigated by the EU over its tax “deal” in Ireland. The interesting part of the whole story is that it has pretty much nothing at all to do with all of the things that people normally complain about concerning Apple's taxes. It isn't, for example, about the way that the …
Tim Worstall, 12 Jun 2014
Canary Wharf at night

Bank of England plans to shove cyber-microscope up nation's bankers

The Bank of England today announced it plans to penetrate Blighty’s banks to test the security of their critical computer systems. Speaking to the British Bankers’ Association, the BoE's exec director of resolution, Andrew Gracie launched CBEST [PDF], a new defence-testing programme that mimics crims who attack crucial networks …
Stock ticker board

sTec flash founder cleared of insider trading charges

The wheels of SEC justice in the US grind exceedingly slowly and sometimes uselessly. Manouche Moshayedi, the founder and CEO of sTec, has just been cleared of insider trading charges filed almost four years ago. Since then sTec’s business has tumbled and it was bought by Western Digital for $340m – which was characterised as a …
Chris Mellor, 9 Jun 2014
Measuring up Apple

You'll never believe it: Apple stock is going for CHEAP

Frantic fanboi investors might be freaking out today as Apple stocks appear to have lost 85 per cent of their value over the weekend, with the price dropping from around $645 to an opening price of $92.22. But fear not, Apple lovers. The apparent plummet is just a bit of share shuffling to try to reignite investor interest in …
Team Register, 9 Jun 2014
Elon Charges a tesla S

Look inside ELON MUSK'S CAR! Tesla S wundervehicle has voom

The Model S isn’t the car Tesla wants to sell. At an event in London over the weekend when the company handed over the first right-hand drive to UK customers – including mummy-pr0n purveyor EL "50 Shades of Grey" James – SpaceX bigwig Elon Musk said the car was “more expensive than we would like”, and that he would like to thank …
Simon Rockman, 9 Jun 2014

Bechtolsheim's baby Arista Networks soars in stock market debut

Arista Networks has gained in its stock market debut, likely causing some employees at networking giant Cisco's competitive intelligence team to put together some slides on what the implications of a wealthy, publicly-listed competitor are for networking incumbents. Arista's stock increased 33 per cent on its debut day to $57 …
Jack Clark, 6 Jun 2014

Piketty thinks the 1% should cough up 80%. Discuss

Worstall on Wednesday Piketty's Capital in the 21st Century has the economics world agog: be the first among your friends to really understand it. Thomas Piketty's book, Capital in the 21st Century, has managed to top the Amazon bestseller lists as well as getting economists snarling at each other. It's the combination of these feats that is so …
Tim Worstall, 4 Jun 2014

SEC: We won't slap IBM over its cloud revenue reporting

IBM has announced that it has avoided any regulatory action over the way it reports its revenues from cloud computing after the US Securities and Exchange Commission completed its investigation. The company said in a filing that it had been notified that the market authority wasn’t planning any action over its cloud business. “ …

Crikey! Three can buy O2, EU regulator says

The European Commission has approved Telefonica’s sale of O2 in Ireland to mobile network operator Three, in a deal originally proposed in June. This makes the network the second largest in the country behind Vodafone, but, as ever in these deals, the Hutchison Whampoa-owned Three - which paid €850m for the network - claims …
Simon Rockman, 2 Jun 2014
management regulation2

Oi, ebook price fixer. Yes, you, Apple – stop whinging and get your chequebook out

A US appeals court has rejected Apple’s attempt to delay the damages trial over its ebook price-fixing scandal. The iPhone maker had hoped to postpone the hearings until after it’s had a chance to appeal its guilty verdict. In a very short order, seen by The Register, the Court of Appeals for the Second Circuit in New York …

About to make a big bet? Don't crash out, cash in with the power of maths

Big Data's Big 5 When and how to make change to a successful business or popular website can be a huge risk. Get things right and - at best - nobody notices. Get things wrong, however, and you run the risk of losing business and suffering a damaged reputation. A good recent example is that of film and TV service Netflix, whose fluffed …
Mark Whitehorn, 29 May 2014
Cisco CEO John Chambers speaking at Cisco Live! 2014

John Chambers sold millions of shares on first day of Cisco Live!

Update Paperwork filed with the Securities and Exchange Commission show that as Cisco's CEO was wandering around the Moscone Center keynote room delivering his annual address to the Cisco Live! Conference, his brokers were selling shares in the company hand over fist. According to the latest SEC Form 4 filing, Chambers sold 2,050,000 …
Iain Thomson, 24 May 2014

HP says 'turnaround remains on track', cuts thousands of workers

HP has handed in a tepid set of financial results with a surprise note saying it expects to lay off even more employees, as the company trudges down an unknown path into a new IT world. The company reported revenue of $27.3bn and earnings per share of $0.88 on Thursday, meeting analyst earnings expectations but narrowly missing …
Jack Clark, 22 May 2014
Salesforce.com protest at Oracle OpenWorld

'I run my business from my phone' says Benioff as Salesforce shovels $93m into the furnace

Salesforce is in the fortunate business where it can simply raise its cloud-coated hand in the air and a fraction of the trillions of dollar bills being blown around the global economy will stick to it. At least, that was the message on the enterprise software-as-a-service company's first quarter earnings call for its fiscal …
Jack Clark, 20 May 2014
GoPro HD Hero

Strap-on gumble biz GoPro files for stock market debut in US

Video Wearable camera-maker GoPro has filed with US regulators to raise at least $111m in an initial public offering. The firm, which markets its rugged wee point-and-shoots to sports enthusiasts, is breaking the mould for startups that want to go public by actually being profitable. The firm earned $60.6m in 2013, after it almost …
Vodafone UK booster brolly

Vodafone: Soz investors, we wrote down £6.6 BEELLION on Euro ops

+Analysis Vodafone’s disappointing results pulled down the share price today after it announced a whopping £6.6bn writedown of its Europe operations. The impairment charges – which resulted in a group revenue slippage of 1.9 per cent from £43.8bn to £43.6bn – were due to competition and regulatory changes in Europe, said the telco. We …
Simon Rockman, 20 May 2014

Gee thanks, Ofcom! BT 'pleased' to hang onto pricing 'freedom' for Openreach fibre product

BT claimed this morning to be chuffed with a series of regulatory proposals from Blighty's communications watchdog. They include a push for faster repair times from its Openreach arm and a decision not to impose price restrictions on the telecoms giant's fibre products. Ofcom also confirmed today that it planned to cut wholesale …
Kelly Fiveash, 20 May 2014

Bolshy investor takes another bite of Apple, ups stake to $4.4 BEEELLLION

Carl Icahn has now slurped more than 7.5 million Apple shares, raising his stake in the fruity firm to a whopping $4.4bn. According to a recent Securities and Exchange Commission filing, Carl the Conqueror bought 2.8 million shares worth almost $1.65bn during March. Apple stock is now worth $588.82. Big Carl is referred to as …
Jasper Hamill, 16 May 2014
Google_Hummingbird

Builder could lose golden ticket to Google's King Cross chocolate factory

Google will not start work on its swanky London headquarters for another three years, the head of the firm which won the main contract for its construction has admitted. It is now likely that BAM Construct will lose the contract to build the Kings Cross HQ, as it may be put out to tender. In the annual report, Graham Cash, …
Jasper Hamill, 16 May 2014
Uber logo

WORLD LOSES MIND: Uber valued at TEN BEEELLION DOLLARS, Pinterest pegged at $5bn

San Francisco-startup and bane of taxi drivers Uber is in talks for funding that would value the startup at an astronomical $10bn. Despite its increasing trouble with regulators and cabbies, the upstart must still look like a pretty good bet to investors, since it’s hoping to raise a little less than $1bn from private equity …

Shazam! Record labels shovel $9m into name-that-song app

Three of the world's biggest record labels have clubbed together to invest in London-based name-that-tune firm Shazam. Access Industries, the company which owns Warner Music Group, and Universal Music Group owners Vivendi have teamed up with Sony Music Entertainment to each take a rumoured $3m stake in Shazam. Recent estimates …
Jasper Hamill, 15 May 2014
Max Headroom

TalkTalk broadband growth WANES as it reports surge in pay-TV customers

TalkTalk watched its broadband growth slip in the budget telco's final quarter, with 136,000 Brits signing up to the service compared with 193,000 new customers in the same three-month period in 2013. The company said in its Q4 results, ended 31 March, that its total broadband base now stood just shy of 4.2 million punters. …
Kelly Fiveash, 15 May 2014
Dixons Carphone Warehouse

Dixons and Carphone Warehouse confirm £3.7bn MEGA-BORG

Dixons Retail and mobile phone shop Carphone Warehouse have confirmed their £3.7bn merger after months of talks, creating one of the biggest retailers in Blighty. Dixons, which already owns Currys and PC World, will combine with the mobe-purveyor to form Dixons Carphone in a 50:50 merger, rather than an acquisition of one side …

Optus buries nasty for NBN Co in its annual results

A strong – almost stunning – rate of 3G-to-4G conversion hasn't stopped Australia's number two mobile carrier Optus losing mobile customers to market leader Telstra, and only its rigorous cost-cutting has allowed the carrier to return a profit for FY 2013-2014. Although the carrier's 4G base shot up from 785,000 people in 2013 …
Ciscoblood

Battered Cisco weathers another stormy quarter

Cisco CEO John Chambers said he was "pleased" with the company's performance for the third quarter of its fiscal 2014 – and it beat analysts' expectations yet again – but the networking titan's actual earnings were not much better than last quarter's gloomy results. Revenues for the three months ending on April 26 were $11.55bn …
Neil McAllister, 15 May 2014