Twitter laying off up to 336 people, 8 per cent workforce as new CEO cracks down on expenses

October 15, 2015 11:35 AM0 comments
Twitter laying off up to 336 people, 8 per cent workforce as new CEO cracks down on expenses

SAN FRANCISCO – Twitter is laying off up to 336 employees, signalling CEO Jack Dorsey’s resolve to slash costs while the company struggles to make money. The cutbacks announced Tuesday could equate to about 8 per cent of Twitter’s workforce of 4,100 people. The purge comes two weeks after Twitter […]

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$67 billion buyout of EMC (NYSE:EMC) Corp by Silver Lake and DELL

October 12, 2015 4:18 PM1 comment
$67 billion buyout of EMC (NYSE:EMC) Corp by Silver Lake and DELL

    $67 billion buyout of EMC Corp by Silver Lake and DELL Silver Lake has broken private equity’s golden rule about not having too much exposure to a single company. Two years after helping to take Dell Inc. private in a $24.9 billion buyout, private equity firm Silver Lake […]

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Big U.S. firms hold $2.1 trillion overseas to avoid taxes

October 7, 2015 1:07 AM1 comment
Big U.S. firms hold $2.1 trillion overseas to avoid taxes

The 500 largest American companies hold more than $2.1 trillion in accumulated profits offshore to avoid U.S. taxes and would collectively owe an estimated $620 billion in U.S. taxes if they repatriated the funds, according to a study released on Tuesday. The study, by two left-leaning non-profit groups, found that […]

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Edward Snowden Reveals What He’s ‘Volunteered’ to Do ‘Many Times’ to Come Back to the U.S.

October 5, 2015 9:00 PM0 comments
Edward Snowden Reveals What He’s ‘Volunteered’ to Do ‘Many Times’ to Come Back to the U.S.

Edward Snowden said in a Monday BBC interview that he would be willing to go to prison in exchange for being able to return to the U.S. The former National Security Agency contractor, who has been in Moscow since disclosing classified information on the way the agency operates, told the […]

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TELUS TSE:T Announces world’s fastest Internet in the world is coming to Vancouver

October 2, 2015 9:53 PM3 comments
TELUS TSE:T Announces world’s fastest Internet in the world is coming to Vancouver

Today TELUS announced a $1 billion fibre optic infrastructure upgrade that will supply B.C. with the world’s fastest wireless technology, “connecting Vancouver’s citizens to the fastest and most reliable internet services available anywhere.” “Our’s is an investment that will be felt for generations to come with speeds of 150mb per […]

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Sprint Corp NYSE: S to cut up to $2.5 billion in costs, layoff workers in next six months

8:10 PM1 comment
Sprint Corp NYSE: S to cut up to $2.5 billion in costs, layoff workers in next six months

NEW YORK Sprint Corp NYSE: S recently tumbled behind T-Mobile NYSE: TMUS into fourth place among U.S. wireless carriers. And now Sprint CEO Marcelo Claure has the company on the verge of drastic cost cuts. Sprint told USA TODAY that it plans to significantly reduce spending, but it didn’t specify […]

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