brandon philbert

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BlackBerry billionaire Prem Watsa defends $4.7bn bid against market doubts

The Canadian billionaire behind a $4.7bn (£2.9bn) offer to take the ailing smartphone maker BlackBerry private has insisted he will complete the deal.<p>Prem Watsa, the chairman of Fairfax Financial, spoke out to defend his all-cash bid after BlackBerry shares tumbled 6pc on Wednesday. The closed a …

JustFab Raises $40 Million as It Preps Launch of New Brand

Add another milestone to a busy month-and-half for e-commerce women’s shoe brand JustFab: A Series C investment round of $40 million.<p>The subscription …

Indonesia: rupiah’s fall puts fuel subsidies back on the table

It took two years of vacillation before Indonesia’s cautious president, Susilo Bambang Yudhoyono, finally hiked government-administered fuel prices …

Ebay buys payments startup Braintree for $800M, yet another win for PayPal

Big news in the payments world this morning: eBay just announced that it has snapped up popular e-commerce payments processor Braintree for $800 million in cash.<p>Braintree’s technology gives companies a complete solution to accept payments, including credit cards, without worrying about extensive …

InterDigital -- Caught Between Dropping Blackberry Sales And Nokia Vs. HTC

As we march into the seasonally strong part of the year for mobile phone, smartphone and tablets sales, the investing community tends to get bullish not only on device manufacturers, but also key component and technology suppliers. Generally speaking the investing community has tended to look at …

T-Mobile yanks BlackBerry phones from stores after no one buys them

This one’s gotta sting.<p>T-Mobile is giving up on selling BlackBerry phones in its retail stores. T-Mobile corporate services VP David Carey told Reuters on Wednesday that T-Mobile is giving BlackBerry phones the boot after finding out what most of us already suspected: People just weren’t buying the …

Nokia’s outgoing CEO has a great excuse for not returning his €19 million bonus

The Finns are not happy with the €18.8 million ($25.5 million) bonus being handed out to Nokia CEO Stephen Elop as a result of the sale to Microsoft of Nokia’s devices business. In fact, they’re pretty mad. Trade union leaders are aghast (paywall), newspapers are outraged, and even the prime …

Nokia

Richard Branson has just initiated a nationwide scavenger hunt for a lost GoPro camera

Filmmaker Chris Jupe (and husband of actor Katy Cavanagh) was hanging out at Virgin Group founder Richard Branson’s family estate in Oxfordshire, doing the sort of things rich people do—an aerial shoot of the home via a GoPro camera suspended from a pair of balloons. Then the fishing line he’d …

Richard Branson

Nationwide IT glitch 'wipes balances and deletes accounts'

At this time of the month it might not be that unusual to log on to your online banking and find it somewhat depleted, but customers at Nationwide building society were shocked yesterday to find they apparently had no cash at all.<p>Following a computer glitch, which wiped balances and deleted …

A step-by-step guide to profiting off a 3-cent hike on US postage stamps

<i>This is an updated version of an article first published on Sept. 26, 2013.</i><p>The US Postal Service (USPS) has made it official: Anybody who wants to turn a quick profit at its expense will have an opportunity to do so come January.<p>As of January 26 next year, it will hike the price of a first-class …

Finance

PayPal Buys Braintree For $800 Million For Mobile Payments

EBay’s PayPal unit is acquiring startup Braintree, for $800 million as it moves aggressively into mobile payments.<p>PayPal is the incumbent in online payments with 132 million active accounts and made up 40% of eBay’s revenue last year. But as more consumers buy on mobile devices, PayPal is looking …

Gigaom | Yes, some people will pay you for your news — a really, really small number of people

Advertisement<p>As advertising revenue in the traditional media industry continues to decline, more and more newspapers and other publishers are putting …

Nike shares surge 6% on strong earnings, sales

Athletic apparel maker's fiscal Q1 revenue, net income beat Wall Street estimates.<p>Shares of athletic apparel maker Nike surged late Thursday to an all-time record high after the company's quarterly earnings bested Wall Street estimates.<p>Nike stock was recently added to the Dow Jones industrial …

JC Penney Announces Massive Share Offering, Stock Tanks

Shares of the troubled department store chain are down by around 5% following the news.<p>Investors punished the stock on Wednesday after a Goldman Sachs published an extremely bearish report on the company.<p>"In our view, a combination of weak fundamentals, inventory rebuilding, and an underperforming …

Goldman Sachs

Nestle 'looking to sell PowerBar business'

Nestle, the world's largest food company, is looking to sell its PowerBar energy bar business, a pioneer of sports nutrition products, according to reports.<p>The sale of PowerBar, whose products can be bought in health food shops in the UK, could fetch several hundred million dollars, Reuters claimed.<p>…

Google must face suit over scanning of messages in Gmail, judge rules

SAN FRANCISCO -- A San Jose federal judge has ruled that Google must face a lawsuit that accuses the tech giant of illegally opening and reading the contents of email sent through its Gmail service in violation of federal wiretapping statutes.<p>"The court finds that it cannot conclude that any party …

Targeted Advertising

Insurance Brokers Finding Opportunity in ObamaCare Confusion

Questions surrounding the ObamaCare enrollment process and the affordability of available plans have led to a great deal of confusion – creating a major opportunity for some insurance brokers.<p>Ahead of next week’s scheduled launch of the online health-care marketplaces, some enterprising brokers …

Nigerian Oil Tycoon Kola Aluko Supports AfDB's $500 Million African Development Fund

Nigerian oil magnate Kola Aluko and Ghanaian-born British fashion designer Ozwald Boateng were among dignitaries who joined the launch event of <i>Africa50′s</i> Project development vehicle, a $500 million African infrastructure project development fund founded by the African Development Bank …

Burger King's New French Fry Has a Twitter Hashtag #Fail

If you’ve been in a cave the past few days, let me fill you in: Burger King has introduced a new, lower-fat French fry known as Satisfries, after two years of top-secret food development with its regular fry supplier McCain Foods.<p>Then they tried to promote it in social media…and ran into a …

US student debt: $1.2 trillion, and rising

US student debt remains impervious to the forces of deleveraging.<p>The latest official numbers from the Federal Reserve peg the total amount of outstanding US student debt at $1.18 trillion as of the end of the second quarter.<p>While most Americans have worked to cut down on debt after the Great …

Economics

N.Y. accounting exec arrested in Madoff fraud

Indictment against Paul Konigsberg says outsiders helped Madoff keep Ponzi scheme secret.<p>The accountant for many of Bernie Madoff's wealthiest clients has been indicted on charges that he helped carry out the financier's massive Ponzi scheme by falsifying account statements and trading records.<p>Paul …

Intel's internet TV project may be falling apart

Intel promised to unveil an internet TV service by the end of 2013, but with just months to go, the project's prospects may be floundering. According to <i>All Things D</i>, Intel needs additional funding to keep the project going. It's reportedly spoken with both Amazon and Samsung about the possibility …

Apple to expand iPad’s reach with Staples deal next month

Apple and Staples have struck a deal for the United States office supply retail chain to sell both iPads and iPods beginning next month, according to a source with knowledge of the deal. This person says that several versions of both the iPad and iPod will be available via the Staples Online Store …

Ballmer bids tearful farewell to Microsoft, promises it will 'deliver the next big thing'

Microsoft's Steve Ballmer bid farewell to employees today at his final company meeting as CEO. After announcing his intentions to retire within the next 12 months, Ballmer's speech today was clearly an emotional moment for him personally. According to sources familiar with the meeting, Ballmer told …

Cloud-Based Phone Service RingCentral To Debut At $13 On NYSE, Offering 7.5M Shares To Raise $97.5M

RingCentral, the cloud-based phone service, will open trading tomorrow on the New York Stock Exchange at $13 per share, offering 7.5 million shares and raising $97 million. It will trade under the ticket symbol “RNG.”<p>Violin Memory, a Flash memory provider, will also debut tomorrow under the symbol …

Japan's consumer prices rise on higher energy costs - BBC News

Finance

Microsoft building a single app store for the next Windows Phone and Windows releases

Microsoft is planning to combine its Windows Phone Store and Windows Store into a single app store. Sources familiar with the company's plans have revealed to <i>The Verge</i> that Terry Myerson, head of the operating systems group, confirmed the move in an internal company meeting today attended by …