BlackBerry Eliminates 200 Jobs in Ontario and Florida

BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB) is eliminating 200 jobs including 125 at its headquarters in Ontario and 75 in Florida as part of its turnaround efforts. “As BlackBerry continues to execute its turnaround plan, we remain focused on driving efficiencies across our global workforce,” according to the Canadian technology company in a statement. BlackBerry already reduced its workforce from 17,500 in 2011 to 6,225 as of February 28, 2015. The company clarified that it is still firing in business areas that are growth drivers. BlackBerry’s BBM inventor among those affected Gary…

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iPhone Owners Frustrated; Error 53 Glitch Made their Devices Useless

A growing number of iPhone owners are frustrated with the “error 53” glitch, which was triggered when they updated their devices to the latest version of iOS 9. Thousands of iPhone 6 owners claimed that their devices became useless after updating their devices to the latest version of the operating system, which detected that their devices were repaired by a technician or service center not authorized by Apple Inc. (NASDAQ:AAPL). iPhone users are complaining that their iPhones were working fine even if their devices were fixed by a non-Apple technician.…

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VTech Holdings Limited Inks Deal to Buy LeapFrog for $72M

LeapFrog

The shares of LeapFrog Enterprises (NYSE:LF), a developer of educational entertainment for children, increased more than 71%  after the company agreed to sell itself to VTech Holdings Limited, a global leader in electronic learning products and cordless telephones. The stock price of VTech Holdings declined 1.4% to HKD$ 81 per share on Friday. Merger agreement between VTech and LeapFrog Under the merger agreement, VTech Holdings agreed to acquire the Class A and Class B shares of LeapFrog for $1.00 each or approximately $72 million. The acquisition price represents a 75.4%…

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Burger King Now Offering Extra Long Buttery Cheeseburger: Would You Like to Eat It?

Burger King started offering a new extra-long buttery cheeseburger with 710 calories on Monday. Would you like to eat it? The sandwich contains two beef patties topped with freshly cut onions, crisp iceberg lettuce, ketchup, melted American cheese, a buttery garlic flavored sauce and a creamy mayonnaise spread, and served on a warm toasted hoagie bun. Burger King has been increasing the competition with its peers in the industry. The burger chain operator is also offering an extra-long fish sandwich, extra-long cheeseburger, and extra-long BBQ cheese burger. Health conscious people will…

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Martin Shkreli Invokes Fifth Amendment Right at Hearing on Drug Pricing

Shkreli

Martin Shkreli, the former CEO of Turing Pharmaceuticals invoked his Fifth Amendment right to avoid self-incrimination at the Congressional hearing on drug pricing on Thursday. Last month, the U.S. House Committee on Oversight and Government Reform subpoenaed Shkreli to answer questions in connection with the decision of Turing Pharmaceuticals to suddenly increase the price of Daraprim by 5,000% from $13.50 to $750 a pill last year, when he was still the CEO of the company. Daraprim is an antibiotic used to treat a deadly parasitic infection called toxoplasmosis, which is…

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Cisco Systems to Buy Jasper Technologies for $1.4B

Cisco Systems

Cisco Systems (NASDAQ:CSCO), the largest network equipment manufacturer announced its decision to acquire Jasper Technologies for $1.4 billion to boost its initiatives in the growing connected devices market. According to Cisco, it would pay Jasper Technologies with cash and assumed equity awards, and additional incentives. Jasper Technologies is a privately-held company engaged in providing cloud-based platform for connected devices or Internet of Things (IoT) to help enterprises and service providers launch and monetize their IoT services globally. The network equipment manufacturer described Jasper Technologies as a leading IoT service platform…

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Yahoo Pursues Strategic Plan to Drive Growth

Yahoo

Yahoo! Inc (NASDAQ:YHOO) is pursuing an aggressive strategic plan including job cuts, office closures, and a reverse spinoff of its stake in Alibaba Group Holding to drive growth. The company’s strategic plan aims to reduce operating expenses by more than $400 million and generate more than $1 billion cash from divesting its non-strategic assets this year. Yahoo also wants to boost its Mavens businesses (mobile, video, native and social) revenue to more than $1.8 billion, increase its advertiser & consumer product quality and grow its daily active users (DAUs). Yahoo…

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What You Need to Know about Zika Virus

Zika is a disease caused by Zika virus, which is transmitted by Aedes mosquitoes that usually bite in the morning and late afternoon/evening hours. The virus was first identified in rehesus monkeys in Uganda in 1947 through a monitoring network of sylvatic yellow fever. Currently, there is no specific vaccine or medicine to treat Zika infections. In 1952, the Zika virus was identified in humans in Uganda and the United Republic of Tanzania. Outbreaks of Zika virus disease have been recorded in Africa, the Americas, Asia and the Pacific. People infected with…

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Microsoft Recalls 2.3M Power Cords for Surface Pro Due to Fire Hazards

Microsoft Surface Pro AC Power Cord Recall

  Microsoft Corporation (NASDAQ:MSFT) recalled around 2.3 million (including 190,000 in Canada) AC power cords for its Surface Pro computers due to fire and shock hazards, according to the U.S. Consumer Product Safety Commission. The recall involves Surface Pro, Surface Pro 2 and Surface Pro 3 computers sold before March 15, 2015.  The devices were sold at Microsoft stores, Best Buy (NYSE:BBY), Costco Wholesale Corporation (NASDAQ:COST), and other stores from February 2012 to March 15, 2015. The Surface Pro and Surface Pro 2 devices have a black case with the…

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