Financial Stories November 3, 2015

Google VP of Finance Jason Wheeler joins Tesla as CFO

Stephen Hall - Nov. 3rd 2015 2:55 pm PT

Tesla has a new CFO, and he’s coming to the electric car maker from Google. Jason Wheeler is currently VP of Finance at the Mountain View company, and he’s joining Tesla next month via a transition with current CEO Deepak Ahuja overseeing. This comes five months after Ahuja confirmed at Tesla’s 2015 Annual Shareholders Meeting that he would be retiring…

Tesla just released its Q3 earnings report, and the company’s stock is up around 10% in after-hours trading. Google is one of Tesla’s biggest competitors in regards to future autonomous vehicle prospects, but it’s clear that the motor company has been a bold poacher of other large Silicon Valley companies’ employees. It appears that Google isn’t excluded.

Financial Stories October 12, 2015

Google takes part in $100 million funding round for secure messaging startup Symphony

Stephen Hall

- Oct. 12th 2015 7:33 am PT

@stephenhall_

Reports surfaced last week suggesting that Google was in talks to invest in secure messaging startup Symphony, and a new report out Monday morning (via Re/code) suggests that the company is about to announce $100 million in funding raised in a recent round from several investors including — as was reported — the Mountain View company… expand full story

Financial Stories August 13, 2015

HTC will cut 2,250 jobs by year’s end as part of restructure

Cam Bunton

- Aug. 13th 2015 6:05 am PT

@CamBunton

Android Samsung HTC Huawei IPhone

In a move that’s no surprise to anyone who’s been following HTC news recently, the company just announced that it’s going to cut 15% of its workforce. Some 2,250 people will lose their jobs as part of the company’s aim to cut 35% of its expenses before 2016 rolls in.

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9to5Toys

Financial Stories October 29, 2014

Samsung reports 74% drop in mobile profits as Galaxy sales continue to decline

9to5 Staff

- Oct. 29th 2014 7:33 pm PT

@rsgnl

Samsung Tech Industry smartphones Galaxy earnings

Galaxy-Alpha-smartphones-01

After warning investors that its third-quarter financial results will once again miss analyst expectations, Samsung on Wednesday reported a 74% drop in mobile profits during the three-month period ending September. The reason behind the significant decline: not as many people are buying the latest Galaxy smartphones as they used to. expand full story