Corporate and legal

Google Fiber heads to Shawnee, Kansas

Google Fiber is making its way to another part of Kansas.

The search giant on Thursday announced that Shawnee, located just outside of Kansas City, has voted to bring Google Fiber to its residents. Google Fiber is already available in Kansas City, the first location to get the Google high-speed Internet service.

Google Fiber has started to slowly expand its footprint across the U.S., with the company recently announcing that it'll be made available to Austin, Texas, residents. Provo, Utah will also receive Fiber service.

Google on Thursday did not say when its service will be available to … Read more

Finally, some good news for LightSquared and its 4G hopes

Things might finally be looking up for LightSquared, the much ballyhooed wireless startup with big plans to blanket the U.S. with 4G LTE service.

The company, which seemed doomed a year ago after the GPS industry successfully lobbied against its efforts to use 40MHz of unused satellite spectrum for terrestrial wireless broadband, may be getting a second chance after all.

This week the company received approval from the Federal Communications Commission to test the feasibility of sharing spectrum with the federal National Oceanic and Atmospheric Administration (NOAA). If all goes well with the testing, the company could use this … Read more

BlackBerry 10 wins Pentagon's security approval

BlackBerry 10 devices have succeeded in passing the rigorous U.S. Department of Defense security requirements, according to Reuters. The agency approved on Thursday the company's entire line of devices running on its new operating system, which includes BlackBerry Z10 and Q10 smartphones, and BlackBerry PlayBook tablets.

BlackBerry, Apple, and Samsung have all recently been in the running to get security approval for their newest devices to be used by the Department of Defense's some 3 million employees. BlackBerry is now the first to get approval. It's expected that both Apple and Samsung will also get authorization … Read more

Intel has a new CEO: Now what?

Intel decided to play it safe with its next leader.

By going with tradition and tapping an insider, Chief Operating Officer Brian Krzanich, as its new CEO, Intel is signalling to the world that it has no intention of making any radical changes.

Nevertheless, Krzanich will need to make some big moves if Intel is to retain its dominant position in the technology world. The choices he makes in the coming months and years will have a big impact, not only on the company, but also on the future of the broader computing arena.

Krzanich takes over at a time … Read more

Google drops cash into Lending Club for minority interest

Google has dropped a significant investment into loan-pairing company Lending Club, the companies announced today.

Lending Club announced today that Google has invested in its operation to take a minority stake in the company. Lending Club didn't say exactly how much Google invested, but did say that it was part of a $125 million round of financing. Google and another investor, Foundation Capital, acquired shares from existing investors.

Since its founding in 2007, Lending Club has been growing significantly. The company facilitates loan transactions between those who need cash and those who are willing to dole it out. Lending … Read more

Intel's next CEO: Manufacturing chief Brian Krzanich

Intel has named Chief Operating Officer Brian Krzanich as its next CEO to succeed Paul Otellini as head of the chip giant in a couple weeks.

In addition, Intel appointed Renee James to the role of president. She previously served as the executive vice president overseeing Intel's software and services group.

Krzanich joined the Santa Clara, Calif., company in 1982 and has worked in many different technical areas since that time. He now runs the company's manufacturing operations and also oversees supply chain, human resources, and information technology operations following his appointment as chief operating officer in January … Read more

J.C. Penney apologizes for former Apple exec's moves

J.C. Penney has launched a new ad campaign apologizing for the decisions made under Ron Johnson, its former chief executive and Apple's one-time retail chief.

The new ad, posted to YouTube, focuses people in different locations as a narrator acknowledges the company's recent mistakes that left customers unhappy and pushed revenue down billions of dollars.

"It's no secret, recently J.C. Penney changed," the narrator says over the ad. "Some changes you liked and some you didn't, but what matters from mistakes is what we learn. We learned a very simple thing: … Read more

Comeback kid? LG eyes break in U.S. with Optimus G Pro

When LG was developing its first phablet, known globally as the Optimus Vu but in the U.S. as the Intuition, the head of the mobile division, J.S. Park, supposedly obsessed over the slide-top mechanism that covered the charging port, sending back prototype after prototype to his designers.

One was too fast, one was too loose, and another was too slow, according to a story related by James Fishler, head of marketing for LG's U.S. division, one he characterized as LG folklore. Park was convinced that the little detail was an important detail that consumers would focus … Read more

HTC Q1 profit plunges 98 percent, despite HTC One launch

The HTC One launched too late to save the Taiwanese company's first-quarter results.

Net profit for the handset maker tumbled to NT$85 million ($2.85 million) from NT$4.5 billion ($152 million) a year ago, a drop of 98 percent.

It's the company's lowest quarterly profit since 2004. Revenue plunged too, to NT$42.8 billion from NT$67.8 billion, the company confirmed in Thursday's earnings call.

The company did not reveal how many units of the HTC One it has so far sold, but said it expected revenues to jump in the … Read more