Nintendo's Satoru Iwata announced he will slash his pay in half following a 30 percent slump in profit over the nine-month fiscal period ending Dec. 31, 2013.Speaking to reporters, the Nintendo President said he will receive a reduced salary for five months in the wake of the third quarter results. Other Nintendo executives will take a pay cut between 20 and 30 percent.
Nintendo released its third quarter financial results today revealing an operating loss of just over $15 million for the nine month period ending Dec. 31, 2013, after dismal sales of the Wii U forced the company to slash its yearly forecast this month.The game maker recorded revenues of 499.1 billion yen ($4.8 billion), a drop of 8.1 percent compared to the same period last year, while reaping an operating profit of 21.7 billion yen ($210 million) in its third quarter even in the face of the overall loss. This is the result of slightly more robust sales of its Wii U console during the holiday season.Despite its profits for this period, Nintendo still estimates it will make losses over the full year. A dramatic decrease in profit during the fourth quarter is expected "due to seasonal factors as the year-end sales season concludes," reads a statement from the company.
Rdio and Shazam today announced the two companies have expanded their latest integration to an additional 29 countries. The feature, which arrived in six countries earlier this month, ensures your tagged songs are automatically added to a new playlist in Rdio called “My Shazam Tracks,” which removes the steps required to do it manually
The UK government is once again outlining plans to swap Microsoft’s Office software for open source alternatives. Ministers aim to save millions of pounds by moving away from the popular Office suite of applications. The Press Association reports that around £200 million ($331 million) has been spent on the software since 2010. Cabinet Office minister Francis Maude is expected to outline the plans during a speech later today. "The software we use in government is still supplied by just a few large companies," Maude will say. "A tiny oligopoly dominates the marketplace
Twitter's new head of news, Vivian Schiller, announced her first project today: a partnership with CNN and the New York startup Dataminr. The initiative will help journalists cover breaking news by making sense of the flood of public information on Twitter. Dataminr uses machine learning algorithms to analyze the Twitter firehose of data and highlight the needle in the haystack so CNN reporters can find the most important, relevant, and reliable facts and images from around the world.
Edward Snowden has been nominated for the Nobel Peace Prize by a group of Norwegian lawmakers who say his revelations about the US global surveillance program have contributed to transparency and global stability."The public debate and changes in policy that have followed in the wake of Snowden’s whistleblowing have contributed to a more stable and peaceful world order," the politicians said in their nomination letter.
A WhiteHouse.gov petition demanding that pop star Justin Bieber be deported has somehow managed to cross 100,000 signatures. That's the threshold required to earn an official response from the Obama administration. "We the people of the United States feel that we are being wrongly represented in the world of pop culture," reads the petition, which was created immediately after Bieber's recent run-in with the law. "We would like to see the dangerous, reckless, destructive, and drug abusing, Justin Bieber deported and his green card revoked."