The world’s largest supplier of solar panels, Suntech Power Holdings Co. (NYSE:STP), says that it will shut down two of three production shifts so as to shrink its workforce at its Goodyear, Arizona factory. The release by the firm blamed the slowdown in output to world oversupply along with steeper production costs linked to recently imposed import tariffs by the United States government.
Yahoo! (NASDAQ:YHOO) Chief Executive Marissa Mayer is bringing Jay Rossiter back to the fold after his exit under the former chief Scott Thompson. An internal memo on Thursday said that Rossiter will lead Yahoo’s platforms endeavor by “focusing on the tools and technology supporting our externally-facing products.”
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Google (NASDAQ:GOOG) has recently been in discussion with Dish Network Corporation (NASDAQ:DISH) in regards to collaborating on a new wireless service which could compete with the networks of wireless carriers like Verizon Wireless and AT&T, according to inside sources, who also remarked that the talks are not advanced and might not lead to any significant moves
On Friday, Facebook (NASDAQ:FB) launches a new tool that will permit online retailers to keep track of purchases by members of the social network who have seen their ads. The tool marks the most recent offering of new advertising features from FB intended to convince marketers that diverting advertising dollars to the company will pay off. David Baser, the firm’s product manager for its ads unit, said that, “Measuring ad effectiveness and outcomes is absolutely crucial to all types of businesses and marketers,” and that customers have been asking for the “conversion measurement” for quite a while.
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