Suntech to Shrink Workforce, Google Talks With Dish: Tech Business Wrap

| + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

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.”

Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.

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.

Don’t Miss: Is the New Google Maps for Apple Almost Here?


More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business