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Navigon - No More PNDs in No. America

Posted by Sheila Franklin Categories: Corporate News, GPS,

Navigon 7200TGermany based Navigon is leaving the PND market in North America. CEO Egon Minar says that they are downsizing their Chicago office but will still take care of their existing customers with map updates, etc. Apparently they were losing money to more basic, cheaper GPS devices. Instead, they will concentrate on its mobile division by offering its technology to smartphones. They recently signed a deal to equip T-Mobile in Germany, so perhaps they will extend themselves to the states.

Read More | GPS Business News


Layoffs for MTV, Paramount and NBC Universal

Posted by Veronica Santiago Categories: MTV, NBC, News,

NBC Universal logoNot even those reporting on the nation’s massive layoffs are immune from them.

Today, continued the downsizing of its worldwide workforce. Hoping to reduce its upcoming budget by $500 million, the company began laying off approximately 500 staff members - including people from the NBC News division - earlier this week. That number equates to approximately 3% of the total corporation. Sources claim that several correspondents have been cut while Donny Deutsch’s CNBC Show, The Big Idea, has been put on hiatus. (Apparently it’s getting harder to find successful entrepreneur stories at this time.)

Meanwhile, Variety reports that 300 staffers from MTV Networks and 100 employees from also became casualties of the economic downturn.

Read More | Variety

Atari Restructures, Hires New CEO, Starts Printing Pink Slips

Posted by Michael Cardiff Categories: Corporate News, Retro,

David Hyde PierceLooking to end their reverse Midas touch (everything they publish seems to veer away from gold these days), Atari today announced that they are hiring a new president and CEO. David Pierce (no, not THAT David Pierce), former executive vice president of Sony Wonder (Sony’s children’s video and home video arm), will be taking the reins of the troubled videogame maker effective immediately.

Pierce has a strong track record in a variety of entertainment industries and may help Atari to become profitable in the coming months (hopefully without selling off any other major franchises). It should be interesting to see how Pierce plans to put Atari back in the black - if he’s of the “old” school of business, we can expect to see major layoffs and downsizing. Hopefully, Pierce also recognizes that hiring a few top-of-the-line creative talents is what Atari really needs.

Read More | Reuters