Business News

Square Crosses $10B in Transactions/Year

Mobile payments processor Square announced that it is now pushing over $10 billion worth transactions per year. The company crossed the $5 billion per year mark just this spring, and $8 billion/yr. from a few weeks ago. Its recent deal with Starbucks is doing wonders.

Panasonic to Slash 10,000 Jobs by Q2-2013

Panasonic is bound to axe as many as 10,000 jobs by the end of March, 2013. A fifth of the company's 88 business units are incurring operating losses, and half meeting the 5% margin. The CFO set a $2.5 billion profit target for March 2014, to result from the upheaval.