TechTaffy

tech:

taffy

RadioShack, Target Dissolve Mobile Partnership

By TechTaffy Desk

[Techtaffy Newsdesk]

RadioShack has terminated its relationship with Target, where it helps operate Target Mobile in 1,500 Target stores, effective April 8, 2013.

The RadioShack and Target partnership provided RadioShack access to manage Target’s post-paid mobility business, but RadioShack did not manage the prepaid mobility business or accessories offered in Target stores.

Since October 2012, RadioShack had been renegotiating the terms of the relationship with Target. At that time, RadioShack executed a termination notice that would allow the company to exit the Target business if an agreement could not be reached.

“In order for RadioShack to have continued this relationship, we needed to establish a new agreement that would be financially appealing to both companies,” said Telvin Jeffries, RadioShack executive vice president, chief human resources officer, and general manager of retail services “Ultimately, we amicably agreed to dissolve the relationship.”

Upload: 02-08-13

Just in

AI

OpenAI introduces new enterprise features

OpenAI announced new features aimed at enterprise users on Tuesday, at the wake of Meta's recent LLama 3 announcement.
Around the web

Oracle is moving its world headquarters to Nashville to be closer to health-care industry — CNBC

Oracle Chairman Larry Ellison said Tuesday that the company is moving its world headquarters to Nashville, Tennessee, to be closer to a major health-care epicenter, writes Ashley Capoot.
Industry

Square expands offline payments globally

Payment processing company Square has announced the expansion of its offline payments feature to all hardware devices and countries.
Around the web

U.S. bans noncompete agreements for nearly all jobs — NPR

The Federal Trade Commission narrowly voted Tuesday to ban nearly all noncompetes, employment agreements that typically prevent workers from joining competing businesses or launching ones of their own, writes Andrea Hsu. 
AI

The Coca-Cola Company commits $1.1B to Microsoft Cloud and AI partnership

The Coca-Cola Company and Microsoft announced a five-year partnership on Tuesday. As part of the collaboration, Coca-Cola has committed $1.1 billion to Microsoft Cloud and generative AI capabilities.