Wednesday, May 25, 2016

TechFlash: Power returns after outage unplugs Seattle; Microsoft slashes jobs

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TechFlash: Seattle's Technology News Source

Power returns after massive outage spreads through downtown Seattle

Seattle City Light said the outage for a "couple hours." The city utility said on Twitter that an equipment failure at the Massachusetts Street substation caused the outage.

Microsoft cuts 1,850 jobs, takes nearly $1B charge related to smartphone business

Microsoft said it was reducing up to 1,350 jobs at Microsoft Mobile Oy in Finland, as well as up to 500 additional jobs globally. Microsoft did not specify where the additional job cuts would take place.

Football-helmet designer Vicis adds $6M to Series A round

Vicis, which has re-designed the football helmet to reduce the impact on players' skulls, has raised $6 million in an add-on to its Series A round.

Boeing may be slashing jobs, but there will still be high demand for aerospace workers in Puget Sound area

Job openings in aerospace will continue, despite falling numbers of workers, as many retire in coming years.

This Seattle startup just raised $2.3M to connect teachers with parents

The maker of an app that connects teachers and parents through a smartphone app, Bloomz has raised just over $2 million.

Investment group calls for investigation into T-Mobile accounting practices

The group wants Deutsche Telekom to investigate whether T-Mobile deliberately manipulated earnings, or if executives were overly optimistic about the company's ability to collect revenue on financed smartphones.

Microsoft refines giving strategy

Mary Snapp heads Microsoft Philanthropies, a division within the Redmond tech giant that is aligning its giving with its core business mission.

National Tech News

The frozen market turns IPO into waiting game

Tesla owners have driven more than 100 million miles using Autopilot

Kaiser Permanente's secretive VC arm has a new investment guru

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