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Apple CEO Cook gives up $75M in stock dividends
Apple CEO Tim Cook is giving up $75 million in dividends on restricted stock that the company is awarding to all of its employees.
Alibaba.com $2.5B privatization bid approved
Chinese e-commerce firm Alibaba Group's $2.5 billion bid to take its Hong Kong-listed unit private was cleared Friday by minority shareholders, easing the way for CEO Jack Ma to gain more control over his company's destiny.
Web series touts funky concept snowboards
In the summer of 2010, Signal Snowboards created the Web series "Every Third Thursday" to showcase the company's experimentation with funky concept boards. Think Science Channels How Its Made except with a lot more sass and a funkier setting.
Dive right in with this summers hottest grilling gadgets
For many people, Memorial Day is a time to remember those who have fought for our country, enjoy a nice three-day weekend, and celebrate the unofficial start to summer. But for others akamy family Memorial Day sparks a Continue reading
Is this the worlds most epic marriage proposal?
Now we've seen our share ofgeeky marriage proposals in our day, but Isaac Lamb'sinsanely epic live lip-dub proposal may just be the most epically awesome "she said yes!" story of them all. The Portland actor had his brothersit girlfriend Amy Continue reading
'Dear Photograph' Turns 1, Spawns Book, Prepares for App Launch
Surreal. Humbling. Grateful. One year after unleashing Dear Photograph, a blog showcasing photos within photos, Taylor Jones describes his emotions with those three words when looking back on the viral success of his nostalgic idea.
Morgan Stanley may refund some Facebook investors
Morgan Stanley, the lead investment bank in Facebook's troubled initial public offering, will compensate retail investors who overpaid when they bought Facebook's stock in Friday's IPO, according to a source familiar with the matter.
Yahoo kills 'Livestand' just 6 months after debut
Yahoo has killed Livestand, a tablet magazine, just six months after its debut on the iPad.
Dragon makes history with space station docking
The private company SpaceX made history Friday with the docking of its Dragon capsule to the International Space Station, the most impressive feat yet in turning routine spaceflight over to the commercial sector.
New Google data show Microsoft's piracy problems
Google's Internet search engine receives more complaints about websites believed to be infringing on Microsoft's copyrights than it does about material produced by entertainment companies pushing for tougher online piracy laws.
GameFly looking to launch Android app store, publish mobile games
Get ready for another entry into the crowded mobile game market, this time from a somewhat unlikely source. GameFly, the U.S. rental outfit, wants to sell you Android games.
Japan's Renesas eyes 14,000 job cuts, chip plant sale: Nikkei
TOKYO (Reuters) - Struggling Japanese chipmaker Renesas Electronics Corp is planning to slash as many as 14,000 jobs and sell a major semiconductor factory in Japan to Taiwan Semiconductor Manufacturing Co, the Nikkei newspaper reported. Renesas, the world's largest maker of microcontroller chips for cars, is also considering raising more than 100 billion yen ($1.3 billion) in a share issue to pay for restructuring and appease lenders concerned about it its finances, the paper said. ...
Facebook IPO is flashback to dot-com class action
This is not the first time investors in a hot tech company's initial public offering have alleged that underwriters favored their regular clients at the expense of the little guys. In the tech bubble of the late 1990s, IPO investors became suspicious of the steep run-up in prices that seemed inevitably to follow a stock's debut. Eventually, some 309 IPO shareholder class actions were rolled into a giant multidistrict lawsuit called In re: Initial Public Offering Securities Litigation. ...
Dells first Windows 8 tablet revealed
After a number of failed attempts in the Android tablet market, Dell is looking to readdress the tablet space with Windows 8. According to a leaked document obtained by Neowin, Dell will launch a 10.8-inch tablet with 1,366 x 768-pixel resolution and a dual-core Atom processor later this year. The slate will also be equipped with a fingerprint reader, an 8-megapixel rear camera, a 2-megapixel front-facing camera, Intel graphics, 2GB of RAM and a massive 128GB solid-state drive. Unlike many other tablets, Dell has included a removable battery that will come in two sizes. A smaller battery will get between six and eight hours of battery life, while a larger one will offer between 10 and 12 hours of usage
Sony confirms Xperia Play will remain on Gingerbread due to gaming issues
Sony Mobile on Friday confirmed that it no longer plans to update its Xperia Play smartphone to Android 4.0 Ice Cream Sandwich due tocompatibilityissues with the devices gaming features, Phone Scoop reported. Ice Cream Sandwich demands more from the phone hardware than Gingerbread, a Sony spokesperson said. Android 4.0 is a more powerful OS and thus, more resource intensive applications require more RAM, CPU power, and network bandwidth. From internal testing and feedback from the developer community on the beta ROM software release, we have seen a significant decline in user experience when running high performance games, as they are more demanding on the hardware. As gaming content is so integral to the core Xperia Play proposition, we cannot
PayPal inks mobile payment deal with 15 retailers
PayPal earlier this year announced a partnership with The Home Depotthatallowed customers to make point-of-sale transactions with their smartphones in more than 2,000 locations. The e-commerce company on Thursday announced that 15 new national retailers have signed on for PayPals in-store mobile payment service. These include, Abercrombie & Fitch, Advance Auto Parts, Aeropostale, American Eagle Outfitters, Barnes & Noble, Foot Locker, Guitar Center, Jamba Juice, JC Penney, Jos. A. Bank Clothiers, Nine West, Office Depot, Rooms To Go, Tiger Direct and ToysRUs. We cant wait to launch with these great retailers, and help them serve their customers better through PayPal, PayPalpresident David Marcus said. Consumers are relying on technology now more than ever to simplify their lives when it comes
New telescope to be in South Africa, Australia
Australia and South Africa will share hosting of a giant radio telescope made up of thousands of separate dishes and intended to help scientists figure out the make-up of the universe, the international consortium overseeing the project announced Friday.
DigitalGlobe, GeoEye jump on nod for imagery funding
WASHINGTON (Reuters) - DigitalGlobe Inc and GeoEye Inc on Friday welcomed a decision by the Senate Armed Services Committee to authorize continued funding for commercial imagery purchases, a move that sent the two companies' shares sharply higher. Shares of DigitalGlobe rose as much as 10 pct while those of GeoEye jumped 9 percent in response to the first positive news for the sector in quite a while. Both DigitalGlobe and GeoEye provide digital imagery services to U.S. military and intelligence agencies and are working on next-generation satellites to double their capacity. ...
SEC eyes Nasdaq compliance in Facebook debacle
WASHINGTON (Reuters) - Securities regulators are looking into whether Nasdaq violated any technical exchange rules when it botched Facebook Inc's market debut last week, according to people familiar with the matter. The review of potential technical violations is part of the Securities and Exchange Commission's broader look at how Nasdaq handled its part of the initial public offering, including its decision to proceed with trading despite glitches, these people said. The SEC is also reviewing Nasdaq's communications with market participants, one of those people added. ...
Facebook hit with another class action suit, this time over IPO debacle
Pennsylvania-based law firmKessler Topaz Meltzer & Check, LLP on Friday filed a class action lawsuit against Facebook regarding the handling of its initial public offering, which was made on March 18th. On the day of its IPO, the company was hit with a privacy-related class action lawsuit seeking $15 billion in damages. This new complaint, which was filed inthe United States District Court for the Southern District of New York, charges Facebook and multiple officers, directors and underwriterswith violating theSecurities Act of 1933 by failing to disclose or disregarding material adverse facts that were known to them. The Complaint asserts that defendants failed to disclose at the time of the IPO that Facebook was then experiencing a severe and pronounced
Fallout from New Orleans Times-Picayune Announcement of Downsizing
Without a doubt, the Times-Picayune newspaper played a vital role in gathering and dissemination of news and information in Louisiana following Hurricane Katrina. The Pulitzer Prize-winning paper has served the New Orleans community for the past 175 years.
Startup Partners With Top Designers, Celebrities on High-End Capsule Collections
The Spark of Genius Series highlights a unique feature of startups and is made possible by Microsoft BizSpark. If you would like to have your startup considered for inclusion, please see the details here.
Solar-Powered Plane Making Longest Journey Yet
An experimental Swiss airplane has made the first leg of journey from its home base to Madrid, Spain. The Solar Impulse made the layover in Madrid en route to Morocco attempting to make its longest flight ever powered only by solar energy. AFP reports the unusual plane took off after a two-hour delay due to fog and landed at a busy Spanish airport.
Apple owns 74% of smartphone web traffic, 95% of tablet traffic
According to a new report from online advertising network Chitika, smartphones and tablets now account for 20% of all Web traffic in the U.S. and Canada. Traditional PCs accounted for 80% of Web traffic, with smartphone traffic totaling 14.6% and tablets making up 5.6%, AllThingD reported. Chitika found that a whopping 95% of tablet Web traffic came from a version of Apples iPad, mainlythe newest iPad, and 72% of smartphone traffic also belongs to Apple, compared to 26% for Android devices. The Cupertino-based company didnt fare as well on the desktop side, which saw 85% of Web traffic from Windows machines compared to 13% from Macs. The report also noted that Windows Phone now accounts for a third as much
'Dear Photograph' Turns 1, Spawns Book, Prepares for App Launch
Surreal. Humbling. Grateful. One year after unleashing Dear Photograph, a blog showcasing photos within photos, Taylor Jones describes his emotions with those three words when looking back on the viral success of his nostalgic idea.
Facebook ripple on IPO market already felt
(Reuters) - The ripple effects of Facebook Inc's botched IPO appear to already be hitting the market for initial public offerings as two companies this week pushed back their market debuts. PC hardware components maker Corsair Components Inc postponed its $78 million IPO citing market conditions, as did laser hair removal products maker Tria Beauty Inc,which intended to raise $64 million. The delays may be just the first of many, say market observers, as volatile equity markets and fallout from the Facebook debacle create a challenging climate for new offerings. ...
Facebook's Camera App Puts Some Fun Back into the Game
COMMENTARY | With all the hoopla surround the billions of dollars floating around the Facebook IPO, it is easy to forget about what made the social network so popular in the first place -- it was fun.
Yahoo kills 'Livestand' just 6 months after debut
Yahoo has killed Livestand, a tablet magazine, just six months after its debut on the iPad.
New Computer Algorithm Knows Your Phony Smile [VIDEO]
Have you ever wondered how genuine that smile really is?
Dell-Quest deal possible over weekend: sources
NEW YORK/SAN FRANCISCO (Reuters) - Dell Inc is expected to reach an agreement to buy network security software maker Quest Software Inc as soon as this weekend after a previous deal fell apart, several people familiar with the matter said. Dell is planning to offer between $23 and $26 per share to buy the enterprise systems management software maker, two sources told Reuters on condition of anonymity because the discussions were not public. The previous deal fell apart after investors sent Dell's shares down 17 percent on Wednesday when the company reported a disappointing revenue forecast. ...
Geeks Are Still Being Bullied By Dictionaries
Just in time for Geek Pride day,some folks on theInternethave started to get a little defensive over the term "geek," as they should, since lots of official language arbiters still consider it a derogatory term.
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