Morgan Stanley may refund some Facebook investorsMorgan 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.
Summary Box: Google opens window on online piracyONLINE PIRACY INSIGHTS: Google has released data detailing the volume of complaints that the company's search engine has received about websites hosting content that violates copyrights.
Web series touts funky concept snowboardsIn 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 Channel’s “How It’s Made” — except with a lot more sass and a funkier setting.
Twitter users rally for suddenly unemployed game industry workersAfter Curt Schilling's game company, 38 Studios, failed to make a payment on its business loan to Rhode Island on May 1, today's announcement that the entire 350+ person staff had been let go didn't come as much of a surprise. … Continue reading →
Mayor of West New York arrested for hacking a website calling for his recallWhen a political rival sets up a website demanding your recall as mayor, what do you do? Well, if you're Felix Roque, the 55-year-old mayor of West New York, New Jersey, you have your son Joseph hack the recall site and then threaten … Continue reading →
Dish Sues Fox to Protect Its Ad-Zapping DVRDish Network fired back at Fox Broadcasting on Thursday -- by filling a suit of its own to protect its Hopper product that lets users fast-forward through ads.
Facebook launches iPhone camera appFacebook's rocky initial public offering hasn't stopped life at the world's biggest online social network. On Thursday, the company unveiled a camera app for the iPhone.
Times-Picayune to cut paper to 3 days a weekThe Times-Picayune, one of the nation's oldest newspapers, will no longer offer print editions seven days a week and instead plans to offer three printed issues a week starting in the fall. The change means New Orleans would become the largest metro area in the nation without a daily newspaper in the digital age.
Say cheese! NASA Mars rover photographs own shadowEven robots like to have fun. NASA's rover on Mars showed off its playful side by snapping a picture of its own shadow. It's the latest self-portrait since the rover, named Opportunity, landed on the red planet in 2004.
Facebook shares stabilizing, but probes mountFacebook's initial public offering is the subject of two congressional inquiries and mounting lawsuits as the social network enters its fifth day of public trading.
PicFrame Android app is an amusing waste of timeSome of the best apps out there, I think, are pretty much pointless but still seem kind of fun to mess around with. PicFrame is definitely one of those. Its purpose is to allow you to make a montage of sorts with the photos on your phone by putting multiple pictures next to each other in frames in a single picture.
Facebook market makers' losses total at least $100 million(Reuters) - Claims by four of Wall Street's main market makers against Nasdaq over Facebook's botched IPO are likely to exceed $100 million, as they and other traders continue to deal with thousands of problems with customer orders. A technical glitch delayed the social networking company's market debut by 30 minutes on Friday and many client orders were delayed, giving some investors and traders significant losses as the stock price dropped. The exchange operator is facing lawsuits from investors and threats of legal action from brokers. ...
Schilling video game firm lays off staff: reportBOSTON (Reuters) - The troubled video gaming company run by former Red Sox baseball great Curt Schilling seemed on the verge of collapse on Thursday and had laid off its entire staff, according to several gaming industry websites and other media. The apparent firings by 38 Studios came days after the company, based in Providence, Rhode Island, barely made a debt repayment to the state, weeks after the money was due. The Verge.com said 38 Studios had closed its Rhode Island office and its Maryland-based subsidiary, Big Huge Games. ...
Dish, TV networks take fight over ad zapper to judges(Reuters) - A legal battle erupted between DISH Network and some of the major broadcast networks Thursday as the two sides traded lawsuits over the satellite distribution company's "Hopper" DVR, which threatens to bring down the television business model by allowing viewers to skip over commercials entirely. Dish Network Corp asked a Manhattan federal judge to declare that its "Auto Hop" feature does not infringe any copyright owned by the four major U.S. television networks: Walt Disney Co's ABC, CBS Corp's CBS, News Corp's Fox and Comcast Corp's NBC. ...
Solar-powered airplane embarks on first transcontinental flightAn experimental solar-powered airplane embarked on its first transcontinental flight on Thursday, The Associated Press reported. The Solar Impulse plane left Switzerland and, after a pilot change in Spain, should reach North Africa next week. The aircraft features a 207-foot wingspan and more than 12,000 solar panels. The project began in 2003 and is estimated to cost about $100 million over 10 years. The Swiss traveled to Belgium and France last year to complete the Solar Impulse’s first international flight. The mission to Africa is described as the final dress rehearsal before a round-the-world flight that will include stops in the United States using a newer and more improved model scheduled to be unveiled in 2014. Read
PayPal strikes deals with 15 retailersSAN FRANCISCO (Reuters) - PayPal has made deals with 15 retailers including Toys R Us, J C Penney and Barnes & Noble that will allow consumers to pay for purchases with their cellphones while expanding the online payment company's service into additional physical stores. Earlier this year Home Depot began accepting PayPal in about 2,000 stores. For retailers, the service may attract more shoppers, provide more information about consumers, and help reduce costs associated with credit card payments. For PayPal, owned by eBay Inc , physical stores can provide growth beyond its online roots. ...
Broadcasters sue Dish over ad-skipping DVR serviceBroadcasters Fox, NBC and CBS sued Dish Network Corp. on Thursday over a service that offers commercial-free TV.
Apple CEO gives up $75 million in dividend incomeSAN FRANCISCO (Reuters) - Apple Inc Chief Executive Tim Cook will not be earning dividend income on the more than 1 million shares to which he is entitled, which will cost him about $75 million. Apple said in a filing with the U.S. Securities and Exchange Commission on Thursday that Cook had asked to be excluded from a recently instituted company program through which employees can accumulate dividends on their restricted stock units that are still vesting. Asked why Cook was doing this, Apple declined to comment beyond the filing. ...
Buffett says his firm likely to buy newspapersWarren Buffett says his company is likely to buy more newspapers in the next few years, and Berkshire Hathaway will not try to influence the editorial policies of any of them.
Morgan Stanley may refund some Facebook investorsMorgan 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.
PicFrame Android app is an amusing waste of timeSome of the best apps out there, I think, are pretty much pointless but still seem kind of fun to mess around with. PicFrame is definitely one of those. Its purpose is to allow you to make a montage of sorts with the photos on your phone by putting multiple pictures next to each other in frames in a single picture.
News Summary: Google opens window on online piracyONLINE PIRACY INSIGHTS: Google has released data detailing the volume of complaints that the company's search engine has received about websites hosting content that violates copyrights.
Summary Box: Google opens window on online piracyONLINE PIRACY INSIGHTS: Google has released data detailing the volume of complaints that the company's search engine has received about websites hosting content that violates copyrights.
4G LTE compatibility for NVIDIA’s quad-core Tegra 3 coming soonNVIDIA on Thursday announced that its Icera 410 LTE multi-mode data modem for tablets and clam shell devices has been validated for use on AT&T’s 4G LTE network. “Validation with AT&T is an achievement that paves the way for NVIDIA Icera-powered LTE devices on the AT&T network through this year and next,” said Stan Boland, senior vice president of Mobile Communications at NVIDIA. The Icera 410 LTE modem offers 4G LTE connectivity of up to 50Mbps alongside HSPA+, 3G and 2G connectivity. NVIDIA’s modem is the company’s latest step toward bringing LTE and Tegra 3 compatibility to smartphones. So far, manufacturers have been forced to scrap NVIDIA’s quad-core processor in devices bound for LTE networks in the U.S. Read on
Facebook launches iPhone camera appFacebook's rocky initial public offering hasn't stopped life at the world's biggest online social network. On Thursday, the company unveiled a camera app for the iPhone.
New Google data show Microsoft's piracy problemsGoogle'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.
Fox sues Dish Network over ad-skipping DVR serviceBroadcaster Fox is suing Dish Network over a service that offers commercial-free TV.
Times-Picayune to cut paper to 3 days a weekThe Times-Picayune, one of the nation's oldest newspapers, will no longer offer print editions seven days a week and instead plans to offer three printed issues a week starting in the fall. The change means New Orleans would become the largest metro area in the nation without a daily newspaper in the digital age.
26% of Executives Are Sleeping with Their PhonesIf we've learned one thing from our Media Diets, it's that the first thing many people reach for in the morning is their smartphone. In fact, many of them sleep with them in their beds at night. We're inclined to write this off as another of the many examples of smartphone obsession, but there's a certain creep factor to folks sleeping with their phones as if the devices were a spouse, isn't there?
Facebook makes mobile move after IPO flopFacebook released a "camera" application Thursday that lets people take Instagram-style pictures that can be shared with iPhones.
VeriFone sees third quarter sales below estimates, shares fall(Reuters) - VeriFone Systems Inc reported a modestly better-than-expected quarterly profit, as its acquisition of Hypercom boosted sales, but the maker of credit card swipe machines forecast third-quarter revenue below analysts' estimates. Shares of the company, which bought Hypercom last year, fell 8 percent to $41.50 in heavy trading after the bell. They closed at $45 on Thursday on the New York Stock Exchange. The company said expects adjusted revenue of $495 million to $500 million for the third quarter. It also forecast an adjusted profit of 68 cents to 70 cents per share. ...
Microsoft wins German ban on Motorola phonesA German regional court on Thursday issued an injunction against newly-acquired Motorola Mobility for infringing one of Microsoft’s patents, according to FOSS Patents. The manufacturer is banned from selling its Android-powered devices that infringe Microsoft’s EP1304891 patent, which covers “communicating multi-part messages between cellular devices using a standardized interface.” The sales ban, for the time being, is subject to additional confirmation. If confirmed however, it is enforceable with a bond of $31.4 million. Patent expert Florian Mueller notes that since the patent covers “operating system-level functionality, the modifications ‘Googlorola’ would have to make to Android to work around this ruling would lead to significant complications.” Furthermore, apps that make use of Android’s messaging layer will apparently have to be completely
Exclusive: Fidelity facing "thousands" hit by Facebook woesBOSTON (Reuters) - Fidelity Investments said it was working with "thousands" of brokerage clients affected by trading issues that have engulfed Facebook Inc's much-anticipated initial public offering, according to a source familiar with the situation. The social media site's IPO has been steeped in controversy since it started trading last Friday. Almost a week later, many investors have found that their orders for Facebook were not executed at the prices they thought, said advisers, who declined to be identified because they are not allowed to speak to the press. ...
Rapid Fire Evolution; Why Pesticides Are Killing the BeesDiscovered: Rapid fire evolution in a Connecticut pond, why pesticides are killing the bees, the best new species on the planet, and butterflies have gotten snobby. Watch years evolution happen in this pond. Due to a feedback loop created by dams in a Connecticut pond, science discovered how an entire species of fish has evolved. "People have long accepted that ecology shapes evolution, but it has been less clear how evolution can shape our ecology, and do so in a relatively short time frame," explains researcher David Post. ...
RealNetworks to refund customers in online subscription dispute(Reuters) - Online media company RealNetworks said it will set up a $2 million compensation fund for some of its subscribers to settle a complaint filed by Washington state prosecutors over its e-commerce practices. The company, known for its Real media player and Rhapsody music streaming service, was being investigated by the Washington State Attorney General for allegedly charging customers for services they did not subscribe to. ...
Five things to do before giving your teenager a smartphoneFor many parents, it is not a matter of if your teenager gets a smartphone but when. According to a recent report by the Pew Internet & American Life Project, nearly 25 percent of children between the ages of 14 and 17 already have one. And ownership levels across all demographics are only going up.
Campaign Takes On Big Tobacco -- By Supporting It [VIDEO]A political campaign in California aims to increase the price of cigarettes by one dollar and use the proceeds to fund cancer research. They've released this hilarious video on Tuesday to get the word out, and it's already approaching 100,000 views.
Google reveals copyrighted material claimsGoogle on Thursday began revealing details about requests for links to be removed from Internet search results on the grounds they lead to copyrighted material posted without permission.
Citadel lost $30 million in Facebook fiasco: sourceNEW YORK (Reuters) - Citadel Securities' market-making business lost around $30 million due to Facebook Inc's botched initial public offering on Nasdaq OMX Group Inc's U.S. stock exchange, a source with knowledge of the situation said on Thursday. The losses at Citadel Securities, which has assets under management of around $1 billion, are in line with losses at Knight Capital Group, which said on Wednesday in a regulatory filing it suffered a pre-tax loss of $30 million to $35 million. ...
New FBI unit tasked with making Web and mobile communications easier to spy onThe Federal Bureau of Investigation recently formed a new unit tasked with developing technologies that enable more effective means of monitoring Internet, mobile and VoIP communications, CNET reported. The secretive new unit, reportedly called the Domestic Communications Assistance Center, aims to develop new surveillance technologies that make it easier for law enforcement to spy on suspects as they communicate using modern technology. Joined by agents from the U.S. Marshals Service and the Drug Enforcement Agency, the FBI reportedly formed the DCAC because it believes technology has developed too quickly, leaving law enforcement without the tools necessary to effectively monitor these new communications channels. Read
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