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.
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.
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 →
Tech Has Transformed How We Find Missing ChildrenA former Manhattan store owner confessed Thursday morning to strangling 6-year-old Etan Katz in 1979 -- the boy whose disappearance sparked the now-famous face on the milk carton.
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.
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.
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.
Sharp and Sony to terminate joint LCD ventureSharp and Sony on Wednesday released a joint statement to announce the end of the companies’ joint venture to produce and sell LCD panels. Due to the “rapidly changing market for LCD panels and LCD televisions,” Sony will sell its shares of the venture, which represent 7.04% of the company. The manufacturer will also receive a cash payment equal to its original investment of 10 billion yen that will be paid by Sharp. Both the sale of shares and Sony’s cash payment will be completed by the end of June 2012. The joint press release can be found after the break. Sharp and Sony to terminate joint venture to produce and sell large-sized LCD panels and modules Sharp Corporation (“Sharp”)
Alibaba.com $2.5B privatization bid approvedChinese 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.
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. ...
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.
Alibaba.com $2.3B privatization bid approvedAlibaba.com shareholders have approved a $2.3 billion privatization bid by the Chinese e-commerce firm's parent.
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. ...
Tablets now account for 20% of mobile ad impressionsMillennial Media on Thursday released a new report outlining estimates first-quarter market share across mobile devices and operating systems. The mobile advertising company found that tablets — the top being Apple’s iPad, Samsung’s Galaxy Tab and Amazon’s Kindle Fire — accounted for 20% of all ad impressions during the first quarter of 2012, an increase from 15% in the first quarter of 2011. “Tablets and other non-phone connected devices have established a clear role in the growing mobile ecosystem,” said Jamie Fellows, SVP, Product, Millennial Media. “The substantial quarterly growth of impressions in this category is tied to both increased usage and adoption, and we expect this trend to continue in the foreseeable future.” The report also found that 14
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.
$200 million in funding for ultra high-speed Internet up for grabsThe University Community Next Generation Innovation Project (Gig.U) and Gigabit Squared this week announced funding of $200 million for the nation’s first multi-community broadband gigabit deployment project. The funding will support projects for up to six select Gig.U members, which will offer broadband networks with speeds between 100 and 1,000 times faster than today’s standards. “What makes the Gigabit Squared approach so exciting is that it goes far beyond normal industry business models in how to successfully and creatively improve broadband access speeds for university communities, which is exactly the premise upon which Gig.U was founded,” said Blair Levin, Executive Director of Gig.U. “We intuitively knew this, but to see Gigabit Squared emerge so strongly today proves that yes, America
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.
U.S. to fine Ericsson in Panama $1.75 million over Cuba shipments(Reuters) - World number one mobile network equipment maker Ericsson's subsidiary in Panama will pay a $1.75 million penalty to the U.S. Department of Commerce for violating U.S. export restrictions on Cuba, a settlement agreement obtained by Reuters showed. The agreement, which was approved on Thursday but has not yet been made publicly available, showed that the firm's Panama branch operated a "scheme" under which it sent broken equipment from Cuba to the U.S. for repair after masking its origin. ...
Facebook launches Camera app for iOSFacebook on Thursday announced “Camera for iOS,” a new mobile app that intends to make uploading and viewing Facebook photos faster and easier. The app features Instagram-like filters and unlike Facebook’s current mobile app, Camera for iOS allows users to upload multiple photos at once. It remains to be seen how Facebook’s new app will impact Instagram, which the company acquired for $1 billion last month. Facebook’s Camera for iOS is available now on the Apple’s App Store. Read
The Game Mechanics of Customer LoyaltyGabe Zichermann is a public speaker, designer, and author of the books Game-Based Marketing and Gamification by Design. Follow him @gzicherm
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. ...
Tech Has Transformed How We Find Missing ChildrenA former Manhattan store owner confessed Thursday morning to strangling 6-year-old Etan Katz in 1979 -- the boy whose disappearance sparked the now-famous face on the milk carton.
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. ...
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.
Pinterest Users: Find Out When Your Items Are on SaleWant to know when items you pin on Pinterest go on sale?
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.
Boomshakalaka! Blake Griffin Mashed With NBA Jam Is YouTube GoldCoaching tip: Combine the best basketball video game ever with footage of today's most electrifying dunker to create Internet gold.
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
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