Apple and Samsung Will Discuss Patent Settlement on May 21
Apple’s Chief Executive Tim Cook will meet Samsung CEO Choi Gee-sung to discuss ending numerous lawsuits between the two companies over smartphones and tablets. The settlement conference w scheduled on May 21 and May 22 in San Francisco, California, starting on each day at 9.30am local time, according to media sources. The More »
Facebook Will Buy Microsoft Patents for $550 million
On Monday, Facebook announced that it will buy approximately 650 patents from Microsoft for $550 million in cash. According to sources, Facebook will acquire about 650 of 925 patents that Microsoft obtained from AOL for $1billion early this month. “Today’s agreement with Microsoft represents an important acquisition for Facebook,” said Ted More »
Verizon Will Activate LTE Network in 27 New Cities on Thursday
Verizon Wireless plans to activate its 4G LTE network in 27 new cities and improve coverage in 44 existing markets on Thursday, April 19. The company announced that it will cover more than two-thirds of the U.S. population when it activates its 4G LTE network. Verizon continues to offer network More »
Department of Justice Filed Antitrust Lawsuit Against Apple
On Wednesday, the U.S. Department of Justice filed an antitrust lawsuit against Apple Inc. and several book publishers over e-book prices. The DOJ said that Apple reached an agreement with several publishers to increase significantly retail electronic-book prices, causing “e-book consumers to pay tens of millions of dollars more for More »
Apple sold 3 million New iPad
Apple, one of the world’s biggest technology companies, announced March 19 that it sold three million of the new iPad as they went on sale last Friday. “The new iPad is a blockbuster with three million sold―the strongest iPad launch yet,” said Philip Schiller, Apple’s senior vice president of Worldwide More »
General Motor Will Stop Ads on Facebook
General Motor Co, the largest U.S. automaker by sales, announced that it will stop advertising on Facebook because the ads are ineffective. According to the auto giant’s marketing executives, GM will drop
Mortgage rates declined to 3.84%
Mortgage buyer Freddie Mac said Thursday that the average interest rate on 30-year loans dropped to 3.84 percent from 3.88 percent. That’s below the previous record of 3.87% in February. The 15-year rate dropped
Centerbrige will buy P.F. Chang’s for $1.1 billion
P.F. Chang’s, one of the biggest Chinese restaurant chains in the U.S. by market share, announced on Tuesday that it agreed to go private for $1.1 billion in a deal with Centerbridge
Apple and Samsung Will Discuss Patent Settlement on May 21
Apple’s Chief Executive Tim Cook will meet Samsung CEO Choi Gee-sung to discuss ending numerous lawsuits between the two companies over smartphones and tablets. The settlement conference w scheduled on May 21 and May
Freddie Mac: Mortgage Rate for 30-year mortgage fell to 3.88%
U.S mortgage rate for 30-year fixed loans dropped to near its record low, keeping home-buying and refinancing affordable. The average rate for a 30-year mortgage fell to 3.88 percent in the week
Facebook Will Buy Microsoft Patents for $550 million
On Monday, Facebook announced that it will buy approximately 650 patents from Microsoft for $550 million in cash. According to sources, Facebook will acquire about 650 of 925 patents that Microsoft obtained from
Sprint Was Sued for $300 million Tax Fraud
On Thursday, Sprint Nextel Corp. was sued by New York’s Attorney General, who accused the wireless carrier of intentionally underpaying sales tax in the state for seven years. According to New York’s
Verizon Will Activate LTE Network in 27 New Cities on Thursday
Verizon Wireless plans to activate its 4G LTE network in 27 new cities and improve coverage in 44 existing markets on Thursday, April 19. The company announced that it will cover more
IMB plans to buy Varicent Software
International Business Machines Co (IBM) announced Friday that it plans to buy Varicent Software Inc., a Canadian provider of analytics software to manage compensation and sales performance. Varicent is a private company
Department of Justice Filed Antitrust Lawsuit Against Apple
On Wednesday, the U.S. Department of Justice filed an antitrust lawsuit against Apple Inc. and several book publishers over e-book prices. The DOJ said that Apple reached an agreement with several publishers
