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Yelp settles FTC Suit over collecting data on children

Yelp settles FTC Suit over collecting data on children

San Francisco based online customer review stalwart Yelp has agreed to pay US $450,000 to the U.S. Federal Trade Commission to settle charges after it was accused of collecting names and email addresses from children as young as 9 without the consent of their parents. Earlier on Tuesday, the FTC had brought a complaint against [...]

Virginia attorney general, Mark Herring, made the denunciations, which identify with the sale of securities to the state’s retirement fund from the year of 2004 to 2010.

Virginia Sues 13 Banks for $1.15Billion over alleged Mortgage Bond Fraud

Citigroup, Bank of America, Goldman Sachs Group, Barclays, HSBC and Royal Bank of Scotland are among 13 banks whose units were sued for $1.15bn by Virginia over sale of residential mortgage-backed securities during the financial crisis. Virginia attorney general, Mark Herring, made the denunciations, which identify with the sale of securities to the state’s retirement [...]

The Universal Mobile Keyboard will be available in October for $79.95 at the Microsoft Store, along with several other retailers.

Microsoft set to release a Universal Keyboard that works on Android, iOS and Windows devices

On Tuesday, Microsoft unveiled a new cross-platform Universal Mobile Keyboard that’s designed to work with major mobile operating systems available in the market including Android, iOS and Windows devices. “People frequently find they have a mixture of operating system platforms, resulting in them having to carry different accessories for each device,” explained Microsoft spokesperson Suzanne [...]

Jim Goetz, venture capitalist at Sequoia Capital in Silicon Valley

Docker Inc raises $40M as App Platform Takes Off

Docker Inc., the commercial sponsor of Docker open source project which creates and runs distributed applications in cloud infrastructure, has wowed Sequoia Capital and secured $40 million in series C funding to boost its technology. Docker chief executive Ben Golub said the startup had recently started using the $15 million it raised during a funding [...]

Wal-Mart Stores Inc’s ex-vice president of communications and chief spokesman, David Tovar

Top Wal-Mart Exec Resigns amid Alleged Inaccuracies found on his Resume

Wal-Mart Stores Inc’s vice president of communications and chief spokesman, David Tovar has resigned after the American retail corporation discovered that Tovar had lied about his academic credentials in his resume. David Tovar, who announced a week ago that he was leaving the job as vice president of communications, has at one time said he [...]

Inside Facebooks Menlo Park Headquarters

Facebook Launches TODO Group to Work on Open-Source Software

On Monday, Facebook announced at its @Scale 2014 conference in San Francisco that it has partnered with a group of large tech companies including Box, Dropbox, Google, GitHub, Khan Academy, Square, Stripe, Twitter, @WalmartLabs and a handful of other companies to launch TODO, which stands for, “Talk Openly, Develop Openly.” The organization aims to make open source easier for everyone offering discussion and best practices. [...]

Airbus Headquarters; Toulouse, France.

Airbus Plans Restructure, Seeks to Sell Defense Units

Airbus Group has revealed plans to simplify its Defense and Space division in order to focus on military aircraft, satellites and space launchers, which has a combined annual revenue of around $2.6 billion, as a part of reorganization efforts which also includes thousands of job cuts. The Blagnac, France-based company will reinforce its remaining portfolio [...]

Inside Google's Headquarters

Google reports 150 percent rise in worldwide government data requests

In the first half of this year, the number of requests increased 15 percent compared to the second half of 2013 and a 150 percent increase since Google first began publishing this data in 2009, the company said in its latest transparency report. Even in the wake of Edward Snowden’s revelations about national surveillance programs, [...]

Tesla CEO Elon Musk

Morgan Stanley still views Tesla as the Most Important Car Company in the World despite Warning

Morgan Stanley, one of the most prominent supporters of electric luxury car maker, Tesla Motors Inc., has issued a cautious report sending its shares into the pothole by Monday evening. The news comes after Morgan Stanley’s investment research development cautioned warning in regards to Tesla’s speedy rise in past few months. Morgan Stanley was one [...]

TriZetto Headquarters, Englewood. CO

Cognizant Snaps Up TriZetto for $2.7B to Expand Healthcare IT

Cognizant Technology Solutions Corp in one of its biggest deals on Monday, agreed to acquire healthcare IT company TriZetto Corp for $2.7 billion in yet another effort to reinforce its abating healthcare business. The deal is still awaiting regulatory approval and is expected to be completed in the fourth quarter. Cognizant, an outsourcing firms in [...]

Tag Heuer planning to launch its own exclusive version of smartwatch

Tag Heuer planning to launch its own exclusive version of smartwatch

Renowned luxury watch brand Tag Heuer will soon be entering the smartwatch arena with its own exclusive version. While mobile device makers are jumping on the wearable device bandwagon by launching smartwatches, a luxury watchmaker will certainly have an advantage over a phone company making smartwatch. In an interview with a local Swiss newspaper, NZZ [...]

The row is the most recent between the two South Korean electronics giants, which contend over an extensive variety of products including cell phones, TVs and a wide range of home appliances.

Samsung Stains LG Over Dirty Washing Machine Spat

South Korean electronics giant, Samsung has accused the LG’s home appliances business of deliberately damaging Samsung washing machines at retail locations in Germany ahead of a trade show, and asked Seoul prosecutors to investigate over the matter. Samsung, in a report on Sunday, said it asked the Seoul Central District Prosecutors’ Office to investigate LG [...]

Local Motors - World's First 3D Printed Strati Electric Vehicle

World’s First Entirely 3D Printed Car, Built And Driven At IMTS Chicago

In a world first, a 3D printed car took its first spin during the weekend after being created live in front of spectators at the International Manufacturing Technology Show in Chicago. Phoenix, Arizona-based automotive company Local Motors managed to 3D print and assemble an entire automobile called the ‘Strati’ which was unveiled at IMTS held from [...]

Industrial-output increase was below 51, which was the slowest single-month pace outside of the Lunar New Year holiday period of January and February since December 2008.

China’s Industrial Output Slows to a worrisome 6.9% in August

China’s industrial output rose to its weakest pace since the 2008 global financial crisis and fixed-asset investment growth trailed projections, adding to the confirmation that China is slowly losing its drive. Industrial production climbed 6.9 percent from last year in August, the National Bureau of Statistics said today in Beijing, in comparison to 9 percent [...]

The 2005 Ford Escape Model

Ford Issues Safety Recall 74,000 for a Stalling Problem

Ford Motor Co. has issued a safety recall for about 74,000 older Ford Escape and Mercury Mariner Hybrids for problems with a motor electronics coolant pump that may overheat and cause the vehicles to stall. The affected models are Escapes from 2005-8 model years and Mariners from 2006-8, the automakers said in a report posted [...]

A Lyft car in California

California Regulators Deem Uber and Lyft’s Ride-Sharing Services Illegal

Uber Technologies, Lyft and Sidecar in a statement on Friday, announced that they will continue offering their new carpooling service in spite of a California Public Utilities Commission letter that calls them illegal under the state’s licensing laws. Uber, as a matter of fact, issued a contentious proclamation ridiculed the commission for trying to suppress [...]

The company said it has set 2017 as its target for mass production of the next-generation displays with Qualcomm unit Pixtronix.

Sharp along with Qualcomm aims to mass produce next-gen displays in 2017

Sharp Corp has begun innovation of a new display that says will reduce power consumption in smartphones and tablets. The company said it has set 2017 as its target for mass production of the next-generation displays with Qualcomm unit Pixtronix. Sharp and Qualcomm said the new variant of panel, which is called MEMS-IGZO display technology [...]

In an event that the situation deteriorates RadioShack may be compelled to record for Chapter 11 bankruptcy protection, it said

RadioShack Warns of Possible Bankruptcy, Seeks Financial Rescue

For a considerable length of time, the brand RadioShack’s reigned in the hearts of consumers and geeks as it supplied all sorts of electronics, and its spare parts to fix or customize the gadgets. But with significant shifts in technology and retail sector, which includes fierce rivalry in the wireless business, its sales have declined. [...]

HP wants to provide a broad range of cloud computing services and Eucalyptus Systems is a clear move in that direction

Hewlett-Packard acquires private-cloud software player Eucalyptus

On Thursday, Hewlett-Packard announced a deal to acquire Eucalyptus, a developer of open source software for building private and hybrid enterprise clouds. While HP did not disclose financial terms of the deal, the acquisition aims at ramping the California company’s efforts in the growing field of cloud computing. Eucalyptus, which is based in Goleta, California, is [...]