Monday, Jun 17 11:19 AM
Google settles class action lawsuit over new Class C stock
(Reuters) - Google Inc has settled a shareholder class action lawsuit that clears the way for the company to issue a new class of nonvoting stock, giving the company a currency for acquisitions that would not dilute the founders' control. The online search engine leader had planned to issue Class C shares as a dividend to investors, but a shareholder, the Brockton Retirement Board, sued, claiming the plan gave the founders, Sergey Brin and Larry Page, added control without paying for it. The lawsuit was scheduled to go to trial on Tuesday in a Delaware state court. ...
Monday, Jun 17 07:45 AM
Verizon eyeing wireless business in Canada: Report
(Reuters) - Verizon Communications Inc is looking to enter Canada's cellular telephone business, potentially fulfilling the government's hopes of having a fourth major wireless company, the Globe and Mail reported on Monday. Verizon could look at taking over a smaller player in Canada, such as Wind Mobile, and participating in a new wireless spectrum auction, the newspaper reported citing two industry sources familiar with the situation. (http://link.reuters. ...
Monday, Jun 17 08:53 AM
Analysis: European cloud computing firms see silver lining in PRISM scandal
By Leila Abboud and Paul Sandle PARIS/LONDON (Reuters) - France has its "Sovereign Cloud" project while across the Rhine data firms have created the label "Cloud Services: Made in Germany", all trying to reassure big companies that their information is stored away from the prying eyes of U.S. spies. European firms believe revelations that the U.S. National Security Agency (NSA) has secretly gathered user data from nine big U.S. Internet companies, including Microsoft and Google, will hand them a competitive advantage as they play catch-up with the dominant American players in "cloud ...
Monday, Jun 10 07:01 PM
Apple Upgrades - Not Sexy, But Awesome
At its annual Worldwide Developer's Conference, Apple announces new operating systems and faster computers.