Oracle has been accusing Google for violating copyright law through using Java operating system in Android for long five years. The search engine provider has failed in its earlier bid to derail the case in the US Supreme Court and lawsuit proceeding has resumed in a North Carolina District Court. The database maker’s attorney has placed to Google’s financials to claim a margin from Google’s earnings since its introduction of Androids.
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Survey: U.S Companies Reported Tough Times Doing Business in China, With Growing Concerns Over Regulations and Economy Growth, Among Other Factors
The survey revealed that one of the top concerns defining most U.S companies' tough times doing business in China is uncertain regulations that they perceived as unwelcoming to foreign companies. The slowing of China's economic growth also remains a concern, along with rising labor costs, censorship, and air pollution. However, China is still most foreign countries' investment priority among other markets.
Car Auction: 1957 Ferrari 335 S Expected to Break Record as the Most Expensive Car Ever Sold at Auction
The extraordinary high price was due to its extensive race history, which includes a world championship title. The supercar is expected to sell for more than $34 million in Retromobile Classic Car show in Paris, one of the most prestigious salons for car enthusiasts.
Facebook’s ‘Sports Stadium’ to draw away sports fans from Twitter?
Facebook has come out with yet another special feature, this time, exclusively for the sports fans. Its Sports Stadium will be a virtual hub for millions of sports fanatics to get together and post photos/videos, like them, look at a dashboard full of stats and, most importantly, chat about the games, all the while getting access to expert commentary by celebrities and their teams. Currently, this space has only been rolled out for iOS in the US.
Company Restructuring: Pearson Revealed £320m Restructuring Plan Which Involves 4,000 Jobs Cut
The publishing company has experienced tough times in the market where profits declined and shares dropped. The plan is expected to deliver more earnings growth in the long run with the simplification and reducing of costs. The company's chief also attributed their difficult times to challenging markets and unpredictable changes.
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IoT To Connect 34 Billion Devices By 2020, Cyber Security To Cost $6 Trillion During The Same Period
Internet of Things (IoT) has appeared as an exciting new technological chapter. Inclusion of more devices to the network poses huge risks of cyber attacking. Raising awareness among the device users has become a prime concern while combating with cyber threats. Despite all precautionary efforts, war against cyber hackers will cost around $6 trillion by the next five years.
Amazon, among retailers, has started offering full refunds for hoverboards in US and Canada ahead of growing concerns for reported fire incidences. CPSC is investigating two wheeler balance boards manufactured by 13 companies. Earlier, the retailing giant has offered refund for the UK customers. Intriguingly, hover boards of different manufacturers are still being sold amidst offering refunds.
The much awaited Samsung Galaxy S7 has been spotted in wild of internet. The displayed image has quenched the thirst of fans while some remain undisclosed till now. The Galaxy S7 series is believed to reduce camera pixels a little compared to S6 series, but a little lower pixel will enable the camera to provide improved image quality when snapped in low light situation.
Sony has unveiled the portable ultra short throw projector first in the IFA Show during September last year. The product is going to be released in the Japan market on February 13 and will be available for around ¥93,000 ($798). Reason for enthusiasm about the tiny projector is that the device is capable of beaming image on wall from very short distance.
World Economic Forum (WEF) meeting is the perfect place to represent future business plans. Tech Mahindra, an Indian IT service provider, has been seeking opportunity to invest in startups since long. Finally, the Indian IT giant has chosen the meeting to elaborate its economic strength, technical know -how and keenness to portray itself as a potential startup investor.
The US economy is witnessing surge in job market and attractive mortgage rates. These positive factors are expected to boost the new home market. The US economy is forecast to grow at 2.7 percent in 2016 from 2.1 percent in 2015. Economists predict that the GDP growth rate may slowdown to 2.2 percent in 2017. The market for new homes grew 15 percent during the first 11 months of 2015.
Microchip technology Inc. bought rival chipmaker Atmel Corp. for a price of $3.56 billion. This acquisition beats other bidder Dialog Semiconductor PLC due to its sudden share price drop.
The jobless rate in the UK was recorded at 5.1 percent for the quarter ending November 2015. This showed the lowest jobless rate since October 2005. However, wage growth is slowing down in the UK industry. The employment rate was at high of 74 percent since 1971, according to the latest data released by Office for National Statistics.
Boeing will report a $569 million after-tax accounting loss in its fourth quarter. The company will also reduce production of its 747 airplane starting September this year..
