Palmer Luckey, the founder of Facebook owned virtual reality system Oculus VR Inc, has been slapped with a lawsuit, which accuses him of misappropriating confidential information and proprietary technology. The plaintiff, Total…
Category: Business
‘Non-cash’ methods of payments overtake use of notes, coins in the UK
According to recently published figures by the The Payments Council, use of non-cash modes of payments including cheques; debit, credit and charge cards; Direct Debits and Direct Credits; standing orders, internet and…
Apple, A123 Systems close to a settlement over employee poaching issue
Apple and electric battery maker A123 Systems are close to settle a federal lawsuit over employee poaching. Back in February, A123 filed a breach of contract lawsuit against Apple and five of…
Kaspersky opens first European Research Centre in UK
Kaspersky lab on Tuesday announced it has opened its first European Research Centre in the UK. The research centre will be based at Kaspersky’s headquarters in Paddington, London and will provide both…
Orexigen ends study of obesity drug Contrave
Orexigen Therapeutics along with its partner Takeda announced termination of the Light Study a cardiovascular (CV) outcomes trial of their obesity drug Contrave (naltrexone HCI and bupropion HCl extended-release tablets) after a…
Microsoft announces investment in subsea cables to connect global datacenters
Microsoft has announced new partnership deals and investments aimed at connecting its global data centers using subsea fiber optic cables. Microsoft said it has inked deals with fiber providers Hibernia and Aqua…
China’s smartphone market is showing signs of saturation: Report
China’s smartphone market is witnessing signs of saturation, a new survey report has revealed. According to IDC, China’s smartphone shipment in the last quarter has dropped for the first time in nine…
New car sales surge yet again; April was the 38th successive month of growth
Sales of new cars in the UK is growing steadily with performance during last month pegged as the best ever April performance in 10 years, statistics from the Society of Motor Manufacturers…
Cisco bags Cloud API specialist Tropo
Cisco on Thursday announced it is buying Tropo, a privately held company which specializes in Cloud APIs for voice and text applications. Founded in 2009, Tropo technology is designed to enable developers…
BT reports over 50,000 BT Mobile sign-ups within just six weeks of launch
BT on Thursday announced it has signed up more than 50,000 mobile customers within just six weeks of releasing a SIM-only 4G offering. The UK mobile operator marked its re-entry into the…
NetSuite inks strategic cloud deal with Microsoft
NetSuite has inked a deal with Microsoft which will see closer integration between Microsoft’s Azure cloud platform and productivity suite and NetSuite’s ERP online software. The partnership was announced by NetSuite CEO…
Ericsson sues Apple in Germany, Britain and Netherlands over technology license payment issue
Mobile telecom equipment maker Ericsson has filed lawsuits against Apple in Germany, Britain and the Netherlands over technology license payments. The Swedish tech giant in a statement said its offer that called…
Uber eyeing Nokia’s HERE mapping unit: Report
Recent reports suggest taxi-hailing service Uber has put in a bid of around $3 billion to acquire Nokia’s HERE mapping unit. According to a report published in the New York Times, citing…
Nintendo posts first annual profit in four years; signs theme park deal with Universal Studios
Struggling Japanese video game maker Nintendo finally has a reason to celebrate. The video game maker on Thursday reported its first annual operating profit in four years, beating its own as well…
US antitrust officials investigating Apple’s dealing with record labels: Report
U.S. antitrust officials have reportedly launched a probe into Apple’s dealings with a number of record labels, ahead of Cupertino’s music streaming service launch. According to a Bloomberg report, citing people familiar…