Facebook, banks sued over pre-IPO analyst calls
(Reuters) - Facebook Inc and lead underwriter Morgan Stanley were sued by shareholders who claimed they hid the social networking company's weakened growth forecasts ahead of its $16 billion initial public offering. The lawsuit came as Facebook and the banks that took it public face questions about the IPO, which culminated in a May 18 stock market debut plagued by technical glitches. Facebook shares fell 18.4 percent from their $38 IPO price in their first three trading days. They were up $1.08, or 3.5 percent, at $32.08 in Wednesday afternoon trading. ...
Google cleared in Oracle suit on patents
A jury on Wednesday declared Google innocent of patent infringement in a high-stakes court battle pitting business software titan Oracle against the Internet giant.
Reading Your Lover's Mind
Can you read your spouse's mind? During an argument? A Baylor University study showed people could easily tell when a spouse was angry, but other important emotions, such as sadness, were hard to detect.
Cocktail Crossfire: Are Nasty, Evil, Anonymous Commenters Good for Anything?
Currently there are bills in both houses of the New York State Legislature that would, reports Wired's David Kravets, "require New York-based websites, such as blogs and newspapers, to 'remove any comments posted on his or her website by an anonymous poster unless such anonymous poster agrees to attach his or her name to the post.'” The purpose of this proposed legislation is to limit cyberbullies and their impact, and to cut down on "mean-spirited and baseless political attacks. ...
HP beats the Street in Q2; confirms plans to cut 27,000 jobs as Q3 guidance misses
Hewlett-Packard on Wednesday reported its second-quarter earnings that beat Wall Street’s expectations. Analysts expected the computer giant to report revenue of $29.92 billion and earnings of $0.91 per share, but the company surprised analysts when it reported earnings of $0.98 per share on sales of $30.69 billion. HP also confirmed new restructuring plans that will involve 27,000 job cuts, or 8% of the company’s workforce, and it expects to save more than $3 billion as a result. “We are making progress in our multi-year effort to make HP simpler, more efficient and better for customers, employees, and shareholders,” said Meg Whitman, HP president and chief executive officer. “This quarter we exceeded our previously provided outlook and are executing against our strategy, but
Apple iPhone Designer Is Now a Knight
Jony Ive, the man who designed the iPod and the iPhone, might already be considered technology royalty amongst geeks. Now he’s an actual British knight. Apple’s lead designer, was knighted this morning in London and given the title of Knight Commander of the British Empire....
