SAN FRANCISCO (Reuters) – A Facebook Inc shareholder filed a proposed class action lawsuit on Friday in a bid to stop the company's plan to issue new Class C stock, calling the move a “patent attempt” to entrench chief executive Mark Zuckerberg as controlling shareholder.
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Facebook hit with lawsuit over plan to issue new stock
Facebook Inc's quarterly revenue rose more than 50 percent, handily beating Wall Street expectations as its wildly popular mobile app and a push into live video lured new advertisers and encouraged existing ones to boost spending. Facebook also announced it will create a new class of non-voting shares in a move aimed at letting Chief Executive Officer Mark Zuckerberg give away his wealth without relinquishing control of the social media juggernaut he founded. The company plans to create a new class of non-voting shares, which would be given as a dividend to existing shareholders.
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Facebook revenue smashes expectations as mobile ad sales surge
Apple also said it was raising its capital return program by $50 billion through a $35 billion increase in its share buyback authorization and a 10 percent rise in the quarterly dividend. Apple said it sold 51.2 million iPhones in its second fiscal quarter, down from 61.2 million in the same quarter a year ago but above analysts' estimates of about 50 million devices. Shares of Apple fell 6 percent on heavy volume in after-hours trade, falling below $100 for the first time since February.
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Apple quarterly earnings, revenue miss Wall Street target
The attackers who stole $81 million from the Bangladesh central bank probably hacked into software from the SWIFT financial platform that is at the heart of the global financial system, said security researchers at British defense contractor BAE Systems. SWIFT, a cooperative owned by 3,000 financial institutions, confirmed to Reuters that it was aware of malware targeting its client software. Its spokeswoman Natasha Deteran said SWIFT would release on Monday a software update to thwart the malware, along with a special warning for financial institutions to scrutinize their security procedures.
Outsourcing is a great way to spend more time doing what you love and less time doing the tedious work to bring your dreams to fruition. Maybe you’d like to engage in app development in Los Angeles, a thriving technological community that could propel your career, but the work itself seems daunting. It is easy to get caught up in the joy of your passions and let the technical side of things fall to the wayside. With outsourcing, you can be in charge of the creative twists and turns of your project while saving time and money for production. Here are a few tips to get you started!
First Things First – Do Your Research
When engaging in Android app development, you will first want to check the work of your potential team before diving in. Make sure you share the same ideals and vision before selecting who will build your app. You also want to ensure the quality level. It’s likely you won’t get the same results from mobile app developers Los Angeles as you would from someone in a less technology-friendly location. Choose wisely.
Open a line of face-to-face communication.
Email isn’t enough. It is important that you meet face to face, and if not face to face, then communicate via Skype. This builds a stronger relationship between you and your team, making the overall process more personal and streamlined.
Ask For Samples of the Work During Development.
Keep constant tabs on the work being done on your project. Ask for updates! If at any time you find they are straying from your image of the product, correct them promptly before it goes any further.
Halcyon Innovation specializes in mobile application development in Los Angeles.
By Jake Spring BEIJING (Reuters) – In the race to develop self-driving cars, the United States and Europe lead in technology, but China is coming up fast in the outside lane with a regulatory structure that could put it ahead in the popular adoption of autonomous cars on its highways and city streets. A draft roadmap for having highway-ready, self-driving cars within 3-5 years and autonomous vehicles for urban driving by 2025 could be unveiled as early as this year, said Li Keqiang, an automotive engineering professor at Tsinghua University who chairs the committee drafting the plan. Without coordination, that patchwork could hold back the development of self driving cars in the U.S., David Strickland, a former safety chief for the National Highway Traffic Safety Administration, said at an event in Beijing this month.
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Look Mao, no hands! China’s roadmap to self-driving cars
By Dan Levine SAN FRANCISCO (Reuters) – Uber has agreed to pay up to $100 million to settle a class-action lawsuit which resolves a major challenge to its business model by allowing the ride-hailing service to keep its California and Massachusetts drivers as independent contractors. The lawsuit had claimed that Uber [UBER.UL] drivers are employees and thus entitled to reimbursement of expenses. The case against Uber had been closely watched in Silicon Valley, as other companies in the on-demand tech economy share Uber's reliance on independent contractors.
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Uber drivers remain independent contractors as lawsuit settled
The European Union charged Google on Wednesday with using its dominant Android mobile operating system to squeeze out rivals, opening a second front against the U.S. technology giant that could result in large fines. EU antitrust regulators said that by requiring mobile phone manufacturers to pre-install Google Search and the Google Chrome browser to get access to other Google apps, the U.S. company was harming consumers by stifling competition. The European Commission said such practices, which started in 2011 when the company became dominant in mobile operating systems and app stores, showed Google was seeking to shield its search engine, the world's most popular, from competition.
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EU hits Google with second antitrust charge
International Business Machines Corp reported its worst quarterly revenue in 14 years as results from newer businesses including cloud and mobile computing failed to offset declines in its traditional businesses, sending shares down nearly 5 percent in extended trading. Revenue of the world's largest technology services company fell 4.6 percent to $18.68 billion in the first quarter, but beat analysts' average estimate of $18.29 billion. It was the 16th straight quarter of revenue decline for IBM.
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IBM reports worst revenue in 14 years, shares slide
Electronics giant Sony Corp on Sunday said production at its image sensor plant in Kumamoto, southern Japan, remained suspended as it assessed damage from a powerful earthquake. Operations at its image sensor plants in Nagasaki and Oita, also on the southern Japanese island of Kyushu, fully resumed, the company said. The Kumamoto plant has been offline since Friday, while operations at the Nagasaki and Oita plants were partially suspended on Saturday.