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Business, Financial & Legal Posts - Page 66

Apple isn't happy with its verdict witih Samsung, wants a retrial

Apple just doesn't know when to take it easy, and even with its trial against Samsung over, it is requesting a retrial. Apple wants more damages awarded, up and above the $119 million it was already awarded, and much more.

 

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The iPhone giant wants to see the ban of sales on some of Samsung's most popular devices in the US, which would include current and future devices - such as the popular Galaxy S5 and Note 3 smartphones. Apple has said that Samsung is using its technology for things like slide-to-unlock and word protection.

Apple is reportedly not happy with Dr. Dre bragging about Beats deal

It looks like Tyrese Gibson and Dr. Dre have smoked themselves into a corner with their bragging about Dr. Dre, Beats founder and hip-hop legend, where they said he would be "the first billionaire in hip-hop". Well, Apple wasn't happy with that, guys.

 

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Gibson said in a video that Dre was "drunk off of Heinekens," something that was posted to Gibson's Facebook page minutes after Apple announced it was acquiring Beats for $3.2 billion. You can understand why Apple isn't happy with this, as it seems Beats apparently leaked the news of the $3.2 billion deal before it had a signature on the dotted line, according to Billboard.

Sony has recouped its hardware costs on the PS4, on track to beat PS2

Sony made an absolute killing with the PlayStation 2, with its next-gen PS4 console looking like it might actually get close to those massive sales. Sony has already recouped the hardware costs of the PS4, but now it has the task of hitting the huge sales of the PS2.

 

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Sony President Kaz Hirai has said that the PlayStation 4 was "already contributing profit on a hardware unit basis, establishing a very different business framework from that of previous platform businesses". Considering the PS3 took three years to begin making money for Sony, the PS4 is doing some big business for the Japanese giant.

 

In Sony's recent full-year earnings, the gaming side of its business had increased 53% thanks to the PS4. It was also helped by Sony's gaming services, with "approximately half" of the 7 million PS4 owners subscribing to PlayStation Plus. It looks like the future is bright for both Sony and the PS4.

bitcoin slot machine from BetCoin could shake up gambling industry

Online gambling website BetCoin has unveiled the BetCoin Reels online slot machine, a "provably fair" 5-line slot machine. Much to the dismay of governments already concerned of bitcoin-related money laundering, it looks like gambling will continue to push the cryptocurrency forward.

 

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"The company is not resting on its laurels, however, and new games and new features are already in development," noted BetCoin officials.

 

BetCoin has four online bitcoin-themed "gaming" products that include instant payouts and 3D graphics, as online gambling websites scramble to accept bitcoin currency payments. There are a growing number of online websites that accept bitcoins, featuring poker, blackjack, roulette, and other popular casino games.

Attorneys, bitcoin supporters working on cryptocurrency law book

A Canadian lawmaker is spearheading an international group of attorneys, professors, bitcoin businesses and supporters to publish the first bitcoin law book. It's possible Canada could become the first country to create federal bitcoin laws, though volatility, secure monetary exchanges, and criminal behavior must be addressed moving forward.

 

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"I am thrilled to have the opportunity to write about the evolving law surrounding Bitcoin and other digital currencies said Chrstine Duhaime, Duhaime Law partner, in a press release. "As the US Federal Reserve noted only weeks ago, Bitcoin's disruptive technology may force banks and other financial institutions to adapt and change the way they provide services to consumers and it will open new markets for business all over the world. It's important that the law keeps pace with emerging technologies like Bitcoin and we are excited to be a part of the international dialogue on Bitcoin law."

 

Consumers and businesses are becoming more familiar with bitcoins, but governments are still unsure how to handle the popular cryptocurrency. There are a growing number of money laundering-related cases involving bitcoins, which police authorities are trying to clamp down. Meanwhile, the U.S. Department of Justice is working to learn more about bitcoins and any black markets available for drug dealers and money launderers.

Silicon Valley poaching case leads to $4,000 payouts following lawsuit

The $324.5 million payment that Apple, Adobe, Intel and Google agreed to pay will lead to $4,000 payouts to the workers, depending on their work salaries during the four-year lawsuit. A June 19 hearing in San Jose could lead to the deal being approved by a federal judge, though there already is resistance to the expected settlement.

 

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Top executives from Silicon Valley technology companies created "no-poaching" pacts so employees that argued they were unable to seek higher salaries elsewhere. Intuit paid $11 million and Pixar and Lucasfilm, which are both owned by Disney, paid the remaining $9 million - and that payment has already received approval from U.S. District Judge Lucy Koh.

 

Poaching talented rivals from one another is not uncommon in Silicon Valley, and salaries are increasing in value for workers, as job recruitment continues to be intense among tech and biotech companies.

D Las Vegas Casino adds bitcoin ATM for visitors to use

The D Las Vegas Casino Hotel, which was the first Sin City casino to accept bitcoin cryptocurrency payment, now has its own Robocoin bitcoin ATM. Customers can exchange U.S. currency and bitcoins, or deposit cash into bitcoin accounts. D Casino Hotel is located off the main strip, and can be found on Fremont Street.

 

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D co-owner Derek Stevens said the number of bitcoin-related transactions is higher than initially considered, though wouldn't disclose exact figures. The popular cryptocurrency is accepted at the D front desk, casino floor, restaurants and in the casino gift shop.

 

The addition of bitcoin ATM machines in shopping malls and other popular shopping destinations continues to grow - and with casinos fighting for visitors willing to spend money - adding them to the hotel lobby and casino floor makes sense. Bitcoins continue to gain mainstream acceptance from customers, and more stores are showing interest in accepting the currency as payment.

Cox plans to roll out residential gigabit internet service

Cox Communications is one of the largest cable TV providers in the US and has recently committed to rolling out ultrafast broadband internet service for residential users. Cox will be rolling out gigabit speed broadband to all of its residential customers starting this year. Cox plans to invest hundreds of millions of dollars in the rollout of the faster service.

 

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Cox is starting with upgrades to its networks in Phoenix, Las Vegas, and Omaha, Nebraska. The first customers in those areas will be able to upgrade to gigabit speeds in Q4 2014. Cox is the third largest cable and internet provider in the US behind Comcast and Time Warner.

Continue reading 'Cox plans to roll out residential gigabit internet service' (full post)

Apple working on fix for iMessage bug after acknowledging the issue

If you have anyone on your list of friends that you text who used to have an iPhone and then moved to another device, but kept the same number, you may have noticed texts don't always go through. The problem is in the way that Apple handles iMessage. The upside to iMessage is that you can send texts to people without having them count against your monthly text allotment. Granted most of us these days have unlimited texting.

 

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The issue Apple is acknowledging is one that sees texts continue to be handled as iMessages even when they are not. That means your texts may not be delivered to people after the move away from iMessage. Apple said on Thursday that it is in the first stages of fixing the issue.

Continue reading 'Apple working on fix for iMessage bug after acknowledging the issue' (full post)

Smartphones make up 87% of all mobile phone shipments in the US

Not too long ago smartphones were being outsold by feature phones and traditional mobile devices. That is changing with more and more people upgrading to smartphones as time goes by. New statistics have surfaced from Counterpoint's Market Monitor that looks at Q1 of 2014. For that, quarter smartphones reached 87% of all handsets shipped.

 

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Smartphone shipments totaled 3 million units for the quarter. The stats are specific in pointing out that they talk about smartphones shipped, not devices sold. Shipped means sent to stores for stock, but the devices may still be in stock rather than sold to consumers.

Continue reading 'Smartphones make up 87% of all mobile phone shipments in the US' (full post)

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