Google is being sued again. This time by Max Mosley over sex party pictures July 29, 2014 Max Mosley, the former boss of Formula One, has filed a lawsuit with the UK High Court in a bid to stop Google from gathering and publishing images of him at a sex party. Originally published in the now-defunct News of The World, the pictures breach rules on privacy and data protection claims Mosley. In [...]
Tesla lands $200m Panasonic investment in Gigafactory deal July 31, 2014 Japan's Panasonic is set to invest over $200m in American electric carmaker Tesla Motors' lithium-ion battery plant in the US, according to a person familiar with the matter. Panasonic had signed a preliminary agreement to be involved in the project back in May. In a joint statement the companies said Tesla would be responsible for [...]
Uber taxi app banned throughout Germany after Frankfurt ruling September 2, 2014 In what may be the severest crackdown on taxi app service Uber seen so far, Germany has banned the San Francisco-based company from operating throughout the country after a temporary injunction was issued by the Frankfurt regional court. Uber will be subjected fines of up to €250,000 (£198,000) if it defies the ban. The injunction [...]
New York Report: Dow down on rates rise call June 26, 2014 US STOCKS ended slightly lower yesterday, after the president of the Federal Reserve Bank of St Louis said interest-rate increases should come sooner rather than later. The Dow Jones industrial average fell 21.38 points or 0.13 per cent, to end at 16,846.13. The S&P 500 slipped 2.31 points or 0.12 per cent, to 1,957.22. The [...]
Twitter faced with a lawsuit just days before its expected float October 30, 2013 TWITTER was sued yesterday for $124m (£77.5m) by two companies claiming the private business fraudulently had them organise a private sale of shares to stoke investor interest for its upcoming public offering, then cancelled it. “Twitter never intended to complete the offering on behalf of Twitter stockholders, in the private market, thereby causing substantial damages [...]
Don’t take my technician: Court throws out $324.5m settlement for tech firm collusion August 9, 2014 A judge has rejected a $324.5m settlement offered by four Silicon Valley tech firms in a lawsuit brought against them by tech workers, who say that the companies colluded to not poach each other's employees. More than 64,000 of the workers have come together to take Apple, Google, Adobe and Intel to court. [...]
London Report: FTSE flat as Barclays fall is countered by housebuilder climbs June 26, 2014 BARCLAYS Bank’s shares plummeted 6.5 per cent yesterday as the FTSE index ended flat despite a rally in housebuilders on Bank of England comments. The FTSE 100 closed on 6,735.12 up 0.02 per cent or 1.5 points. The market was also underpinned by the London Stock Exchange Group, which surged 6.1 per cent after unveiling [...]
RJ Reynolds says it will fight order to pay $23.6bn to wife of cancer victim July 20, 2014 RJ Reynolds says it will fight a court order to pay $23.6bn (£13.8bn) to a woman whose husband died of lung cancer in 1996. The US's second biggest tobacco company was told that it must pay the significant sum to Cynthia Robinson, wife of the late Michael Johnson, following a four week trial which [...]
Elon Musk is right to share Tesla’s patents: Now he should ditch them altogether June 18, 2014 A WAR is being waged by the litigators of Silicon Valley. Their chosen weaponry: patent law. The battle is most obvious among the tech giants. In 2011, Apple and Google spent more on patent lawsuits and purchases than they put towards research and development. And it is consumers who get stung. A report released by [...]
Rugby chiefs warned over risk of NFL-like concussion lawsuit October 17, 2013 RUGBY Union’s governing bodies could face multi-million pound lawsuits unless they step up efforts to minimise the risks of concussion, according to a leading British neuroscientist. American Football’s NFL paid out £476m in a settlement to more than 4,500 former players who blamed dementia, depression and Alzheimers on concussion-related brain injury. The International Rugby Board [...]