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Apple's Story: Passion, Patience and Pressure
April 25, 2014
True, market-changing, life-changing innovation comes from three key elements: passion, patience and pressure. Apple is the poster child for this view of innovation. Especially now. Especially when Apple is simply selling millions of profitable iPhones and MacBooks and iPads, quarter after quarter -- after quarter -- with few truly "new" products to show off.
Google Rolls Out Time-Traveling Maps
April 24, 2014
Google has launched a new feature on Street View that enables users to browse through images dating back as far as 2007, as well as images from different seasons and at night. Street View users have long pined for the ability to look at shots from the past, according to Google Maps Street View Director of Engineering Luc Vincent. How neighborhoods used to look. That sort of thing.
Is Square Mobile Payments in Trouble?
April 24, 2014
The story of Square mobile-payments may surprise you. Imagine swiping customer credit cards on your iPhone, iPad or Android. We have all heard the magical stories about a brilliant idea sketched on a napkin that turned into the next big success in business. While these things do happen, more often the bubble bursts. It's just a matter of when. Is that what is starting to happen with Square?
Founder of Russian Social Media Says He Got the Boot
April 23, 2014
Pavel Durov, the founder of Russia's most popular social network site, claims he has been ousted by allies of President Vladimir Putin -- who went ahead and took over the site while they were at it. Durov, who ran the mega-popular VKontakte, had reportedly run afoul of the Russian government for refusing to heed requests to censor posts on the site.
Alibaba IPO Could Spark E-Commerce Investment Surge
April 17, 2014
Whether Alibaba launches its IPO on April 21 or in the following days, it clearly will be a major event for Wall Street. By any measure, it will be a blockbuster. The company will raise up to $15 billion in the offering, which would place its value at $200 billion. These are not unrealistic numbers. The company reportedly posts more revenue and net income than Amazon and eBay combined.
Samsung Strikes Deal With Fellow Apple Patent Foe
April 16, 2014
Samsung, longtime patent foe of Apple, will partner with Swiss Federal Railways, another -- unlikely -- Apple patent foe. While the deal itself may not be groundbreaking -- Samsung will supply the state-owned rail company with 30,000 mobile devices -- it is interesting given both parties' litigious background with Apple. Samsung's court battles with Apple have been documented ad nauseum.
Amazon to Investors: The Sky's the Limit
April 11, 2014
Amazon has released its annual letter to shareholders, revealing a smattering of tidbits about what's happening in the company now and what's in store for the future. The running theme throughout the letter is innovation. The entire company innovates with the customer in mind, Amazon CEO Jeff Bezos wrote, touching on its ethos of failing early while inventing and iterating to perfect a project.
Icahn, eBay Kiss and Make Up - for Now
April 11, 2014
eBay and corporate raider Carl Icahn on Thursday ended their months-long acrimonious battle with metaphorical hugs and kisses. eBay's board accepted an Icahn nominee -- CVS Caremark Chairman David Dorman -- as one of its 10 independent directors, and the disputants sang each other's praises. "Extremely pleased about agreement," Icahn tweeted. "Believe it's a win-win for all shareholders."
Investors See Gold Mine in Quora
April 10, 2014
Why is question-and-answer website Quora so popular with investors? "Because of the high quality of the discussions on the site," answered Paul Levinson, professor of communications and media studies at Fordham. To get a true expert take on the matter one would have to consult Tiger Global Management, which led the Series C venture capital round that brought in $80 million.
Courtroom Drama: Hollywood Sues Megaupload
April 08, 2014
Six Hollywood studios have banded together in a copyright infringement lawsuit against Megaupload, the wildly popular though now shuttered site that, in its heyday, was ground zero for file-sharing. The suit doesn't specify an amount of damages, but does say that the studios should be entitled to $150,000 per copyright infringement, as well as profits earned by Megaupload.
Speed of Technology Confounds Wall St. Regulators
April 08, 2014
Michael Lewis did not do the securities industry any favors with the publication of his new book, Flash Boys: A Wall Street Revolt. His portrayal of how investment banks use high-frequency trading to leverage the few additional milliseconds this technology provides to grab stocks at optimal prices appears to have been a factor behind federal agency decisions to investigate this activity.
Candy Crush Fails to Melt Wall St.'s Heart
March 27, 2014
Investors didn't share the same excitement for King Digital Entertainment stock as Candy Crush fans do for the mobile game, sending King shares down nearly 16 percent in Wednesday's disappointing first day of trading. It slipped a further couple of percentage points on Thursday. King's stock debuted at $22.50, but dropped 15.6 percent to close at $19 -- this year's worst first day drop for an IPO.
eBay Board Pumps Up Volume in PayPal Clash
March 27, 2014
eBay's board of directors this week urged shareholders to reject Carl Icahn's plan to spin off PayPal as a separate company. "Our shareholders and our customers are best served by keeping PayPal and eBay together," the board said in a letter to investors. "No other payments competitor has achieved PayPal's success -- because no other competitor has had a commerce platform like eBay."
Haunted Empire - Biased Author or Biased Readers?
March 24, 2014
What really surprises me about the book Haunted Empire, which predicts the decline of Apple, isn't that Apple fans don't like it. That's a given -- Apple fans only want positive books and stories. It is the level of effort that has gone into killing it, and how much that apparently has accelerated sales. There is an old saying: The only thing better than bad publicity is no publicity.
Earth Narrowly Missed Solar Blasts in 2012
March 20, 2014
Enormous solar blasts, which possessed the potential to wreak havoc on electrical grids and satellites, barely missed Earth in 2012. The near-misses, revealed by researchers Wednesday, would have been akin to the 1859 Carrington Event, the largest solar storm ever recorded. While there were no satellites to cripple back then, the storm knocked out telegraph systems across the U.S.
Alibaba Seeks Treasure in US IPO
March 18, 2014
Alibaba, which controls 80 percent of the e-commerce in China, is going public -- but not in its native land. Alibaba Group on Sunday announced its decision to begin the process of an initial public offering in the United States, saying the move would make it a more global company and enhance its transparency, while allowing it to pursue its long-term vision and ideals.
Chinese E-Commerce Giant Plans Stateside IPO
March 17, 2014
Gargantuan Chinese e-commerce outfit Alibaba soon will begin the process of launching an initial public offering on the New York Stock Exchange. Early forecasts suggest that the IPO could raise $15 billion. The announcement seemingly ends speculation about whether Alibaba would be listed on the NYSE or in Hong Kong. Alibaba apparently found some of the SEHK's rules particularly unpalatable.
Icahn Escalates War of Words With eBay
March 12, 2014
Carl Icahn's latest move in a campaign to compel eBay to sell its PayPal division is to take on its CEO John Donahoe. The company on Monday rejected Icahn's nominees to the eBay board -- employees Daniel Ninivaggi and Jonathan Christodoro -- on the grounds that they were unqualified. The board urged shareholders to vote against them at its upcoming annual meeting.
Oppenheimer to Fly the Apple Coop
March 04, 2014
Apple CFO Peter Oppenheimer will retire in September, when he'll be replaced by Corporate Controller Luca Maestri, the company's VP of finance. Maestri will begin taking the reins in June. The move was expected. When Maestri joined Apple last year from Xerox, where he was CFO, the rumor mill began buzzing about his being groomed for Oppenheimer's post.
China Risks Another State-Run Search Engine Faceplant
March 04, 2014
The Chinese government is taking another stab at the domestic search market with a new service called "ChinaSo." ChinaSo was formed by merging two already-failed search engines: Jike, launched three years ago by state-run newspaper/propaganda pusher The People's Daily; and Panguso, launched by fellow state-run media outlet Xinhua.
Target Reels From Customer Data Breach
February 26, 2014
Target reported financial results for the quarter during which it suffered a high-profile data breach, revealing how badly the company was stung by the security lapses. In the three months ending Feb. 1, net earnings dropped by 46 percent compared with the year-ago fourth quarter, from $961 million to $520 million. Profit dropped by more than 40 percent from the same period a year earlier.
Investors Drop $350M on Dropbox
February 25, 2014
Dropbox reportedly has secured $350 million in a new round of funding to further its growth. The funding round generated at least $325 million but that figure could swell to as much as $450 million, according to documents filed Tuesday with the Securities and Exchange Commission. It appears that $350 million already has been raised. The financing gives Dropbox a $10 billion valuation.
Icahn Slams eBay Directors in PayPal Liberation Campaign
February 25, 2014
Carl Icahn has ratcheted up his efforts to get eBay to spin off its lucrative PayPal division. The billionaire investor on Monday sent an open letter to other shareholders accusing eBay board members Marc Andreessen and Scott Cook of placing their interests before those of investors. Icahn called out Andreessen's involvement in the group that acquired a 70 percent stake in Skype from eBay.
WhatsApp Gives BlackBerry a Bounce
February 20, 2014
Facebook's $19 billion purchase of mobile-messaging service WhatsApp appears to have buoyed the value of BlackBerry Messenger -- and by extension, BlackBerry. BlackBerry shares went up nearly 10 percent in after-hours trading because, in the words of Reuters, Facebook's purchase "put a rough valuation metric around the smartphone maker's own BlackBerry Messaging service," also known as "BBM."

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