News Posts Archives - Page 77 of 129

Grooveshark copyright violations ‘willful,’ judge says before trial

April 24, 2015 creative defendants-had, directed-their, employees, federal-court, illegal-uploads, legal, madonna, music-streaming, over-the-trial, statutory

By Andrew Chung NEW YORK (Reuters) – Online music streaming service Grooveshark could potentially have to pay hundreds of millions of dollars to major record labels after a U.S. judge ruled ahead of its trial starting on Monday that Grooveshark’s copyright violations on nearly 5,000 songs were “willful” and made “in bad faith.” U.S. District Judge Thomas Griesa, who will preside over the trial in federal court in Manhattan, said in a court order on Thursday that because of Grooveshark’s actions he will tell jurors they can choose to award the statutory maximum of $150,000 in damages per song

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EU antitrust case against Google based on 19 complainants: sources

April 24, 2015 admin case, companies, europe, expand-the-case, focus-on-price, illegal-uploads, its-preliminary, madonna, microsoft, picture, regulatory, statutory

By Foo Yun Chee and Eric Auchard BRUSSELS/BERLIN (Reuters) – The European Union's decision to take on Google last week stems from official complaints by 19 companies in Europe and the United States, including Microsoft and a number of small firms, people familiar with the matter said on Friday. The list of complainants in the European Commission's charge sheet, which includes companies not directly involved in the charges around Google's shopping service, would make it easier for the regulator to expand the case beyond its preliminary focus on price-comparison shopping sites. Being an official party to the case gives the companies an insider track on the regulatory proceedings as they will be able to get a copy of the detailed EU charge sheet and argue their case at a hearing of competition experts should Google ask for one.

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Infosys bets on new services to push sales to $20 billion by 2020

April 24, 2015 admin bellwether, case, dampening-hopes, india, infosys, picture, statutory, the-bellwether, under-chief, vice-president

By Aman Shah and Devidutta Tripathy MUMBAI (Reuters) – Infosys Ltd, India's second-largest software services exporter, on Friday posted quarterly net profit that lagged most analyst expectations, dampening hopes of a quick turnaround after top management changes. Bengaluru-based Infosys, once seen as the bellwether of India's $150 billion IT services industry, has in recent years struggled to innovate and retain market share due to a staff exodus that also impacted its ability to win lucrative deals.

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India’s Paytm adds mobile marketplace app for e-merchants

April 24, 2015 creative bellwether, case, china, dampening-hopes, india, mobile-app, online-payments, paytm-chief, platform-backed, pushing-deeper, shekhar-sharma, the-country, under-chief

Paytm, an Indian online payments platform backed by China’s Alibaba, is pushing deeper into India’s booming e-commerce industry with a zero-commission mobile app marketplace targeted at small and medium-sized firms, the mainstay of the country’s economy.

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Former NSA head Alexander asks agency to review patents

April 24, 2015 publisher government, india, leaving-the-nsa, online-payments, platform-backed, pushing-deeper, san, security, shekhar-sharma

By Joseph Menn SAN FRANCISCO (Reuters) – Former National Security Agency Director Keith Alexander has asked the U.S. intelligence agency to review patent filings by his company to make sure that they do not reveal any secrets or misappropriate any government work

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House passes second ‘threat-sharing’ cybersecurity bill

April 24, 2015 creative berlin, breach, breach-earlier, computer-screen, data, government, man-typing, obama, picture, president, the-president, usa, white

The U.S. House of Representatives voted overwhelmingly on Thursday to pass a bill that extends liability protection for companies that share information about cyber attacks, if they give the data to the U.S.

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Amazon revenue beats, cloud computing more profitable than expected

April 24, 2015 admin after-closing, amazon, brooklyn, cloud-computing, computer-screen, data, its-secretive, man-typing, nasdaq-chief, obama, picture, shares-rose, slightly-higher, white, woman-holds

The e-commerce company for the first time broke out financial details of its secretive cloud computing unit, Amazon Web Services, on Thursday, saying revenue jumped almost 50 percent to $1.57 billion, or about 7 percent of total revenue. The unit's operating income grew 8 percent to $265 million.

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Microsoft profit, revenue beats Wall Street view; shares up

April 24, 2015 admin after-closing, amazon, computer-screen, currency-rates, man-typing, microsoft, nasdaq-chief, obama, services-helped, street

Microsoft Corp on Thursday reported revenue and profit above Wall Street expectations, as sales of its hardware and cloud-computing services helped to offset a decline in the company's core Windows business. “The Street will cheer these results as it appears Microsoft is back on the right track after a head-scratching performance last quarter.” Sales of Windows to computer manufacturers to install on new PCs fell 19 percent in the quarter, reflecting a sharp dip from a year ago when Windows got a brief boost from consumers rushing to buy new machines after Microsoft stopped support for the 14-year-old XP operating system. Microsoft's overall revenue rose 6 percent to $21.7 billion, above Wall Street's average forecast of $21.1 billion, according to Thomson Reuters I/B/E/S.

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Google shares rise after online ad sales drive revenue higher

April 24, 2015 admin after-closing, computer-screen, currency-rates, file, financial, forecasts, from-the-strong, internet, man-typing, quarterly, services-helped, street, toronto

Google Inc reported higher quarterly revenue and profit as rising online ad volume offset a hit from the strong dollar, sending the Internet company's shares higher in after-hours trading. While revenue and profit missed the forecasts of Wall Street analysts, many investors had been bracing for a weaker report, said BGC Financial analyst Colin Gillis. The company has faced challenges in mobile advertising and is running up more expenses as it invests in new businesses.

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Indian jeweller pulls ‘racist’, ‘slave-child’ ad with Bollywood actress

April 23, 2015 creative 67th, aids, aishwarya, carpet-as-she, child, festival, india, indian, joint-united, said-the-image, screening, thomson-reuters

By Nita Bhalla NEW DELHI (Thomson Reuters Foundation) – A major Indian jewellery chain has withdrawn an advert featuring Bollywood actress Aishwarya Rai Bachchan with a dark-skinned boy holding a parasol over her after it was slammed by activists and on social media for being racist and promoting child slavery. Kalyan Jewellers, which employs about 4,000 people across India, said the advertisement featured in a national newspaper on April 17 was intended to present “royalty, timeless beauty and elegance”