Economy

Adobe, Apple, Google & Intel Reach Worker Lawsuit Settlement: Agree to Pay $325M for Colluding to Limit Competition and Wages

Damages could have been much higher Four of Silicon Valley's biggest players have formally agreed to settle claims filed by employees and pay $325 million.

Apple vs. Samsung Patent Lawsuit Retrial: Unhappy With Verdict, AAPL Seeks Unlikely Ban of 9 Samsung Phone Models

Meanwhile, Chinese manufacturers have crept up in market share In its bid to have some Samsung phones banned from the U. S. market, Apple Inc. is leveraging its May 2 victory against its South Korean rivals.

iPhone Mobile Apps: Apple Removes Marijuana Dealing Game From App Store But Keeps Other Weed Themed Games

A new app game for smartphones where the user plays the role of a marijuana dealer was growing in popularity until Apple reportedly removed the game from the iTunes App Store this week, according to the game's creators.

YouTube Trailer Announces New App for Video Makers: Allows Fans to Donate to Content Creators, Submit Captions to Videos

More updates will come in the next few months YouTube is catering to the needs of its users and creators by making a new app with both crowdsourcing and funding features.

US Wins Major WTO Trade Dispute Against China: Unjustified Tariffs on American Car Imports Violated International Rules

Chinese practices unfairly impede US exports The Obama administration won against China on a major trade dispute between the two countries as the World Trade Organization in which it was decided that the taxes imposed by China on cars and SUVs made in America violated international rules.

Social Media Saturday: Facebook Starts Listening and Reminds Us of Privacy, While Twitter Is Dying on Wall Street

This week in social media, Facebook added a Shazam-like feature that can automatically tag music, TV or movies in status updates, just by listening in to your life. Speaking of listening in, Facebook also changed some of its privacy settings for the better with a reminder for users what privacy level their status updates are set to. Also, Twitter's having a bad week on Wall Street (again) while both it and rival Instagram are meeting resistance abroad.

More Evidence That Latinos Are Ahead on Mobile - PwC Survey

Latinos love mobile. That's been the message of various studies and surveys throughout the recent past, and this week PricewaterhouseCoopers added its own research into the chorus.

California Regulates Self-Driving Vehicles: Audi, Nissan, Tesla and Others Make Preparations for 2015

The regulations are pioneering in scope Self-driving vehicles are fancy to look at and even more so to own, much like Google's autonomous cars driving around towns and cities capturing images for Google Earth.

McDonald's Launching Controversial New Mascot 'Happy': How the Internet and Social Media Are Reacting

"Happy" will launch nationwide on May 23 The launching of the new McDonald's mascot got varied reactions, particularly on social media sites.

Cannes Film Festival 2014 Day 9: Ken Loach's 'Jimmy's Hall' Open to Mixed Reviews; Critics Week Sidebar Names 'The Tribe' the Best Film

The ninth day of the Cannes Film Festival saw the premiere of Ken Loach's "Jimmy's Hall" and also saw some of the sidebar's hand out their awards.

Google Fiber Remains Our Only Hope: Says It Won't Charge for Peering

What's been a side show to the general battle over net neutrality, the possible Comcast/Time Warner Cable merger, and the FCC is the more technical issue of network interconnects and "paid peering." Google Fiber -- which has been seen as the only hope for a fair, open internet if the FCC allows "fast lanes" and the largest cable merger in history -- just announced it doesn't and won't charge for peering.

Toyota Announces Recall of Over 430,000 Vehicles in U.S.

Toyota announced Thursday that the company is recalling 516,000 vehicles worldwide due to three safety issues.

Threat Level Thursday: What the Chinese Hacked From the U.S., Change Your eBay Password, and Congress Trying to Curb NSA

This week was particularly revelatory in the world of cyber security: the U.S. formally charged five Chinese military officials with cybertheft, eBay announced it was hacked, and it turns out the National Security Agency has been listening to some countries in Central America while the U.S. House of Representatives passed a bill to try to curb the NSA's practices.

McDonald's 'Fast Food Forward' Protesters March to Company Headquarters, Demand Higher Wages

Protesters plan to debate wages at shareholder meeting Thursday Over 100 McDonald's workers and activists were arrested Wednesday as they protested low wages at the company's headquarters in Oak Brook, Illinois.

Patent Troll Reform Bill Pulled by Senate Judiciary Committee's Sen. Patrick Leahy, Due to 'Not Sufficient Support'

Legislation to reform the patent system, notably "patent trolls," in the United States was given the curb courtesy of Sen. Patrick Leahy (D-Vt.).

Jobless Claims Higher Than Previously Expected; Unemployment Sits at 7-Year Low

16,000 more people filed claims than expected. More people filed unemployment claims than expected last week. In the week ending May 17, 326,000 unemployment claims were made, up from the 310,000 expected.

Mixcloud Founder Nico Perez Talks Music Technology and Branding at Internet Week NY

With 14 years of DJing experience, Nico Perez has provided an Internet platform for aspiring DJs and radio presenters called Mixcloud. With 10 million users per month, Mixcloud has captured the attention of many, particularly millennials.

We Love Our Smartphones And Hate ISPs, Especially TWC and Comcast - ASCI Report

Some common attitudes in our culture are pretty evident to anyone: Go out anywhere and strike up a conversation about mobile tech and the internet, and you'll discover most people love their devices, but have no love for the companies that provide service to them. This week, the American Consumer Satisfaction Index confirmed everyone's suspicions: we love our smartphones, but hate subscription TV and ISPs.

Netflix Set to Debut in Both Germany and France; Attempts to Fend Off Amazon Prime and HBO GO

Laws and preferences will make it a difficult transition Netflix is the world's largest Internet subscription service and now its heading to Germany, France and four other European countries.

JPMorgan Chase Pledges $100 Milliion to Detroit Over Next 5 Years: Urban Development, Blight Removal, Public Transportation

JPMorgan Chase is the largest bank in America JPMorgan Chase, America's largest bank, has pledged to invest more than $100 million in a combination of loans and grants over the next five years in Detroit.