Technology News Headlines

Exclusive: Apple, Google agree to pay over $300 million to settle conspiracy lawsuit

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SAN FRANCISCO - Four major tech companies including Apple and Google have agreed to pay a total of $324 million to settle a lawsuit accusing them of conspiring to hold down salaries in Silicon Valley, sources familiar with the deal said, just weeks before a high profile trial had been scheduled to begin.

Tech, Media 6:35pm EDT

Amazon's revenue increases even as spending climbs

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SAN FRANCISCO - Amazon.com Inc's revenue grew more than expected for the first quarter, offset by a sharp increase in spending on technology, content and new warehouses as the e-commerce giant branches into new businesses.

Tech, Media 5:59pm EDT

Apple, Google agree to settle lawsuit alleging hiring conspiracy

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SAN FRANCISCO - Four major tech companies including Apple and Google have agreed to settle a lawsuit accusing them of conspiring to hold down salaries in Silicon Valley, just weeks before a high profile trial had been scheduled to begin.

Tech, Media 5:10pm EDT

Google social networking boss Gundotra leaving company

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SAN FRANCISCO - Google Inc's head of social networking services, Vic Gundotra, is leaving the Internet search company, he said on Thursday, three years after overseeing the launch of the Google+ social network.

Tech, Media 3:38pm EDT

Facebook acquires fitness tracking mobile app Moves

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SAN FRANCISCO - Facebook Inc has acquired the maker of a mobile app that can track the distance consumers walk or run and measure the calories burned, giving the social networking company an entree into the nascent market for fitness and health monitoring technology.

Tech, Facebook, Media 12:58pm EDT

Trend-setter Apple's stock split could bring out the copycats

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NEW YORK - Apple has long been a trend-setter whose hot products attract imitators, and now its recent stock split might help revive a trend from the 1990s that has all but disappeared on Wall Street.

3:55pm EDT

Facebook courts journalists with newswire tool

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- Facebook said on Thursday that it has created a newswire tool tailored to journalists, part of a broader effort to be the go-to place for conversation for its 1 billion users.

Tech, Facebook, Media 3:29pm EDT

Touchscreen chip demand boosts Synaptics results, forecast

- Synaptics Inc reported better-than-expected third-quarter results as demand from mobile phone makers for its touchscreen chips surged, sending its shares up more than 12 percent in after-hours trading.

Tech, Media 4:51pm EDT

FCC pushes back against criticism over Internet traffic plan

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NEW YORK - The U.S. communications regulator on Thursday sought to tame an outcry over its plan to allow "fast lanes" for some content on the Internet, insisting that the agency will monitor and punish broadband providers that treat Web traffic "unreasonably."

Burkina watchdog fines cellphone firms $12 million for poor service

OUAGADOUGOU - Burkina Faso's communications regulator has ordered three cellphone companies to pay 5.8 billion CFA francs ($12.23 million) in fines for poor service.

3:35pm EDT
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Key retirements mean a changing of the guard next year in U.S. Congress

Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.