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Amazon tests Kindle Unlimited, a Netflix for e-books

Amazon tests Kindle Unlimited, a Netflix for e-books

SEATTLE, July 16 (UPI) --Amazon is testing a new subscription service called Kindle Unlimited that would allow users to access as many Kindle e-books and audio books as they like.
Ananth Baliga
Apple to pay $400 million to settle e-books suit

Apple to pay $400 million to settle e-books suit

CUPERTINO, Calif., July 16 (UPI) --Apple reached a $400 million settlement with 33 states for conspiring to fix e-book prices with publishers in order to dampen a sales program launched by Amazon.
Ananth Baliga
Tesla to launch $35K Model 3 in 2017, targets BMW 3 Series

Tesla to launch $35K Model 3 in 2017, targets BMW 3 Series

PALO ALTO, Calif., July 16 (UPI) --Tesla CEO Elon Musk confirmed a media report that the company's next car will be based on the Model X SUV and will be called the Model 3, selling for $35,000.
Ananth Baliga
U.S. government urges Congress to act on 'inversions'

U.S. government urges Congress to act on 'inversions'

WASHINGTON, July 16 (UPI) --The Obama administration urged Congress Wednesday to pass legislation that would stop corporations from undergoing foreign mergers to reduce their tax bills.
Ananth Baliga
China reaches growth target of 7.5 percent for April-June quarter

China reaches growth target of 7.5 percent for April-June quarter

BEIJING, July 16 (UPI) --China reported accelerated growth for April-June as the government increased spending and freed up more money for loans, growing the economy by 7.5 percent.
Ananth Baliga
Legal costs pull down Bank of America's quarterly earnings

Legal costs pull down Bank of America's quarterly earnings

NEW YORK, July 16 (UPI) --Bank of America earnings dropped 43 percent for the second quarter as the bank had to pay a large legal settlement that overshadowed otherwise good results.
Ananth Baliga
21st Century Fox offered $85 per Time Warner share, was rebuffed

21st Century Fox offered $85 per Time Warner share, was rebuffed

NEW YORK, July 16 (UPI) --Rupert Murdoch-led 21st Century Fox has confirmed an $80 billion bid for Time Warner that would have created a media behemoth, but was rejected by the latter.
Ananth Baliga
Fed continues to keep low rate as slack persists in economy

Fed continues to keep low rate as slack persists in economy

WASHINGTON, July 16 (UPI) --Fed Chairwoman Janet Yellen said Tuesday the Fed will keep interest rates low because significant slack still persists in the labor market.
Lingjiao Mo, Medill News Service
Yahoo quarterly results disappoints market, reflects dropping sales

Yahoo quarterly results disappoints market, reflects dropping sales

SUNNYVALE, Calif., July 15 (UPI) --Yahoo posted disappointing results late Tuesday reporting dropping sales and a floundering ad business, as CEO attempts to turn around the aging company.
Ananth Baliga
Apple and IBM team up for enterprise software cooperation

Apple and IBM team up for enterprise software cooperation

CUPERTINO, Calif., July 15 (UPI) --Apple and IBM announced a wide-ranging partnership that will see the latter use its data and analytic capabilities across Apple's devices.
Ananth Baliga
Amazon employees are more attractive than Google's, Facebook's

Amazon employees are more attractive than Google's, Facebook's

SEATTLE, July 15 (UPI) --E-commerce giant Amazon's employees were found to be the most attractive tech workers, beating employees from Facebook, Apple, Google and Microsoft.
Ananth Baliga
Microsoft to undergo biggest job cuts in five years

Microsoft to undergo biggest job cuts in five years

REDMOND, Calif., July 15 (UPI) --Microsoft is planning its largest round of layoffs this week, as CEO Satya Nadella looks to incorporate Nokia's handset division by removing overlapping jobs.
Ananth Baliga
FCC extends net neutrality comments deadline to Friday midnight

FCC extends net neutrality comments deadline to Friday midnight

WASHINGTON, July 15 (UPI) --A flood of net neutrality comments has led the Federal Communication Commission to extend its deadline for public opinion to Friday midnight.
Ananth Baliga
Unlocked Nokia Lumia 1020 available on T-Mobile and AT&T

Unlocked Nokia Lumia 1020 available on T-Mobile and AT&T

REDMOND, Calif., July 15 (UPI) --Microsoft is making an unlocked version of the Nokia 1020 available on its site starting Tuesday, but it's only available to T-Mobile and AT&T subscribers.
Ananth Baliga
Novartis, Google to work together on smart contact lens

Novartis, Google to work together on smart contact lens

LONDON, July 15 (UPI) --Healthcare giant Novartis is partnering with Google to to bring its smart contact lens, which will detect a users's bloody sugar levels, to consumer markets.
Ananth Baliga
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