PayPal has agreed to settle on claims brought forth by more than half of the states in the U.S. The online payment site also announced that it has reached a settlement in a class action lawsuit filed last year.
In yet another legal victory for the RIAA against P2P networks, a national court case was closed yesterday as U.S. District Judge Stephen Wilson ruled that Morpheus's parent company, StreamCast Networks, is guilty of massive copyright infringement.
Buena Vista Games, the video game division of Disney, today announced that it has purchased the UK development studio Climax Racing. According to Buena Vista, this will be company s first game studio in Europe, and the third in the world.
Video game publisher Vivendi Games today announced that they have purchased two new development studios, Secret Lair Studios and Studio Ch'in. The acquisition adds to Vivendi's portfolio of six development companies worldwide.
HP today announced that general counsel Ann Baskins has resigned from the company, effective immediately. Baskins was indicated by Mike Holston of law firm Morgan Lewis, which leads the internal investigation in the HP board leak and investigation scandal, to have been a central figure with comprehensive knowledge of the questionable investigation practices applied by HP and an external company.
Microsoft's video games could get much more Hollywood excitement and drama as the company today announced that it will create Wingnut, a new game studio in cooperation with Academy award winning writer, director, and producer Peter Jackson as well as Academy Award-winning screenwriter Fran Walsh.
Microsoft has officially filed a federal lawsuit against the hacker, known by the pseudonym "Viodentia", who developed a software patch that allowed users to remove the Digital Rights Media (DRM) code from the Windows Media Player application.
In a response to the controversial leak of the search records of AOL members, three individuals are seeking national class-action status for the suit. According to their lawyers, this is the first such lawsuit against AOL concerning this issue.
Today, Tom's Hardware Guide turns ten years old. Over the years, the site has gone from being a simple hobbyist site for hardware enthusiasts to a media business that reaches out across the globe, appearing in 11 languages, on three continents, and reaching an audience of over 10 million unique visitors a month.
HP's boardroom scandal reached a new level on Friday when chief executive officer Mark Hurd was named chairman, replacing Patricia Dunn three months earlier than originally announced. A counseling law firm also confirmed that Hurd was aware of parts of the investigation, which included an email tracer, the search of phone records and the surveillance of individuals.
Ubisoft, the company behind video game franchises such as Prince of Persia and Splinter Cell, deals with a leak that revealed details such as images of virtually every upcoming major title to the Internet. The incident included information about unannounced games such as Farcry 2, Prince of Persia 4, and Splinter Cell: Conviction.
Several new details surrounding HP's boardroom leak scandal were made public on Thursday and upgraded the investigation into what the Associated Press called a "new weirdness level": CEO Mark Hurd is suspected to have approved a spying campaign against a reporter, to extract details about the origins of a leak. HP reacted and said it plans to brief the press on Friday.
Yahoo apparently is in the final stages of negotiations to acquire social network directory Facebook.
Dell today said that NASDAQ informed the company of a potential delisting, pending a decision by the qualifications panel of the trading organization. The letter is part of a standard procedure of NASDAQ that followed Dell's decision to delay the filing of its Form 10-Q for the quarter ended 4 August of this year.
Dell stated that it is currently unable to file the form, because of "questions raised in connection with an informal investigation by the U.S. Securities and Exchange Commission (SEC) into certain accounting and financial reporting matters."
T-Mobile has won the federal government auction for additional radio-wave spectrum. T-Mobile's winning bids totaled nearly $4.2 billion and will allow the company to increase its coverage area to Los Angeles, New York, and other major cities as well as other scattered areas throughout the country. Most importantly, T-Mobile now can build a solid 3G network in the U.S.
Market research firm Jon Peddie Research (JPR) today said that the desktop PC graphics market has reached a volume of $5.88 billion in the second quarter of this year.
El Segundo (CA) - The new Ipod Nanos may offer twice the memory capacity for the price of their respective predecessors at launch, but don't think Apple is giving away anything for free: According to a teardown analysis conducted by Isuppli, Apple fine-tuned the layout and components of the player and is able to build the 4 GB model for less money than the original 2 GB version.
The battle for high-definition disc dominance has made few ripples in the non-videophile population. Still, most of the big movie studios have pledged support for either Blu-ray or HD DVD, and a few, like Warner Bros, have begun to release movies on both formats.
Schaumburg (IL) - Motorola and Symbol Technologies today announced that they have merged in an arrangement that Motorola says will help its business strategy of seamless mobile integration. The acquisition, which costs Motorola $15 per share of Symbol stock, is expected to be finalized by the early part of 2007.
CustomFlix, the company behind Amazon.com's flagship DVD on demand store, today announced an expansion of its partnership with Amazon with a music CD on demand service. Independent artists will be able to upload their music and sell custom CDs to millions of customers.