In the legal arena’s contest of man versus machine, the U.S. Justice Department has given a big boost to the machines. Department officials reviewing the proposed merger of Anheuser-Busch InBev NV and Mexico’s Grupo Modelo SAB recently approved a request to use software — rather than a horde of lawyers — to determine which documents needed to be turned over to the government. Read the rest of this article on the original site »
Read MoreThe Chinese government has targeted U.S. government computer systems for intrusion, the Pentagon said Monday in a more direct accusation of cyberespionage than the U.S. has made in the past. While American officials have long charged that China is a top perpetrator of cyberespionage, a new Pentagon report goes a step further, blaming some cyberintrusions directly on the government and its military. Read the rest of this article on the original site »
Read MoreCongress took a step toward ending tax-free shopping on the Internet on Monday, as the Senate passed a bill empowering states to collect sales tax for purchases made online. But online shoppers won’t have to pay sales tax just yet. The measure — which got 69 yes votes and 27 no votes in the Senate — next goes to the House of Representatives, where anti-tax sentiment among many Republicans may make it more difficult to pass. Supporters of the legislation, named the Marketplace Fairness Act in the Senate, say it is about tax fairness and that it isn’t a tax increase. Read the rest of this post on the original site »
Read MoreLinkedIn Corp.’s first-quarter profit surged as the social network continued to benefit from higher membership rolls and premium subscriptions. But shares dropped after hours by 8.6 percent to $184.25, despite LinkedIn’s beating estimates, as the company issued downbeat revenue expectations for the second quarter. As of Thursday’s close, the stock was up 76 percent so far this year. The company raised its full-year revenue guidance by $20 million, now expecting $1.43 billion to $1.46 billion. However, it forecast $342 million to $347 million in second-quarter revenue, below market estimates of $359 million, according to a poll conducted by Thomson Reuters. Read the rest of this post on the original site »
Read MoreLinkedIn Corp.’s first-quarter profit surged as the social network continued to benefit from higher membership rolls and premium subscriptions. But shares dropped after hours by 8.6 percent to $184.25, despite LinkedIn’s beating estimates, as the company issued downbeat revenue expectations for the second quarter. As of Thursday’s close, the stock was up 76 percent so far this year. The company raised its full-year revenue guidance by $20 million, now expecting $1.43 billion to $1.46 billion. However, it forecast $342 million to $347 million in second-quarter revenue, below market estimates of $359 million, according to a poll conducted by Thomson Reuters. Read the rest of this post on the original site »
Read MoreShares of Advanced Micro Devices just had a big pop in heavy volume, lifting off of earlier gains and rising 40 cents, or over 14 percent, to $3.22, and as high as $3.28 just before that. Shares are experiencing cumulative volume today of 73.7 million shares, versus a 30-day average of 16.74 million. Read the rest of this post on the original site »
Read MoreToday was a good day for bullish views on Intel. There was Deutsche Bank‘s Ross Seymore writing about the probable rise in the company’s share of tablet computer microprocessors; and there was Wells Fargo‘s David Wong writing that investors don’t fully understand the promise in Intel’s broad line of chips. And from venerable technology newsletter Microprocessor Report, come two intriguing technical articles today discussing some of the technology advantages of the chip giant. Read the rest of this post on the original site »
Read MoreAfter years of delays and nagging engine problems, Richard Branson’s space tourism venture cleared an important hurdle Monday with the first powered test flight of its SpaceShipTwo craft. Though it lasted only about 16 seconds, the early-morning flight marks a milestone for Virgin Galactic LLC, the high-profile space tourism company that aims to start commercial operations late this year or early 2014. Read the rest of this post on the original site »
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