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Facebook hit with lawsuit over plan to issue new stock

Facebook CEO Mark Zuckerberg holds a pair of the touch controllers for the Oculus Rift virtual reality headsets during the Facebook F8 conference in San Francisco, CaliforniaBy Dan Levine SAN FRANCISCO (Reuters) - A Facebook Inc shareholder filed a proposed class action lawsuit on Friday in a bid to stop the company's plan to issue new Class C stock, calling the move an unfair deal to entrench Chief Executive Mark Zuckerberg as controlling shareholder. The lawsuit, filed in the Delaware Court of Chancery, followed the social networking company's announcement on Wednesday of its plan to issue the shares. The rejiggering of Facebook's share structure is effectively a 3-for-1 stock split.

04/29/2016 09:29 PM

Apple's stock suffers worst week since 2013

A 3D printed Apple logo is seen in front of a displayed stock graph in this illustration takenBy Noel Randewich SAN FRANCISCO (Reuters) - Apple Inc on Friday ended its worst week on the stock market since 2013 as worries festered about a slowdown in iPhone sales and after influential shareholder Carl Icahn revealed he sold his entire stake. Shares of Apple, a mainstay of many Wall Street portfolios and the largest component of the Standard & Poor's 500 index, have dropped 11 percent in the past five sessions. Confidence in the Cupertino, California company has been shaken since posting its first-ever quarterly decline in iPhone sales and first revenue drop in 13 years on Tuesday, although Apple investors pointed to the stock's relatively low valuation as a key reason to hold onto the stock.

04/29/2016 04:15 PM

Google faces first EU fine in 2016 with no deal on cards: sources

Google and European Union logos are seen in SarajevoGoogle is likely to face its first European Union antitrust sanction this year, with little prospect of it settling a test case with the bloc's regulator over its shopping service, people familiar with the matter said. There are few incentives left for either party to reach a deal in a six-year dispute that could set a precedent for Google searches for hotels, flights and other services and tests regulators' ability to ensure diversity on the Web. Alphabet Inc's Google, which was hit by a second EU antitrust charge this month for using its dominant Android mobile operating system to squeeze out rivals, shows little sign of backing down after years of wrangling with European authorities.

04/29/2016 02:26 PM

U.S. spy court rejected zero surveillance orders in 2015: memo
By Dustin Volz WASHINGTON (Reuters) - The secretive U.S. Foreign Surveillance Intelligence Court did not deny a single government request in 2015 for electronic surveillance orders granted for foreign intelligence purposes, continuing a longstanding trend, a Justice Department document showed. The court received 1,457 requests last year on behalf of the National Security Agency and the Federal Bureau of Investigation for authority to intercept communications, including email and phone calls, according to a Justice Department memo sent to leaders of relevant congressional committees on Friday and seen by Reuters. The court did not reject any of the applications in whole or in part, the memo showed.
04/29/2016 08:32 PM

Africa's giant eye in the sky proving worth its SALT

A man walks past dome housing SALT located near Sutherland in South AfricaBy Wendell Roelf SUTHERLAND, South Africa (Reuters) - South Africa’s SALT telescope has helped detect the first white dwarf pulsar, the latest co-discovery that has astronomers eager to use the largest optical telescope in the southern hemisphere to unlock the galaxy's secrets. Quick reaction times, as well as being significantly cheaper than similar European or American facilities in producing the science are key competitive advantages, said a senior astronomer at the SALT consortium during a media visit. “SALT is now living up to expectations, producing high-quality science data that probe the far reaches of the universe,” said Ted Williams, a director at the South African Astronomical Observatory managing the site.

04/30/2016 03:35 AM

Amazon's profit and revenue surge sweeps away doubts

Amazon boxes are seen stacked for delivery in the Manhattan borough of New York Inc's shares jumped in early trading on Friday, a day after the company reported profit and revenue that swept away analysts' estimates along with doubts about the online retailer's investment spree. "While it's tempting to try to pull out each component of AMZN’s strong 1Q (and generally recent) performance, we think it's the combination of many factors - the 'AMZN Flywheel', Prime, a growing distribution footprint, getting closer to customers, 3P (third party), AWS … the list goes on." The "Amazon Flywheel" refers to founder Jeff Bezos' strategy of offering the biggest selection of goods at the lowest prices and providing the best customer experience to create a "positive feedback loop".

04/29/2016 10:24 AM

11 new movie trailers from this past week that you have to watch
This week marks the debut of the highly anticipated Captain America: Civil War if you’re anywhere else other than America. That said, we’ve got a new clip from the Marvel blockbuster, as well as 10 other trailers you should check out from this past week. DON’T MISS:  This is how I make my iPhone look so much better than yours Absolutely Fabulous It’s a fabulous life in London, and around the world, in this adventure. It’s Absolutely Fabulous . Yes, you might be aware of a BBC series of the same name, but this time around we’re getting a full feature-length film. We’ve got Joanna Lumley, Jennifer Saunders and a bunch of stars playing themselves in this one – be on the lookout for Absolutely Fabulous on July 22nd. Batman: The Killing Joke We already talked about the teaser trailer for Batman: The Killing Joke , and now the full trailer is here for your enjoyment. Cell Want a Samuel L. Jackson / John Cusack type of action movie that’s anchored in our modern smartphone-dependent lives? Want a pinch of Stephen King in it? Here comes Cell , a film about smartphone-zombified humans. In theaters July 8th. Captain America: Civil War Did I say Civil War is already playing in some theaters? Do you already know there will be post-credits scenes ? OK good, now check out a new clip showing Spidey. Florence Foster Jenkins Florence Foster Jenkins is the true story of a rich woman (Meryl Streep) who thought she could become an opera singer and did everything in her power to pursue her dream. Of course, she couldn’t sing, but that’s beside the point. I can’t wait to see Streep in this one, coming August 12th. Joining her is Hugh Grant, who plays her husband. Here Alone Looking forward to new horror stories? In Here Alone , a woman is trying to survive on her own as the world falls victim to a massive epidemic. Is this a new zombie plague? It would appear so, though the trailer doesn’t quite show any walking dead – pun intended. Ma Ma Cancer. Love. Parenthood. Pregnancy. Life. Death. In short, that’s what Ma Ma , starring Penelope Cruz, is about. The movie premiered in Spain last September, but it’s yet to reach your neighborhood. Southside With You The best date ever is the one between Barack and Michelle Obama, if you believe Southside With You critics. The movie premieres August 26th, starring Tika Sumpter (Michelle) and Parker Sawyers (Barack). Snowden We’ve already talked about Oliver Stone’s Snowden , a movie that’ll turn the current debate about privacy, security and encryption into a real-life action movie. Tulip Fever Set in 17th century Amsterdam, this adultery story has an amazing cast, which makes Tulip Fever a must-see movie this year. We’ve got Alicia Vikander, Cara Delevingne, Christoph Waltz, and Judi Dench in Tulip Fever , which is set for a July 15th premiere. X-Men: Apocalypse Wolverine is back, baby! Check out the latest clip of X-Men: Apocalypse , which happens to be the final one before the movie is released on May 27th.
04/30/2016 10:11 AM

The Large Hadron Collider was shut down by a small mammal

The Large Hadron Collider was shut down by a small mammalCERN's Large Hadron Collider — the massive, atom-smashing machine that uncovered the Higgs boson — may have met its match: a tiny animal.

04/30/2016 10:09 AM

Recommended Reading: Why can't we stream more black TV shows?
04/30/2016 10:00 AM

Heart pounding first-person video takes you skydiving with Navy SEALs
Have you ever wondered what it might be like to be a member of the Navy SEALs Leap Frogs jump team as they leap from an airplane high above Knoxville, Tennessee and skydive down into a football stadium below? Weird, that's very specific of you to have wondered. No matter, because one of the SEALs strapped a GoPro camera to his head, and the result is a heart pounding first-person view of the entire stunt from start to finish. DON'T MISS:  This is how I make my iPhone look so much better than yours Members of the U.S. Navy Parachute Team pulled off the awesome stunt earlier this month to help celebrate the annual orange vs. white Spring Scrimmage at the University of Tennessee. UT Volunteers football players go head to head each year ahead of the season, and it just so happened to be Knoxville Navy Week, so naturally the Leap Frogs had to crash the party. OK, so they didn't actually crash anything. This was a carefully planned and expertly executed stunt, and you definitely shouldn't try this at home. Of course, now you won't have to since the video embedded below will show you exactly what it was like to be there. And in case you were wondering, white beat orange 70-63 this year.
04/30/2016 09:10 AM

ICYMI: Barely hoverbiking, new hair dryer tech and more
04/30/2016 09:00 AM

Roaming within the EU has just become cheaper
04/30/2016 06:00 AM

A man just smashed a world record with a jet-powered hoverboard

A man just smashed a world record with a jet-powered hoverboardFranky Zapata, the French jet ski champion who invented the Flyboard Air, has set a new Guinness World Record for the farthest hoverboard flight. Zapata achieved the feat Saturday morning off the coast of Sausset-les-Pins in the south of France, riding his Flyboard Air hoverboard for a distance of more than 2,252 meters (7,388) feet). Zapata, 37, gained wide attention online earlier this month after videos of himself riding the Flyboard Air went viral.

04/30/2016 05:31 AM

Watch a 360-degree video of SpaceX's rocket landing at sea
04/30/2016 03:47 AM

Puma's robotic running companion can keep pace with Usain Bolt
04/30/2016 01:38 AM

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