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Apple, Google agree to settle lawsuit alleging hiring conspiracy

Thursday, 24 April 2014 15:30
By Dan Levine SAN FRANCISCO (Reuters) - 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. The settlement, disclosed in a court filing on Thursday, did not spell out terms. Tech workers filed a class action lawsuit against Apple Inc, Google Inc, Intel Inc and Adobe Systems…
Visa's quarterly profit rises 26 percent
Thursday, 24 April 2014 15:30
(Reuters) - Visa Inc , the world's largest credit and debit card company, reported a 26 percent rise in quarterly profit as consumers spent more using cards on its network. Net income attributable to the company rose to $1.60 billion, or $2.52 per Class A share, in the second quarter ended March 31 from $1.27 billion, or $1.92 per Class A share, a year earlier. Total operating revenue rose 7 percent to $3.16 billion.
Apple lifts S&P 500, Nasdaq; Dow ends flat
Thursday, 24 April 2014 15:30
By Ryan Vlastelica NEW YORK (Reuters) - U.S. stocks rose in a volatile session on Thursday as Apple and Caterpillar were the latest high-profile names to post bullish results, though gains were limited by a resurgence of concerns related to Ukraine. Markets had opened sharply higher, with the Nasdaq initially climbing more than 1 percent before turning negative in the first half-hour of trading. While Wall Street subsequently recovered, with gains again concentrated in the…
Amazon posts higher-than-expected first-quarter revenue
Thursday, 24 April 2014 15:30
SAN FRANCISCO (Reuters) - Amazon.com Inc reported a 32-percent jump in first-quarter net income on Thursday as the largest U.S. online retailer's revenue rose a better-than-expected 23 percent. The e-commerce giant, which is also rapidly expanding its lineup of devices and computing services to sustain its pace of growth, reported earnings per share of 23 cents, in line with Wall Street expectations.
Microsoft profit dips but beats estimate
Thursday, 24 April 2014 15:30
SEATTLE (Reuters) - Microsoft Corp said on Thursday fiscal third-quarter profit fell 7 percent, as sales of personal computers continued to slide, hurting its consumer business. The world's largest software company reported quarterly profit of $5.66 billion, or 68 cents peer share, compared with $6.05 billion, or 72 cents, in the year-ago quarter. However, the decline was exaggerated by deferred revenues boosting the year-ago figure, and the latest quarter's profit beat Wall Street's average estimate…
Opinion: Did flammable cargo doom Flight 370?
Thursday, 24 April 2014 14:32
The inside of a lithium-ion battery used in a Prius plug-in hyrbrid car is on display. "Li-ion" batteries are used extensively in cell phones and laptops. STORY HIGHLIGHTSSylvia Adcock: Investigators need to look closely at Flight 370's cargo manifestAdcock: Malaysian officials said jet was carrying 440 pounds of lithium ion batteriesAdcock: Lithium ion batteries are flammable, can burn in a way that's difficult to extinguishChecking this is at least as important as investigating pilot's flight…
Doctors in Afghanistan didn't die in vain
Thursday, 24 April 2014 14:32
STORY HIGHLIGHTSThree American doctors killed by Afghan guard at Kabul hospitalGhitis: Our first reaction is to ask if it's worth keeping aid workers in AfghanistanShe says aid organizations face agonizing decisions about withdrawing staffGhitis: There's no doubt that Afghanistan is a better country than at start of century Editor's note: Frida Ghitis is a world affairs columnist for The Miami Herald and World Politics Review. A former CNN producer and correspondent, she is the author…
Calls incident 'a bizarre scenario'
Thursday, 24 April 2014 14:32
STORY HIGHLIGHTSMalaysian Prime Minister Najib Razak speaks to CNN's Richard Quest"I need to take into account the feelings of the next of kin," PM Najib Razak saysInvestigators assured him of their conclusion, Najib saysNajib believes someone monitored a military radar the night of the flight's disappearance (CNN) -- More than six weeks after Flight 370 disappeared, Malaysia's prime minister says his government is still not prepared to declare it -- and the 239 people on…
5 ways to avoid social media disaster
Thursday, 24 April 2014 14:32
STORY HIGHLIGHTSAn NYPD social media campaign on Twitter backfired Mel Robbins: You can't control a conversation on TwitterShe says social media is often ruled by haters, and people can be brutally honest Robbins: Moral of the story is that to promote a brand, you have to know the rules Editor's note:Mel Robbins is a CNN commentator and founder of inspire52.com, providing daily "good news" stories and viral videos. She hosts "The Mel Robbins Show" Sundays…
Engel: Americans Killed in Kabul Amid Climate of Mistrust
Thursday, 24 April 2014 14:32
BREAKING: Yankees Pitcher Michael Pineda Suspended 10 Games for Using Pine Tar