South Korean prosecutors have indicted Uber CEO Travis Kalanick for violating transport laws, reports CNBC's Kayla Tausche.» Read More
With Internet businesses set to report earnings this week, two analysts joined "Power Lunch" to discuss the likely performance of big names in the sector.
Shares of VeriSign, which manages the ".com" and ".net" domain names registry, dropped Monday after the company filed its first-quarter financial report, which included restatements related to historical stock option grants.
Last week I told you I got one of those international emails asking for help in dealing with money. You know, “I live in Nigeria and I’m looking for someone to help me locate $10 million my father left in a bank account.” The writing is usually contorted and only the most stupidly greedy among us would respond. The email I most recently received offered me a job helping a Malaysian company (selling something vague) make deposits in the U.S.
Ever what happens behind the scenes at high-powered events like the Allen & Co. Media conference in Sun Valley? We caught Google co-founder Sergey Brin behind a huge Canon camera questioning the paparazzi about their gear. Always curious, he wanted to know about camera settings and lenses. And he admitted that his favorite photography subject is the paparazzi itself, showing off some of his shots taken through trees.
I snagged Viacom CEO Sumner Redstone for a sit down interview during Allen & Co's day of tech panels. I was glad to catch him as last night, as Google Chariman and CEO Eric Schmidt told a bunch of reporters asking about Viacom's lawsuit against Google--that Viacom has "built its business on lawsuits."
Strap in because next week is going to be big for the biggest names in technology. We'll get earnings news on Tuesday from Intel and Yahoo; IBM and eBay on Wednesday; Microsoft, Google, Motorola and AMD on Thursday. Did you get all that?
Google took a swipe at media conglomerate Viacom, which is suing the Internet search leader and its video sharing site YouTube for $1 billion over "massive copyright infringement."
Today wasn't an all-time high for the Nasdaq, but there were plenty of investors who snapped up shares of semis and networking stocks. More than a few big cap techs posted multi-year highs on bullish predictions ahead of earnings, which kick off next week.
Google is not interested in pursuing an acquisition of Facebook, Google co-founder Sergey Brin told CNBC, though the entrepreneur left open the possibility that Google would be open to talks with Facebook if the social networking site made the first move.
At this point, most every business observer seems familiar with the anonymous Web antics of Whole Foods Market CEO John Mackey. While corporate-law experts debate the legality of his acts, investors are asking what it all means for the company's value. Andrew Wilkinson, senior market analyst at Interactive Brokers, joined "Power Lunch" to offer the options market's view of Whole Foods.
From the Allen Conference in Sun Valley, Idaho: I just spoke with Sergey Brin who, when asked if Google is interested in acquiring facebook, said " we don't look at companies for acquisition unless they are really interesting.". Then he said that while he thinks the company is interesting he said: "I think they are doing well on their own." He also said google wouldn't go after Facebook unless they came to "talk to us." And it sounded like they certainly haven't approached them yet.
CNBC asked billionaire dotcom entrepreneur Mark Cuban, owner of the NBA's Dallas Mavericks and author of his own blog, to comment on the revelation that Whole Foods CEO John Mackay had anonymously posted comments about his company and its arch-rival on a Yahoo message board.
An amorous entrepreneur who created a "virtual bed" featured in Second Life, a Web site in which users can build their own Internet lives, is suing an unknown user for allegedly "stealing" the bed for his or her own virtual sexual fantasies. The lawsuit for copyright infringement is "inappropriate and unfair," said Andrew Langsam, an intellectual property lawyer at Pryor Cashman. He joined "Power Lunch" to talk about the nature of cyber-play.
It's almost impossible to get lost in Olathe, Kansas. Why? Because that's the home of global positioning system (or GPS) giant, Garmin. The publicly-traded Garmin, founded in 1989 by Gary Burrell and Dr. Min Kao (Gar, as in Gary, Min as in Min, make 'Garmin') one of the fastest growing 'personal technology' companies in the world.
Averting a looming court battle over how it has been handling the exodus from its Internet dial-up service, AOL has agreed to make it easier for its remaining customers to leave as part of a $3 million settlement with 48 states and the District of Columbia.
Have you been the lucky recipient of one of those overseas emails seeking "help" in locating some missing millions or "advice" in investing a bazillion dollar windfall? The writer is always looking for a nice, honest American--like me. They clog my inbox at work no matter how many filters I put up. Now someone is writing back. Tony Phillips is doing via email what some of us used to do on the phone in the pre-"do not call" days--talk a telemarketer to death in a fiendishly circular conversation.
After all the hubbub about Live Earth, it wasn't quite the worldwide phenomenon everyone was hoping. I had intentions of watching the concert, but ended up spending time outside enjoying the lovely summer weather. The estimated 2.7 million viewers fell short of the 3 million viewers NBC usually draws on summer Saturday nights with repeats and Stanley Cup Hockey.
The controversy over just what the U.S. Supreme Court's ruling on Leegin v. PSKS means is still fueling debate. Hedda Schupak, Editor-in-chief of Fine Jewelry publication JCK wrote in with her impression on just what the ruling will mean for high end retailers. She seems to think that price-flooring has been going on for a long time and that the new ruling won't change those practices that drastically.
Google said on Monday it has agreed to buy Web-based security provider Postini for $625 million, expanding its package of online applications to compete with Microsoft's Office.
On the eve of the big (though decidedly more intimate) Electronic Entertainment Expo (E3) next week in Los Angeles, Microsoft drops a bombshell: all those bloggers complaining about the hardware crashes on Xbox 360 were heard in Redmond, Washington. Microsoft will set aside between $1.05 and $1.15 billion dollars to cover a new, 3-year extended warranty program to cover repairs for the device.