Organizers claimed that nearly 2 million Hong Kong protesters took to the streets Sunday in a rally to demand the city's top official resign a day after she suspended — but...China Politicsread more
African swine fever, which has already ravaged pig herds in China and pushed up food prices there, could also drive up inflation in the other emerging markets, according to...Asia Economyread more
Consumer goods giant Unilever has taken the unusual step of having some of its marketing staff read their own DNA profiles to see whether finding out about their heritage has...Marketing.Media.Moneyread more
Stocks in Asia were mixed on Monday as investors await a U.S. Federal Reserve meeting set to happen later in the week stateside.Asia Marketsread more
In the survey, 66% of Democratic primary voters say they'd be enthusiastic or comfortable about Biden as their nominee to take on President Trump in the 2020 election. Just...Politicsread more
Heavy rains caused unprecedented delays in planting this year and contributed to record floods across the central United States.Agricultureread more
Target's registers were down on Saturday for several hours preventing customers from checking out.Retailread more
Although Cook did not mention companies by name, his commencement speech in Silicon Valley's backyard mentioned data breaches, privacy violations, and even made reference to...Technologyread more
U.S. ambassador to Israel David Friedman called the gesture a "birthday present" to Trump, who turned 73 on Friday.Politicsread more
The outlook for Germany's economy and political stability are more uncertain than ever, writes Michael Ivanovitch.World Economyread more
The agreement, which is on the framework for the plan of adjustment, provide for more than a 60% average haircut for all $35 billion, a 36% haircut on pre-2012 general...Bondsread more
A U.S. judge on Friday rejected a $324.5 million settlement of a class action lawsuit filed by tech workers who accused four Silicon Valley giants including Apple and Google of conspiring to avoid poaching each other's workers.
In their 2011 lawsuit, the tech employees said the alleged conspiracy had limited their job mobility and, as a result, kept a lid on salaries.
The case has been closely watched due to the possibility of big damages being awarded and for the opportunity to peek into the world of some of America's elite tech firms.\
Representatives for the companies, as well as plaintiff attorneys, were not immediately available for comment on Friday.
The four companies agreed to settle with the plaintiffs in April for a total of $324.5 million. The plaintiffs had planned to ask for about $3 billion in damages at trial, which could have tripled to $9 billion under antitrust law.
The case was based largely on emails in which Apple's late co-founder, Steve Jobs, former Google Chief Executive Officer Eric Schmidt and some of their Silicon Valley rivals hatched plans to avoid poaching each other's prized engineers.
In one email exchange after a Google recruiter solicited an Apple employee, Schmidt told Jobs that the recruiter would be fired, court documents show. Jobs then forwarded Schmidt's note to a top Apple human resources executive with a smiley face.
Plaintiff attorneys argued Koh should approve the deal because the workers faced serious risks on appeal had the case gone forward.
However, some tech workers filed objections to the settlement, saying both sides should go back to the negotiating table in the hopes of obtaining a larger amount.
The case in U.S. District Court, Northern District of California is In Re: High-Tech Employee Antitrust Litigation, 11-cv-2509.