The U.S. consumer finance watchdog has slapped a $25 million fine on PayPal, Inc., the online payment unit of ebay, Inc., for illegally signing up and billing tens of thousands of consumers for its online credit product, PayPal Credit, formerly known as Bill Me Later. It did this without the consumers knowledge or consent and failed to address disputes when they complained.
Apple Inc. has updated the 15-inch MacBook Pro with Retina Display, adding the fifth-generation Intel processors and the pressure-sensitive Force Touch trackpad. The company also introduced a cheaper version of the 27-inch iMac with Retina 5K display.
Verizon Communications Inc. (VZ) Tuesday announced an agreement to purchase AOL Inc. (AOL), a key player in the digital content and advertising platforms space, for $50 per share, at an estimated total value of around $4.4 billion. The deal, which will help the telecom giant build digital and video platforms, is expected to close this summer.
Web services company AOL, Inc. said that 2.1 million people in the U.S. continue to use AOL dial-up to connect to the Internet. The figure was provided by AOL while reporting its quarterly earnings results on Friday. But the figure comes as a surprise, given that 70 percent of Americans connect to the Internet over the much faster broadband.
An Ohio-based startup claims to have developed a specially-designed iPhone 6 case that can slowly recharge the phone by harvesting electricity from thin air, or rather, from stray radio waves. At the TechCrunch Disrupt conference in New York, startup Nikola Labs launched an iPhone 6 case that converts radio frequency or RF signals into DC power.
David Byttow, founder of the anonymous messaging app Secret, has announced his decision to shut down the start-up, just 16 months after launching it. Meanwhile, another anonymous messaging app company Whisper announced it has hired Mark Troughton as President.
Both Secret and Whisper are messaging...
Finnish network equipment maker Nokia Corp. reported Thursday a net profit for the first quarter that surged 65 percent from last year, reflecting good performance in Nokia technologies and HERE. However, its non-IFRS operating profit declined 13 percent due to a decline in non-IFRS operating profit in Nokia Networks. The company also registered a 20 percent increase in sales.
Online retail giant Amazon.com (AMZN) has launched a new marketplace called Amazon Business, which helps online business shoppers exclusively to buy 45 business-specific categories, including office, IT, MRO, tools, scientific and food & beverage. Amazon said the new market place "ignites more B2B customers for sellers."