Apple CEO Cook gives up $75M in stock dividends
NEW YORK (AP) — Apple CEO Tim Cook is giving up $75 million in dividends on restricted stock that the company is awarding to all of its employees.
- Alibaba.com $2.5B privatization bid approved
HONG KONG (AP) — Chinese e-commerce firm Alibaba Group's $2.5 billion bid to take its Hong Kong-listed unit private was cleared Friday by minority shareholders, easing the way for CEO Jack Ma to gain more control over his company's destiny.
- Morgan Stanley may refund some Facebook investors
NEW YORK (AP) — Morgan Stanley, the lead investment bank in Facebook's troubled initial public offering, will compensate retail investors who overpaid when they bought Facebook's stock in Friday's IPO, according to a source familiar with the matter.
- New Google data show Microsoft's piracy problems
SAN FRANCISCO (AP) — Google's Internet search engine receives more complaints about websites believed to be infringing on Microsoft's copyrights than it does about material produced by entertainment companies pushing for tougher online piracy laws.
Broadcasters sue Dish over ad-skipping DVR service
LOS ANGELES (AP) — Broadcasters Fox, NBC and CBS sued Dish Network Corp. on Thursday over a service that offers commercial-free TV.
Facebook launches iPhone camera app
NEW YORK (AP) — Facebook's rocky initial public offering hasn't stopped life at the world's biggest online social network. On Thursday, the company unveiled a camera app for the iPhone.
Times-Picayune to cut paper to 3 days a week
NEW ORLEANS (AP) — The Times-Picayune, one of the nation's oldest newspapers, will no longer offer print editions seven days a week and instead plans to offer three printed issues a week starting in the fall. The change means New Orleans would become the largest metro area in the nation without a daily newspaper in the digital age.
Say cheese! NASA Mars rover photographs own shadow
LOS ANGELES (AP) — Even robots like to have fun. NASA's rover on Mars showed off its playful side by snapping a picture of its own shadow. It's the latest self-portrait since the rover, named Opportunity, landed on the red planet in 2004.
Facebook shares stabilizing, but probes mount
NEW YORK (AP) — Facebook's initial public offering is the subject of two congressional inquiries and mounting lawsuits as the social network enters its fifth day of public trading.
Yahoo seeks to shake up search, Web browsing
SAN FRANCISCO (AP) — Joining the battle to redefine Internet search, Yahoo is taking aim with a new browser enhancement it calls "Axis."
