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Sony to pay up to $8 million in ‘Interview’ hacking lawsuit

October 20, 2015 creative 2013-election, angeles-under, catching-fire, claimed-their, culver-city, federal-court, force, government, north, opposition, phnom, pictures, said-on-tuesday, sony, under-the-deal

Sony Pictures Entertainment Inc has agreed to pay up to $8 million to resolve a lawsuit by employees who claimed their personal data was stolen in a 2014 hacking tied to the studio's release of a comedy set in North Korea, “The Interview.” The settlement with the Sony Corp unit and current and former employees was disclosed in papers filed on Monday in federal court in Los Angeles. Under the deal, Sony will pay up to $2.5 million, or $10,000 per person, to reimburse employees for identity theft losses and up to $2 million, or $1,000 per person, to reimburse them for protective measures they took after the cyber attack. Sony has also agreed to pay up to $3.49 million to cover legal fees and costs, according to court papers.

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Tinder, Match.com owner seeks date with investors

October 16, 2015 creative 254-7-million, barry-diller, financials, lead-the-ruling, liberal, quarter-ended, support, their-support, well-received

The company is owned by media mogul Barry Diller’s IAC/InterActiveCorp , which said in June it would float less than 20 percent of Match in an IPO. Revenue rose 10.3 percent to $888.1 million in 2014, according to the company’s IPO filing, while it jumped 19 percent to $254.7 million in the second quarter ended June. “It looks like it will be well received by the IPO market ..

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University cannot get triple damages in patent fight with Apple

October 16, 2015 creative apple, customer-holds, extract-triple, infringed-its, iphone, much-the-iphone, performance, staples-center

The University of Wisconsin-Madison's patent licensing body will not be able to extract triple damages from Apple as a jury weighs how much the iPhone maker must pay for using its microchip technology without permission, a U.S. judge ruled on Thursday.

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Ten more people detained in Ankara bombing probe: PM

October 15, 2015 creative ahmet-davutoglu, ankara, saturday, street-vendor, syria, turkey, twitter, victims

Ten more people have been detained in connection with messages they wrote on Twitter about the suicide bombings which killed 99 people in Ankara, Prime Minister Ahmet Davutoglu said on Thursday, bringing the number held to 12. Davutoglu told Reuters on Wednesday some of the suspects in Saturday's attack, the worst of its kind in Turkey, had spent months in Syria and could be linked to Islamic State or to Kurdish militants.

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Thailand scraps unpopular Internet ‘Great Firewall’ plan

October 15, 2015 creative ahmet-davutoglu, bangkok, former-finance, government, least-popular, minister-somkid, putting-paid, street-vendor, syria, the-government, turkey, twitter

Thailand's military government has scrapped a plan to create a single Internet gateway, a deputy prime minister said on Thursday, putting paid to a system aimed at allowing authorities to monitor content. The plan to consolidate Thailand's 10 Internet gateways into one central government-controlled point had been one of the government's least popular ideas since it came to power following a bloodless coup last year. Deputy Prime Minister Somkid Jatusripitak, a former finance minister, said the plan had been halted

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Twitter announces layoffs as CEO Dorsey looks to revive growth

October 13, 2015 creative 100-employees, biggest, feel-strongly, floor, our-workforce, picture-shows, rose-as-much, twitter, while-remaining, workforce

The layoffs, primarily in the company's engineering and product functions, come a week after Dorsey took over as permanent CEO. Shares of Twitter, which had about 4,100 employees globally as of June 30, rose as much as 6.7 percent to $30.68 on Tuesday. “We feel strongly that engineering will move much faster with a smaller and nimbler team, while remaining the biggest percentage of our workforce,” Dorsey said in a letter to employees

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UAE’s Etihad Airways signs $700 million IT deal with IBM

October 13, 2015 creative benefits, biggest, companies, dispute-over, etihad-airways, middle, middle-east, walk-past

Abu Dhabi's Etihad Airways has signed a 10-year $700 million deal with IBM for a range of information technology services and infrastructure, the companies said on Tuesday. The state-owned airline with equity stakes in Alitalia [CAITLA.UL] and Air Berlin among others chose IBM to move its IT infrastructure to cloud-based platforms to serve its clients better, a statement said.

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Baidu’s iQIYI video unit to stream Lions Gate films

October 9, 2015 creative editing, financial, games, hoover, kirti-pandey, lions-gate, paris, people-gathered, Technology, the-licensing, video-streaming

(Reuters) – Film and TV studio owner Lions Gate Entertainment Corp said on Friday that Chinese video streaming company iQIYI, a unit of internet search company Baidu Inc, would stream some of its films.

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Booking.com targets China, U.S. growth: CEO

October 9, 2015 creative booking-com, bookings-going, china, darren-huston, dotcom-wipeout, europe, grow-double, industry, online-hotel, online-travel, over-the-past, priceline, priceline-group, through-its

By Toby Sterling AMSTERDAM (Reuters) – After its rapid ride to dominance in online travel in Europe over the past decade, Booking.com is seeking to expand in China and the U.S., its CEO said in an interview. Darren Huston, who heads both Booking.com and its U.S. parent company Priceline Group, said Booking.com is targeting a 20 percent increase in bookings going through its website in the third quarter and still has years of growth ahead.

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Amazon launches platform to build apps for ‘Internet of Things’

October 8, 2015 creative amazon, amazon-com, battery-life, cloud, help-customers, photo, requesting-ways, sands-expo, social-media, social-network, tragic-news, warsaw

(Reuters) – Amazon.com Inc's cloud business, Amazon Web Services, has launched a service to help customers build applications to connect devices through the cloud, the so-called “Internet of Things”. The service, called “AWS IoT”, will allow factory floors, vehicles, health care systems, household appliances among other “things” to connect through cloud services, the company said on Thursday