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Video: GET deal on the table

07/22/14 Union officials are optimistic they may soon make a deal to end the GET bus strike in Bakersfield. ...Read More »

Video: Microsoft CEO Sees 'bold' Plan As 4Q Tops Street

07/22/14 Microsoft Corp. CEO Satya Nadella painted an upbeat vision of the future Tuesday, saying that the next version of Windows will be unified across screens of all sizes and that two money-losing units — Nokia phones and Bing search — would become profitable in 2016. The agenda, announced Tuesday as Microsoft reported fourth-quarter earnings that beat Wall Street expectations, helped boost the company's shares, which added 52 cents, or 1.2 percent, to $45.35 in after-hours trading.

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Video: American Apparel Hopes To Decide Charney's Fate By Mid-August

07/22/14 According to a source familiar with the situation, American Apparel Inc's founder should know in the next few weeks whether he may return as an employee of the company. The saga that began on June 18 when the retailer suspended its chief executive Dov Charney is drawing to a close, as FTI Consulting has nearly wrapped up its investigation into Charney's conduct. The board ousted Charney from the company for allegedly misusing corporate funds and helping to spread nude photos of a former employee on the Internet. The source said, "The company, Standard General and Dov are all eager to get Dov's situation resolved by the middle of August, if not sooner."

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Video: Apple Post Biggest Earnings Gain In Nearly 2 Years

07/22/14 Apple's growth prospects are looking brighter as anticipation builds for the upcoming release of the next iPhone, a model that is expected to cater to consumers yearning for a bigger screen. The latest evidence of Apple's mounting momentum emerged Tuesday with the release of the company's fiscal third-quarter report. Earnings rose at the highest rate in nearly two years as Apple Inc. sold 35.2 million iPhones during the period.

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Video: Strong Wireless Subscriber Additions Boost Verizon

07/22/14 Verizon Communications, the largest U.S. wireless telecoms company, reported better-than-expected quarterly revenue and profit due to a jump in postpaid wireless subscriber additions. However, the company's net profit fell 16.8 percent as interest expenses rose. Verizon's shares fell about 1 percent to $50.08 before the bell. The company's postpaid wireless subscriber net additions surged 53 percent to 1.4 million in the second quarter ended June 30. ...Read More »

Video: John Travolta Can't Stop Former Pilot's Lawsuit Over Secrets (Exclusive)

07/22/14 Douglas Gotterba , who worked for John Travolta 's aircraft company Alto in the 1980s, will get the opportunity to argue in a lawsuit that he holds no confidentiality duties to the actor. On Tuesday, the airline pilot was given the go-ahead sign by a California appeals court. Gotterba worked for Travolta for six years. According to press interviews he's given, he claims that his relationship with Travolta was more than professional.

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Video: Apple Denies Security Researcher's Claims Of IOS 'Backdoor'

07/22/14 For the second time in less than two weeks, Apple is defending itself against claims that call into question the security of iOS. The company has denied a security researcher's claims that iOS has a backdoor that enables third parties to potentially gain access to users' personal data. The researcher, Jonathan Zdziarski, detailed the alleged security flaws in a presentation at the Hope X security conference and in a journal paper . ...Read More »

Video: Hacking Experts Build Device To Protect Cars From Cyber Attacks

07/22/14 Two security experts who a year ago exposed methods for hacking the Toyota Prius and Ford Escape say they have developed technology that would keep automobiles safe from cyber attacks. The research the two have released on the Ford and Toyota cars, as well as work by other experts on different types of vehicles, has raised concerns that somebody might one day try to replicate their work to launch a real-life attack. Yet the U.S. ...Read More »

Video: Microsoft Sold 5.8M Lumia Handsets In Its FQ4, But That’s A Partial-Quarter Sales Figure

07/22/14 Today in its fiscal fourth quarter, Microsoft reported that it sold 5.8 million Windows Phone-based Lumia handsets, a big fall from last year's numbers in which 7.4 million Lumia handsets were sold. However, Lumia sales didn’t fall 22 percent as those figures appear to indicate. Microsoft’s fiscal fourth-quarter sales figure is based on a partial-quarter sales period. The company only sold Lumia handsets starting April 25, after its deal with Nokia closed, meaning that it lost 24 days of sales in the period.

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Video: China Drove Big IPhone And IPad Sales For Apple During Q3 2014

07/22/14 Apple’s earnings are out, and there’s a narrative contained therein of the emerging importance of China. The company revealed to the FT that iPhone sales are up 55 percent year over year and Chinese iPhone sales are up 48 percent, with the iPad sales in that country rising 51 percent year over year despite falling slightly globally. ...Read More »

Video: Facebook's Zuckerberg To Testify At N.Y. Forgery Trial

07/22/14 A federal prosecutor said on Tuesday, the government will call Mark Zuckerberg to testify against an upstate New York man accused of trying to cheat the billionaire founder of Facebook Inc out of half his stake in the social media company. Zuckerberg is expected to be a key witness against Paul Ceglia, who is charged with forging a 2003 contract with Zuckerberg that purportedly entitled him to half of Facebook. Zuckerberg had previously done some programming work for Ceglia’s company, StreetFax. ...Read More »


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