jason chen gizmodo
April 26, 2010 by Trend PK
Filed under World News
Police seize Gizmodo Editor Jason Chen’s computers over 4th Gen iPhone story.
Last Friday night, California’s Rapid Enforcement Allied Computer Team entered Gizmodo editor Jason Chen’s home while he was absent, and seized four PCs and two servers. While the authorities had a search warrant, Gawker Media believes the police violated the California Shield Law for journalists, that’s not really clear.
At issue, of course, is the big scoop of last week, the next-generation iPhone prototype found in a Redwood City bar which eventually ended up in the hands of Gizmodo (via $5,000). While the device was returned to Apple, there was some discussion around the legality of the matter.
Interestingly, the raid on Chen’s house was performed on Friday night. It was during the weekend that reports surfaced indicating that the D.A. was looking into charges in the matter
financial reform bill
April 26, 2010 by Trend PK
Filed under World News
The most sweeping overhaul of U.S. banking rules since the Great Depression stumbled in the Senate on Monday as Republicans united to prevent action on the bill.
The vote gives Republicans leverage to extract more concessions from Democrats on a measure that could ban banks from several lucrative types of trading and subject them to greater oversight.
Needing 60 votes in the 100-seat Senate to begin debate on the bill, Democrats fell three votes short.
The setback is not likely to be permanent. Lawmakers in both parties said they are close to agreement and the Senate could take up the bill later this week.
As Wall Street reels from a fraud case against Goldman Sachs Group Inc, lawmakers from both parties are eager to crack down on the financial industry before the November congressional elections. The vote came a day before Goldman executives were due to appear before a Senate panel.
“All of us want to deliver a reform that will tighten the screws on Wall Street. But we’re not going to be rushed on another massive bill,” Senate Republican Leader Mitch McConnell said ahead of the vote.
Dell Accuse Sharp, Hitachi, Toshiba Over LCD Price Fixing
March 17, 2010 by Trend PK
Filed under Technology
Dell has accused five Asian firms that make liquid crystal display panels of illegally colluding on prices.
The world’s third largest PC maker filed a complaint against Hitachi, Sharp, Toshiba, HannStar, and Seiko in U.S. District Court in San Francisco on Friday, according to a Reuters report. Damages sought by Dell have not yet been determined.
Dell is only the latest major buyer of LCD panels to allege price-fixing by several of the industry’s largest suppliers. In October, AT&T, which purchases LCD panels for its cell phones, accused LG, Samsung, and AU Optronics of price fixing, and in December Nokia filed suit claiming the same thing.
For Sharp and Hitachi, this is also familiar territory. Early last year, Hitachi Displays, LG, Sharp, and Chunghwa Picture Tubes plead guilty and paid $585 million for their roles in an LCD price-fixing scheme related to displays sold to Dell, Apple, Motorola, and others. Executives from Chunghwa, Hitachi, and LG executives were sentenced to jail and fined.
