Facebook investors warned of 'unfavorable outcome' in Yahoo patent lawsuitMar 28, 5:23 pm
Washington, Mar 28 (ANI): Social networking giant Facebook has warned investors of an "unfavorable outcome" in connection with a patent lawsuit brought against the firm by Yahoo.The embattled Internet firm sued Facebook in a US federal court two weeks ago, alleging that the website was infringing on its patents related to advertising, social networking, privacy, customization and messaging.Facebook noted the risk in a filing Tuesday with the US Securities and Exchange Commission, The Los Angeles Times reports." Yahoo is seeking unspecified damages, a damage multiplier for alleged willful infringement, and an injunction. We have not yet filed an answer or asserted any counterclaims with respect to this complaint. We intend to vigorously defend this lawsuit ," Facebook said in the filing. "This litigation is still in its early stages and the final outcome, including our liability, if any, with respect to these claims, is uncertain. If an unfavorable outcome were to occur in this litigation, the impact could be material to our business, financial condition, or results of operations," it added.Meanwhile, Facebook recently bought 750 software and networking technology patents from IBM in a bid to defend itself as it prepares for an initial public stock offering that could give the company a value of 100 billion dollars or more. According to the report, in an SEC filing, Facebook said it had applied for 503 patents in the US and had been issued 56. (ANI)
Japan's Kyosan join hands with TSTS to cater to Indian market May 27, 10:46 pm
Bengaluru, May 27 (ANI): With an aim of expanding its business in India and neighbouring countries, Kyosan Electric Manufacturing Company Ltd, Japan, last year acquired 36 percent shares in TVM Signalling and Transportation Systems Pvt. Ltd. (TSTS) based in Karnataka's Bengaluru city.Full Story »
Brands and Bloggers Meet, first of its kind event in Delhi May 27, 4:39 pm
New Delhi, May 27 (ANI-Businesswire India): Team Lamhe, in association with Neuz Saloon, hosted the Brands and Bloggers Meet on Thursday (May 26) at Ardor Lounge, Connaught place. The best of both worlds - Fashion and Lifestyle - graced the event, with 17 brands showcased in the presence of Delhi's top 30 fashion and lifestyle bloggers!Full Story »
FSSAI advised to come up with standards for fortification of food grains: Consumer Affairs, Food and Public Distribution Ministry May 27, 4:19 pm
New Delhi, May 27 (ANI): The Ministry of Consumer Affairs, Food and Public Distribution together with Union Ministry of Health and various other ministries have assigned the mandate to Food Safety and Standards Authority of India (FSSAI) to come up with standards for fortification of food grains such as wheat flour, rice which will add to the nutrient value of food intake, a top government official said at an ASSOCHAM event in New Delhi.Full Story »
Sensex, Nifty ends posting super gains; SBI up 9 pct May 27, 4:19 pm
New Delhi, May 27 (ANI): The market on Friday ended with super gains boosted by index heavyweights as the Sensex closed up 286.92 points or one percent at 26653.60, and the Nifty was up 79.90 points or 0.9 percent at 8149.55.Full Story »
- CBDT implements GAAR Provisions-Issuance of comments of stakeholders
- IIBM India disrupts distance MBA Industry with 'Online Masters Program'
- Tissot presents trendy sports watch 'Quickster'
- Haribhai Parthibhai Chaudhary launched 'Smart Policing and Public Safety Exhibition 2016'
- Vedanta launches 'Global Internship Program' for MBA students
- Intel India announces new initiatives supporting 'Digital India'
- Carzonrent to focus on technology evolution with launch 'COR Ride App'
- No need to panic about presence of chemicals in bread: AIIMS Director
- Emirates to offer redesigned Iftar boxes to customers for Ramadan
- ClearTax to make debut investment in India with Founders Fund Angel
TOP VIDEO STORIES