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Facebook, Yahoo in settlement talks over patent infringement lawsuit
Jun 21, 12:19 pm
Washington, June 21 (ANI): Yahoo is reportedly in settlement talks with Facebook over the controversial patent-infringement lawsuit filed by the embattled Internet firm against the social networking giant.According to a report by Bloomberg, Yahoo's lawyers have asked a U.S District judge for a two-week extension on deadlines to file replies in the lawsuit while the companies talk about a settlement. The lawyers also asked for a two-week delay in a motion hearing now set for August 10.According to CNET, representatives for both Yahoo and Facebook have declined to comment on the matter.The dispute between the two firms began in March when Yahoo filed a patent
infringement lawsuit against Facebook.The lawsuit accused Facebook of misappropriating various Internet technologies like placing ads on Web pages and customizing views for social users. Facebook later filed a counter lawsuit, calming that Yahoo struggling infringes on ten of the social network's patent
s. (ANI)
Yahoo 'to buy Tumblr in $1.1bn deal'
May 20, 7:04 pm
London, May 20 (ANI): Yahoo Inc. has approved a deal to buy New York-based blogging service Tumblr for 1.1 billion dollars. The acquisition is expected to be announced as early as Monday.
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CII says S and P retains 'negative' outlook on India
May 18, 11:57 am
New Delhi, May 18 (ANI): The negative outlook affirmation by S and P for India's BBB- status is unfortunate, Chandrajit Banerjee, Director General of the Confederation of Indian Industry (CII), has said.
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Dow, S and P set record highs, log 4-week winning streak
May 18, 10:36 am
Beijing, May 18 (Xinhua-ANI): U.S. stocks bounced back on Friday to end the week for a fourth straight gain, with the Dow Jones Industrial Average and S and P 500 closing at all-time highs.
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Government claims economy on right track, reforms to continue
May 18, 9:24 am
New Delhi, May 18 (ANI): The government has said that the nation's economy is on right track and that reforms will continue.
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