BizTechNews

HP wins $3B in damages from Oracle in Itanium suit

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SAN FRANCISCO — A California jury on Thursday ordered Oracle to pay the former Hewlett Packard $3 billion in damages over HP’s claim that Oracle reneged on a deal to support HP computer servers running on Itanium chips from Intel. Oracle said it will appeal. “Two trials have now demonstrated clearly that the Itanium chip was nearing end of life, HP knew it, ...

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Marissa Mayer says she’s ‘heartened’ by interest in Yahoo

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Yahoo’s closed-door discussions about its potential sale of the company surely represent compelling drama, but its shareholder meeting Thursday? Not so much. After attendees voted on the election of board members including current CEO Marissa Mayer and new members such as Starboard Value CEO Jeff Smith, as well as two other provisions, Mayer did offer a short synopsis of the company’s situation. “I ...

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Apple Music’s next beat: Buying rival Tidal?

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SAN FRANCISCO — Could Apple be pursuing a new tune in its music strategy? The company is in initial talks to acquire rap mogulJay Z’s Tidal streaming-music service, according to a published report late Thursday. The Wall Street Journal, citing people familiar with the matter, characterized the discussions as preliminary. Apple declined comment. Tidal did not immediately respond to an email message seeking comment. ...

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How retirement planning for childless couples is different

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The number of Americans without kids has been increasing steadily for decades, with the percentage of women ages 15 to 44 who are childless nearing 50% as of the last Census report. At first glance, childlessness may seem to be the trend that bodes the best for financial stability, especially for couples — a family structure known as “DINKs” for double income, ...

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Senate passes Puerto Rico financial rescue bill

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Legislation to place debt-swamped Puerto Rico on a path to fiscal sustainability sailed through the U.S. Senate with solid bipartisan support Wednesday. President Obama is expected to sign the bill into law before Friday, when Puerto Rico was expected to default on $2 billion in debt payments. The legislation — called the Puerto Rico Oversight, Management and Economic Stability Act, or ...

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3 banks tagged in latest Fed ‘stress test’

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On Wednesday, the Federal Reserve challenged three banks’ capital plans in round two of its annual stress test. Thirty other banks tested got the green light giving investors and consumers greater faith in the strength of the financial system and set off a round of dividend and stock buyback announcements. All 33 banks passed the first round of tests announced last week, ...

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Parents Outraged After Elementary Student’s ‘Racist’ Comment About Brownies Prompts Police Response

Pile of Delicious Chocolate Brownies

Police were called to the William P. Tatem Elementary School in Collingswood, N.J., after another student told a third-grader that a comment made about brownies was “racist.” The parents of a New Jersey third-grader are outraged after the police were called on their child for a comment that they said was made about brownies, Philly.com reports. The incident unfolded June ...

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Gymnast Simone Biles makes history, wins 4th consecutive national championship

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ST. LOUIS (AP) — The national titles are starting to run together for Simone Biles, a three-year blur of near flawlessly executed routines and carry-on cases full of medals. If Biles is being honest, the fourth straight all-around championship she cruised to on Sunday night wasn’t so much a competition as an exhibition and one more thing for Biles to ...

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Buccini/Pollin may be buying Hotel du Pont

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WILMINGTON, Del. — The Buccini/Pollin Group has bought or intends to buy the Hotel du Pont and the adjacent office building that houses Chemours,state records show. On Monday, the state approved $1 million to an investor group dubbed 1007 Market LLC, named for the hotel’s downtown Wilmington address. The LLC, which was formed May 13, lists Robert Buccini as its agent and is ...

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Clinton tech plan reads like Silicon Valley wish list

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SAN FRANCISCO — If there was any lingering doubt as to tech’s favored presidential candidate,Hillary Clinton put an end to that Tuesday. The presumptive Democratic nominee released a comprehensive tech plan that reads like a Silicon Valley wish list. It calls for connecting every U.S. household to high-speed Internet by 2020, reducing regulatory barriers and supporting Net neutrality rules, which ban Internet providers from blocking or ...

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