Technology Sector

Cupertino, Calif.-based tech giant Apple Inc. is reportedly pursuing talks to acquire headphone maker & music-streaming service provider Beats Electronics for around $3.2 billion (£1.9 billion).

Emerging reports say that the acquisition, which could be announced as soon as next week, will be the Cupertino firm's biggest ever acquisition deal, if completed.

Four tech giants, including Google and Apple, have agreed to pay more than $300 million to settle a class-action lawsuit accusing them of conspiring to restrain salaries.

A class-action lawsuit had alleged that Google, Apple, Adobe and Intel had been conspiring to prevent their engineers and other technology workers from getting better job opportunities from one another.

Social-networking giant Facebook on Wednesday announced better-than-expected rise in its overall first-quarter revenue, thanks to an impressive growth in its mobile advertising business.

London tube users may soon be able to purchase tickets or make payments for journeys through their NFC-enabled mobile devices as the transporter is testing a new payment system for the same.

Transport for London is in talks with two network providers, viz. EE and Vodafone, to allow commuters to pay for their tube fares using their smartphones.

World's largest professional site,LinkedIn has said that it has now more than 300 million members across the world.