Technology Sector

Apple may acquire Beats for $3.2 billion

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.

Google & three other tech giants agree to pay $324M to settle conspiracy lawsuit

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.

Facebook Q1 revenue grows 72% on rising mobile ads

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.

Transport for London testing smartphone payment system

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.

LinkedIn now has more than 300 million members

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

PayPal not worried about Facebook’s potential entry into financial-services field

PayPal, the eBay-owned dominant player in the online financial-services arena, has claimed that it is not worried about the possibility of social-networking giant Facebook's entry into the field.

A recent report suggested that Facebook was apparently intending to enter the field of financial-services to provide remittances and electronic money through the internet.