United States

Time Warner CEO Marcus’ huge pay package retriggers debate over income inequality

The gigantic severance payment for Time Warner Chief Executive Officer Robert Marcus has retriggered debate over widening income inequality in the United States.

Less than two months after becoming the CEO of Time Warner, Marcus agreed to sell the company to Comcast for $45 billion. The company's board approved a severance payment of nearly $80 million for Marcus' that minimal amount of work.

As Marcus has spent just around two months at Time Warner as CEO, his huge severance payment translates into a daily payment of more than $1 million.

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Amazon to launch its own media streaming stick: report

Amazon is preparing to introduce its competitor to Google's recently launched media streaming stick Chromecast, the Wall Street Journal (WSJ) reported.

The reported Amazon product features a dongle-like design; rather than a box-like design like that of Apple TV. Much like its Kindle Fire devices, the Amazon dongle will also run Google's widely popular operating system Android.

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Mozilla’s Firefox team grumbles about Windows 8.1 ‘default browser’ complexity

Mozilla's recent decision to stop the development of its Firefox browser for Windows 8.1 was partly because of a complexity linked with the operating system, a Mozilla engineer hinted in a blog post.

Explaining the reason behind Mozilla's decision, Firefox engineer Brian R. Bondy wrote in the blog post that there was a lack of Windows 8.1 testers of its emerging Firefox browser, adding that it did not bode ill with reference to the success of Microsoft's 'modern' or 'Metro') side of Windows 8.1 OS.

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Pandora hikes price of ad-free service by $1

New PandoraOne subscribers will have to pay more to enjoy the ad-free music service starting May this year, Pandora Media Inc declared on Tuesday.

Pandora on Tuesday announced that it would charge $4.99 per month from new users of its ad-free PandoraOne service, up $1 a month from existing fee. Existing subscribers will continue to pay $3.99 a month for the service.

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Even new products like iWatch won’t bring Apple back to its glory days: Yukari Kane

Renowned author Yukari Kane is skeptical about Apple Inc's return to its glory days even with the launch of new products like iWatch and smart TV.

Kane is the author of "Haunted Empire: Apple After Steve Jobs" that sheds light on the differences between current Apple CEO Tim Cook and late Apple co-founder and CEO Steve Jobs.

Speaking about the possibility of a smart TV by Apple in a recent interview, she said, "I'm really skeptical about its chances for success." On the much-rumored iWatch, she said, "I mean, would you want one?"

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