Oracle Corp. (NASDAQ:ORCL) has sued Google Inc. (NASDAQ:GOOG) for patent and copyright infringement Friday. Oracle spokesman Karen Tillman commented, “In developing Android, Google knowingly, directly and repeatedly infringed Oracle’s Java-related intellectual property, This lawsuit seeks appropriate remedies for their infringement.” SmarTrend is bullish on shares of Google andour subscribers were alerted to buy on July 12, 2010 at 5.26. The stock has risen 3.5% since the alert was issued. Google is currently above its 50-day moving average (MA) of 2.05 and should find resistance at its 200-day MA of 7.41. In the last five trading sessions, the 50-day MA has climbed 0.27% while the 200-day MA has slid 0.25%. Shares of the global technology company closed Friday’s trading session at 2.01.
www.ntv.co.ke Meanwhile, Kenyans living in the United Kingdom have formed an association that will act as their means of channeling new investments back home. The launch of the Kenya Overseas Business Alliance has resulted from concerns that have been raised over the poor utilisation of funds remitted from abroad by Kenyans in the Diaspora .NTV’s man in the UK, Albert Gachiri was at the launch of this association.
Watch Entire Show: www.youtube.com More Shows: www.youtube.com Episode 7 of James Burke’s most well-known series “Connections” which explores the surprising and unexpected ways that our modern technological world came into existence. Each episode investigates the background of usually one particular modern invention and how it came into being. These explorations are an attempt to locate the “connections” between various historical figures who seemingly had nothing to do with each other in their own times, however once connected, these same figures combined to produce some of the most profound impacts on our modern day world; in a “1+1=3″ type of way. It is this type of investigation that is the core idea behind the Knowledge Web project, whereby sophisticated software is being developed to attempt to discover these subtle interconnections automatically. See k-web.org. See channel page for purchase options.
According to Bloomberg, Bank of America Corp. (BAC) plans to acquire more direct stakes in companies in an effort to boost profits as it faces new rules in the United States over where it can invest. The report goes on to say, the bank is going to pass up on private equity firms in its investment plans. Already, the bank has sold about billion of private equity fund investments this year. Bank of America shares are up 1.4%, or {video_description}.19, to .25.
Singer Fantasia Barrino’s family frantically thrust her into a shower to revive her after she attempted suicide by swallowing pills. In a panicked 911 call, the singer’s manager told the operator that they plunged the “”American Idol”" star into running water to wake her up after she swallowed a bottle of aspirin in her North Carolina home. The operator urged Dickens to tell Barrino’s family to take the 26-year-old singer out of the shower until help arrived. Paramedics later found Barrino slumped in a closet, reported local television station, WBTV. Barrino’s father, Joseph, said Wednesday that his daughter was “”doing fine,”" and was set to be released from the hospital soon. The stunning suicide attempt Monday came in the wake of reports that Barrino had an affair with a married man and broke up his marriage. Sordid details of the affair — including allegations that the pair had filmed several sex tapes — emerged when Paula Cook filed for child custody last week. Barrino won “”American Idol”" in 2004. Her first single, “”I Believe”" when to number and she has been nominated for seven Grammy awards.
Former Alaska senator Ted Stevens died in a plane crash Monday afternoon. Stevens with his friends, including the former head of NASA Sean O’Keefe, were on their way to a fishing camp when the plane hit the side of a mountain outside Dillingham, Alaska, about 325 miles southwest of Anchorage. The crash killed 86-year-old Stevens along with four others, and left its four survivors stranded overnight until they were rescued Tuesday morning. Alaska State Troopers said the survivors including O’Keefe and his teenaged son are now at Providence Hospital in Anchorage with “varying degrees of injuries.” The National Transporation Safety Board is investigating the crash to determine the cause, but weather has been named a possibility. Known affectionately as Uncle Ted by many in his state, Stevens was a decorated World War II veteran and the longest serving GOP senator in US history. He is survived by his wife Catherine and his six children.
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Shares of BlackBerry maker Research in Motion (NASDAQ:RIMM) are trading 3% higher after Bloomberg reported that the company is in the process of launching a table-style computer this Fall. Dubbed the “Blackpad”, this new tablet is RIM’s attempt at taking on the widely-successful iPad from Apple (NASDAQ:AAPL). Research in Motion has fallen somewhat behind in the latest round of the smartphone war as it struggles to compete with the fast growing Android-based phones and Apple’s iPhone. However, RIM is expected to launch an updated version of its mobile operating system at an event in New York next week, which is expected to enhance certain consumer-oriented features such as media playback and web browsing. The new Blackpad device is reported to be similar to the iPad in size, include WiFi and Bluetooth, and allow tethering to BlackBerries. Also, it supposedly has a front-facing video camera – a feature many iPad owners wish were included in their device. There has been no official statement from the company at this point so how much truth there is to the story remains to be seen. Nevertheless, the technology world will be closely watching to see if the iPad will start to get some serious competition.
An Airblue Airbus 321 plane crashed in the dense, forest-laden Margalla Hills near Islamabad, Pakistan Wednesday, taking the lives of the 152 passengers and crew on board, marking the tragedy as the worst air crash in the country’s history. Heavy rains were reportedly a factor in the crash, along with the heavy clouds set on top of the hills where the crash occurred. The plane was en route from Karachi and a control tower reportedly kept the Airbus from landing; investigators are working on piecing together what exactly happened. Some officials told the press that the plane’s nine-and-a-half mile distance from the airport seemed unusual. Air Vice-Marshall Riazul Haq, deputy chief of the Civil Aviation Authority, told the Guardian that the plane “…should not have gone so far.” News of the crash was slow to travel and Imtiaz Elahi, chairman of the Capital Development Authority, told the Guardian, “It is a great tragedy, and I confirm with pain that there are no survivors.” Information Minister Qamar Zaman Kaira told press today that 115 bodies have been removed from the crash site, and that only 12 of those bodies have been correctly identified so far.
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