Nintendo shares fall as Nintendo Switch pricing disappoints investors

  The stock price of Nintendo Co., Ltd (TYO: 7974) plummeted 5.75% to ¥23,750 in Japan on Friday after the company announced the launching of Nintendo Switch worldwide on March 3. The Japanese game console and software developer is selling the Nintendo Switch for $299.99 in the United States, £278.99 in the United Kingdom, and  ¥29,980 in Japan, higher than the price expected (between $250 and $280) by analysts and investors. Take note that the current retail price of the PlayStation 4 by Sony Corp (ADR) (NYSE: SNE) is $260…

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Nokia accuses Apple of infringing its 32 technology patents

Nokia Corporation (ADR) (NYSE: NOK) filed several lawsuits against Apple Inc (NASDAQ: AAPL) on allegations that the Cupertino-based iPhone maker infringed its 32 technology patents. The Finnish company its patent infringement complaints against Apple in the in the Regional Courts in Dusseldorf, Mannheim and Munich in Germany and the US District Court for the Eastern District of Texas on Wednesday. It is also in the process of filing further cases against Apple in other jurisdiction. Nokia is a provider of network infrastructure and related services globally. It is also focused…

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Half Billion Yahoo Users’ Accounts Hacked


Yahoo confirmed that at least half billion of its users’ accounts were hacked by a state-sponsored hacker, who perpetrated a cyber attack on its network in late 2014. According to the company the hacker stole a copy of certain user information that may have included users’ names, birthdates, e-mail addresses, and hashed passwords. The hacker may also have taken encrypted or unencrypted security questions and answers in some cases. Yahoo’s ongoing investigation indicated that the hacker failed to access unprotected passwords, bank account information or payment data during the data…

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Herbalife Agrees to Pay $200 Million to Settle FTC Charges


Herbalife (NYSE: HLF) agreed to pay $200 million and to restructure its business operations in the United States to settle the charges filed by the Federal Trade Commission (FTC). The multilevel marketing company also settled a separate complaint by the Illinois Attorney General for $3 million. Herbalife said it is not aware of any active investigations by other state attorney general. In a statement, Herbalife Chairman and CEO Michael Johnson said, “The settlements are an acknowledgment that our business model is sound and underscore our confidence in our ability to…

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Pokémon Go is America’s Latest Mobile Game Obsession

Pokémon Go

Pokémon Go, the augmented-reality mobile game developed by Niantic Labs and The Pokémon Company is the latest obsession in America. Users can download the mobile game for free on their Android and iOS devices. Technology observers noted a very high interest among users to try to play Pokémon Go, which became available in the United on Wednesday, July 6.  In fact, just two days after its release the mobile game became the number one free app on Apple (NASDAQ: AAPL)’s App Store. Since its availability in the United States, Pokémon Go…

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Hillary Clinton Will Not Face Criminal Charges over E-mails

FBI Director James Comey on Clinton E-mails

Hillary Clinton will not face criminal charges for using a private e-mail server during her term as Secretary of State, according to James Comey, the Director of the Federal Bureau of Investigation (FBI) on Tuesday. In a press conference, Director Comey announced the FBI’s recommendation and provided more details about the agency’s process in its investigation on Mrs. Clinton’s private e-mail server. The agency believes the American people deserve those details given the fact that the issue is under intense public scrutiny. He also pointed out that he did not…

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Hillary Clinton Leads Donald Trump by Double-Digit in Latest Polls

Hillary Clinton is again enjoying a double-digit lead against Donald Trump this week based on the latest Reuters/Ipsos survey and the Washington Post/ABC News poll. Based on the Reuters/Ipsos survey, 46.6% of likely American voters supported Clinton while 33.3% supported Trump. The percentage of respondents who said they would support neither of the candidates was 20.1%. The result of the survey showed that Clinton was ahead by 13.3 points. The survey was conducted from June 20-24. Trump cut Clinton’s lead to nine points after the Orlando mass shooting on June…

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SolarCity (SCTY) Shares Soar on Acquisition Offer from Tesla Motors (TSLA)


The stock price of SolarCity (NASDAQ:SCTY) soared nearly 15% to $24.31 per share during the extended trading hours on Tuesday. The significant increase was driven by the proposal of Tesla Motors (NASDAQ:TSLA) to acquire the solar energy company. Tesla’s offer to SolarCity Tesla offered to acquire all of the outstanding shares of common stock of SolarCity in exchange for its common stock, subject to completing due diligence. The electric car manufacturer proposed an exchange ratio of 0.122 times to 0.131 times shares of Tesla common stock for each share of…

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Twitter Buys Magic Pony to Boost the Strength of its Deep Learning Team


Twitter (NYSE:TWTR) acquired Magic Pony Technology, a machine learning start-up co-founded by Rob Bishop and Zehan Wang.  The microblogging company did not disclose the terms of the transaction. Magic Pony Technology is focused on developing solutions for visual processing that are based on machine learning. Bishop explained during the MIT Technology Review in April that “online video-streaming rely heavily on video compression” and the company’s first product demonstrated that an image quality can be improved substantially through deep learning. In a statement, Twitter co-founder and CEO Jack Dorsey confirmed the…

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