Monthly Archives: June 2011
GPS Company Garmin Acquires Navigon
GPS device company Garmin Ltd. (NASDAQ:GRMN) has acquired European competitor Navigon AG. The financial details of this transaction was undisclosed, but it is rumored to be worth around $72 million. Navigon will now become a subsidiary of Garmin. Germany based GPS company Navigon produces navigation software and manufactures GPS devices. Navigon also has GPS applications for Android and the iPhone. [TechCrunch]
Categories Garmin, Navigon
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Google Announces Voice Search On Desktop, Search by Image On Desktop, and Instant Pages [VIDEO]
At the Google Inc. (NASDAQ:GOOG) Inside Search press event in San Francisco, California, the company announced several new features. Now on mobile devices, you can search for results using images. Google now allows you to search for results using the microphone built into your computer. Google added an Instant Pages feature to Chrome.
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Categories Google
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Why Does Google Earth Not Show Israel
Google Earth was launched in 2005. Every year Google updates the images in Google Earth in certain portions of the world. Google updated Google Earth to include what Haiti looked like after the major earthquake. They also updated Google Earth with imagery from Japan to show what happened after the tsunami. However Google Earth never shows you imagery from the country of Israel for legal reasons.
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Categories Google, Google Earth
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JCPenney Poaches Ron Johnson From Apple As New CEO
J.C. Penney Company, Inc. (NYSE:JCP) is believed to be poaching Ron Johnson from Apple Inc. (NASDAQ:AAPL) to be their new CEO. Johnson worked on Apple’s retail stores. Johnson would succeed current CEO Myron “Mike” Ullman at J.C. Penney.
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Categories Apple Inc., J.C. Penney, Ron Johnson
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Groupon Vice Chairman Ted Leonsis May Have Conflict Of Interest
Ted Leonsis is a former AOL executive that owns the NBA Washington Wizards. Leonsis is currently a Vice Chairman at Groupon Inc., but he is also an investor in competitor LivingSocial. Leonsis also has ties to LivingSocial’s board of directors. This could be a major conflict of interest.
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Categories Groupon, Groupon.com, LivingSocial, Ted Leonsis
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Nokia and Apple Enter Patent License Agreement
Nokia Corporation (NYSE:NOK) and Apple Inc. (NASDAQ:AAPL) have announced a patent license agreement together. The agreement will end all patent litigation between both companies. This includes complaints being withdrawn from the U.S. International Trade Commission.
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Categories Apple Inc., Nokia Corporation, Stephen Elop
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Canvas Raises $3 Million In Series A Funding
Canvas is a company that was founded by 4chan founder Christopher Poole (known as moot). Canvas has raised $3 million in Series A funding. Some of the previous angel investors that participated in this round include SV Angel, Lerer Ventures, Andreessen Horowitz, Founder Collective, and Joshua Schachter. Canvas’ previous round of funding was $625,000. Canvas allows users to easily edit images through the browser. Canvas added oEmbed support for several websites recently. Canvas currently has five employees including Poole. [TechCrunch]
Apple iPhone 5 Reaches Final Testing Stage [RUMOR]
Over this past WWDC, Apple Inc. (NASDAQ:AAPL) specifically discussed only software. They announced iCloud, iOS 5, and the new Mac operating system. It is believed that the iPhone 5 will be released in September. Sources with 9to5Mac have revealed that the iPhone 5 is now in the final testing stage. Employees at Apple are actually carrying around the devices with them for testing purposes as of right now. [9to5Mac]
Categories Apple Inc., Apple iPhone 5
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Hacker Group Anonymous Attacks Spanish Police Website
The hacker group Anonymous has attacked the website of the police force in Spain. The hack attack took place out of retaliation to the police arresting three Spanish individuals believed to be “core” members of the hacker group.
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Categories Anonymous
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IMF Gets Hit With Major Cyberattack Security Breach
The International Monetary Fund (IMF) was recently hit with a major cyberattack. The IMF is responsible for preventing financial problems across the world. The IMF also has tons of confidential information about the fiscal conditions of countries.
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Categories International Monetary Fund
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