Judge Koh rejects $324 million settlement over no-hire conspiracy

Judge Koh
Judge Lucy Koh has rejected a proposal settlement by Apple, Google, and several other tech companies that allegedly agreed not to poach each others’ employees. According to court documents, Judge Koh said that the $324 million settlement was not high enough to compensate for lost wages that employees may have suffered. The settlement was proposed in April.

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Rakuten acquires e-commerce company Slice

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Rakuten is the largest online retailer in Japan, which recently announced the acquisition of an e-commerce app called Slice. The acquisition will give Rakuten access to technology that can analyze the spending patterns and delivery choices of many users.

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Smart toothbrush company Beam has raised $5 million in funding

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Beam Technologies has raised $5 million in funding. Beam connects a toothbrush with a smartphone. The Beam toothbrush measures how long and how often that you brush. The data is sent to an iPhone or Android device through Bluetooth. Drive Capital, a Columbus, Ohio venture capital company, provided the funding.

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Will Arnett has confirmed “Arrested Development” season 5 is going to happen

Arrested Development
The Bluth family is coming back! Netflix’s Chief Content Officer Ted Sarandos said that a fifth season of Arrested Development is going to happen, but it is a “matter of when.”

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Zillow Inc (Z) launches a new preapproval feature on mobile app

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Zillow Inc (NASDAQ:Z) has launched a new preapproval feature for its mobile app. Zillow currently has over 83 million unique users across its website and apps. Around two thirds of these users visit Zillow through a mobile device. Over the weekends, 70% of Zillow’s traffic is on mobile devices.

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Gemalto is acquiring SafeNet for $890 million

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Gemalto is a digital security company that said it will be closing on an $890 million deal to buyout SafeNet later this year. Around 400 million digital data records have been stolen or lost so far in 2014.

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Tesla Motors Inc (TSLA) settles trademark issue with Zhan Baosheng

Tesla Motors Logo
Tesla Motors Inc (NASDAQ:TSLA) has been dealing with a trademark dispute in China for a few years now. The issue has now been settled. Zhan Baosheng registered the “Tesla” trademark several years before Tesla Motors entered the country.

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Google Inc (GOOG) buys video editing app company Directr

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Google Inc (NASDAQ:GOOG) has acquired Directr, an app that is used by small businesses to create marketing videos. The terms of the deal were undisclosed. Directr will continue to run under its own brand. The team behind the product will be joining YouTube though.

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