In the city of Menlo Park, California, Mary Ferguson works as a police officer. What makes her situation unique from other police officers is that she receives a salary from Facebook. Facebook pays her an annual salary of $194,000, according to The Wall Street Journal. Tech companies sometimes paid police officers in the 90s, but the practice is fairly uncommon.
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Apple Inc. (NASDAQ:AAPL) CEO Tim Cook is doing something that Steve Jobs likely never would have done. When Steve Jobs, the late co-founder and CEO of Apple, decided Cook should be his successor, he told him not to think of what Jobs would do and to do what is right.
Hulu has made a huge deal with the creators of South Park. Hulu is paying around $80 million to put 240 episodes of the show behind a paywall, according to The New York Times. Recently aired episodes of the show will be available for free on Hulu and SouthPark.com. To gain access to the show, users have to sign up for Hulu Plus. Hulu Plus has around 6 million paying subscribers.
A court has approved the rights for Apple Inc. (NASDAQ:AAPL) to trademark its retail store layouts throughout the European Union on Thursday. The EU Court of Justice approved Apple’s retail store layout trademark request, according to The Wall Street Journal. The decision was made after the store designs fulfilled key trademark criteria: they constitute a design and can be represented graphically. They also distinguish services and goods sold by Apple from other companies.
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LG Display is working on some ambitious projects! LG is creating an 18-inch OLED panel, which can be rolled into a tube that is 3 centimeters across. The prototype has a resolution of 1200×810 and it has a new polyamide film on the back of the panel which gives the panel even more flexibility.
Tesla Motors Inc (NASDAQ:TSLA) has found a way to help out U.S. military veterans that are facing a hard time finding jobs after returning from deployment. Tesla Motors now has over 6,000 employees and 300 of them are veterans. There are now another 600 veterans planned “in the hiring pipeline.” Veterans are known for being great at building cars because many of them have acquired technical skills during their service and are used to working on teams.
Microsoft announced last week that is has acquired InMage, which is a business continuity service that helps companies migrate data between private and public clouds and replicate on-premise assets in the cloud. The terms of the deal were undisclosed. Microsoft acquired InMage to enhance Azure and make it more enticing for enterprise customers. Microsoft said that the acquisition will help it provide cloud business continuity solutions for any customer IT environment.
Dan Gilbert, one of the must successful businessmen in Detroit, has led a $40 million investment in RapGenius. Gilbert is best known for being the founder of Quicken Loans, co-founder of Detroit Venture Partners, and owner of the Cleveland Cavaliers — which just brought LeBron James back to the team. Gilbert is best known RapGenius is known for decoding and annotating rap lyrics. RapGenius faced quite a bit of controversy for getting banned from Google by asking bloggers to link to them in exchange for a tweet about their website. RapGenius co-founder Mahbod Moghadam was recently fired for annotations he made about Elliot Rodger.