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Photos of what may be Apple's next iPhone surfaced online Monday.
Posted by a Chinese technology site, the images allegedly show the iPhone 5S already going into production. Nearly identical to the iPhone 5, the handset shown in the photos has an updated vibration motor (some have complained the iPhone 5's is too noisy). Beyond that minor difference, however, it looks identical to the model currently on the market. Apple launched the iPhone 5 last September.
[More from Mashable: iMadeFace Turns You Into a Cartoon]
The Chinese site also suggested that an iPhone 6 was on the way, soon. It said the 6 will sport a larger display, increasing from 4.8 inches to 5 inches.
[More from Mashable: Apple Might Be Building a Wristwatch And Two Other Stories You Need to Know]
This past weekend, rumors surfaced that the Cupertino, Calif. company was also working on a smart watch. Made out of curved glass, the watch can potentially let users to make calls, answer texts and run apps from their wrists.
What do you want to see from Apple's next iPhone? Let us know your thoughts in the comments, below.
Click here to view the gallery: Apple Smart Watch Concepts
Images courtesy of Sjbbs Zol
This story originally published on Mashable here.
PARIS (Reuters) - EU regulators hope to resolve a two-year investigation into U.S. internet company Google in the latter half of the year, the EU's antitrust chief said on Friday, although a rival expressed skepticism about the effectiveness of any solution.
The European Commission - the EU's executive arm - has been examining proposals put forward by Google to resolve complaints from more than a dozen companies, including Microsoft, that Google was using its market dominance to block competitors.
"We can reach an agreement after the summer break. We can envisage this as a possible deadline," EU Competition Commissioner Joaquin Almunia told a Concurrences Journal conference.
The Commission is closed for its summer break for most of August.
Almunia said there would only be a decision "if everything was okay." Neither Google nor the EU antitrust authority have detailed what concessions the U.S. group has offered. If the EU authority accepts the offer, it would mean no fine for Google.
People familiar with the matter have previously told Reuters that Google offered to label its own services in search results to differentiate them from rival services, and also to impose fewer restrictions on advertisers.
The Commission is expected to seek feedback from Google rivals and other third parties once it completes its examination of the concessions.
However, British price comparison site and Google complainant Foundem had doubts about the efficacy of any proposals from the U.S. company.
"We will withhold judgment on Google's proposals until we have seen them, but everything we have learned about Google makes us sceptical that it would volunteer truly effective remedies until it has been formally charged with infringement," said Foundem Chief Executive Shivaun Raff.
The U.S. Federal Trade Commission last month ended its own investigation without any significant action, handing Google a major victory.
EU regulators have said Google may have favored its own search services over those of rivals, copied travel and restaurant reviews from competing sites without permission, and placed restrictions on advertisers and advertising.
(Editing by Dan Lalor and Mark Potter)
SEATTLE (Reuters) - Microsoft Corp said on Friday a small number of its computers, including some in its Mac software business unit, were infected with malware, but there was no evidence of customer data being affected and it is continuing its investigation.
The world's largest software company said the security intrusion was "similar" to recent ones reported by Apple Inc and Facebook Inc.
The incident, reported on one of the company's public blogs happened "recently", but Microsoft said it chose not to make any statement publicly while it gathered information about the attack.
"This type of cyberattack is no surprise to Microsoft and other companies that must grapple with determined and persistent adversaries," said Matt Thomlinson, general manager of Trustworthy Computing Security at Microsoft, in the company's blog post.
Over the past week or so, both Apple and Facebook said computers used by employees were attacked after visiting a software developer website infected with malicious software.
The attacks come at a time of broader concern about computer security.
Newspaper websites, including those of The New York Times, The Washington Post and The Wall Street Journal, have been infiltrated recently. Earlier this month U.S. President Barack Obama issued an executive order seeking better protection of the country's critical infrastructure from cyber attacks.
(Reporting By Bill Rigby; Editing by Gary Hill and Andrew Hay)
NEW YORK (Reuters) - A U.S. judge handed outspoken hedge fund manager David Einhorn a victory in his battle with Apple Inc on Friday, blocking the iPhone maker from moving forward with a shareholder vote on a controversial proposal to limit the company's ability to issue preferred stock.
U.S. District Judge Richard Sullivan in Manhattan granted a motion by Einhorn's Greenlight Capital for a preliminary injunction stopping a vote on that proposal, scheduled for the company's February 27 stockholders' meeting.
The decision could hand Einhorn more leverage as he pursues his pitch for Apple to issue what he has called the "iPref": preferred stock with a perpetual dividend that he contends would reward investors and help boost the company's share price.
Greenlight sued Apple on February 7 as part of a broader pitch to unlock more of its $137 billion in cash. The hedge fund manager has lobbied Apple to issue preferred stock with a perpetual 4 percent dividend, and on Thursday made a direct appeal to shareholders on a teleconference.
Apple Chief Executive Tim Cook last week dismissed the lawsuit as a "silly sideshow."
The lawsuit itself challenged a measure called Proposal No. 2 that Apple put forward, which would eliminate its power to issue preferred shares without a shareholder vote.
At issue is Apple's "bundling" of that measure with two other unrelated matters into a single proxy proposal.
Greenlight said it supported two of the proposed amendments, but not the one on preferred shares.
In his ruling, Sullivan said Greenlight and another investor who also sued Apple "are likely to succeed on the merits and face irreparable harm if the vote on Proposal No. 2 is permitted to proceed."
"We are disappointed with the court's ruling. Proposal No. 2 is part of our efforts to further enhance corporate governance and serve our shareholders' best interests," Apple spokesman Steve Dowling said. "Unfortunately, due to today's decision, shareholders will not be able to vote on Proposal No. 2 at our annual meeting next week."
A spokesman for Greenlight called the ruling a "significant win for all Apple shareholders and for good corporate governance."
But not all shareholders were happy. California pension fund Calpers, a major Apple investor and public supporter of Apple's proposal, said implementation of "majority voting and shareholder approval for the issuance of new stock - preferred or otherwise - is worth waiting for."
"We encourage Apple to reintroduce these measures as soon as is practical so that all investors can be heard," Anne Simpson, Calpers' director of global governance, said in a statement.
BUNDLES
The ruling could be a warning for other companies when issuing proxy proposals, said James Cox, a professor at Duke University School of Law.
"It's going to make managers reluctant to bundle things together, because you're never going to know when you send them out if there's an Einhorn out there," he said.
The lawsuit was centered on a narrow issue of whether Apple violated U.S. Securities and Exchange Commission rules by "bundling" the preferred shares item with two other unrelated matters into one proxy proposal.
Greenlight's lawyers contended the SEC rules were intended to protect shareholders from being forced to vote for a proxy proposal involving materially different issues that the investors might not entirely support.
Apple had argued Proposal No. 2, which only dealt with amendments to its charter, constitute a single matter and wasn't bundled. Sullivan called the company's arguments "unavailing."
"Given the language and purpose of the rules, it is plain to the Court that Proposal No. 2 impermissibly bundles 'separate matters' for shareholder consideration," Sullivan wrote.
Judge Sullivan also found that Greenlight would be irreparably harmed without the injunction, since it would be forced to vote against its own interests. Denying Greenlight's motion would prevent it and other investors from exercising their rights to a fair vote, Sullivan said.
Sullivan separately declined to block a vote from going forward on a separate proxy proposal, Proposal No. 4, which sought an advisory "say on pay" vote on Apple executives' compensation.
The proposal had been challenged by investor Brian Gralnick of Pennsylvania, who contends Apple did not disclose enough details about how it made its compensation decisions.
Sullivan rejected that argument, saying Apple's disclosures were "plainly sufficient under SEC rules."
Arnold Gershon, a lawyer for Gralnick at Barrack, Rodos & Bacine, said he was "very pleased" with Sullivan's decision to the extent it enjoined the Proposal No. 2 vote, though said he would have to decide what to do next with regard to the say-on-pay proposal.
Sullivan directed the parties to submit a joint letter by March 1 outlining the next contemplated steps in this case.
Apple shares closed up 1.1 percent at $450.81 on Friday.
The case is Greenlight Capital LP, et al., v. Apple Inc., U.S. District Court, Southern District of New York, 13-900.
(Reporting by Nate Raymond in New York; Additional reporting by Poornima Gupta in San Francisco; Editing by Martha Graybow, Gary Hill, Leslie Adler, Carol Bishopric and Lisa Shumaker)
Photos of what may be Apple's next iPhone surfaced online Monday.
Posted by a Chinese technology site, the images allegedly show the iPhone 5S already going into production. Nearly identical to the iPhone 5, the handset shown in the photos has an updated vibration motor (some have complained the iPhone 5's is too noisy). Beyond that minor difference, however, it looks identical to the model currently on the market. Apple launched the iPhone 5 last September.
[More from Mashable: iMadeFace Turns You Into a Cartoon]
The Chinese site also suggested that an iPhone 6 was on the way, soon. It said the 6 will sport a larger display, increasing from 4.8 inches to 5 inches.
[More from Mashable: Apple Might Be Building a Wristwatch And Two Other Stories You Need to Know]
This past weekend, rumors surfaced that the Cupertino, Calif. company was also working on a smart watch. Made out of curved glass, the watch can potentially let users to make calls, answer texts and run apps from their wrists.
What do you want to see from Apple's next iPhone? Let us know your thoughts in the comments, below.
Click here to view the gallery: Apple Smart Watch Concepts
Images courtesy of Sjbbs Zol
This story originally published on Mashable here.
PARIS (Reuters) - EU regulators hope to resolve a two-year investigation into U.S. internet company Google in the latter half of the year, the EU's antitrust chief said on Friday, although a rival expressed skepticism about the effectiveness of any solution.
The European Commission - the EU's executive arm - has been examining proposals put forward by Google to resolve complaints from more than a dozen companies, including Microsoft, that Google was using its market dominance to block competitors.
"We can reach an agreement after the summer break. We can envisage this as a possible deadline," EU Competition Commissioner Joaquin Almunia told a Concurrences Journal conference.
The Commission is closed for its summer break for most of August.
Almunia said there would only be a decision "if everything was okay." Neither Google nor the EU antitrust authority have detailed what concessions the U.S. group has offered. If the EU authority accepts the offer, it would mean no fine for Google.
People familiar with the matter have previously told Reuters that Google offered to label its own services in search results to differentiate them from rival services, and also to impose fewer restrictions on advertisers.
The Commission is expected to seek feedback from Google rivals and other third parties once it completes its examination of the concessions.
However, British price comparison site and Google complainant Foundem had doubts about the efficacy of any proposals from the U.S. company.
"We will withhold judgment on Google's proposals until we have seen them, but everything we have learned about Google makes us sceptical that it would volunteer truly effective remedies until it has been formally charged with infringement," said Foundem Chief Executive Shivaun Raff.
The U.S. Federal Trade Commission last month ended its own investigation without any significant action, handing Google a major victory.
EU regulators have said Google may have favored its own search services over those of rivals, copied travel and restaurant reviews from competing sites without permission, and placed restrictions on advertisers and advertising.
(Editing by Dan Lalor and Mark Potter)
SEATTLE (Reuters) - Microsoft Corp said on Friday a small number of its computers, including some in its Mac software business unit, were infected with malware, but there was no evidence of customer data being affected and it is continuing its investigation.
The world's largest software company said the security intrusion was "similar" to recent ones reported by Apple Inc and Facebook Inc.
The incident, reported on one of the company's public blogs happened "recently", but Microsoft said it chose not to make any statement publicly while it gathered information about the attack.
"This type of cyberattack is no surprise to Microsoft and other companies that must grapple with determined and persistent adversaries," said Matt Thomlinson, general manager of Trustworthy Computing Security at Microsoft, in the company's blog post.
Over the past week or so, both Apple and Facebook said computers used by employees were attacked after visiting a software developer website infected with malicious software.
The attacks come at a time of broader concern about computer security.
Newspaper websites, including those of The New York Times, The Washington Post and The Wall Street Journal, have been infiltrated recently. Earlier this month U.S. President Barack Obama issued an executive order seeking better protection of the country's critical infrastructure from cyber attacks.
(Reporting By Bill Rigby; Editing by Gary Hill and Andrew Hay)
NEW YORK (Reuters) - A U.S. judge handed outspoken hedge fund manager David Einhorn a victory in his battle with Apple Inc on Friday, blocking the iPhone maker from moving forward with a shareholder vote on a controversial proposal to limit the company's ability to issue preferred stock.
U.S. District Judge Richard Sullivan in Manhattan granted a motion by Einhorn's Greenlight Capital for a preliminary injunction stopping a vote on that proposal, scheduled for the company's February 27 stockholders' meeting.
The decision could hand Einhorn more leverage as he pursues his pitch for Apple to issue what he has called the "iPref": preferred stock with a perpetual dividend that he contends would reward investors and help boost the company's share price.
Greenlight sued Apple on February 7 as part of a broader pitch to unlock more of its $137 billion in cash. The hedge fund manager has lobbied Apple to issue preferred stock with a perpetual 4 percent dividend, and on Thursday made a direct appeal to shareholders on a teleconference.
Apple Chief Executive Tim Cook last week dismissed the lawsuit as a "silly sideshow."
The lawsuit itself challenged a measure called Proposal No. 2 that Apple put forward, which would eliminate its power to issue preferred shares without a shareholder vote.
At issue is Apple's "bundling" of that measure with two other unrelated matters into a single proxy proposal.
Greenlight said it supported two of the proposed amendments, but not the one on preferred shares.
In his ruling, Sullivan said Greenlight and another investor who also sued Apple "are likely to succeed on the merits and face irreparable harm if the vote on Proposal No. 2 is permitted to proceed."
"We are disappointed with the court's ruling. Proposal No. 2 is part of our efforts to further enhance corporate governance and serve our shareholders' best interests," Apple spokesman Steve Dowling said. "Unfortunately, due to today's decision, shareholders will not be able to vote on Proposal No. 2 at our annual meeting next week."
A spokesman for Greenlight called the ruling a "significant win for all Apple shareholders and for good corporate governance."
But not all shareholders were happy. California pension fund Calpers, a major Apple investor and public supporter of Apple's proposal, said implementation of "majority voting and shareholder approval for the issuance of new stock - preferred or otherwise - is worth waiting for."
"We encourage Apple to reintroduce these measures as soon as is practical so that all investors can be heard," Anne Simpson, Calpers' director of global governance, said in a statement.
BUNDLES
The ruling could be a warning for other companies when issuing proxy proposals, said James Cox, a professor at Duke University School of Law.
"It's going to make managers reluctant to bundle things together, because you're never going to know when you send them out if there's an Einhorn out there," he said.
The lawsuit was centered on a narrow issue of whether Apple violated U.S. Securities and Exchange Commission rules by "bundling" the preferred shares item with two other unrelated matters into one proxy proposal.
Greenlight's lawyers contended the SEC rules were intended to protect shareholders from being forced to vote for a proxy proposal involving materially different issues that the investors might not entirely support.
Apple had argued Proposal No. 2, which only dealt with amendments to its charter, constitute a single matter and wasn't bundled. Sullivan called the company's arguments "unavailing."
"Given the language and purpose of the rules, it is plain to the Court that Proposal No. 2 impermissibly bundles 'separate matters' for shareholder consideration," Sullivan wrote.
Judge Sullivan also found that Greenlight would be irreparably harmed without the injunction, since it would be forced to vote against its own interests. Denying Greenlight's motion would prevent it and other investors from exercising their rights to a fair vote, Sullivan said.
Sullivan separately declined to block a vote from going forward on a separate proxy proposal, Proposal No. 4, which sought an advisory "say on pay" vote on Apple executives' compensation.
The proposal had been challenged by investor Brian Gralnick of Pennsylvania, who contends Apple did not disclose enough details about how it made its compensation decisions.
Sullivan rejected that argument, saying Apple's disclosures were "plainly sufficient under SEC rules."
Arnold Gershon, a lawyer for Gralnick at Barrack, Rodos & Bacine, said he was "very pleased" with Sullivan's decision to the extent it enjoined the Proposal No. 2 vote, though said he would have to decide what to do next with regard to the say-on-pay proposal.
Sullivan directed the parties to submit a joint letter by March 1 outlining the next contemplated steps in this case.
Apple shares closed up 1.1 percent at $450.81 on Friday.
The case is Greenlight Capital LP, et al., v. Apple Inc., U.S. District Court, Southern District of New York, 13-900.
(Reporting by Nate Raymond in New York; Additional reporting by Poornima Gupta in San Francisco; Editing by Martha Graybow, Gary Hill, Leslie Adler, Carol Bishopric and Lisa Shumaker)
Photos of what may be Apple's next iPhone surfaced online Monday.
Posted by a Chinese technology site, the images allegedly show the iPhone 5S already going into production. Nearly identical to the iPhone 5, the handset shown in the photos has an updated vibration motor (some have complained the iPhone 5's is too noisy). Beyond that minor difference, however, it looks identical to the model currently on the market. Apple launched the iPhone 5 last September.
[More from Mashable: iMadeFace Turns You Into a Cartoon]
The Chinese site also suggested that an iPhone 6 was on the way, soon. It said the 6 will sport a larger display, increasing from 4.8 inches to 5 inches.
[More from Mashable: Apple Might Be Building a Wristwatch And Two Other Stories You Need to Know]
This past weekend, rumors surfaced that the Cupertino, Calif. company was also working on a smart watch. Made out of curved glass, the watch can potentially let users to make calls, answer texts and run apps from their wrists.
What do you want to see from Apple's next iPhone? Let us know your thoughts in the comments, below.
Click here to view the gallery: Apple Smart Watch Concepts
Images courtesy of Sjbbs Zol
This story originally published on Mashable here.
