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AP Technology NewsBrief at 3:53 p.m. EDT
(Associated Press Via Acquire Media NewsEdge) Yahoo CEO faces calls for ouster after inaccuracySAN FRANCISCO (AP) _ Yahoo CEO Scott Thompson faces calls for his ouster after just four months leading the troubled Internet company because of inaccuracies with his academic credentials. A major Yahoo shareholder who exposed the misrepresentation Thursday is now leading the charge to oust Thompson for unethical conduct. In a Friday letter, activist hedge fund manager Daniel Loeb demanded that Yahoo's board fire Thompson by noon ET Monday or face possible legal action.
Experts unlike ruling in Facebook speech caseNORFOLK, Va. (AP) _ The "like" button on Facebook seems like a relatively clear way to express your support for something, but a federal judge says that doesn't mean clicking it is constitutionally protected speech. Exactly what a "like" means _ if anything _ played a part in a case in Virginia involving six people who say Hampton Sheriff B.J. Roberts fired them for supporting an opponent in his 2009 re-election bid, which he won. The workers sued, saying their First Amendment rights were violated.
Facebook valued at up to $95B in IPO price rangeNEW YORK (AP) _ Facebook, the company that turned the social Web into a cultural and business phenomenon, is worth as much as $95 billion, according to the price range for its upcoming initial public offering of stock. Facebook's IPO, expected in a couple of weeks, would be the biggest ever for an Internet company. Facebook disclosed the price range of $28 to $35 per share in a regulatory filing Thursday.
Yahoo confirms misleading info on new CEO's resumeSAN FRANCISCO (AP) _ A disgruntled Yahoo shareholder questioned the qualifications and integrity of recently hired CEO Scott Thompson after exposing a misrepresentation about the executive's education. The fabrication confirmed Thursday by Yahoo Inc. gives New York hedge fund manager Daniel Loeb more artillery as he tries to topple a board of directors favored by Thompson, who became CEO of the troubled Internet company four months ago.
LinkedIn to buy SlideShare as 1Q beats StreetMOUNTAIN VIEW, Calif. (AP) _ LinkedIn Corp. said Thursday that its first-quarter profit more than doubled, and the business networking company is buying presentation sharing website SlideShare for $118.8 million. Shares jumped $9.29, or more than 8 percent, to $118.70 in extended trading. If that rally extends into Friday's regular trading session, LinkedIn's stock price will be close to its peak of $122.70 reached during the shares' market debut nearly a year ago. The stock has remained well above its initial public offering price of $45 since then.
New rage keeps Somali boys off street: video gamesMOGADISHU, Somalia (AP) _ Inside a hot, cramped room in the Somali capital, 10 sweating children sat on wooden desks, not unlike those found in schools. These boys, though, were not in class. They were staring at a small TV and tightly gripping video-game controllers. Video games are the new rage in Somalia, a first-world entertainment option for teenage boys that wasn't permitted when ultraconservative al-Shabab militants controlled the capital. The insurgents _ who were pushed out of Mogadishu last year by African Union and Somali troops _ banned recreational pleasures like movies and Nintendo.
Samsung reveals new flagship Galaxy smartphoneNEW YORK (AP) _ Samsung Electronics Co.'s latest Galaxy phone will have a high-definition touch screen that's nearly twice the size of the iPhone, while being thinner and lighter than Apple's phone. The Galaxy line has emerged as the biggest competitor to the iPhone. Samsung said the Galaxy S III will go on sale in Europe on May 29 and in the U.S. this summer. The Korean company showed off the phone Thursday at an event in London.
EU official: ACTA unlikely to become lawBRUSSELS (AP) _ An EU official says an international treaty that has been the subject of large protests by people fearing it would impinge on Internet freedom is unlikely to gain approval. European Commission Vice President Neelie Kroes implied in a speech Friday that ACTA, the Anti-Counterfeiting Trade Agreement, probably will not be ratified by the European Union.
Not all growth mutual funds take a bite of AppleBOSTON (AP) _ A mutual fund manager usually can count on having a good year if the largest investment in the portfolio is surging. But that's not the case for Tony Trzcinka. The largest holding in his Pax World Growth Fund is Apple Inc., and shares of the technology icon are up 44 percent. That's four times more than the broader market. Yet Trzcinka is being questioned about the fund's 12.5 percent return. Although that's a strong result just four months into the year, it trails more than 80 percent of the fund's large-cap growth stock peers.
Possible jury impasse looms in Oracle-Google trialSAN FRANCISCO (AP) _ A federal court jury is having a difficult time reaching a verdict in a complex copyright infringement trial pitting Oracle against Google. A question posed late Thursday in a note from one of the 12 jurors raised the specter of an impasse after lawyers on both sides spent two weeks trying to make their cases. The evidence included testimony from Oracle Corp. CEO Larry Ellison and Google Inc. CEO Larry Page.
(c) 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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