Posts From King World News

Updated: Apple is the reason you can't get naked on Instagram

Instagram claims to stand for artistic freedom, yet the service has taken down photos that include nudity from the accounts of Miley Cyrus, Naomi Campbell and countless other users – but according to the CEO it’s not the app’s fault. Instagram CEO Kevyn Systrom has claimed Apple is the reason the app doesn’t include naked photos as the App Store has regulations against nudity. At the moment you can only

Twitter names Jack Dorsey permanent CEO

Twitter Inc named Jack Dorsey as its permanent chief executive on Monday, potentially creating a conflict of interests for its co-founder as he juggles the role with running fast-growing mobile payments company Square. Dorsey’s appointment ends months of speculation about who will take the reins at Twitter. Twitter will recruit its next chairman from outside the company.

Shares of Alphabet, the new Google, rise slightly in early trade

(Reuters) – Shares of Alphabet Inc, the new umbrella company for Google Inc, rose slightly in their first few minutes of trading on Monday. Alphabet’s Class A shares were up 0.1 percent at $657.74, while the Class C shares were up 0.27 percent at $628.79 after about five minutes of trading. Alphabet is identical to Google from a stock market perspective.

U.S. top court rejects I/P Engine's bid to restore $30 million patent verdict

By Lawrence Hurley WASHINGTON (Reuters) – The U.S. Supreme Court on Monday rejected an appeal by Vringo Inc subsidiary I/P Engine, which was seeking to restore a $30 million patent infringement verdict it won against several companies including Google Inc. The high court rejected I/P Engine’s appeal, meaning a August 2014 ruling against the company by the U.S. Court of Appeals for the Federal Circuit was left intact. A jury in

New York regulator issues license to Winkelvoss bitcoin venture

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Gemini Trust Company, founded by investors Tyler and Cameron Winklevoss, has been granted a license to operate as a chartered limited liability trust company by the New York State Department of Financial Services, the state regulator announced on Monday. Under the charter, Gemini will operate a bitcoin exchange and will officially open for trading on Thursday at 9:30 a.m. (1330 GMT)) serving both

EU financial watchdogs zoom in on 'big data' use

European banks and insurers could face new rules to control their use of “big data” to target customers with products after EU watchdogs said they would investigate the area. The global financial services industry is expected to spend billions of dollars in coming years to improve their analysis capabilities. The three EU financial regulators – the European Banking Authority, European Securities and Markets Authority, and European Insurance and Occupational Pensions