Money Matters - Simplified

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Technology

2008 Templeton Award goes to Polish Priest

A Polish priest has been declared the winner of the 2008 Templeton Prize, an award that is considered the most cash-rich annual academic prize in the world. Rev. Michael Heller is not only a priest, but also a mathematician, scientist, and author, besides being a good friend of the late Pope John Paul II.

Apple Faces Patent Infringement Lawsuit Over iTunes, iPod Technology

Apple Inc., which is already facing two lawsuits over iPhone’s battery, has been slapped with another lawsuit, this time over the technology used in its iTunes online music store and iPod music players to distribute digital media over the Internet.

Japan Investigating Incendiary iPods

Tokyo -- Japanese officials are looking for answers concerning iPod nano devices that have sparked and burst into flames, it was reported Wednesday.

The trade and economy ministry was investigating Apple Japan iPods with model number MA099j/A after a report of a portable media player sparking during recharging.

About 450,000 of the units, which were discontinued in September 2006, were shipped to the United States.

MacWorld has reported incidents of units sparking, exploding and bursting into flames.

Copyright 2008 by United Press International.

TiVo,YouTube Team Up to Deliver Web Content to TV

Digital video recorder maker TiVo Inc. announced on Wednesday, that its customers would soon be able to watch YouTube videos on their televisions via its digital video recorders (DVRs), a fastest way to get the stuff one can’t wait to see.

European Regulators Approve Google Deal

Brussels -- The European Commission has approved Google's $3.1 billion acquisition of DoubleClick, increasing its potential for ad revenues.

Google, which won approval for the purchase in the United States in December, immediately declared the deal was done. Critics of the deal complained that Google, which has 28 percent of the Internet advertising business and records 58 percent of U.S. Internet searches, would become too dominant.

Industry observer Jeff Chester, executive director of the Center for Digital Democracy, told The New York Times, the approval "set the stage" for Microsoft Corp.'s bid to take over Yahoo! Inc.

Yahoo! recently turned down a $44.6 billion unsolicited bid from Microsoft.

Google's Doubleclick purchase may jeopardize some jobs, but analysts said the combination is well suited. Google concentrates on multiple placement of small ads, while DoubleClick targets more complicated ads targeted to a specific audience.

Motorola breakup could hinge on vote

Schaumburg, Ill. -- A major Motorola Inc. shareholder with an eye towards breaking up the company is taking a second run at joining the company's board, it was reported Tuesday.

Carl Icahn, who owns 6 percent of the Illinois-based company's stock, is hoping to place four nominees on the 12-member board.

A year ago, Icahn, aiming for one seat on the board, came close. But Chief Executive Officer Gregory Brown's predecessor Edward Zander successfully lobbied against him.

Icahn has been pushing Motorola to breakup its handheld phone division, which Brown has said he was willing to explore.

But the company still wants to stay clear of Icahn's influence, Crain's Chicago Business reported.

"He may have more traction this time," said Warren Chen, a managing director at Glass Lewis, an advisory service that came out against Icahn a year ago.

5 Reasons Why Amazon Is Calling Audible

It's all over but the tendering. Amazon.com (Nasdaq: AMZN) completed the first round of its tender offer this morning, snapping up an 87% stake in digital spoken word specialist Audible (Nasdaq: ADBL).

TI Still a Buy

After defying yesterday's market downturn, its stock ending the day stubbornly in the green despite all the red-hued mayhem surrounding it, Texas Instruments (NYSE: TXN) shares dropped this morning. The reason: After the markets had safely closed for the day Monday, Texas Instruments issued an earnings warning.

Malfunctioning iPod Nano sparks safety probe in Japan

Apple's popular iPod nano media player in Japan overheated and gave off sparks, prompting a safety investigation, Japan's trade ministry said Tuesday. The malfunctioning iPod Nano is the latest in a list of dangerous incidents involving consumer products.

NBC/News Corp.'s "Hulu" goes public with free TV shows, movies

Hulu, the online video service developed by the two media titans - News Corp and NBC Universal, is set to go live on Wednesday (12th March 2008), nearly five months after it entered private beta testing.