Daily News: Reuters Technology News Headlines - Judge dismisses suit against AOL in patent sale to Microsoft

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Monday, Aug 19, 2013 05:06 PM PDT
Today's Reuters Technology News Headlines - Yahoo! News: Judge dismisses suit against AOL in patent sale to Microsoft Zillow offers stock at 3 percent discount Amazon.com back up after going down for U.S., Canadian users Website clamps down on bullying after teenage suicides

Judge dismisses suit against AOL in patent sale to Microsoft  Monday, Aug 19, 2013 05:06 PM PDT By Bernard Vaughan NEW YORK (Reuters) - A federal judge on Monday dismissed a lawsuit accusing AOL Inc and some of its executives of fraud for repurchasing 14.8 million shares in 2011 without disclosing that the company would sell a $1 billion portfolio of patents to Microsoft Corp months later. Plaintiffs in the case said they suffered significant losses when they sold their shares ahead of the patent deal, after which AOL's stock surged 43 percent in a single day. ... Full Story	Top
Zillow offers stock at 3 percent discount  Monday, Aug 19, 2013 04:36 PM PDT (Reuters) - Zillow Inc said it will offer 5 million shares of its class A common stock for $82.00 apiece, a discount of 3 percent to the company's closing price on Monday. Shares of the company were down 2.2 percent after hours on Monday, after dropping 7.1 percent to $84.74 in regular trade on the Nasdaq. Of the 5 million shares, the real estate website is offering 2.5 million shares and the balance will be offered by some of Zillow's shareholders. The company said it would buy smaller peer StreetEasy for about $50 million in cash to tap into the home shopping market in New York. ... Full Story	Top
Amazon.com back up after going down for U.S., Canadian users  Monday, Aug 19, 2013 01:17 PM PDT By Dhanya Skariachan NEW YORK (Reuters) - Amazon.com, the website of the world's largest online retailer, went down for about 15 minutes on Monday in a rare outage for many users across the United States and Canada. It was unclear what triggered the rare disruption. The company, whose Amazon Web Services is designed to ramp up server capacity for customers to prevent outages, did not respond to multiple requests for comment. Earlier on Monday, users from New York and Toronto to San Francisco got only error messages when trying to access the popular shopping website. ... Full Story	Top
Website clamps down on bullying after teenage suicides  Monday, Aug 19, 2013 12:00 PM PDT By Belinda Goldsmith LONDON (Reuters) - Online social network Ask.fm said on Monday it would clamp down on bullying after coming under fire from child safety campaigners for a string of suicides in Britain that were linked to the website popular with teenagers. Earlier this month Hannah Smith, 14, hanged herself at her family's home after suffering months of bullying on the Latvia-based website, which allows users to post questions and comments to each other, anonymously if they want. ... Full Story	Top

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