Apple, Google and two other Silicon Valley companies have agreed to pay $415 million in a second attempt to resolve a class-action lawsuit alleging they formed an illegal cartel to prevent their workers from leaving for better-paying jobs.
U.S. stocks tumbled across indexes Wednesday as fears of a global economic slowdown intensified, with the Dow Jones industrial average in its fourth day of consecutive losses – plunging more than 400 points.
A federal judge rejected as too low a $324.5 million settlement of a class-action lawsuit alleging Google and Apple conspired with several other technology companies to block their top workers from getting better job offers.
Automobiles will one day “know” who is in the driver’s seat, literally…
If the back of your computer looks like a bird’s nest you’ll be happy with Intel’s announcement this week. The chip maker is aiming to eliminate all those pesky PC cables by 2016.
Nearly 60,000 high-tech workers are likely to receive an average of $4,000 apiece in a settlement of a class-action lawsuit alleging Apple and Google conspired in an illegal cartel of Silicon Valley employers that secretly refused to recruit each other’s engineers.
Google, Apple, Intel and Adobe Systems have settled a class-action lawsuit alleging they conspired to prevent their engineers and other highly sought technology workers from getting better job offers from one another.
Intel’s earnings fell in the first three months of the year amid a continued slump in the worldwide PC market, but revenue grew slightly because of solid demand for tablet processors and its data center services.
Intel plans to trim more than 5,000 jobs from its workforce this year in an effort to boost its earnings amid waning demand for its personal computer chips.
Fortune Magazine’s annual “100 Best Companies to work for continues to be dominated by Silicon Valley’s tech industry.