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  1. Facebook's Zuckerberg questioned at trial over virtual-reality technology

    File photo of Facebook CEO Mark Zuckerberg during a town hall at Facebook's headquarters in Menlo Park, CaliforniaBy Lisa Maria Garza DALLAS (Reuters) - Facebook Inc chief executive Mark Zuckerberg took the witness stand in Dallas federal court on Tuesday and denied an allegation by a rival company that the virtual-reality technology of Facebook's Oculus unit was stolen. Zuckerberg, the founder of one of the world's largest companies, faced hours of tough, public questioning about where Oculus obtained its ideas and how much he knew about the startup when Facebook bought it for $2 billion. A jury is hearing evidence in a civil lawsuit brought by videogame publisher ZeniMax Media Inc against Oculus in 2014, in the middle of the Facebook-Oculus deal.

  2. India to consider Apple request for investment incentives with 'open mind'

    The Apple logo is seen on the facade of the new Apple Store in ParisIndia will consider Apple's request for incentives to invest in the country with an "open mind", Information Technology Minister Ravi Shankar Prasad told reporters on Wednesday. "We will very much like Apple to come and have a base in India," Prasad said. Apple has sent a list of demands to the Indian government, seeking tax concessions and several other policy exemptions, as necessary pre-requisites before it starts production of its iPhones in India.

  3. General Motors to pay $1 million to resolve SEC accounting case tied to ignition switch

    The GM logo is seen at the General Motors Warren Transmission Operations Plant in Warren, MichiganGeneral Motors Co has agreed to pay $1 million to resolve a U.S. Securities and Exchange Commission accounting case related to a faulty ignition switch linked to 124 deaths and 275 injuries, the regulator said on Wednesday. The deal would resolve charges that accounting control failures at the automaker prevented GM from properly assessing the potential financial impact of the defective ignition switch, which led to vehicle recalls beginning in 2014, the SEC said. The largest U.S. automaker said in a statement it consented to an administrative SEC order, without admitting or denying any wrongdoing.

  4. South Korea's Netmarble seeks M&As, U.S. expansion: founder

    An employee walks past the logo of Netmarble Games at its headquarters in SeoulSouth Korea's largest mobile game company, Netmarble Games Corp, is seeking more mergers and acquisitions and intellectual property rights to expand its share of the gaming market in North America and Europe, its founder said. The Tencent-backed firm - with plans for a public listing estimated at billions of dollars in the first half this year - aims to raise its ranking in key markets to reach its goal of becoming a global top 5 game company by 2020, Bang Jun-hyuk told Reuters. Netmarble wants to place within the top 10 in mobile games in China and Japan, Bang said on the sidelines of a news conference on Wednesday.

  5. Toshiba loses court appeal against EU cartel fine on joint venture

    Toshiba's logo is seen at an industrial area in KawasakBy Waverly Colville BRUSSELS (Reuters) - Japanese consumer electronics group Toshiba on Wednesday lost an appeal against an EU cartel fine levied on its joint venture with Panasonic five years ago, after Europe's highest court said it had decisive influence over the business. The company was part of a group of seven cathode ray tube makers fined a total 1.47 billion euros by the European Commission in 2012 for fixing prices and restricting output for cathode ray tubes for televisions and computer screens for a decade. Toshiba subsequently challenged the EU competition enforcer's ruling at the Luxembourg-based General Court which cut the fine imposed on its MTPD joint venture to 82.8 million euros ($88.5 million) from 86.7 million euros.


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