Search Results for: lawsuit

Square sued by professor who claims he invented card reader

A lawsuit has been filed against the founders of mobile payment operator Square, Jack Dorsey and Jim McKelvey. The suit alleges patent infringement, as well as breach of fiduciary duty. Filed by a professor in St. Louis, it’s not the first time Square has heard this argument.

Google purchases Nest, maker of connected home products

Nest, maker of connected home devices such s a smart thermostat and smoke detector, have been acquired by Google. In an announcement, Google says they’ve entered an agreement to purchase Nest Labs, Inc. for $3.2 billion cash. Becoming a big name in an emerging market, Nest offers an increasingly impressive lineup of devices, and an app that brightly connects them.

Samsung Chairman wants ‘non stop’ innovation in 2014

Samsung Chairman Lee Kum-hee has urged his company to innovate ‘non stop’ in 2014. At an annual speech on Thursday, Lee noted 2013 was tough, mainly due to rising competition. His directive to his company was to jettison the old methods, and search out a new path for Samsung.
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