Xbox One with 1TB storage costs $399, starts shipping to US retailers June 16; 500GB console price reduced to $349  —  New Xbox One 1TB Console Unveiled, Xbox One 500GB Console Reduced to $349  —  Next week, Xbox is kicking off the biggest games week of the year as we head to Los Angeles …

The Strengths And Weaknesses Of Apple Music  —  Spotify killer?  Or Ping 2.0?  Apple today finally announced its move into on-demand music streaming with the unveiling of Apple Music.  Now the question is whether Apple Music will be a hit with the public, bringing legions of new users to streaming and stealing from competitors.

Messaging app Jott works without a data plan or WiFi connection, hits 500K active users in US, mostly junior high and high school students  —  Messaging App Jott Is Blowing Up Among Junior High And High Schoolers  —  As Facebook and YikYak try to grow a younger audience …

Twitter makes conversations easier to follow on Tweet pages by grouping conversations together and highlighting interesting exchanges  —  Making conversations easier to follow on the Tweet page  —  Every day, people come to Twitter to be a part of real-time conversations unfolding …

AOL acquires and shuts down predictive-analytics startup Velos  —  AOL has acquired a predictive analytics startup called Velos for an undisclosed sum and has shut down the startup's service, which enabled companies to connect data sets, clean up data, and run predictive models.

Meal kit delivery startup Blue Apron raises $135M Series D led by Fidelity at a $2B valuation, delivers 3M meals a month  —  Blue Apron Eats Up $135M At A $2B Valuation  —  Blue Apron has just announced that it closed a $135 million round of funding led by Fidelity Management and Research Company …

In China, Uber pays drivers bonuses of up to 3X the fare, to establish itself in the country  —  Uber Spends Heavily to Establish Itself in China  —  HONG KONG — Uber is spending money at a breakneck rate to crack the China market — even paying its drivers more than the fares they collect.

Brit+Co Confirms $20M Raise Led By Intel, Acquires How-To App Snapguide  —  Big news today for Brit + Co., the lifestyle media and e-commerce business aimed at people interested in crafty projects.  The startup has confirmed that it's raised $20 million in funding, and it has acquired user …

Hospira hospital drug pump vulnerability lets hacker remotely send fatal dose  —  Hacker Can Send Fatal Dose to Hospital Drug Pumps  —  When security researcher Billy Rios reported earlier this year that he'd found vulnerabilities in a popular drug infusion pump that would allow a hacker …

HP to pay $100M to settle case tied to Autonomy deal  —  PALO ALTO — Hewlett-Packard's ill-fated acquisition of software maker Autonomy will cost another $100 million, as the personal computer and printer maker prepares to settle class-action litigation tied to the 2011 deal.

Facebook has scrapped its secret plan to build a $500 million satellite to provide cheap internet in the developing world  —  Facebook has scrapped its secret plan to build a $500 million satellite to provide cheap internet in the developing world  —  Facebook has scrapped its previously unknown plans …

TiVo Now Lets Subscribers Stream Recordings And Live TV Via The Web  —  DVR maker TiVo announced today a new product called TiVo Online that will allow its subscribers to stream both their DVR recordings as well as live TV over the web.  The free site also includes an online guide …

UK competition authority fast tracks review of BT/EE merger, says deal would hurt competition  —  BT/EE merger fast-tracked by UK competition body  —  CMA rules that proposed tie-up poses real risk to competition in U.K. telecoms market.  —  The U.K. competition authority has elected …