Techmeme
July 25, 2015, 3:35 AM

Top News

Bloomberg Business:
Square Said to File Confidentially for Initial Public Offering  —  Square Inc., the mobile-payments company founded and led by Jack Dorsey, the interim chief executive officer of Twitter Inc., filed confidentially for an initial public offering, people with knowledge of the matter said.
Ted Johnson / Variety:
FCC OKs AT&T-DirecTV merger with conditions lasting 4 years: expand fiber internet to 12.5M new customers, submit interconnection agreements for review, more  —  FCC Approves AT&T-DirecTV Merger  —  AT&T and DirecTV's merger cleared its final federal regulatory hurdle on Friday, garnering the votes at the FCC for approval.
Mikey Campbell / AppleInsider:
Nike, Apple agree to $2.4M settlement in suit over false FuelBand claims, Apple to pay nothing  —  Consumers who purchased a Nike+ FuelBand between 2012 and 2015 might be eligible for a small payment from Nike after the sports brand, alongside co-defendant Apple, agreed to settle …
Bloomberg Business:
Sources: MCX's CurrentC mobile payment app to begin limited trial in stores next month as deals keeping Apple Pay out of stores expire  —  Retailers' Answer to Apple Pay Is Said to Hit Stores in August … After almost three years in development, the retail industry's answer to Apple Pay is finally getting off the ground.
Ryan Whitwam / Android Police:
New Voicemail Transcription For Google Voice And Project Fi Reduces Errors By 49%  —  Sometimes Google's voicemail transcription is good enough to get the point across, and other times it's a seemingly random collection of words that only make sense when you're under the influence of really great narcotics.
Peter Bright / Ars Technica:
New patent group threatens to derail 4K HEVC video streaming  —  It's better than H.264, but it's going to cost more than H.264 too.  —  A new industry group called HEVC Advance is threatening to demand royalties for the new HEVC video codec that could halve the bandwidth required …
Chris Mellor / The Register:
Cisco ends Invicta storage hardware line, a business it entered with $415M Whiptail acquisition in 2013  —  How to waste two years and lose $415m: Cisco's now-dead Whiptail deal  —  A sorry story of whipped tales, angst and attrition  —  Exclusive + analysis Cisco has confirmed …
Kevin Kingsbury / Wall Street Journal:
With a market cap of over $247B and a 55% rise in stock price this year, Amazon is now worth more than Wal-Mart  —  Amazon Is Now Worth More Than Wal-Mart  —  While Amazon.com Inc.'s revenue has long been fast growing, easily outpacing brick-and-mortar giant Wal-Mart Stores Inc., the bottom line has never been close.

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