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Volkswagen lawsuit; Facebook execs out; Tesla’s new SUV

In a statement late Thursday, the SEC accused Volkswagen ( VLKAF ) two of its subsidiaries and former CEO Martin Winterkorn of "raising billions of dollars "through the markets through" a series of misleading claims "on the company's clean diesel vehicles. "Volkswagen has made false and misleading statements to investors and underwriters about vehicle quality, environmental compliance and VW's financial …

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Facebook’s News Feed era is now officially over

Last May, after a decade of uncommon stability in his executive ranks, Mark Zuckerberg announced a series of dramatic changes. He moved two top managers to create a new blockchain division and installed new leaders on WhatsApp and News Feed. (He also appointed someone to run a new group focused on privacy initiatives, which was never heard again.) And for …

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Venezuela’s electricity crisis could disrupt oil markets

LUIS ROBAYO | AFP | Getty Images An anti-government protester stands near a national flag during a protest of the opposition blocking the Francisco Fajardo Highway in Caracas on May 27, 2017. An interruption of power at the national level in Venezuela hit by the crisis could trigger "serious interruptions" to the oil market, the International Energy Agency (IEA) warned …

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S.E.C. Accuses Volkswagen of Fraud in Diesel Scandal

The largest securities agency in the United States has accused Volkswagen of undertaking a "massive fraud" and lying to investors, the latest in a diesel emissions scandal that has haunted the German automaker. The Securities and Exchange Commission said late Thursday sued Volkswagen and Martin Winterkorn, its former CEO, in a case related to a ten-year project undertaken by one …

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Facebook loses chief product officer and Whatsapp head

Image copyright Getty Images Image caption Chris Cox was one of Facebook's longest serving executives and confidants of Mr. Zuckerberg. Facebook founder Mark Zuckerberg announced the departure of company product manager Chris Cox and director of WhatsApp Chris Daniels. Mr. Cox joined in 2005, a year after Facebook was founded, while Daniels took over his role just a year ago. …

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‘Future Datacenters Will Be…Like High Performance Computers’

"Future datacenters of all kinds will be built as high-performance computers," Nvidia CEO Jensen Huang said during a telephone briefing on Monday after Nvidia revealed the acquisition of the high-performance networking company Mellanox for $ 6.9 billion. vision – as is Nvidia – is a good reason to buy one of the leading HPC interconnect companies in the world. Of …

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Addressing Spotify’s Claims – Apple

We believe that technology reaches its true potential when we infuse it with creativity and human ingenuity. Since our early days, we have built our devices, software and services to help artists, musicians, creators and visionaries do what they do best. Sixteen years ago, we launched the iTunes Store with the idea that there should be a reliable place where …

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Mt. Gox CEO Mark Karpeles found guilty, given a suspended sentence

Mark Karpeles, former CEO of Monte. Gox cryptocurrency exchange, a sentence of two years and six months was given, suspended for four years after being found guilty of tampering with documents by the Tokyo District Court. Karpeles was found not guilty of two charges, embezzlement and violation of company law . Prosecutors have asked for a 10-year sentence, but according …

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