Intel is to argue that the European Commission provided insufficient proof of wrongdoing when it appeals the record antitrust fine imposed by commissioners in May.
The details of Intel’s appeal asking for an annulment of the decision or a reduction of the €1.06bn ($1.5bn) fine have been revealed in the official journal of the European Union. Read more
Intuit should have recorded a $170m transaction in its Quicken personal finance software on Monday after buying online rival Mint.com.
That’s a healthy return for investors in the two-year-old Silicon Valley start-up, which raised $32m over three VC rounds. Intuit had introduced Quicken Online to compete with Mint, and had closed in on its rival with 1.4m online users to Mint’s 1.5m.
So why did it feel the need to acquire Mint? – one of several questions answered by Dan Maurer, head of Intuit’s consumer group, and Aaron Patzer, chief executive and founder of Mint, in an FT interview after the jump. Read more
Google is holding out a helping hand to the embattled newspaper industry with a new way of browsing newspapers and magazines online.
Eric Schmidt, chief executive, has criticised the formats of online editions of newspapers as slow and “pretty unpleasant to read.”
Google unveiled “Fast Flip” at the TechCrunch50 conference in San Francisco on Monday as a possible solution. Read more