Financial
Facebook unveils host of mobile-friendly features PDF  | Print |  E-mail
Written by BARBARA ORTUTAY, AP Technology Writer   
Wednesday, 30 April 2014 15:48

SAN FRANCISCO (AP) — Mark Zuckerberg, like Facebook, is maturing. The soon-to-be 30-year-old CEO of the 10-year-old social networking company grew reflective as he stood in front of hundreds of developers to announce a host of mobile features designed to put "people first."

"We used to have this famous mantra, 'move fast and break things," Zuckerberg said at Facebook's f8 developer conference in San Francisco.

But moving quickly was sometimes so important that Facebook's engineers would tolerate a few bugs, or push out products that were not always fully baked. Fixing the bugs, Zuckerberg said, "was slowing us down." Backpedaling on features that didn't work —or that users didn't like— slowed things, too, though Zuckerberg did not mention that.

Facebook's new mantra may not be as sexy. Zuckerberg pointed to a new sign that read "Move fast with stable infra," as in infrastructure, and the audience laughed.

The last time Facebook held a developer conference was in 2011. That was before the company went public in 2012, before it began showing mobile advertisements and before it paid eye-popping amounts of money to acquire small, popular apps like Instagram and WhatsApp.

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Wheeler says FCC won't allow Internet 'slow lane' PDF  | Print |  E-mail
Written by The Associated Press, Associated Press   
Wednesday, 30 April 2014 15:45

LOS ANGELES (AP) — The nation's top telecommunications regulator defended his latest proposal to protect an open Internet, warning cable companies that manipulating data traffic on their networks for profit would not be tolerated.

Federal Communications Commission Chairman Tom Wheeler told The Cable Show on Wednesday that the so-called net neutrality rules he's proposed won't allow Internet service providers to push most users onto a "slow lane" so others who pay for priority access can have superior service.

"Prioritizing some traffic by forcing the rest of the traffic into a congested lane won't be permitted under any proposed open Internet rule," he said. "If someone acts to divide the Internet between 'haves' and 'have-nots,' we will use every power at our disposal to stop it."

Wheeler's comments come after he proposed rules last week that would replace the FCC's open Internet order from 2010, a measure which was struck down by a federal appeals court in January.

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Court orders EPA to adopt new air pollution rule PDF  | Print |  E-mail
Written by Associated Press   
Wednesday, 30 April 2014 15:46

SAN FRANCISCO (AP) — A federal court has given the Obama administration a deadline for updating federal standards for smog that are more than a year overdue.

U.S. District Court Judge Yvonne Gonzalez Rogers in San Francisco on Tuesday ordered the U.S. Environmental Protection Agency to issue ground-level ozone standards by Dec. 1 and a final rule by Oct. 1, 2015.

"EPA will meet the deadlines outlined by the court," Liz Purchia, an agency spokeswoman, said in an emailed statement. "However, the deadlines present a challenge for the agency because there is a significant amount of scientific analysis and review required."

Ozone is the main ingredient in smog, a powerful lung irritant.

At ground-level, ozone is created when emissions from cars and industrial facilities mix with sunlight to create smog.

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Government report says U.S. lost $11.2B on GM bailout PDF  | Print |  E-mail
Written by Associated Press   
Wednesday, 30 April 2014 15:39

NEW YORK (AP) — A new report says taxpayers lost $11.2 billion on the government's bailout of General Motors.

The estimate comes from a quarterly report to Congress by a government watchdog and is up from a previous estimate of $10.5 billion.

Detroit-based GM needed the $49.5 billion bailout to survive its bankruptcy restructuring in 2009. The company went public again in November 2010. The government sold its last shares of GM in December. The report says the Treasury Department wrote off an $826 million administrative claim against General Motors Co. in March, ending its involvement with the company.

In July, the watchdog said the government lost $2.9 billion on the bailout of Chrysler, which cost $12.5 billion.

Ally Financial is the last company that is still partly owned by the Treasury Department.


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
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