Starbucks Corp. said Wednesday that it has entered a "memorandum of understanding" to settle a lawsuit filed against it last week by Bellevue-based cellular carrier T-Mobile USA Inc.
Starbucks spokeswoman Stacey Krum said in an e-mail that the memo's terms will not be disclosed. She said the companies "are working towards a final settlement, which we expect soon."
The suit, filed in a New York court June 5, alleged that Starbucks breached a contract with T-Mobile by letting rival AT&T supply customers with free wireless Internet service, which deprived T-Mobile of revenue.
Dendreon files registration
to sell future stock, debt
Dendreon filed a shelf registration Wednesday, saying that from time to time it might sell stock, warrants and debt at a value of up to $300 million.
In the prospectus, Dendreon said it could use the proceeds for a number of purposes, including to "fund our commercialization activities for Provenge, including the expansion of our manufacturing capabilities, investment in our sourcing of components for Provenge, the hiring of additional personnel and investment in specialized technology systems."
Hungry? Just shake it off
by using your iPhone
Want to find the best pizza, sushi or seafood restaurant in Belltown?
Just shake your iPhone. At least that's the idea behind a new application from the folks at Urbanspoon, which operates an online restaurant directory in 41 cities.
Urbanspoon co-founder Ethan Lowry describes his company's new iPhone application - which will debut with the new 3G device next month - as a cross between a "Magic 8 Ball and a slot machine."
The application works with the iPhone's built-in accelerometers, which measure movement. It also ties into the phone's GPS functionality.
That allows a person in a select neighborhood to shake the phone - which sets off a slot machine style interface that returns the highest rated nearby restaurants on Urbanspoon.
Lowry, who has been testing the device in Seattle, said the idea was to help people find a good place to eat when they are "seized by indecision."
NATIONAL NEWS
Cell fines OK for consumers,
but not for the government
WASHINGTON, D.C. - A leading cellular phone company declined to charge the government the same expensive fees it charges consumers for canceling their contracts early, acknowledging that "the government will never, never accept such penalty amounts," according to internal corporate e-mails obtained by The Associated Press.
The exasperating fees are the subject of a hearing Thursday at the Federal Communications Commission.
The e-mails from Nextel Communications Inc. come at a time when the FCC is considering whether to offer consumers relief from cell phone fees that the government itself appears to have avoided.
AP revealed details last month of the industry's efforts to help consumers avoid such fees in exchange for letting companies off the hook in state courts where they are being sued.
This report includes information from P-I staff, The Associated Press and Bloomberg News.
No comments:
Post a Comment