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The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

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1

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Spain lifted the World Cup, but the IRS still gets a cut of its $50 million pay day as players, coaches and refs all face complex U.S. “jock taxes”

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The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow
Oracle

Oracle and Google Make Final Pitches to the Jury in Retrial

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May 23, 2016, 12:08 PM ET
Google's Android mobile OS.
Google's Android mobile OS.Photograph by Bloomberg via Getty Images
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Oracle filed a multibillion-dollar copyright lawsuit against Google because Oracle failed in its own attempts to enter the smartphone market, a Google attorney said in closing arguments on Monday.

In a retrial in federal court in San Francisco, Oracle has claimed Google’s Android smartphone operating system violated its copyright on parts of Java, a development platform. Alphabet’s Google unit said it should be able to use Java without paying a fee under the fair-use provision of copyright law.

A trial in 2012 ended in a deadlocked jury, and if the current jury rules against Google on fair use, then it would consider Oracle’s request for about $9 billion in damages.

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The case has been closely watched by software developers, who fear an Oracle victory could spur more software copyright lawsuits.

However, investors see little risk for Google because the company could afford to pay a onetime fine, and the possibility of an injunction that would force Google to pay ongoing royalties to Oracle appears remote.

In court on Monday, Google attorney Robert Van Nest played a video of a speech by Oracle chairman Larry Ellison praising “our friends at Google” for building devices that use Java. Ellison then suggested Oracle should also build similar hardware.

But Oracle was never able to build a smartphone of its own, Van Nest said, so it decided to accuse Google of unfair copying instead.

“They now want all the credit and a whole lot of money,” Van Nest said. “That’s not fair.”

But Oracle attorney Peter Bicks said it was Google that needed a quick way to build a viable smartphone, and purposefully decided to use Java without a license.

Bicks presented internal Google documents, in which company executives contemplated being “out of business in 10 years” if they did not quickly enter the mobile market.

“They knew they were breaking the rules, they knew they were taking short cuts, and they knew it was wrong,” Bicks said.

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