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Apple Facing a Price-Fixing Lawsuit

Apple is facing a class-action suit, which accuses the company with conspiring to jack up the prices on e-books. A law firm in Seattle is targeting Apple in part because of their dominance of tablet and smartphone sales, according to the managing director of the firm.

Cisco Profit Takes a Dive in Q4

Cisco’s sales climbed slightly, but their net income took a hit from the previous year’s figures. Profit for the fourth fiscal quarter dropped one-third from Q4 of the previous year, and sales only rose by 3.3 percent, as reported by the company on Wednesday.

Net fourth quarter income ended on June 30th, and sat at $1.2 billion, down over 36 percent from the previous year’s figure of $1.9 billion. Earnings for each share declined as well, by over 33 percent, to 22 cents a share, down from 33 cents a year ago.

Tiny Screens offer Big Delights

Meet Sifteo cubes. Lay these in front of someone who has never seen them and you will get some surprised reactions.

Sifteo cubes are plastic white cubes that have clickable screens which can communicate wirelessly with each other.

Flickr Hoping to Help Identify Looters in London

As rioting continued to rule London streets, local police have turned to the Internet to help uncover the identity of those who are wreaking havoc in their city.

On Tuesday, the MPL (Metropolitan Police of London) posted various photos on Flickr which showed people they think have participated in rioting and looting. As of now, the photos are focused on the West Norwood and Croydon neighborhoods, though more photos are expected to be posted soon.

Pier 1 Imports gets a Glimmer of Positive News

It may be time for shareholders of Pier 1 Imports to pop the cork on that champagne they have been saving. The less-than-profitable home-furnishings seller, which has been beset by rapid sales declines and a shrinking margin, was given a stock upgrade by Goldman Sachs Group on June 12th.

Adrianne Shapira, a top Goldman analyst, and her group upgraded Pier 1 from neutral to buy, and added their stock onto their Americas Conviction List.