SAN FRANCISCO — Yahoo filed a lawsuit against Facebook on Monday accusing the social networking giant of patent infringement.
Yahoo, in the suit filed in U.S. District Court for the Northern District of California, accused Facebook of infringing on 10 of its patents.
“For much of the technology upon which Facebook is based Yahoo got there first and was therefore granted patents by the United States Patent Office to protect those innovations,” Yahoo said in the suit, a copy of which was posted online by the website All Things Digital.
“Yahoo’s patents relate to cutting-edge innovations in online products, including in messaging, news feed generation, social commenting, advertising display, preventing click fraud and privacy controls,” the suit said.
“Facebook’s entire social network model, which allows users to create profiles and connect with, among other things, persons and businesses, is based on Yahoo’s patented social networking technology,” it said.
PG&E to pay $70M for pipeline blast
SAN FRANCISCO — Pacific Gas & Electric Co. has agreed to pay $70 million in restitution for the California pipeline explosion that killed eight people in 2010.
PG&E and the city of San Bruno announced the settlement Monday in a joint statement. They say the money will be used to establish a nonprofit organization to help the community recover from the Sept. 9, 2010, blast that also destroyed 38 homes.
The San Francisco-based utility previously set up a $100 million fund to support emergency needs in the aftermath of the explosion that destroyed more than three dozen homes in the San Francisco suburb.
Barnes & Noble hires Cablevision exec as CFO
NEW YORK — Barnes & Noble says it hired former Cablevision executive Michael Huseby as its new chief financial officer.
Mr. Huseby, 57, replaces interim CFO Allen Lindstrom. The prior CFO, Joseph Lombardi, said in October he was leaving after a nine-year stint, but would stay on for the transition.
Mr. Huseby was executive vice president and chief financial officer of cable company Cablevision Systems Corp. from 2004 to 2011.