It may be dangerous, difficult work, but oil drillers are well compensated for the job: In 2011 the average salary for rig workers and other industry personnel was $99,175.
From Kotaku: PlayStation Division Loses $2.8 Billion
From Business and financial news – CNNMoney.com: Facebook employees face $4 billion tax bite
Facebook founder Mark Zuckerberg won’t be the only one collecting billions from Facebook’s initial public offering: Uncle Sam and the state of California are also poised to cash in big.
From Business and financial news – CNNMoney.com: Turning natural gas into diesel fuel
Near-record low natural gas prices have hurt the industry, but a technology that can turn cheap gas into more profitable diesel could keep demand high and mitigate the impact of falling costs.
From Business and financial news – CNNMoney.com: Apple’s stock getting creamed by Verizon, AT&T
Over the past several years, Apple has arguably gotten the better end of its iPhone partnership with the carriers — but right now, it’s the telecoms that have investors more excited.
From Ars Technica: Google guilty of infringement in Oracle trial; future legal headaches loom
In what could be a major blow to Android, Google’s mobile operating system, a San Francisco jury issued a verdict today that the company broke copyright laws when it used Java APIs to design the system. The ruling is a partial victory for Oracle, which accused Google of violating copyright law.
But the jury couldn’t reach agreement on a second issue—whether Google had a valid “fair use” defense when it used the APIs. Google has asked for a mistrial based on the incomplete verdict, and that issue will be briefed later this week.
from Ars Technica
From Business and financial news – CNNMoney.com: Buffett and Munger won’t buy Facebook stock
Facebook kicks off its highly anticipated IPO road show Monday, but two men who won’t be taking the pitch — legendary investor Warren Buffett and his 88-year old co-pilot Charlie Munger.