Must Read Money Stories for Monday, May 9

by May 9, 2016

Must Read Money Stories

Oracle, Google Courtroom Tussle.

Oracle Corp. and Google Inc. have been in a legal tussle for the past six years, with their case having “ping-ponged through appeals courts,” as the Wall Street Journal characterizes. The kerfluffle started when a jury found that Google had infringed on Oracle’s copyrights in 2012. On Monday, the technology heavy-weights will duke it out in the courtroom again when the case’s second trial begins. The lawsuit stems from Oracle’s claims that Google used parts of its Java software without permission, and the WSJ reports the outcome could lead to billions of dollars in damages and recalibrate the ground rules for the software industry.

Slowdown In Job Market Growth.

New federal data released Friday showed that, after a six-month surge, growth in U.S. employment market began slowing down in April, according to the Washington Post. While unemployment held steady at 5 percent, the 160,000 new jobs that employers added in April was the slowest monthly pace in the last seven months. Economists say that firms worry about adding costs, namely expanding payroll, suggesting broader concerns about economic frailty. In fact, a Wells Fargo economist told the Post that the April data is actually more in line with the slower economy, and “maybe this month is not the aberration, but the prior six months.”

Clean Energy Boosts GOP States.

Clean energy projects have been soaring in the U.S. over the past two years, when renewables – such as wind turbines and solar panels – have solidly outpaced fossil fuels in new electric generation capacity being added to the grid. The uptrend is almost certain to continue this year, according to new federal data. It’s a shift that many Republican lawmakers in Congress, in their effort to guard coal-fired power plants, have strongly resisted. But The Associated Press reports their GOP-leaning home states, such as North Carolina, Texas and Kansas – where billions of dollars in renewables investments have helped drive costs of wind energy way down – are benefiting most from the clean-energy shift.

Apple’s Disconnect With Podcasts.

When Apple Inc. first introduced podcasts back in 2005, it’s hard to imagine that, given their immense popularity today, Steve Jobs struggled even explaining the concept. The tech giant did, nonetheless, give life to the now booming podcasting industry, which also helps struggling media outlets stay relevant in the ever-changing digital world. But members of the podcast community, who recently spoke to the New York Times on the condition of anonymity, worries whether Apple even cares, which they say hampers their ability to understand and expand their audiences at time when competition is mounting.