Corporate and legal

With gun control battles raging among federal and state legislators, it was inevitable that the issue of 3D-printed handguns would come up, especially with such a gun now available.

California Senator Leland Yee announced Tuesday his plan to propose a law that would ban the technology used to create 3D-printed guns.

"While I am as impressed as anyone with 3-D printing technology and I believe it has amazing possibilities, we must ensure that it is not used for the wrong purpose with potentially deadly consequences," Yee said in a statement. "I plan to introduce legislation that will … Read more

The head of Google Wallet -- the Web giant's mobile payments initiative -- has left the company, Google confirmed Wednesday.

"We can confirm that Osama Bedier has decided to leave Google this year to pursue other opportunities," Google spokesman Nate Tyler said in a statement. "He's achieved a lot during his time here and we wish him all the best in his next endeavor. Payments are a big part of what people do every day, and we're committed to making them easier for everyone."

Bedier joined Google in 2011, leaving eBay's PayPal … Read more

In his quarterly earnings letter to shareholders on Wednesday, Tesla CEO Elon Musk announced that "Tesla reached profitability in the first quarter of 2013 for the first time in our 10-year history."

Not only did the electric car company exceed analyst expectations, but Musk said (PDF) Tesla even outdid its own expectations for deliveries and gross margin. The company reported adjusted earnings of 12 cents per share on revenue of $562 million, which is far higher than the expected 3 cents per share. Its profit was $11 million after charges.

Tesla's total revenue for the first quarter … Read more

You can rent a castle on Airbnb and a treehouse. Boats are popular, and there are plenty of farmhouses. So why not a van?

As reported on the SF.StreetsBlog, an enterprising Airbnb user in San Francisco has started advertising a 1990 Chevy Conversion van, offering the vehicle (with just 45,000 miles!) for only $92 a night.

One might think the nightly rate (which is more if you consider the service charge) is a bit much to pay to sleep in a cramped space probably better suited for a Scooby Doo video. But, as everyone knows, real estate is … Read more

Microsoft promoted Amy Hood to chief financial officer Wednesday, replacing Peter Klein, who announced plans to leave the software giant last month.

Hood, 41, joined Microsoft in 2002 and worked most recently as the chief financial officer of Microsoft's Business Division, a job she held for a little more than 3 years. There, she handled financial strategy for the $24.1 billion unit and was deeply involved in the acquisitions of both Skype and Yammer. Prior to that job, Hood was chief of staff in Microsoft's Server and Tools group.

"I'm excited to step into this … Read more

As expected, the San Francisco Board of Supervisors Tuesday approved a settlement with the wireless industry over a controversial law that would have required city retailers to inform customers about the possible dangers of cell phone radiation.

By a 10-to-1 vote, the Board agreed to a permanent injunction against the "Right to Know" ordinance and promised that it will refrain from further litigation. In return, the CTIA, the wireless industry's trade association, will waive any claims to attorney's fees. Supervisor John Avalos was the lone dissenting vote.

Ellie Marks, the director of the California Brain Tumor … Read more

Verizon Wireless CEO Dan Mead said on Wednesday that there remains an importance place for both Windows Phone and BlackBerry, the two aspiring mobile operating systems trying to eat into the dominant positions of Apple and Google.

On Windows Phone (which he mistakenly referred to as Windows Mobile 8), Mead said he has been encouraged with what he has seen, noting that the OS has gotten good engagement from the handset manufacturers.

Likewise, there's a vital role for BlackBerry, he said during an investor conference today.

Both Windows Phone and BlackBerry are attempting to stage their respective comebacks, and … Read more

AOL has continued to shed subscribers but managed to turn a decent profit last quarter thanks mostly to its advertising trade.

The online Internet provider scored a 9 percent increase in global advertising revenue for the first quarter, compared with the year-ago quarter. Global display revenue climbed by 8 percent year over year thanks to 6 percent growth in the U.S. and ongoing double-digit growth abroad.

AOL also saw a 9 percent rise in search revenue due to gains in global queries and higher revenue per search at AOL.com.

"Growth continues at AOL," AOL CEO Tim … Read more

News Corp. veteran Tom Mockridge has been named the next CEO of Virgin Media.

Mockridge has served in various senior management roles at Rupert Murdoch's News Corp. for over two decades, including chief executive of European Television operations, chief executive of Sky Italia, and most recently CEO of News International. Mockridge will succeed Neil Berkett, who announced his intention to retire as CEO of the U.K. cable operator following Liberty Global's acquisition plans.

Mike Fries, president and CEO of Liberty Global, said in a statement Wednesday, "Tom will bring to Virgin Media a breadth of experience … Read more