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Yahoo looks to regain its cool with Tumblr deal
After falling woefully out of fashion, Yahoo wants to be cool again while catering to the capitalistic demands of its shareholders. That goal led CEO Marissa Mayer to make a $1.1 billion bet on online blogging forum Tumblr in a risky acquisition that revolves around the vision and instincts of ...
Panel: Apple uses firms outside US to avoid taxes
Apple Inc. employs a group of affiliate companies located outside the United States to avoid paying billions of dollars in U.S. income taxes, a Senate investigation has found. The world's most valuable company is holding overseas some $102 billion of its $145 billion in cash, and an Irish subsidiary that ...
Yahoo reboots Flickr, offers 1 terabyte of storage
Fresh on the heels of its $1.1 billion acquisition of Tumblr, Yahoo says it is rebooting its languishing photo-sharing site Flickr with plans to make it "awesome" again. Yahoo Inc. said at an event in New York City's Times Square on Monday that it is now offering users 1 terabyte ...
Under Mayer: Boosting mobile, buying companies
Yahoo Inc. lured Marissa Mayer from Google in July to become its fifth CEO in as many years. Her task: Help the Internet pioneer regain its stature after years in a financial funk. In her 10 months leading the company, she has overseen a redesign of Yahoo services and orchestrated ...
Idaho couple and Sun Valley land in Twitter tussle
An Internet entrepreneur and former Wall Street derivatives analyst contends central Idaho's Sun Valley resort and the Twitter Inc. social media site heisted his handle. Leonard Barshack, who in the 1990s founded the Internet email listing service Bigfoot, is suing Twitter and the Sun Valley Co., demanding they return the ...
Blackstone group offers to take Pactera private
Private equity firm Blackstone Group LP, along with Pactera's CEO and other managers, have offered to take Pactera private in a deal that values the Chinese technology consulting and outsourcing firm at $680.4 million. Shares rose 31 percent Monday. Through Friday's close, before news of the offer, Pactera's stock had ...
Seamless and GrubHub to combine, no terms revealed
Rival online takeout services Seamless North America and GrubHub on Monday announced plans to combine and create a new company covering more than 20,000 restaurants in 500 cities across the U.S. Financial terms were not disclosed and it's unclear what the combined company will be called. GrubHub CEO Matt Maloney ...
High court uphold FCC power in cell tower disputes
The Supreme Court has affirmed the authority of federal regulators to try to speed local government decisions on proposals to build or expand cell phone towers. The court voted 6-3 Monday to uphold an appeals court ruling in favor the Federal Communications Commission. The case involves complaints to the FCC ...
Report: Yahoo nearing $1.1B acquisition of Tumblr
Yahoo may be on the verge of closing its biggest acquisition during the 10-month reign of CEO Marissa Mayer as she tries to attract more traffic and advertisers to the Internet company's website and mobile applications. The Sunnyvale, Calif., company's board of directors will meet Sunday evening to consider approving ...
'Sonic' video games coming to Nintendo
Sonic the Hedgehog is rolling with Nintendo. Sega says it will exclusively release the next three games starring the popular blue critter on Nintendo platforms. The first title will be called "Sonic Lost World" and is set for release on the Wii U and Nintendo 3DS later this year. "With ...
A year after IPO, Facebook aims to be ad colossus
It was supposed to be our IPO, the people's public offering. Facebook, the brainchild of a young CEO who sauntered into Wall Street meetings in a hoodie, was going to be bigger than Amazon, bigger than McDonald's, bigger than Coca-Cola. And it was all made possible by our friendships, photos ...
Syrian hackers compromise FT blog, Twitter feeds
A clutch of Twitter accounts and a blog maintained by the Financial Times were hacked Friday, the latest in a series of cyberattacks claimed by the Syrian Electronic Army, a pro-government group which has regularly targeted media organizations it sees as sympathetic to the country's rebels. A few of the ...
Canada trying to lure Silicon Valley tech workers
The Canadian government has launched an aggressive campaign to lure Silicon Valley tech workers frustrated by U.S. visa policies northward, just as Congress wrestles with a long-sought overhaul of America's immigration system. Canada's minister of citizenship, immigration and multiculturalism, Jason Kenney, arrived in the San Francisco Bay area Friday for ...
Google challenger in Vietnam redirecting queries
A Russian-financed search engine seeking to challenge Google's dominance in Vietnam is redirecting queries for some politically sensitive terms to the American company's search engine, apparently as a way of avoiding government anger or legal liability for sending surfers to sites containing criticism of the ruling party. The move Thursday ...
Dell's dismal 1Q illuminates PC maker's challenges
Dell's financial decay worsened during its latest quarter as the company slashed its personal computer prices in response to the growing popularity of smartphones and tablets. The dismal performance announced Thursday provided the latest evidence of a technological shift that is making it difficult to sell laptop and desktop machines. ...
Sector Snap: Makers of computer networking gear
Investors snapped up the stocks of companies that make computer networking gear Thursday after industry leader Cisco Systems Inc.'s latest quarterly earnings raised hope that business is picking up after a long stretch of lackluster demand. Cisco led the rally as its shares surged to their biggest one-day gain in ...
INFLUENCE GAME: Tech, labor spar on immigration
To the U.S. technology industry, there's a dramatic shortfall in the number of Americans skilled in computer programming and engineering that is hampering business. To unions and some Democrats, it's more sinister: The push by Facebook's Mark Zuckerberg to expand the number of visas for high-tech foreign workers is an ...
UK court jails 4 Lulzsec hackers for cyberattacks
Four young computer hackers who masterminded cyberattacks on targets from the CIA to Sony Pictures and Rupert Murdoch's News International were sentenced to up to 32 months in prison on Thursday. The hackers, who were affiliated with the group Lulz Security, had all pleaded guilty to hacking charges. Prosecutors say ...
Lawmakers accuse Google of dishonesty over taxes
U.K. lawmakers subjected search giant Google to blistering criticism Thursday, accusing the U.S. Internet company of playing games with Britain's tax rules to avoid paying what it owed. In his second appearance before Parliament in roughly six months, Google Vice President Matt Brittin tried to defend his company's complex corporate ...
Apple says App Store hit 50 billion downloads
Apple says its customers have downloaded more than 50 billon applications from its App Store since its launch in 2008. Apple Inc. said Thursday that the 50 billionth download was a game called "Say the Same Thing" by Space Inch. The App Store had 500 apps when it first opened. ...
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