Business

Yahoo's 2013 Shopping Spree May Include Tumblr
May 18, 2013

Yahoo is reportedly looking to purchase microblogging platform and social networking website Tumblr for $1 billion. Tumblr is considered one of the coolest companies on the Internet because of its appeal to younger users -- the very demographic that Yahoo, which recently characterized its users as aging, is now attempting to reach.

Nintendo Scoops E3 With Previews of Upcoming Titles
May 17, 2013

Nintendo has once again gone straight to gamers with its latest Nintendo Direct video to generate hype for its latest offerings. The video game console maker and game publisher announced Friday that popular characters will arrive for the Nintendo Wii U and Nintendo 3DS handheld system. The latest Nintendo Direct primarily focused on games coming out this summer.

Lawmakers Ask for Clarity on Google Glass and Privacy
May 17, 2013

Eight members of Congress have sent a letter to Google asking about the privacy implications of Google Glass. The letter was sent from Rep. Joe Barton (R-Texas) and seven other lawmakers from the bipartisan Congressional Privacy Caucus. It asks Google whether users will be able to opt in to various proposed scenarios.

Dell's Weak Q1 Earnings Throw Fuel on Buyout Fire
May 17, 2013

Dell's quarterly earnings fell short of Wall Street expectations this week, leading to more questions about whether or not shareholders will accept Michael Dell's buyout offer and regroup as a private company. The PC maker reported a net income of $130 million, or 7 cents per share, during its most recent quarter.

Google Scolded on Taxes by British MPs
May 17, 2013

In what likely amounts to a combination of headline-chasing and genuine frustration, members of the British Parliament sounded off this week on Google and the company's tax practices. Margaret Hodge, chair of the public accounts committee, told Matt Brittin, Google's northern Europe boss, that Google's behavior on taxes was "devious" and "unethical."

Apple's Cook Heads to Washington to Talk Taxes
May 17, 2013

Apple CEO Tim Cook is scheduled to appear before a U.S. Senate committee next week to answer questions about his company parking profits offshore. In a notice for the May 21 hearing, the Permanent Subcommittee on Investigations said "representatives of a multinational corporation" would be appearing at the event, but a witness list wouldn't be available until Friday.

New Yorker Launches Strongbox Source-Protection Service
May 16, 2013

The New Yorker has launched Strongbox, an anonymous system for providing the publication with information, based on the open source DeadDrop program developed by the late Aaron Swartz and Kevin Poulsen. Strongbox can be thought of as an extension of the mailing address printed in small type on the magazine's inside cover, said The New Yorker.

Cisco's Data Center Sales Spark Q1 Earnings
May 16, 2013

Cisco's quarterly earnings report beat Wall Street expectations this week, giving investors a hint of confidence in the constantly evolving tech industry. The networking company reported a net income of $2.48 billion, or 46 cents per share. That's up from the $2.17 billion it earned during the same time last year. Revenue was up 5.4 percent to $12.22 billion.

Now It's the EU Harping on Huawei, ZTE
May 16, 2013

What next, Antarctica? Citing illegal subsidies, the European Commission is considering trade duties against Chinese telecommunications equipment makers Huawei and ZTE. This is but the latest headache for Huawei and ZTE. Between them, the U.S., Canada, Australia and India have all publicly voiced concerns about the duo.

German Court Orders Google to Clean Up Autocomplete
May 15, 2013

A federal court in Germany has told Google that it must remove offensive or defamatory suggestions from its autocomplete function when it receives a complaint. The case that prompted the ruling started with a German businessman who, upon culling through Google.de, found that he was associated with scientology and fraud.

Nokia Goes Slimmer, Shinier With New Lumia 925 Smartphone
May 14, 2013

Nokia on Tuesday unveiled the Lumia 925, which it described as a "new interpretation" of its flagship Lumia 920 smartphone. The Lumia 925 includes what the company claims is the most advanced lens technology and next-generation imaging software, which enables the phone to take the best low-light images.

Zact Connects Consumers to Customizable Wireless Plans
May 14, 2013

Zact, a startup that offers customized wireless plans, launched this week as the latest service provider to promise mobile customers more control over their monthly bills. The no-contract company allows users to pick and choose from data, talk and text limits per month, all from an app on their phone. A plan that Zact calls the "Sweet Spot" charges $27.09 per month for 500 minutes of talk.

France Considers Tech Tax to Fund Arts
May 14, 2013

Francois Hollande, France's president, is mulling a potential tax on smartphones, laptops and tablets in order to fund the nation's cherished cultural exception. The revenue generated from such a tax would be earmarked for the cultural exception, which supports French music, film and visual art. France currently spends north of $130 million a year funding these endeavors.

Mobile App Privacy Bill Likely to Languish
May 13, 2013

Rep. Hank Johnson, D-Ga., last week introduced into the House of Representatives a new bill that could considerably change mobile application development. The bipartisan Application Privacy, Protection and Security Act would require application developers to gain explicit consent from consumers before collecting their data.

ESPN May Give Its Wireless Users an Assist
May 13, 2013

ESPN is reportedly in talks with at least one wireless carrier to help subsidize data usage for customers who stream sports video content on their smartphones and tablets. News of the possible deal comes as more mobile device users are turning to their smartphones for data-intensive activities like playing games and watching videos.

China Bashes Apple for Tax Evasion
May 13, 2013

China has been having a good go at Apple lately, having slammed the company in March for substandard post-sale service and quickly following that up with charges of copyright infringement. The latest accusation: tax evasion. Oh, and pornography. Apple's online stores in China reportedly are not paying proper import taxes for software sold to Chinese customers.

Joe Tucci's Magic Turnaround Formula
May 13, 2013

I've been focused on and off on turnarounds since I covered IBM's from the inside out in the 1990s, so I don't know how I missed this, but EMC²'s turnaround was clearly a success, and its unique resulting organizational structure is incredibly subtle. The company is actually far more similar in breadth to HP than most folks realize, largely because they mix up EMC and EMC².

Aereo's Audacious Ambitions
May 13, 2013

Aereo -- the lawsuit-embattled company that provides Internet-streamed, live, and recorded over-the-air broadcast television content -- may have started a trend. None other than Time Warner may be considering the redistribution of public broadcast content over the Internet too. What it comes down to is that a bunch of micro-antennas in a Brooklyn warehouse may change everything.

Icahn Leads New Pitch to Win Dell Shareholders
May 11, 2013

Two of Dell's largest stockholders, Carl Icahn and Southeastern Asset Management, have teamed up to propose an alternative to Michael Dell's plans to take his computer company private. The new deal on the table, issued in a letter to board members, involves a leveraged recapitalization that will pay investors and keep them on as shareholders in a public company.

B&N Investors Salivate Over Microsoft Nook Deal
May 10, 2013

Barnes & Noble investors reacted with pure unadulterated joy to the possibility that Microsoft is considering entering the e-book market and will acquire the company's Nook unit for a whopping $1 billion. Shares rose by a dizzying 24 percent on Thursday, when the rumor surfaced. By the close of Friday trading, shares were up another 5.6 percent, at $23.31.