Headline Feeds|
Light Dims at the End of LightSquared's Tunnel February 15, 2012 
The FCC indicated it will not approve LightSquared's network, as it would interfere with GPS signals used by planes, boats and cars throughout the U.S. The FCC's approval of LightSquared's plans was conditional on resolving those interference issues. LightSquared's high-speed network would have served as many as 260 million people.
|
Senate Bill Would Give DHS a Cybersecurity Whip February 15, 2012 
A bipartisan group of senators has proposed legislation that would give the United States Department of Homeland Security increased power over critical IT infrastructure owned by the private sector. The Cybersecurity Act of 2012 was introduced in the Senate Tuesday by Senator Joseph Lieberman, chairman of the Homeland Security and Governmental Affairs Committee.
|
|
Zynga Reports Tough Quarter but May Be Playing a Long Game February 15, 2012 
Online game maker Zynga reported a net loss during its first quarter as a publicly traded company, due mostly to heavy stock compensation from its IPO and an increase in research and development costs. Revenue at Zynga, however, was up 59 percent during the last three months of 2011.
|
Yahoo's Asian Negotiations Fly Off the Tracks February 15, 2012 
A deal worth billions to Yahoo has reportedly hit a snag. The deal between Yahoo and two of its Asian partners, China's Alibaba Group and Japan's SoftBank, has reached an impasse. The accord would, among other things, save Yahoo $4 billion in U.S. taxes.
|
|
Making the Cloud Conventional February 15, 2012 
Last week Oracle bought the HR SaaS company Taleo for $1.9 billion, which to me means it's time to do you-know-what to the fire and call in the dogs. This hunt is officially over and out. The hunt in question is for legitimacy and primacy of the SaaS and cloud computing model.
|
Android, China Woes Can't Keep Apple Down February 15, 2012 
Apple's stock leaped above the $500 mark this week, closing Tuesday at $509.46 amid a period of continued growth following the strong holiday sales season the company recently reported. Shares have climbed 17 percent over the past month, rising on 11 out of the past 14 days since the company reported its last record-breaking quarterly earnings report.
|
|
Google, Motorola Union Gets US, EC Blessings February 14, 2012 
Google has cleared a significant hurdle in what will perhaps be its greatest prize yet: its $12.5 billion acquisition of Motorola Mobility. The deal has gotten the green light from both U.S. and European regulators. Their approval did not come without some words of caution about making sure that critical patents are licensed at fair prices.
|
Apple Sends Fair Labor Cops to Knock on Foxconn's Door February 13, 2012 
Apple on Monday announced that the Fair Labor Association, an industry group it joined a month ago, would conduct "special voluntary audits" of its final assembly suppliers. These include Foxconn factories in Shenzhen and Chengdu, China. Labor rights experts led by FLA president Auret van Heerden commenced the audit Monday at the Shenzhen facility called "Foxconn City," Apple stated.
|
|
Hedge Fund Manager Busted for Insider Trading of Tech Stocks February 13, 2012 
Doug Whitman, a hedge fund manager with Whitman Capital, has been charged with insider trading of tech stocks by federal prosecutors. The Securities and Exchange Commission is also pursuing Whitman in a parallel civil case. Whitman surrendered to the Federal Bureau of Investigation on Friday, pled not guilty at a hearing in federal court, and was released on a $1.5 million bond.
|
The Whens, Whats and Hows of iPad 3 February 11, 2012 
A Wall Street Journal report on Thursday gave Apple fans all the excuse they needed to indulge in some more speculation regarding the iPad 3 -- if that is its real name, and if whatever it is even exists. Apple's kind of tight-lipped about this stuff. At this moment in the tablet universe, it's hard to guess what kind of grand and monumental new features Apple would want to add to the iPad.
|
|
LinkedIn Delivers Sparkling Earnings Report, Bright Forecast February 10, 2012 
LinkedIn, the social network site for professionals, surprised the market on Thursday, reporting fourth-quarter sales that more than doubled its year-ago performance. Company executives forecast an even better 2012. Shares of LinkedIn rose more than 10 percent on the news. Revenue for the quarter ending Dec. 31 hit $167.7 million, up from $81.7 million in Q4 2010.
|
The Curious Case of LightSquared vs. GPS February 10, 2012 
Another government venue, another condemnation of LightSquared's planned 4G LTE network. U.S. Department of Transportation Deputy Secretary John Porcari told a congressional hearing on Wednesday that if LightSquared were to be deployed, the Federal Aviation Administration would have to constantly monitor some 40,000 broadcasting sites to make sure they did not affect air safety.
|
|
Oracle's $1.9B Taleo Deal Ratchets Up Competition in HR Space February 10, 2012 
Oracle has announced it is acquiring the cloud-based talent management provider
Taleo. It is paying $46 per share, or approximately $1.9 billion, net of Taleo's cash and debt. Taleo's board of directors has unanimously approved the transaction, which is expected to close mid-year 2012, subject to Taleo stockholder approval, certain regulatory approvals and other customary closing conditions.
|
Kodak Gives Up on Digital Camera Business February 09, 2012 
Kodak announced on Thursday that as a result of an ongoing strategic review process and commitment to drive profitability, it will phase out its digital cameras, pocket video cameras and picture frames in the first half of 2012. Kodak will expand its current brand licensing program and seek additional licensees.
|
|
EPIC Pushes FTC to Get in the Ring With Google February 09, 2012 
The fallout from changes Google plans to make to its privacy policies and terms of service continues, with consumer advocacy group the Electronic Privacy Information Center suing the Federal Trade Commission over the issue. EPIC is seeking injunctive and other relief to force the FTC to enforce a consent order it issued in October against Google.
|
Huge Pension Fund Grouses Over Facebook's Unbalanced Board February 09, 2012 
The California State Teachers' Retirement System has a gripe about the makeup of Facebook's board of directors: It is too small and too male. In fact, there are no women on the board. "We believe that investors and the company would benefit from a larger, more diverse board," CalSTRS corporate governance director Anne Sheehan wrote to Facebook founder and CEO Mark Zuckerberg.
|
See More Articles in Business Section >>
