Technology News Headlines

Tue, Aug 26 2014

Kleiner to invest in messaging startup Snapchat at near-$10 billion valuation: report

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SAN FRANCISCO - Venture capital firm Kleiner Perkins Caufield & Byer has agreed to invest in fast-growing messaging startup Snapchat at a valuation close to $10 billion, the Wall Street Journal reported on Tuesday, citing people with knowledge of the matter.

Tech, Deals, Media 26 Aug 2014

Apple planning 12.9-inch iPad for 2015: Bloomberg

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SAN FRANCISCO - Apple Inc is preparing to roll out a larger, 12.9-inch version of its iPad for 2015, with production set to begin in the first quarter of next year, Bloomberg cited people with knowledge of the matter as saying on Tuesday.

26 Aug 2014

Exclusive: Chipmaker Qualcomm may face EU antitrust probe - sources

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BRUSSELS - Qualcomm, the world's No. 1 mobile chipmaker, may face a European investigation related to a four-year-old complaint from a subsidiary of rival Nvidia Corp, three people familiar with the matter said on Tuesday.

Google buys video-processing service provider Zync Render

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- Google Inc said it bought Zync Render, the visual effects cloud-rendering technology company behind "Star Trek Into Darkness".

Tech, Deals 26 Aug 2014

Fund managers look to make room for Alibaba

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SAN FRANCISCO/NEW YORK - Investors are looking over portfolios to make room for Chinese e-commerce giant Alibaba Group Holdings Inc's market debut next month - and that means some less attractive stocks that funds are holding might be shown the door.

Tech, Deals, Media 26 Aug 2014

China's Wanda, Tencent and Baidu team up for $813 million e-commerce deal-sources

BEIJING - China's privately-held Dalian Wanda Group is set to launch a 5 billion yuan ($813 million) e-commerce joint venture with domestic internet giants Tencent Holdings Ltd and Baidu Inc, according to two sources familiar with the investment.

3:50am EDT

RadioShack shareholder negotiating rescue package: Bloomberg

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- RadioShack Corp's second-largest shareholder, Standard General LP, is negotiating a rescue package with investors to help the consumer electronics retailer ward off bankruptcy, Bloomberg reported, citing people with knowledge of the matter.

Tech, Deals 26 Aug 2014

AT&T merges wireless and business units led by de la Vega

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WASHINGTON - AT&T Inc is merging its wireless and business divisions into a single unit led by Ralph de la Vega, former chief executive of the company's wireless segment, a spokesman for AT&T said on Tuesday.

Tech, Media 26 Aug 2014

TiVo beats estimates on strong subscriber growth

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- Digital video recorder maker TiVo Inc reported better-than-expected quarterly profit and revenue due to strong growth in subscribers through cable TV partners such as Virgin Media in the UK, ONO in Spain and Com Hem AB in Sweden.

Tech, Media 26 Aug 2014

Telecom Italia to go ahead with bid for Vivendi's GVT

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MILAN - Telecom Italia will make a bid valued at roughly 7 billion euros ($9.2 billion) for Vivendi's Brazilian broadband unit GVT , which would leave Vivendi with a 15 to 20 percent stake in the Italian group, said four people familiar with the matter.

26 Aug 2014
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Key retirements mean a changing of the guard next year in U.S. Congress

Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.