Technology News Headlines
Tue, Jul 2 2013
Founder told to sweeten offer for Dell as Icahn ups the stakes
NEW YORK - Michael Dell has been advised to raise his $24.4 billion offer for Dell Inc, coming under further pressure as billionaire investor Carl Icahn revealed he had committed more than $3 billion to back an alternative proposal.
Yahoo buys mobile app co Qwiki
- Yahoo Inc said that it will buy Qwiki Inc, a mobile app for creating videos in Apple Inc's iPhone, as it tries to increase its presence in the world of smartphones and tablets.
Apple hires former Yves Saint Laurent CEO for 'special projects'
SAN FRANCISCO - Apple Inc has hired the former chief executive of French luxury group Yves Saint Laurent for "special projects" reporting to Chief Executive Officer Tim Cook.
Oklahoma, Nebraska press Google to stop ads for illegal products
WASHINGTON - Nebraska and Oklahoma on Tuesday joined Mississippi in pressuring Google Inc to crack down on Internet advertisements for drugs, including powerful painkillers, that are sold without a prescription, and other counterfeit products.
IRS battles tech companies over 2004 offshore tax holiday
WASHINGTON - The Internal Revenue Service and two technology firms are fighting in court over tax bills from a 2004 corporate tax holiday, with other multinationals watching closely for a result that could come any day, said tax lawyers.
Zynga, seeking salvation, names Microsoft Xbox head as CEO
SAN FRANCISCO - Zynga Inc's decision to bring in the head of Microsoft Corp's Xbox business to replace founder Mark Pincus is a bold stroke that was hailed on Wall Street, but it still leaves questions as to who is ultimately in charge at the troubled game-maker. | Video
Telecom Italia, Hutchison talks stalled ahead of board meeting: sources
MILAN/PARIS - Hutchison Whampoa is losing patience with Telecom Italia over lack of progress on a proposed merger of their Italian mobile phone units, people familiar with the talks said, casting doubt on prospects for a deal.
JP Morgan leads Nokia's 1.2 billion euro acquisition loan: sources
LONDON - JP Morgan is leading the 1.2 billion euro ($1.56 billion) loan backing Finnish mobile handset maker Nokia's 1.7 billion euro acquisition of Siemens' 50 percent stake in joint-venture Nokia Siemens Networks (NSN), banking sources said.
Analysis: Investors buy into software-defined networks, will customers follow?
- As Superstorm Sandy bore down on the East coast last year, companies with data centers in its path needed another location fast. But moving computer servers is tricky, and usually planned over days or weeks.
Bahrain to study restrictions on VoIP services
DUBAI - Bahrain is to study whether to restrict Internet-based telecom services, the communications minister of the restive Arab state told Reuters, although no final decision was imminent.
McCain, Biden coming together for Sedona, Arizona forum
These days Washington is not known for bipartisanship, but every now and then a breakthrough is made. It is noteworthy that Vice President Joe Biden, a Democrat, and Senator John McCain, a Republican, are appearing together at a forum in Sedona, Arizona on Friday.
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