Technology News


Symantec in talks to sell Veritas storage unit to Carlyle: source

- Software security company Symantec Corp is in talks to sell its Veritas data storage business to private equity firm Carlyle Group LP , a person familiar with the matter said on Tuesday.

Recent Technology News

Fate of global rare earth miners rests on China smuggling crackdown

BEIJING - The fate of debt-ridden U.S. rare earth miner Molycorp rests on China's efforts to crack down on networks that smuggled as much as 40,000 tonnes of the vital technology metals out of the country last year, driving down global prices.

07 Jul 2015

India IT outsourcing firms seek booster shot from Obamacare

MUMBAI - India's IT outsourcing firms are betting on U.S. President Barack Obama's healthcare reform to rev up revenue growth which is slowing as the $146 billion industry's key financial and manufacturing clients spend less on software services.

07 Jul 2015

Oracle says Rimini Street copyright trial to begin in September

- Oracle Corp said its copyright infringement lawsuit against software support services company Rimini Street Inc and the smaller rival's Chief Executive Seth Ravin would go to trial in September.

Facebook to build new data center in Fort Worth

SAN FRANCISCO - Facebook Inc announced plans on Tuesday to build a new data center in Fort Worth, Texas, its fourth in the United States and fifth overall.

Facebook 07 Jul 2015

Gartner cuts worldwide device shipment growth forecast for 2015

- Research firm Gartner Inc said worldwide shipment of devices such as PCs, tablets and smartphones is expected to grow by 1.5 percent to 2.5 billion units this year, slower than the 2.8 percent it forecast earlier.

07 Jul 2015