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Verizon to buy Yahoo's core business for $4.8 billion in digital ad push

NEW YORK/SAN FRANCISCO Verizon Communications Inc said on Monday it would buy Yahoo Inc's core internet properties for $4.83 billion in cash, marking the end of the line for a storied Web pioneer and setting the stage for a big new internet push by the telecom giant. | Video

Recent Technology News

SK Hynix tips first-half pickup after sharp second-quarter profit drop

SEOUL South Korean memory chip maker SK Hynix Inc on Tuesday tipped a strong pickup in DRAM memory chips for mobile devices in the second half after its second-quarter operating profit fell to its lowest in more than three years.

Jul 25 2016

Zenefits fined $62,500 by Tennessee regulators in first settlement on licensing

SAN FRANCISCO Software startup Zenefits must pay the state of Tennessee $62,500 for violating insurance requirements, state officials said on Monday, marking the first settlement with regulators as the scandal-hit company seeks to redeem itself after revelations it had flouted the law.

Jul 25 2016

SoftBank's robot Pepper to be rolled out in Taiwan later this year

TAIPEI SoftBank Corp's human-like robot Pepper will be rolled out in Taiwan later this year with about 100 rented units making their appearance in some banks and Carrefour SA shops, executives handling Pepper's sales in the island said on Monday.

Jul 25 2016

Sprint says to be cash-flow positive next year, shares soar

Sprint Corp reported better-than-expected first-quarter revenue as big discounts attracted more postpaid subscribers, and the No. 4 U.S. wireless carrier said it expected to be cash flow positive next fiscal year after breaking even this year.

Jul 25 2016

Facebook, Twitter co-operated with Brazil probe of alleged militants

RIO DE JANEIRO The judge overseeing the probe that led to the arrest last week of suspected Islamist militants in Brazil said Facebook Inc. and Twitter Inc. co-operated with investigators by providing information about the suspects' use of both social networks.

World, Brazil, Facebook, Twitter Jul 25 2016