Technology News


Charter agrees to buy Time Warner Cable for $56 billion

- John Malone's Charter Communications Inc struck a $56 billion deal to buy Time Warner Cable Inc, seeking to combine the third and second largest U.S. cable operators to better compete against market leader Comcast Corp.

Recent Technology News

Amazon pays $16 million tax in Germany, while making $11.9 billion sales

LONDON - Internet retailer Inc.'s main German operating unit paid just 11.9 million euros ($16 million) in tax in 2014, despite the group recording $11.9 billion in sales to German customers last year, regulatory filings show.

8:36am EDT

EMC to buy Virtustream for $1.2 billion to expand cloud offerings

- Data storage products maker EMC Corp said it would buy privately held Virtustream for about $1.2 billion in cash to expand its cloud offerings.

9:21am EDT

Foxconn targets 10-12 facilities in India by 2020, chairman says

GUIYANG, China - Taiwan's Foxconn Technology Group, the world's largest contract electronics manufacturer, is aiming to develop 10-12 facilities in India, including factories and data centers, by 2020, company Chairman Terry Gou said on Tuesday.

7:52am EDT

Shake-up in key Samsung assets to cement heir's grip as succession looms

SEOUL - Samsung Group's de facto holding company on Tuesday sought another cornerstone as it reconstructs South Korea's biggest conglomerate to smooth the path for management succession, offering more than $8 billion to buy an affiliate with a key stake in flagship firm Samsung Electronics.

Deals, South Korea, 2:57am EDT

Plane safe? Hacker case points to deeper cyber issues

- Security researcher Chris Roberts made headlines last month when he was hauled off a plane in New York by the FBI and accused of hacking into flight controls via his underseat entertainment unit.

U.S., 25 May 2015