May 22nd, 2012 at 10:57am Under Technology
After years of mortifying missteps, Yahoo Inc. finally has something to boast about: a multibillion-dollar windfall from a savvy investment in China.
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May 22nd, 2012 at 10:57am Under Technology
Google is planning to complete its $12.5 billion acquisition of cell phone maker Motorola Mobility Holdings before Wednesday.
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May 22nd, 2012 at 10:57am Under Technology
Cable TV companies are trying to give their customers another reason not to cancel their service: better access to Wi-Fi hotspots.
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May 22nd, 2012 at 10:57am Under Technology
A former Boston University student who was ordered to pay $675,000 for illegally downloading and sharing 30 songs on the Internet says he will continue fighting the penalty, despite the Supreme Court’s refusal Monday to hear his appeal.
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May 22nd, 2012 at 10:57am Under Technology
Chinese cartoonist Carol Liu Hong built her studio from scratch, doing post-production work for TV commercials and then, once she broke even, realizing her dream of creating cartoons for Chinese kids.
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May 22nd, 2012 at 10:57am Under Technology
Have you always dreamed of being a DJ? Well, even if you thought becoming a spin master just was not in the cards for you, you might just change your mind when you witness the free Turntable.fm app for Android. It’s a social music app made for getting the party started on your mobile device. You can unleash your inner DJ to entertain your online fan club.
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May 22nd, 2012 at 10:57am Under Technology
Microsoft’s upcoming Windows 8 series — featuring an upgraded cloud computing service — marks a “rebirth” of its operating systems, chief executive Steve Ballmer said on Tuesday.
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May 22nd, 2012 at 10:57am Under Technology
NEW YORK (Reuters) - Nasdaq OMX faces short-term costs from its botched handling of Facebook shares on their first day of trading but the longer term repercussions could be more expensive as it struggles to restore its image. Initially, the exchange said it plans to set aside $13 million to resolve bad trades, and even if all of that was used, the cost would be minimal compared with the $387 million in net income it reported last year. The bigger hit to Nasdaq’s business is likely to come from the damage done to its reputation by the stumble. …
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May 22nd, 2012 at 10:57am Under Technology
(Reuters) - Facebook shares sank 11 percent in the first day of trading without the full support of the company’s underwriters, leaving some investors down almost 25 percent from where they were Friday and driving others to switch back to more established stocks. Facebook’s debut was beset by problems, so much so that Nasdaq said on Monday it was changing its IPO procedures. That may comfort companies considering a listing, but does it little for Facebook, whose lead underwriter, Morgan Stanley, had to step in and defend the $38 offering price on the open market. …
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May 22nd, 2012 at 10:57am Under Technology
(Reuters) - In the run-up to Facebook’s $16 billion IPO, Morgan Stanley, the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank’s consumer Internet analyst, Scott Devitt, was reducing his revenue forecasts for the company. The sudden caution very close to the huge initial public offering, and while an investor roadshow was underway, was a big shock to some, said two investors who were advised of the revised forecast. …
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