Articles by Staff Reporter
Facebook to Close IPO Books Tuesday
Facebook Inc will close the books on its mammoth $10.6 billion initial public offering Tuesday, according to a source familiar with the deal.
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Yahoo CEO Out, Investor Loeb Gets Board Seats
Yahoo Inc is replacing its CEO for the third time in as many years, and giving three board seats to a hedge fund led by Daniel Loeb, putting him in a strong position to influence strategy at the struggling Internet company.
Viddy Gets $30 Million Funding, Aims to Stand out from Competition
Viddy, the popular mobile video start-up, announced on Friday it has raised a hefty $30 million from institutional investors to bolster its expansion efforts in the face of stiff competition from Socialcam, a similar video-sharing service.
Insight: Salesforce's Plan for Opulent Campus a Costly Debacle
In early 2010, Marc Benioff, founder and chief executive of Salesforce.com, summoned several of his top real estate and finance executives to his San Francisco home to float a bold idea.
Wireless Carriers Eye Solutions to Spectrum Crunch
Top U.S. mobile operators are turning to a new type of equipment known as small cells to boost network capacity in the face of a shortage of wireless spectrum.
Facebook Co-Founder Saverin Renounces Citizenship
Facebook Inc co-founder Eduardo Saverin has renounced his U.S. citizenship, according to an Internal Revenue Service report, days before the company's initial public offering.
Huawei Gearing up to Take on Cisco on Its Home Turf
Huawei's head of research and development in North America said his company is more than ready to take on larger rival Cisco Systems but noted it will take some patience -- and time.
Facebook's Zuckerberg Says Mobile First Priority
Facebook CEO Mark Zuckerberg, whose limited role in promoting the No. 1 social network's market debut has drawn criticism, laid out its growth strategy to investors on Friday, saying that transforming its mobile and advertising experience are top priorities in 2012.
Facebook Listing Could Trigger IPO Surge: Nasdaq
Nasdaq OMX Group Inc is looking forward to a spike in the number of companies going public in the near term as they look to take advantage of the market buzz created by Facebook's listing next week, an executive at Nasdaq said on Thursday.
Google, Twitter Quizzed on Facebook-Instagram: Source
The U.S. Federal Trade Commission has reached out to Google Inc and Twitter in an investigation into Facebook Inc's $1 billion acquisition of photo-sharing service Instagram, a source familiar with the probe told Reuters.
Online Music Storage Firm MP3tunes Files for Bankruptcy
Online music storage firm MP3tunes Inc filed for bankruptcy in a U.S. court, following its prolonged run-in with music publishing giant EMI Group over copyright issues, court filings showed.
Yahoo CEO Says He Never Provided a Resume: Source
Yahoo Inc Chief Executive Scott Thompson, at the centre of a row over his educational qualifications, told his top executives on Thursday he never provided a resume or incorrect information to Yahoo, a source familiar with the situation said.
Analysis: Facebook Friends Itau BBA in Nod to Brazil Growth
For most people, Facebook is a way to connect with friends and family all over the globe. For Brazilian investment bank Itaú BBA, Facebook could help it forge connections with the elite banks that handle the world's biggest financial deals.
Facebook's IPO Already Oversubscribed: Source
Facebook Inc's record initial public offering is already oversubscribed, a source familiar with the share listing said, days after the world's largest social network embarked on a cross-country roadshow to drum up investor enthusiasm.
HTC Droid Incredible 4G LTE Coming to Verizon: What You Need to Know
Following the early leaks in April, HTC and Verizon have officially launched the Droid Incredible 4G LTE. HTC Droid Incredible 4G LTE has received the top spotlight at New Orleans' CTIA Wireless 2012 event. However, it is not one of those One series smartphones, but holding it in your hands you might never know it.
Singtel Sees more Deals to Boost Digital Content
Singapore Telecommunications Ltd , Southeast Asia's largest telecoms firm, said on Thursday it expects to make a fairly large number of acquisitions to gain access to digital content but may incur some start-up losses.
Investor Wants Yahoo CFO or Media Boss as Temp CEO
Yahoo Inc's largest outside shareholder said the Internet company should make its finance chief or head of media the interim chief executive because of the controversy surrounding CEO Scott Thompson's educational background.
Facebook to Sell Apps Through New Online Hub
Facebook Inc unveiled a new hub for consumers to find games and other apps on the social network, including its first storefront for selling paid apps, in the company's latest effort to expand the ways it makes money from its massive audience.
Deutsche Telekom U.S. Customer Exodus Slows
Deutsche Telekom reported better-than-expected quarterly core earnings on Thursday as it lost fewer customers in the United States and signaled a stabilization in its European business.
Nokia Loses UK Court Appeal, Sees No Sales Impact
A British court dismissed Nokia's appeal against a June 2011 High Court ruling which found the Finnish mobile phone maker was infringing a patent of Germany's IPCom.
RIM Fills Long-Vacant Chief Marketing Job
Research In Motion Ltd named a pair of wireless industry veterans to senior management roles on Tuesday as it prepares for the make-or-break launch of its next-generation BlackBerry 10 smartphones later this year.
Facebook Changes IPO Pitch in Boston, Scraps Video
Facebook Inc's initial public offering pitch played to some bad reviews in New York, so for its Boston audience on Tuesday, the 30-minute video was scrapped and the company took more questions from analysts and potential investors.
Alternatives to Youtube Catch on with Mobile Crowd
Like many musicians looking for that big break, 24-year-old Angeleno Felice Lazae turned to YouTube for years to promote her songs -- with modest success, at one point getting more than 100,000 views on her cover of an Alicia Keys hit.
At&t Plans Small Cell Tests Around Year End
AT&T Inc plans to start testing new wireless network devices known as "small cells" later this year hoping to boost its network coverage, a top executive for the telephone company said on Tuesday.
Twitter Fights Request for Occupy Protester's Data
Twitter Inc filed a motion in a New York criminal court on Tuesday seeking to quash a subpoena for Tweets and account records associated with Malcolm Harris, a Twitter user who was arrested last fall on the Brooklyn Bridge during an Occupy protest.
Sprint Announces New Mobile Ad Policy
Sprint Nextel plans to create a new mobile advertising policy to reassure customers that they have control over whether or not they receive ads on their cellphone, in an effort to improve consumer trust in wireless service providers.
Yahoo Director Who Led CEO Search Won't Seek Re-Election: Source
Yahoo Inc director Patti Hart, who led the hiring of CEO Scott Thompson, will give up her seat on Yahoo's board as the Internet company launches an investigation into the chief executive's educational background.
