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TECH

Yahoo! board re-elected, Bartz comes under fire

AFP, Published on 24/06/2011

» Yahoo! chief executive Carol Bartz defended her turnaround efforts at the Internet pioneer Thursday and won the endorsement of the company's chairman and shareholders.

TECH

US venture capitalists oppose 'rogue website' bill

AFP, Published on 24/06/2011

» A group of top US venture capitalists has written a letter to the US Congress opposing a bill aimed at cracking down on websites selling pirated and counterfeit goods.

TECH

LinkedIn seeking to raise $274 million

AFP, Published on 09/05/2011

» LinkedIn said Monday that it plans to offer 7.84 million shares priced at between $32 and $35 as it becomes the first major US social network to go public.

TECH

China's Jiayuan has date with Wall Street

AFP, Published on 11/05/2011

» China's top online dating site, Jiayuan, is seeking to raise nearly $78 million with an initial public offering on Wall Street on Wednesday.

TECH

eBay may use Skype money for acquisitions: CEO

AFP, Published on 24/05/2011

» EBay may use some of the $2.4 billion it will receive from the sale of its stake in Skype to make acquisitions, the chief executive of the online auction giant said in an interview published Monday.

TECH

Level 3 buying Global Crossing in $3 bn deal

AFP, Published on 11/04/2011

» Internet provider Level 3 Communications announced Monday it is acquiring networking company Global Crossing in a stock deal valued at $3 billion, the latest consolidation in the telecom sector.

TECH

Telefonica to cut workforce in Spain by 20%

AFP, Published on 14/04/2011

» Spanish telecoms giant Telefonica said on Thursday it plans to cut its workforce in Spain by about 20 percent, or some 6,000 people, over the next three years as a cost-cutting measure.

TECH

Google shares slide as profit falls short

AFP, Published on 15/04/2011

» Google shares fell in after-hours trading on Thursday as the Internet giant's earnings came in slightly below Wall Street expectations, dragged down by rising operating expenses.

TECH

Groupon's public valuation 'close to $20 bn'

AFP, Published on 15/04/2011

» US coupon deals website Groupon will likely pick Goldman Sachs Group and Morgan Stanley to be principal underwriters for its public offering later in the year, valuing the company at up to $20 billion, according to the Wall Street Journal.

TECH

Vegetarian magazine defends meat photos

AFP, Published on 16/04/2011

» A US vegetarian magazine has defended its use of pictures of meat to illustrate vegan dishes as a necessity brought about by cooking up a publication on a tight budget.