Quantcast
Home » Archives » Tech News (Page 258)

Facebook fighting off lawsuits over IPO flop

Facebook and its underwriters came under broad legal attack Wednesday as lawyers and investors filed lawsuits over Facebook’s controversy-marred initial public offering. At least three law firms said they were filing actions against Facebook and its underwriters after the $16 billion IPO flopped amid accusations that the lead underwriters and…

Mazda & Fiat to jointly produce sports car

Japanese automaker Mazda Motor and Italy’s Fiat said Wednesday that they have agreed to jointly produce a new two-seater sports car as part of a technology and product development alliance. The vehicle, which will use Mazda’s next-generation rear-wheel-drive technology, is to be sold under the Mazda and Alfa Romeobrands, the latter owned by Fiat, with some differences including an engine…

Cyber crooks cranking out new weapons, experts warn

Cyber criminals are cranking out new weapons at a brisk pace, tailoring malicious software for a spectrum of gadgets including smartphones, tablets, and Macintosh computers, a security firm said. A “threats report” released late Monday by McAfee showed that the number of new pieces of malicious code, or “malware,” targeting…

Dell profit plunges on disappointing sales

SAN FRANCISCO — US computer maker Dell on Tuesday reported a 33 percent drop in profits in a disappointing quarterly report for former market leader. The company, which has slipped to third place in the global PC market, said its profit in the first fiscal quarter fell to $635 million.…

American Express plants money trees in ‘Farmville’

SAN FRANCISCO — American Express on Tuesday began letting lovers of Zynga games plant money trees on “Farmville” acreage. The financial services titan known for high-status credit cards unveiled an alliance with the San Francisco based social games star. Players of Zynga’s popular “FarmVille” will be able to earn in-game…

Sen. Wyden: CISPA creates ‘a Cyber Industrial Complex’ to feed on private data

Speaking on the floor of the U.S. Senate on Monday evening, Sen. Ron Wyden (D-OR) highlighted the “understandable fear” driving legislation like the Cyber Intelligence Sharing and Protection Act (CISPA), but cautioned that the “gross negligence” of network operators is no reason to create “a Cyber Industrial Complex” that profits…

Microsoft sees ‘rebirth’ with new Windows 8 system

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. Ballmer described Windows 8 as the “deepest, broadest and most impactful” Windows software ever created by the US tech giant, after the current Windows 7 sold at…

LG Display builds new LCD plant in China

LG Display, one of the world’s largest flat screen makers, said Tuesday it had started work on a new liquid crystal display plant inChina, the world’s largest market for LCD televisions. The world’s second biggest liquid crystal display TV maker afterSamsung Electronics said commercial operation at the factory inGuangzhou would start in the second half of…

Former Yahoo! executive charged with insider trading

US regulators announced that a former Yahoo! executive has agreed to plead guilty in an insider trading scheme that involved leaking word of the Internet search giant’s pact with Microsoft. Robert Kwok was senior director of business management at Yahoo! in 2009 when the firm negotiated an alliance with Microsoft…

Judge scolds attorneys in Oracle vs. Google patent trial

SAN FRANCISCO — The judge presiding over a patent trial pitting Oracle against Google scolded rival attorneys on Monday as deliberating jurors grappled with subtleties of references in computer software code. US District Court Judge William Alsup’s patience was tried as Oracle and Google lawyers argued opposite responses to jury…

Google+