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Friday, July 25, 2014

Technology Report: Facebook says SEC's IPO probe ends, extending WhatsApp closing date

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07/25/2014
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Facebook says SEC's IPO probe ends, extending WhatsApp closing date
(Reuters) - Facebook Inc said the U.S. Securities and Exchange Commission dropped its probe into the social networking company over events surrounding its controversial initial public offering.
Dell, BlackBerry downplay threat from Apple-IBM alliance
TORONTO (Reuters) - IBM Corp's recent move to partner with Apple Inc to sell iPhones and iPads loaded with corporate applications has excited investors in both companies, but two rivals say they are unperturbed for now.
Europe debates how far to push 'right to be forgotten'
PARIS/BRUSSELS (Reuters) - European regulators have not yet decided whether to try to force search engines such as Google and Microsoft's Bing to scrub results globally when people invoke their "right to be forgotten" in the region.
Cellphone unlocking bill clears U.S. House, heads to Obama
WASHINGTON (Reuters) - The U.S. House of Representatives approved legislation on Friday to give mobile-phone users the right to 'unlock' their devices and use them on competitors' wireless networks, something that is now technically illegal.
Cynk Tech shares crash after trading suspension ends
NEW YORK (Reuters) - Cynk Technology shares plummeted more than 80 percent on Friday after the end of a trading suspension, but the stock was only being exchanged in private deals.
IBM talks with Globalfoundries break down over price: Bloomberg
WASHINGTON (Reuters) - International Business Machines Corp's attempt to sell its slumping chip manufacturing business to Globalfoundries Inc deteriorated when the two companies failed to agree on a price, Bloomberg reported on Friday.
Seattle man gets 1-1/2 years for Microsoft insider trades
SEATTLE (Reuters) - An online stock trader who profited from inside information passed to him by a former Microsoft Corp finance employee was sentenced to 1-1/2 years in prison in Seattle on Friday.
Hedge fund Greenlight details short bets, still likes Apple
BOSTON (Reuters) - Hedge fund manager David Einhorn, whose picks are closely watched on Wall Street, said he is betting against supermarket chain Safeway Inc but still likes his biggest holdings, including Apple Inc.
Amazon's spending spree raises margin concerns
(Reuters) - Amazon.com Inc's heavy investment in content and technology to fight off deep-pocketed rivals is proving to be more costly than many had expected, raising fears that operating earnings will be remain under pressure indefinitely.
Lower printer sales hurt Xerox's revenue
(Reuters) - Xerox Corp reported a 2 percent fall in second-quarter revenue, hurt by lower demand in its printing business.
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