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Monday, March 10, 2014

Technology Report: EBay rejects Icahn board nominees, asks investors to do same

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03/10/2014
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EBay rejects Icahn board nominees, asks investors to do same
(Reuters) - EBay Inc on Monday rejected activist investor Carl Icahn's two nominees to its board, saying both were unqualified, and urged shareholders to vote against them at its next annual meeting.
Mt. Gox files for U.S. bankruptcy to halt class action
(Reuters) - Mt. Gox, once the world's largest bitcoin exchange, filed for U.S. bankruptcy protection in Dallas late Sunday, a move that will temporarily halt U.S. legal action against the Japanese company.
Snowden: reforms vindicate my classified data leaks
AUSTIN, Texas (Reuters) - Former security contractor Edward Snowden, addressing a sympathetic crowd at a tech-heavy Austin event on Monday from a secret location in Russia, said proposed reforms at the National Security Agency show that he was vindicated in leaking classified material.
T-Mobile US CFO says industry consolidation is inevitable
NEW YORK (Reuters) - T-Mobile US expects to engage in some form of cellular industry consolidation, the CFO of the United States' fourth-largest carrier said on Monday, boosting investor expectations that a merger with Sprint Corp could be on the horizon.
IBM CEO's take-home down 14 percent in 2013
(Reuters) - International Business Machine Corp Chief Executive Virginia Rometty was paid $13.97 million in 2013, down from $16.2 million she took home in 2012, according to documents filed with the SEC on Monday.
Warburg Pincus seeks buyer for software firm iParadigms: sources
NEW YORK (Reuters) - Private equity firm Warburg Pincus is looking to sell education software maker iParadigms and has tapped Evercore Partners Inc to assist with the effort, people familiar with the matter said on Monday.
Iliad profits soar, sees lift from merger of rivals
PARIS (Reuters) - Shares in French low-cost telecoms company Iliad soared 15 percent on Monday after it announced industry-beating sales and profit growth and signed what could be a transformative mobile network deal with larger rival Bouygues.
Hearing-aid apps pump up the volume, double as headphones
TORONTO (Reuters) - New smartphone apps that link to hearing aids are helping people with impaired hearing to pump up the volume on their devices or to use them as headphones to stream phone calls, YouTube videos and music.
Chinese state-owned firm offers to buy chipmaker Montage
(Reuters) - A Chinese state-owned company offered to buy Montage Technology Group, a Shanghai-based chipmaker, in a deal valued at about $600 million, roughly four months after failing to buy rival RDA Microelectronics Inc.
Proteus picks UK for 'smart pill' production and testing
LONDON (Reuters) - A U.S. biotech company pioneering tablets containing edible embedded microchips that can tell if patients have taken their medication is to establish its first international manufacturing site in Britain.
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