Business Tech

Cisco Snaps Up Sourcefire

Cisco is to buy cybersecurity firm Sourcefire for $2.7 billion, the networking equipment maker said Tuesday.


Telefonica to Buy 2nd German Mobile Network

Spain's Telefonica struck a deal Tuesday to buy the E-Plus mobile network in Germany for shares and $6.6 billion in cash.


Daniel Loeb Unloads Yahoo Shares, Departs Board

Daniel Loeb and two other directors who represented his Third Point Investors hedge fund will step down from the board at the end of this month, Yahoo announced Monday.


OC Firm May Advance Apple Products

A new patent covering technology invented by employees of Apple Inc. and a Rancho Santa Margarita company indicates they may be making progress toward commercializing a futuristic material that could lighten or strengthen future Apple gadgets.


Google Revenues Rise, Shares Sag

Google reported soaring revenues and profits on Thursday, with net earnings up 17 percent year over year -- yet shares slid as much as 5.6 percent.


Nokia Slows Losses Despite Sales Plunge in Q2

Nokia narrowed its net loss to $298 million in the second quarter, as lower tax and product development expenses outweighed a sharp drop in sales.


Nokia Narrows Losses Despite Tumbling Sales Background

Nokia narrowed its loss to $298 million (227 million euros) in the second quarter as lower expenses for taxes and product development outweighed a sharp drop in sales, the Finnish mobile phone maker said Thursday.


IBM Posts Lower Profit, Revenue

Technology services company IBM posted lower revenues and profits Wednesday but a hike in its forecast for full-year earnings sent its share price up in after-hours trading.


eBay Sales Up, Profits Down

EBay posted a rise in second-quarter sales Wednesday, but profits fell as a fierce rivalry with Amazon spurred rising costs.


Investors to Decide Dell's Direction

On Thursday morning, the shareholders of Dell Inc. will help decide what the future might look like for the largest private employer in Central Texas.


Ballmer Reveals Microsoft Sweeping Reorganization

CEO Steve Ballmer is restructuring the company to cope with a quickening pace of technological change.


Microsoft Enters Crucial Phase

The future of Microsoft, and how well it competes in a changing tech market, hangs at least in part on how well its reorganization is executed.


Infosys Shares See Boost on Earnings

Shares in India's Infosys Technologies rose by 11 percent Friday after the company reported better-than-expected earnings and maintained its yearly revenue growth outlook.


EU Suspects Internet Firms of Anti-competitive Behavior

The European Union carried out unannounced inspections upon some Internet service companies due to concerns they are abusing their dominant market positions.


Icahn Urges Dell Shareholders to Demand More Dough

Carl Icahn plans to seek a higher price for his Dell shares in court and urged other investors to do the same, in an effort to block founder Michael Dell's buyout offer ahead of a key shareholder meeting.


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