Business Tech

IBM Posts Higher Q4 Net Income

IBM's fourth-quarter net income grew 6 percent, beating Wall Street expectations even though revenue declined.

Dell May Buy IBM's Low-End Server Business

IBM is looking into the possible sale of its low-end server unit, sources close to the discussions told the Wall Street Journal.

Facebook to Produce Own News Service

Facebook may finally be about to launch a news reading service built for mobile devices.

Intel Predicts Flat Sales for 2014

Intel reported quarterly sales Thursday that slightly beat Wall Street estimates but earnings that were slightly lower than analysts had expected, with little change expected this year.

Nu Skin Plummts on China Investigation

Nu Skin Enterprises shares plunged Thursday on concerns over an investigation by Chinese authorities into 'brain washing' and a potential pyramid scheme.

Marissa Mayer's COO Leaves Yahoo

Yahoo says its chief operating officer, Henrique de Castro, is leaving the company effective Thursday, with no replacement named.

IBM Leads in U.S. in Patent Awards for 21st Year

IBM was granted 6,809 patents in 2013, leading the nation for the 21st year in a row, a survey by a patent-tracking firm has found.

Google to Buy Nest Labs for $3.2 Billion

Google will pay $3.2 billion to buy Nest Labs, which develops high-tech versions of mundane devices such as thermostats and smoke detectors, in its most costly acquisition ever.

Microsoft to Unveil Windows 'Threshold' in April

Microsoft's Windows team is expected to reveal its Windows Threshold plans at its Build conference in San Francisco in April.

IBM to Invest $1 Billion in Watson Supercomputer Division

IBM will invest $1 billion in creating a new division for its Jeopardy TV quiz show-winning Watson supercomputer, sources said.

Google Launches Ferry Service for Employees

Google has launched a free service aboard an 83-foot, Wi-Fi-equipped catamaran for its workers who commute between San Francisco and Silicon Valley.

Twitter Stock Continues to Tumble

Twitter's stock price continued a recent decline on Wednesday, closing down 3.5 percent to $59.29 after an analyst lowered the short messaging service's rating on concerns that its stock price is too high.

Sony Corporation Claims It Sold 4.2 Million PS4s in 2013

Sony Computer Entertainment announced that estimated cumulative sales of its PlayStation 4 games console have reached 4.2 million as of Dec. 28, 2013.

AT&T Tosses T-Mobile CEO Out of Party

T-Mobile's CEO John Legere crashed a party thrown by AT&T at the International CES gadget show in Las Vegas and got 86'd after being discovered.

Google, Other Tech Firms to Pay to Use S.F. Bus Stops

Following angry blockades of buses carrying tech workers to and from Silicon Valley, shuttle operators for Google, Facebook and other companies have agreed to pay hundreds of thousands of dollars over the next 18 months to continue using spots reserved for public transportation.

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