Business Tech

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.

Global Tech Spending to Fall in 2014

Global spending on technology is expected to slip this year because of lower prices.

Twitter Tanks on Ad Revenue Worries

Twitter Inc. shares fell sharply Monday after a Morgan Stanley analyst lowered his investment rating on the social media's stock, saying that advertisers are more likely to spend their ad dollars on Twitter's larger rivals first.

Twitter Tumbles for 2nd Day

Shares of Twitter fell on Monday, returning its stock price to a level last seen on Dec. 20.

BlackBerry Posts $4.4 Billion Quarterly Net Loss

BlackBerry's new chief executive, John Chen, signaled a new strategy focusing on providing secure email and device management to large businesses as the company revenues plunged 56 percent.

Facebook to Sell 70 Million Shares

Facebook plans to offer 70 million shares of its Class A stock in a sale that includes more than 41 million shares from chairman and CEO Mark Zuckerberg.

Meg Whitman Gets Raise From $1 to $1.5 Million

Meg Whitman, CEO at Hewlett-Packard, has received a hefty salary bump just in time for a happy holiday season even though HP's annual revenue has fallen by 12 percent over the past two years.

BlackBerry Sheds More Execs

BlackBerry is losing its head of global sales and two other top executives just days before quarterly figures are expected to show steep losses.

Google Extends Its Robotics Arm

Google has bought eight companies that specialize in robotics this year and is assembling them into a new robotics division headed by Andy Rubin, who oversaw Google's development of Android.

Apple Supplier Improving, Labor Group Says

A labor group monitoring three Chinese factories that make Apple products says working conditions have steadily improved in the last 18 months, but more must be done to reduce the amount of overtime that employees work.

Verizon Buying Content Delivery Company EdgeCast

Verizon announced it's acquiring content delivery company EdgeCast.

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