Business Tech

Microsoft Shortens CEO List

Microsoft has reportedly struck a few names from the list of potential successors to CEO Steve Ballmer.


Activision Climbs on 'Call of Duty' Sales

Shares of Activision Blizzard climbed Wednesday after the video game publisher sold $1 billion of its latest "Call of Duty" title into retail stores on the game's first day.


Twitter Chooses Barclays to Coordinate IPO

When Twitter goes public on the floor of the New York Stock Exchange, it will trade under the supervision of Barclays Capital.


AOL Posts Less Income, More Revenue

AOL posted a sharp profit decline in the third-quarter Tuesday, due in part to a write-down related to its Patch news service, but saw increases in ad revenue and share value.


Twitter Offering Leads IPO Fever on Wall Street

Investors are eager again to buy into initial public offerings. Twitter is this week's star, but the number of IPOs indicates that it isn't just social media companies that are seeking and attracting investors.


Twitter Raises IPO Share Price

Twitter raised its IPO range to $23-25 per share in a filing with the U.S. Securities and Exchange Commission.


BlackBerry Abandons Sale Process, CEO Out

BlackBerry's CEO Thorsten Heins is stepping down after Fairfax announced it won't buy the struggling company.


Digital Marketing Startup Gets $5 Million in Backing

Revenew, a Palatine-based digital marketing startup founded by a former Motorola executive, said Wednesday it has raised $5 million in venture capital from a group of Midwestern investors.


Samsung Fined for Fake Online Reviews

Taiwan has levied fines against South Korean smartphone maker Samsung for slamming the products of rival HTC in fake online reviews.


Twitter IPO Pegged at Modest $11 Billion

Seeking to avoid a repeat of Facebook's public debut debacle, Twitter revealed more modest ambitions, saying its initial offering would raise up to $1.6 billion and value the company at up to about $11 billion.


Microsoft, Tech Earnings Push Stocks Up

Earnings gains from big U.S. companies are pushing the stock market higher in Friday trading, with Microsoft leading the Dow after reporting rising sales of tablet computers.


Twitter Set at $17-$20 a Share for IPO

Twitter has set a price range of $17 to $20 per share for its initial public offering, a conservative price considering that Twitter is poised to pull off the year's hottest IPO.


Microsoft Profit, Sales, Shares All Jump

Microsoft posted quarterly revenue and earnings Thursday that easily topped Wall Street forecasts, marking a healthy start to a companywide overhaul that should help the software giant transform into a devices and services company.


Bill Gates Won't Be Back as Microsoft CEO: Buffett

Warren Buffett says there's no chance his friend Bill Gates will return to lead Microsoft as CEO.


Netflix Earnings Soar on Big Q3

Netflix's earnings quadrupled as the Internet video service's lineup of original programming helped attract 1.3 million more U.S. subscribers during its latest quarter.


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