Search

Visa has dropped Global Payments from the list of companies that it deems compliant with its security policies following news that the third-party vendor experienced a security breach that could have compromised some 1.5 million Visa and MasterCard accounts. The breach first came to light at the end...

It finally has happened -- the number of U.S. mobile subscribers who own smartphones is just about equal to the number who own feature phones, according to new data. As of Feb. 2012, 49.7 percent of U.S. mobile subscribers carried a smartphone -- an increase of 38 percent from Feb. 2011, when only 3...

Yahoo has been at work developing a header solution that will implement Do Not Track compliance across its global network by early this summer. The news follows the final report released by the Federal Trade Commission this week that, among other points, calls on companies to make privacy options si...

Research In Motion's recently appointed CEO Thorsten Heins emerged from his self-imposed 10-week quiet period by dropping a number of bombshells. Former co-CEO Jim Balsillie has resigned from the board of directors. Several other executives, including Chief Technical Officer David Yach and Chief Ope...

Best Buy is taking an ax to its big box retail business model. The company plans to close 50 of its larger stores and test new store formats in San Antonio and Minneapolis. The formats will be so-called "connected stores" that will emphasize tech support and wireless products. They will feature chec...

It appears that Yahoo and shareholder Third Point are digging in for a contentious proxy fight. The companies have been tussling over who will fill four seats on the board of directors, with the two sides clashing on several points, including whether Third Point CEO Daniel Loeb should get one of th...

Zynga has inked a deal to acquire OMGPOP, maker of the wildly popular "Draw Something," as well as 35 other social games. When it joins the Zynga fold, OMGPOP will focus on building new mobile products for Zynga. The purchase price is estimated at $200-$250 million. Based on what is known about OMGP...

In a sweeping reorganization of its operations, HP is merging its Imaging and Printing Group with its Personal Systems Group, the unit that makes the company's computers. The news delivered a jolt to the industry when it leaked on Tuesday. Although HP's star has dimmed somewhat since its high-flying...

Facebook has apparently taken its massive user base and immense popularity to heart. The company reportedly is dictating to Wall Street underwriters what it will pay in fees for its $5 billion initial public offering. Typically, these fees would range from 3 percent to 7 percent of the offering. How...

Normally, the resolution of a video game's story line -- even one as popular as "Mass Effect 3" -- would not be news outside the gaming sector. In this case, however, some fans are so disgruntled that they've lodged a complaint with the Federal Trade Commission alleging that Electronic Arts and BioW...

Sanford C. Bernstein has downgraded Sprint Nextel to underperform from market perform, citing concerns it won't sell enough iPhones to pay for its "punishing" commitment to Apple. Worse, from Sprint's perspective, is that there's a strong chance Sprint may have to declare bankruptcy at some point, B...

Sprint has canceled the 15-year agreement it inked with LightSquared last July to build out and license a 4G network. LightSquared was to have used this network, together with its own infrastructure, to launch its service. The agreement would have been beneficial to Sprint as well, as it had hoped t...

PayPal has introduced PayPal Here, a mobile payment product that is meant to continue its push into retailing's brick-and-mortar world, no matter the size of the retailer. The global mobile payment system will allow small businesses to accept almost any form of payment, PayPal said. Businesses can a...

Google is rumored to be at work on new technologies and methodologies that could significantly alter the way consumers search on the Internet, as well as how brands can expect to see their ads displayed. More emphasis will be placed on semantic search, a process that takes into account the meaning o...

Dell is acquiring network-security and data-protection tool provider SonicWall for an estimated $1 billion to $1.5 billion. This is the latest in a series of acquisitions Dell has made in recent months. It has acquired Force 10, Perot Systems and SecureWorks. All of these companies focus on differen...

Intel is rumored to be considering entering the pay-television service market. The chipmaker reportedly has reached out to media companies and cable channels as part of its research. The service would be based on a Web-connected set-top box that could offer both streaming TV and video-on-demand prog...

The claims that Samsung and Apple have on smartphone market share in China may come as a surprise to people who are familiar only with U.S. trends. Samsung far outpaces Apple in the world's most-populous country, with a 24.3 percent share of the smartphone market, according to new figures from Gartn...

Reports are circulating that CNN is finalizing a $200 million deal to acquire the social news and technology website Mashable. CNN has been looking to match CBS' acquisition of Cnet for at least three years, said Rob Enderle of the Enderle Group, but network officials were unable to reach an agreeme...

Now is a good time to be a startup looking for funding, suggests the Halo Report, which provides data and identifies trends affecting early stage entrepreneurs and investors. Angel Resource Institute, Silicon Valley Bank and CB Insights collaborated in the development of the report. Most notable amo...

Pandora reported a 62 percent increase year-over-year in active users for its fiscal fourth-quarter, which ended Jan. 31, along with a 74 percent increase in advertising revenue and a 99 percent rise in listening hours. However, those gains were accompanied by increases in royalty payments the onlin...