Business

A major federal acquisition opportunity with a potential contract value of $50 billion for information technology vendors is back on track. The General Services Administration recently resumed processing vendor applications after a legal challenge to the contract was resolved in its favor. As a resu...

Verizon and Yahoo on Tuesday announced new terms for the acquisition deal they inked last summer. Verizon will pay $350 million less than the original contract price, which places the new value of the deal at $4.48 billion. Yahoo will be responsible for 50 percent of any breach-related cash liabilit...

Microsoft has called on governments around the world to create a "digital Geneva Convention" as a way to normalize international cybersecurity rules and protect civilian use of the Internet. President Brad Smith, who is also Microsoft's chief legal officer, addressed the issue at the annual RSA co...

Toshiba shares fell 8 percent on Tuesday as the company took a $6.3 billion writedown related to its struggling nuclear power business and delayed the release of its fiscal third-quarter earnings. Shigenori Shiga, Toshiba's chairman and representative executive officer, resigned effective Wednesday,...

Even though D-Link expressly promised that many of its wireless devices had the highest level of security available, the Federal Trade Commission last month filed a lawsuit that alleges otherwise. The FTC filing includes copies of online marketing materials and technical specifications for D-Link's ...

Twitter's share price plunged 12.3 percent Thursday, closing the day at $16.41, after the company released its Q4 2016 financial report. It fell further on Friday, trading at $15.54 mid-day. On the bright side, daily active usage grew for the third consecutive quarter and strong growth is expected t...

Apple has hired Tim Twerdahl, the former head of Amazon's Fire TV unit, in an effort to revive its struggling Apple TV business, which has been losing market share to rival streaming content services. Twerdahl reportedly joined Apple this month as VP in charge of product marketing for Apple TV, and ...

At least 127 U.S. companies -- including Apple, Facebook, Twitter, Google, Intel and other tech giants -- filed a friend of the court brief in a lawsuit the state of Washington brought against President Trump, which argues that his executive order to halt the entry of refugees and all travelers fro...

Snap Inc. last week filed for a $3 billion initial public offering. The company's private market valuation is $17.8 billion, but investors reportedly have valued it at between $20 billion and $25 billion. "Twenty-five billion dollars is just nuts, but that's the market we're in," remarked Rob Enderl...

The European Commission on Thursday announced three separate investigations into online pricing and other sales practices that may have breached EU antitrust rules. The EC investigations will assess whether consumers were able to enjoy cross-border choice when it came to buying video games and consu...

Wireless, telecom and pay TV -- including cable, satellite and Internet services -- are all on a growth trajectory, but each company is taking a different path. That means comparing them will be more difficult going forward. In the past, the companies in these sectors in many respects looked the sam...

Apple stunned Wall Street Tuesday afternoon, with Q1 earnings that set new quarterly unit and revenue records in key product segments, and its highest-ever earnings per share. Apple CEO Tim Cook told analysts that the company set all-time revenue and unit records for its iPhone and Apple Watch brand...

Silicon Valley is in an uproar over a proposed new executive order that would overhaul the existing policy on foreign worker visas. The Trump administration's goal apparently is to prioritize the hiring of American workers first and make other changes in the way U.S. companies can recruit skilled pr...

Facebook has announced that Hugo Barra would be onboarding the company to head up its virtual reality business, including the Oculus team. Barra just days ago announced his departure from Xiaomi. Barra will fill the void left last month, when Brendan Iribe stepped down as CEO of Oculus to head up a ...