‘BUSINESS’ News

Dell Acquires data storage company EMC Corporation for $67 billion

Computer technology giant Dell and private-equity firm Silver Lake on Monday acquired data storage provider EMC for roughly $67 billion, a $33.15-per-share deal that represents the largest in technology industry history. According to the press release, the deal looks like this: Under the terms of the...

WTO members reach landmark $1.3 trillion IT products trade deal

WTO members representing major exporters of information technology products agreed on 24 July 2015 to eliminate tariffs on more than 200 such products. In a meeting  at the WTO headquarters in Geneva, a tentative accord reached by 54 WTO members on 18 July was confirmed as the...

European Court of Justice Privacy Rule Could Ruffle American Tech Companies

Privacy A top European lawyer made a decision this morning that could prove a massive headache for American tech companies in Europe. Advocate General Yves Bot, an advisor to the European Court of Justice (ECJ) has said the “safe harbour” agreement for transferring data between the...

Twitter Shares Rise After Faked Bloomberg Report

Takeover rumors about Twitter surface with seeming regularity every couple of months. But one on Tuesday showed a new level of sophistication in an effort to pump up the company’s stock. Shares of Twitter, the social network, briefly spiked after an article that appeared to...

Drill-Down Report Finds Global Financial Services Businesses 300% More Susceptible To Cybercrime

Google Global financial services businesses encounter security incidents 300% more frequently than other industries, according to a report released on Tuesday by Raytheon | Websense, a company that helps protect organizations from cyber attacks and data theft. The 2015 Financial Services Drill-Down Report found “a high...

Tech IPOs indicate slowest pace since the banking crisis

Banking Crisis With the end of the first half of the year in sight, it looks like Fitbit may be the last tech IPO of what so far has been the slowest year for new public offerings in the sector since 2009. That was the middle of...

Microsoft opens a ‘No Back Door’ Transparency Center to allow European governments a look at its source codes

Microsoft Microsoft has opened a Transparency Center in the Belgian capital, offering European governments a look at its source code. The center, opened in Brussels last week, will “enable governments to review and assess the source code of Microsoft products and to access important security information...

How 5 most valuable internet companies have changed over the past 2 decades

Google It’s mind-boggling how the 5 most valuable internet companies have changed over the past 20 years In 1995, the internet was just about to get started. It was only a year after big internet companies like Yahoo and Netscape were founded. Fast forward 20 years...

Federal Reserve Bank of St. Louis Confirms it was Hacked

SAN FRANCISCO — The Federal Reserve Bank of St. Louis confirmed on Tuesday that hackers had successfully hacked the bank, redirecting users of its online research services to fake websites set up by the attackers. The breach was just the latest in a spate of...

Digital Firms Dominate Top Media Companies, Emerging New Media Owners Gain Ground

Mobile Apps Power in the digital advertising market is concentrated in the hands of a few large platforms, and New Media is becoming even more concentrated. The five purely digital media owners — Google, Facebook, Baidu, Yahoo and Microsoft — generated $71 billion in New Media revenue, which...