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Tech Biz - Feed
Find the latest news stories from Canada.com on the topic Tech Biz. |
 Facebook's IPO already oversubscribed: sourceFacebook Inc.’s record initial public offering is already oversubscribed, a source familiar with the share listing said, days after the world’s largest social network embarked on a cross-country roadshow to drum up investor enthusiasm.
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 GSK to go hostile with $2.6 billion Human Genome tenderGlaxoSmithKline will take its $2.6 billion bid for Human Genome Sciences direct to shareholders this week, after its takeover offer was rejected last month by the U.S. biotech group's board.
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 Israel tech firms raise $483 million in Q1 from VCsIsraeli high-tech firms raised $483 million in venture capital in the first quarter, after raising $2.14 billion in 2011, the Israel Venture Capital Research Center has said.
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 Splunk shares double in value on debutData analytics software maker Splunk's shares doubled in value on their market debut, as it tapped investor demand for enterprise-focused companies in an otherwise weak IPO market.
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 RIM sees glimmer of hope in AsiaThe launch in India of a new BlackBerry by Research In Motion Ltd is not just a nod to its lower-end users who love it less for its security, push email and seamless roaming than for its simplicity and its Messaging.
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 Playtech down as it eyes deal with top shareholderPlaytech, the world's biggest provider of online gaming software, is planning a string of acquisitions as it branches out into the social gaming market but news that it will be buying the businesses from its main shareholder unnerved investors.
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 Motorola wins in Apple patent row rulingMotorola has scored a victory in a patent war with rival Apple when a German court upheld a decision banning it from offering services for syncrhonising e-mails on its devices in Germany.
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 Groupon has accounting problemsGroupon, the online coupon company that floated just months ago in the strongest IPO in years, has had recurring accounting problems that critics say show a need for more financial sophistication on its board.
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 Best Buy CEO Brian Dunn resignsBest Buy Co. says its Chief Executive Brian Dunn has resigned from the world's largest consumer electronics chain, as the company looks to please investors looking for change at the top.
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 Sony sees record $6.4 billion loss on tax hitJapan's Sony Corp has flagged a record $6.4 billion annual net loss, double an earlier forecast and a fourth straight year of red ink, as it writes off deferred tax credits, heaping more pressure on its new CEO to turn around the electronics giant.
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 AOL to sell 800 patents to Microsoft for $1.0 bnAOL has announced it would sell more than 800 patents to Microsoft and license more than 300 additional patents and patent applications for $1.056 billion in cash.
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 Gamestop fights against investor betsGameStop executives are tired of hearing about investors who bet against the game retailer's stock and say it will not end with the same fate as movie rental chain Blockbuster, which filed for bankruptcy protection in 2010.
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 Motorola probed in patent war with Apple, MicrosoftMotorola has opened two antitrust investigations against Google's Motorola Mobility following complaints from Apple and Microsoft in a patent war between the technology giants.
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 Hootsuite attracts $20 million from OMERSVancouver's Hootsuite, which sells social-media management services, has attracted a $20 million investment from OMERS Ventures, part of the Ontario Municipal Employees Retirement System.
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 David Marcus named president of PayPalEBay has named David Marcus president of its PayPal unit, replacing Scott Thompson, who left in January to become chief executive of Yahoo Inc.
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 Nokia seeks to retake China market shareNokia will start to sell a new range of smartphones using Microsoft software in China from April, seeking to claw back market share it has seen gobbled up by Apple and Samsung.
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 Facebook underwriters to get 1.1 percent feeFacebook will pay a fee of just 1.1 percent to underwriters of its initial public offering, a source with knowledge of the company's plans has said.
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 Cisco buys NDS for video linksCisco Systems Inc. has reached a $5-billion U.S. deal to buy NDS Group Holdings Ltd., which makes set-top box software for cable and satellite TV companies, a move network equipment maker Cisco said would accelerate its expansion into the video communications market.
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 Samsung loses bid to ban iPhone, iPad sales in NetherlandsSamsung Electronics Co says a Dutch court has rejected its 3G patent bid to ban sales of Apple's iPhone and iPad in the Netherlands.
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 Businesses eyeing iPads for the workplace: reportA growing numbers of businesses plan to buy iPads as tablet computers make their way from personal lives into work places.
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 Ottawa firm controls lifeblood of the economyIn the five seconds it takes to read this sentence, more than $10 million in digital cash and cheques will change hands in Canada.
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 Wi-LAN warns of volatilityWi-LAN chief executive Jim Skippen showed some steel Wednesday as he laid out his strategy for doubling company revenues in the next five years.
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 Yahoo preparing layoffs, could affect thousandYahoo Inc.'s new chief executive is preparing a significant restructuring of the Internet company, including layoffs that could cut thousands of employees from its payroll, according to a technology blog.
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 Yahoo threatens Facebook as patent war loomsYahoo has demanded licensing fees from Facebook for use of its technology, potentially engulfing social media in the patent battles and lawsuits raging across much of the tech sector.
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 Dell shares fallDell has slim prospects for additional margin expansion in the near term, Citigroup said and downgraded the stock to "neutral" from "buy."
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