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Yahoo profits surge on earnings from Alibaba sale

Oct 22, 2014 at 02:22 | Source: BBC

Technology giant Yahoo has reported profits of $6.8bn (£4.2bn) for the three months to September, buoyed by earnings from the firm's stake in Alibaba. Yahoo was required to sell part of its stake ahead of the Chinese firm's stock market fl...

Snapchat: Yahoo 'set to invest millions'

Oct 22, 2014 at 02:22 | Source: BBC

Yahoo is close to investing millions of dollars in mobile messaging service Snapchat, which may value the start-up at about $10bn (£6.2bn), reports say. Snapchat allows users to send images and videos that disappear seconds after being viewed. The c...

No user data lost in Yahoo server hack

Oct 22, 2014 at 02:22 | Source: BBC

Yahoo has said no user data was lost when hackers breached its servers. The web firm was alerted to the breach by security experts seeking computers vulnerable to the recently discovered Shellshock bug. Shellshock is a flaw found in many widely used ...

Google: Amazon is biggest search rival

Oct 14, 2014 at 12:41 | Source: BBC

Google chairman Eric Schmidt has said the firm's biggest rival in online search is e-commerce giant Amazon. Mr Schmidt fought back at claims that Google enjoyed unrivalled dominance of the online search market. Many people think our main competi...

Symantec latest company to split in two

Oct 10, 2014 at 15:52 | Source: BBC

US software maker Symantec is the latest tech company to announce that it will split its operations into two. The Norton antivirus software maker said it would spin off operations into two publicly traded firms, one focused on security and the other ...

Yahoo to cut jobs in India in downsizing

Oct 08, 2014 at 22:52 | Source: BBC

Tech giant Yahoo plans to cut jobs in Bangalore, India, which is considered one of its largest engineering hubs. A Yahoo spokesperson said the company was making some changes to the way we operate in Bangalore leading to consolidation of certain team...

Twitter sues US government over surveillance rights

Oct 08, 2014 at 11:56 | Source: Economic Times

WASHINGTON: Twitter has sued the US government for restricting the microblogging site from sharing online government surveillance reports with its users. In its 19-page complaint filed in US District Court in California, Twitter stated that the compa...

Yahoo-AOL merger proposal: Recipe for revival, or stagnation?

Sep 28, 2014 at 17:15 | Source: Economic Times

A proposed merger of Internet pioneers AOL Inc and Yahoo Inc could create a nimbler player in Web video, but strong growth, the measure of success in Silicon Valley, would remain elusive. Investors are revisiting one of the most speculated Internet ...

Government's secure email service to cover 5 million officials by Mar 2015

Sep 28, 2014 at 12:36 | Source: Economic Times

NEW DELHI: By the end of the current fiscal, five million officials will be using government's secure email, which seeks to ban use of popular email services like Gmail and Yahoo! in official communication to safeguard critical and sensitive governme...

Yahoo confirms purchase of Indian tech startup Bookpad

Sep 23, 2014 at 02:40 | Source: Economic Times

BANGALORE: Yahoo confirmed on Monday that it has purchased Bookpad, an Indian document viewing tech startup, in a bid to bolster its email service. The US internet giant didn't disclose the purchase price, but two people with direct knowledge of the ...

China blocks 'privacy' search engine DuckDuckGo

Sep 22, 2014 at 23:25 | Source: Economic Times

WASHINGTON: China has begun blocking the privacy-protecting search engine DuckDuckGo, which avoids storing user data or tracking online activity, according to the company and security researchers. DuckDuckGo, which gained popularity following revelat...

Yahoo buys Bangalore based tech startup Bookpad for Rs 50 crore

Sep 22, 2014 at 07:35 | Source: Economic Times

BANGALORE: Bangalore-based Bookpad has become the first Indian tech startup to be bought by Yahoo, going from creation to acquisition in just one year. The deal comes some eight months after Facebook snapped up Bangalore's Little Eye Labs. The US int...

Yahoo buys Bangalore based tech startup bookpad for Rs 5 crore

Sep 22, 2014 at 04:31 | Source: Economic Times

BANGALORE: Bangalore-based Bookpad has become the first Indian tech startup to be bought by Yahoo, going from creation to acquisition in just one year. The deal comes some eight months after Facebook snapped up Bangalore's Little Eye Labs. The US int...

Alibaba's big debut on the NYSE: 10 things to know why its IPO made history

Sep 20, 2014 at 12:17 | Source: Economic Times

NEW YORK: China's e-commerce giant Alibaba began trading its shares Friday on the New York Stock Exchange. Here are ten things to know about Alibaba, and why its initial public offering made history: THE BIGGEST: Alibaba raised $21.8 billion in its d...

Alibaba gets a grand reception

Sep 20, 2014 at 03:01 | Source: Calcutta Telegraph News

New York, Sept. 19 (Reuters): Alibaba Group Holding Ltd’s shares surged in their first day of trading on Friday as investors jumped at the chance to get in on what looks likely to be the largest IPO in history and profit from China’s gro...

Alibaba shares surge in their NY stock market debut

Sep 20, 2014 at 00:22 | Source: BBC

Alibaba's shares opened significantly above their initial price on the New York Stock Exchange (NYSE) on Friday, a sign of the excitement surrounding the Chinese internet giant. Shares in the company made their debut in the US at $92.70 (£57), ...

Alibaba prices shares at $68 ahead of huge stock listing

Sep 19, 2014 at 12:22 | Source: BBC

Shares in Alibaba have been priced at $68 (£42), the top end of the range, in a sign of strong investor appetite for the Chinese e-commerce giant. With trading starting on the New York Stock Exchange later on Friday, the share sale will raise $21.8b...

S P hits record on Federal Reserve support; financials lead

Sep 18, 2014 at 23:07 | Source: Economic Times

NEW YORK: US stocks were rising in late morning trading on Thursday, with the S&P 500 hitting a record high a day after the US Federal Reserve renewed its commitment to keeping interest rates low. The Fed said Wednesday at the conclusion of a two-day...

Apple hiring manager to handle China government data requests

Sep 18, 2014 at 12:20 | Source: Economic Times

BEIJING: Apple Inc is hiring a head of law enforcement in Beijing to deal with user data requests from China's government, according to a public job listing, after it last month began storing private data on Chinese soil for the first time. According...

Alibaba raises price of share sale as demand increases

Sep 16, 2014 at 11:47 | Source: BBC

Chinese online giant Alibaba has increased the price range of its initial public offering (IPO), meaning it could raise more than $25bn (£15bn) when it lists in New York. The firm said in an official filing that it expected to price its shares at be...

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