Technology News

Tue, May 22, 2012

Nasdaq shareholders mum on Facebook IPO

By John McCrank

NEW YORK (Reuters) - Not a single shareholder asked a question at Nasdaq OMX's annual meeting on Tuesday, just days after ...

Tue, May 22, 2012

Facebook IPO shows galactic divide between investors

By Lauren Young

NEW YORK (Reuters) - It's no surprise to anyone that big investors get preferential treatment on Wall Street.

Investors expressed disappointment ...

Tue, May 22, 2012

Exclusive: Massachusetts subpoenas Morgan Stanley for Facebook

By Jessica Toonkel

NEW YORK (Reuters) - Massachusetts Secretary of Commonwealth William Galvin has issued a subpoena to Morgan Stanley over an analyst's discussions ...

Tue, May 22, 2012

Funds with Facebook hammered as proxy by shorts

By Ross Kerber

(Reuters) - Some investment funds have paid a price for their friendship with Facebook since the social networking giant went public last ...

Tue, May 22, 2012

Facebook settles lawsuit over "Sponsored Stories"

By Dan Levine

SAN FRANCISCO (Reuters) - Facebook Inc has agreed to settle a lawsuit that alleged the site's "Sponsored Stories" feature publicized users ...

Tue, May 22, 2012

Dell results disappoint Street, shares dive

By Poornima Gupta

SAN FRANCISCO (Reuters) - Dell Inc forecast disappointing second-quarter revenue as U.S. and European corporate tech spending weakens and consumer personal ...

Tue, May 22, 2012

Kleiner partner sues firm for discrimination

By Sarah McBride

(Reuters) - Kleiner Perkins Caufield & Byers partner Ellen Pao is suing the venture capital firm alleging sexual harassment and discrimination, according to a lawsuit filed earlier this month in California Superior Court.

The lawsuit paints a picture of a firm where complaints against harassment went ignored, where a senior partner suggested that marrying the alleged harasser might be the solution to Pao's difficulties, and where women were labeled "buzz" kills.

Pao is asking for compensatory damages, including lost pay and bonuses; punitive damages; and a court order to prevent sexual harassment and discrimination at Kleiner.

"The firm regrets ...

Tue, May 22, 2012

SAP to buy Ariba, boosts cloud bet

By Noel Randewich and Jim Finkle

SAN FRANCISCO (Reuters) - Top European software company SAP AG plans to buy Ariba Inc in a deal valuing ...

Tue, May 22, 2012

Exclusive: Spy agency seeks cyber-ops curriculum

By Tabassum Zakaria

FORT MEADE, Maryland (Reuters) - The National Security Agency is trying to expand U.S. cyber expertise needed for secret intelligence operations ...

Tue, May 22, 2012

SEC, FINRA to review Facebook issues, Nasdaq sued

By Suzanne Barlyn and Ryan Vlastelica

(Reuters) - Two top U.S. financial regulators said the issues around the initial public offering of Facebook should ...