Hewlett-Packard Co agreed to pay $57 million to settle a lawsuit that accused the personal computer maker's former management of defrauding shareholders by abandoning a business model it had long touted.
Software development processes have been revolutionized globally by the ‘Agile’ movement over the past couple of years, and this alternative to traditional project management has been adopted by a number of companies in Sri Lanka’s IT sector during this period of time.
Twitter Inc crashed on Tuesday for the second time in nine days when a software glitch stalled the popular messaging service for about one hour.
WhatsApp will add free voice-call services for its 450 million customers later this year, laying down a new challenge to telecom network operators just days after Facebook Inc scooped it up for $19 billion.
Julie Larson-Green, one of Microsoft Corp's most senior women executives and a leading force behind the latest design of Windows, is moving to a new job in charge of harmonizing the look and usability of Microsoft's wide range of software.
Google Inc is exploring a major expansion of its super-fast "Fiber" TV and Internet service, which could extend the nascent network to 34 more U.S. cities and pose a competitive threat to home broadband providers.
Facebook Inc's stunning $19 billion bid for fast-growing mobile-messaging startup WhatsApp sent shares of BlackBerry Ltd surging after the closing bell on Wednesday, as investors were cheered by the lofty valuation for the messaging platform.
The Viber instant messaging application is in talks to be acquired for $300 million-$400 million by a leading instant messaging company from Asia, the Calcalist financial newspaper reported on Tuesday.
Shares of South Korea's Samsung Electronics extended their rebound on Tuesday, rising as much as 3 percent, as currency concerns subsided.
Google Inc Executive Chairman Eric Schmidt will be awarded $100 million in restricted stock units, the company said on Tuesday, marking the second time in less than three years that the Internet company's former chief executive officer has received an equity award of that size.
Sony Corp is in talks to sell its poorly performing personal computer business to investment fund Japan Industrial Partners for up to 50 billion yen ($490 million), the Nikkei daily reported.
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