Wall Street Journal Tech
- SoftBank is readying a plan to allow the U.S. government an unusual level of influence over the operations of Sprint, a concession to ease security concerns raised by the proposed cross-border takeover. - Dish signed commitment letters for about $9 billion in financing for its $25.5 billion bid for Sprint Nextel. - Google increasingly appears to be following Amazon's lead in such services as a new e-commerce site, cloud computing and services for online shoppers. - PokerStars, the largest online poker company in the world, is playing a difficult hand: Just two years after being shut down in the U.S. it wants to return to the table. - Chinese personal-computer maker Lenovo Group's fiscal fourth-quarter profit rose 90% from a year earlier, setting it apart from an industry that is struggling with weak demand. - AT&T has added a new monthly administrative fee of 61 cents to the bills of all of its contract wireless lines as of May 1, a move that could bring in more than a half-billion dollars in annual revenue to the telecom giant. - Clearwire said it hasn't had 'substantive' talks with Dish Network since last month, and doesn't expect the satellite-TV operator to top Sprint's sweetened offer for the wireless broadband provider, which Clearwire supports. - Some of the biggest U.S. companies, including Google and FedEx, have quietly removed hundreds of offshore subsidiaries from their publicly disclosed financial filings over the past several years. - H-P's profit slipped 32% as revenue declined across the tech company's businesses, but better-than-expected guidance helped boost shares 11% after-hours. - The storm brewing over Apple's tax practices has already rained down hard in the U.K., where multinationals have drawn public scorn for the paucity of taxes they pay here. - Discovery Communications is launching a video network, dubbed TestTube, with original series available free, hoping to capture younger viewers harder to reach through traditional TV. - Luxury electric-car maker Tesla Motors said it fully repaid a $452 million federal loan and said it would be able to finance development of its next two vehicles without selling new shares. - Sony said its board has started talks about how to address a proposal from activist investor Daniel Loeb to take part of the group's entertainment business public. - How can a high-tax welfare state also be so strongly entrepreneurial, writes Ben Rooney. - Samsung is stepping up investments to beef up its mobile business, this time taking a 10% stake in local handset maker Pantech. - Twitter is adding a login verification feature as a way to cut down on tweets from hacked accounts, in the wake of some high-profile security breaches over the past year. - Several senior executives at HTC have left the company in recent weeks, signaling a broader management shake-up at the struggling smartphone maker and putting a spotlight on CEO Peter Chou. - Big phone companies have started to sell the data they gather about subscribers' locations, travels and Web-browsing habits, providing a powerful tool for marketers but raising new privacy concerns. - Apple's tax strategies came under harsh scrutiny Tuesday in the Senate, where lawmakers are finding it far easier to call for a simpler tax code than to produce one. - A federal appeals court said former Rutgers quarterback Ryan Hart can try to collect some of the profits Electronic Arts made from a videogame, in a lawsuit that accused EA of stealing his likeness. - Microsoft unveiled a reinvented Xbox game console that demonstrated the software giant's most aggressive play yet for control of consumers' living rooms. - Cranky Consumer tries few services that aim to make shopping a piece of cake: grocery-list mobile apps. - Sprint boosted its offer for Clearwire by 14%, succumbing to shareholder pressure with the hope of winning over vigorous opposition to the deal. - LPL Financial agreed to pay at least $9 million to end allegations by regulators that the brokerage firm was plagued by "systemic email failures" but did too little to fix them. - Outsourcing company iGate said its board fired President and Chief Executive Phaneesh Murthy with immediate effect for allegedly failing to report a relationship with a subordinate employee. - Vodafone said it will keep the $3.15 billion dividend payment it will receive from Verizon Wireless and plow it into its flagging operations in Europe, which weighed heavily on the mobile operator's full-year profit. - Yahoo's $1.1 billion deal for Tumblr is a fairy-tale ending for the blogging site, which fetched a rich price despite its meager revenue. Many other highflying Web startups may not be as lucky. - NetApp launched a dividend and promised to raise payouts to shareholders through stock buybacks, calming investors as a weak information-technology market threatens its earnings. - Apple paid no corporate income tax to any nation on tens of billions of dollars in income over the past four years, Senate investigators disclosed ahead of a hearing on Tuesday. - Yahoo will face a series of cultural challenges as it tries to make its $1.1 billion acquisition of Tumblr pay off. - What's underneath the hood of the latest Xbox videogame console represents a multiyear odyssey of trying to figure out how to keep the machine "cool." - Music-streaming service Spotify will begin publishing lists of its top 50 most-streamed songs and most-shared songs, hoping to draw in new members. - Startup companies are coming up with new technologies—from pills and bottles with digital sensors to data analytics software—aimed at getting people to take medicine only as directed. - Sprint Nextel said it agreed to enter into negotiations with Dish Network Corp. about Dish's $25.5 billion bid for the wireless carrier. But Sprint stopped short of saying Dish's offer could be superior to what Japan's SoftBank has already bid. - Online design retailer Fab is in advanced talks to raise $250 million to $300 million in venture capital in a deal that would value the fast-growing but unprofitable company at $1 billion not including the new capital. - The Supreme Court ruled federal regulators can set deadlines for state and local authorities to act on applications for new cellphone towers. - Yahoo's purchase of New York-based Tumblr is a major breakthrough for the city's tech startup scene. - Buyout firm Vista Equity Partners agreed to pay about $1 billion to acquire Websense, a maker of software and services designed to help protect companies against cyberattacks and data theft. - Dish Network Chairman Charlie Ergen bid $2 billion for certain spectrum from LightSquared, the wireless venture spearheaded by financier Philip Falcone that is navigating bankruptcy proceedings. - GrubHub and Seamless, two tech startups that make it easier to order takeout food from restaurants, are merging, although they will remain separate brands. - Two Hon Hai employees have fallen to their deaths in China since late April, highlighting the continuing challenges that face the Apple supplier as it tries to manage its growing workforce in mainland China. - Dell sent another letter to Carl Icahn and Southeastern Asset Management seeking more information about their takeover proposal, reiterating that it can't engage in talks before determining whether the proposal is credible. - As Congress frets about privacy implications of Google Glass, one thing is clear: The technology that can redefine what is "public" and link the digital and physical worlds is here. - DirecTV, the second largest U.S. pay-TV provider, is weighing a potential bid for Hulu, the latest company to show interest in the six-year-old video site. - 'Now You See Me,' to be released May 31 by Summit, hopes to make movie magic without computer-generated special effects. Director Louis Leterrier hired magic consultants, including David Copperfield, to create and execute some of the more complicated illusions. - On the eve of Facebook's IPO anniversary, how the company tackles revenue is one of the biggest challenges in its short public life. - Stephen King has no plans for a digital edition of his new book, "Joyland," hoping to get more people to shop for it in a physical bookstore. - The Financial Times said its Tech Blog and various Twitter accounts were hacked Friday by a group identifying itself as the Syrian Electronic Army. - Eight members of Congress asked Google Chief Executive Larry Page to make assurances about privacy safeguards for the company's high-profile Google Glass device. - From Twitter to Lending Club to Atlassian to Marketo, a new crop of maturing tech companies are poised to hit the IPO market.
Leave a Reply