Software and Services

Chairman of Tata Consultancy Services, Ratan Tata (R) speaks during the annual general meeting of TCS in Mumbai
Microsoft CEO Steve Ballmer
Microsoft CEO Steve Ballmer
Business software giant Oracle on Monday shook off rumors of a looming management shake-up
The screen of a computer shows a Google Book search on the home page of Internet giant Google's website
Google has acquired the software firm Quickoffice
Microsoft CEO Steve Ballmer
More than $15 bn dollars has been wiped from Facebook's value since the IPO gave it a market capitalization of $104 bn
People look into the window of the Nasdaq stock market moments before Facebook shares went public on May 18 in New York
Facebook shares sank further even as US markets pushed higher
Facebook shares sank further even as US markets pushed higher
German business software giant SAP said it was acquiring US cloud-based e-commerce firm Ariba
Facebook shares sank further even as US markets pushed higher
Ten minutes into opening trade today, Facebook shares were changing hands at $35.01, down 8.43%
Ten minutes into opening trade today, Facebook shares were changing hands at $35.01, down 8.43%
A television anchor stands in front of screens showing the start of trading in Facebook shares at the NASDAQ
A television anchor stands in front of screens showing the start of trading in Facebook shares at the NASDAQ
Facebook CEO Mark Zuckerberg is pictured in March
A woman watches Facebook founder and CEO Mark Zuckerberg speaking in a promotional video
With investors hungry for Facebook shares, the social network unveiled a 25 percent increase in the number of shares

US stocks hold up despite Cyprus crisis

US stocks closed mixed Tuesday, holding on as the Cyprus financial crisis threatened to ignite more turmoil across the European financial system.
 

Financier charged in fake pre-IPO Facebook sales

A Florida investment adviser was charged Tuesday with selling $8 million of fake Facebook shares ahead of the social network's highly anticipated public offering, officials said.
 

US top court rejects appeal in $220,000 piracy case

The US Supreme Court refused Monday to take up the case of a woman ordered to pay a $220,000 fine for illegally downloading music off the internet.
 

Electronic Arts chief out as earnings ebb

Electronic Arts on Monday announced that chief executive John Riccitiello is stepping down and that the US videogame giant would make less money than initially expected this quarter.
 

S&P 500 flirts with record in bull market

The S&P 500 flirted with an all-time high Thursday as equity markets continued their upward march in the wake of strong labor data and bullish market sentiment.
 

Google tosses Reader as house cleaning continues

Google said it was tossing its Reader service and seven other products under a house cleaning campaign that has closed 70 of the Internet giant's features in the past two years.
 

Google tosses Reader as house cleaning continues

Google said it was tossing its Reader service and seven other products under a house cleaning campaign that has closed 70 of the Internet giant's features in the past two years.
 

Dow extends record-setting streak to seven days

The Dow Jones Industrial Average set a new record closing for the seventh straight day Wednesday as US stocks registered small gains.
 

Google fined for Street View data collection

Google struck a deal with US authorities Tuesday to pay a $7 million fine for collecting people's personal data without authorization as it combed neighborhoods for its Street View service.
 

EU fines Microsoft 561 mn euros for web browser choice

The EU fined Microsoft 561 million euros ($730 million) Wednesday for failing to provide customers with a choice of Internet browser, as promised, but ran into criticism it had not done its job properly by allowing the US giant to monitor its own commitments.
 

Google urged to remove ads for ivory, whale products

Conservationists have urged Internet giant Google to remove thousands of advertisements promoting products made from endangered whales and elephants.
 

Tech sector rides on rich list

America's technology sector remained a driving force for the world's billionaires, led by Microsoft's Bill Gates and other familiar names, a Forbes survey showed Monday.
 

Stuxnet virus dates back to 2007: researchers

The Stuxnet computer virus believed to have been developed by the United States or Israel to contain threats from Iran dates back at least to 2007, researchers said Wednesday.
 

Facebook apps for iPhone-iPad add free calls

Facebook allowed users on Friday to make free calls to friends at the leading social network using its application tailored for iPhones or iPads.
 

New Zealand's Telecom H1 profit down sharply on demerger

New Zealand's Telecom Corp posted an 83.8 percent fall in first-half net profit Friday, with the bottom line affected by a demerger in late 2011.
 

Ubisoft sells rivals' games in online shop

French videogame maker Ubisoft began selling computer games made by Electronic Arts, Warner Brothers and other rivals at its online Uplay shop.
 

EU to act against Google over privacy: French agency

European data protection agencies intend to take action against the US Internet giant Google after it failed to follow their orders to comply with EU privacy laws, the French data protection authority said on Monday.
 

US judge tosses some shareholder lawsuits

A US federal judge on Wednesday tossed out claims by some Facebook shareholders that the social network wasn't candid enough about risks faced by the company when it made its stock market debut.
 

Zuckerberg owns nearly a third of Facebook: US regulators

Mark Zuckerberg's stake in Facebook has climbed to nearly 30 percent since the leading social network made its dismal stock market debut, according to a filing Wednesday with US regulators.
 

India IT exports picking up steam

Exports by India's flagship IT outsourcing industry are set to grow by 12 to 14 percent in the next financial year, an industry group said on Tuesday, suggesting signs of recovery.