Business

News that Amazon CEO Jeff Bezos is acquiring The Washington Post, one of the top newspapers in the U.S., shook the publishing world on Monday. He is buying the paper for $250 million in cash. Bezos is making the acquisition as an individual -- the Post is not to be part of Amazon's vast array of pro...

Yahoo plans to breathe some new life into its research and development lab by hiring 50 new PhDs by the end of the year. Spearheaded by CEO Marissa Mayer, the initiative already has resulted in 30 researchers joining the lab, with an additional 20 anticipated by the end of 2013. Yahoo is looking for...

Google's Chromecast device has only been out about a week or so, but the ranks of participating content providers continue to expand. In addition to the Netflix support that launched with the streaming adapter, both Hulu and HBO now appear to be getting involved. "We are actively working with Google...

Just two days after a key part of Michael Dell's last offer was roundly rejected, the attempted buyout of his company on Friday took an unexpected turn. Specifically, Dell secured a significant voting concession from the special committee set up by the board of directors in exchange for upping the t...

Targeting families and other multiviewer households, Netflix on Thursday introduced a new capability that makes it possible for each account to maintain individual profiles on the service complete with separate queues and personalized suggestions. Starting in the next few days, Netflix subscribers w...

Mobile device users' privacy will be safeguarded under a new transparency code of conduct created in an effort involving 40 groups ranging from businesses to advocacy groups and led by the National Telecommunications and Information Administration. NTIA Administrator Lawrence E. Strickling hailed ...

Strong revenue figures helped Yelp beat analysts' expectations for the second quarter of 2013, sending its stock soaring by more than 20 percent following the Wednesday release of its earnings report. While the company reported a loss of 1 cent per share, revenue rose to $55 million, representing a ...

The FCC is looking into a complaint that Google Fiber's ban on hosting computer servers on its network violates its Open Internet Order and Rules. Google Fiber told the FCC, among other things, that its policy was fully consistent with the Order and Rules. However, news of its response has sparked a...

Following the revised buyout offer from Michael Dell and investment firm Silver Lake last week, a special committee of Dell's board of directors announced on Wednesday that it has rejected a key part of it. Specifically, the committee refused to accept the part of the new offer by which only shares ...

Windows Phone 8 users with a penchant for posting photos on Instagram have been out of luck in more ways than one recently. Not only is there no native Instagram Windows Phone app, forcing users to resort to third-party apps instead, but this week, users of those outside apps began seeing their Inst...

Both the White House and Congress have asserted that protecting the nation's resources from cyberattacks is a top priority. Yet enacting legislation designed to enhance security for critical infrastructure components such as water, power, telecom and transport facilities that is acceptable to both p...

On its face, EMC's recently acquisition of ScaleIO seems pretty straightforward. The company said the deal will further strengthen its Flash portfolio by combining ScaleIO's highly scalable server software with PCIe Flash card solutions, like EMC XtremSF. ScaleIO will operate within the EMC Flash Pr...

The Business Software Alliance reportedly is pushing to overturn the U.S. International Trade Commission's ban against older iPhones and iPads, maintaining that it would set a dangerous precedent. When the ITC makes a decision to ban a particular product for import into the U.S., it is fast and usua...

Samsung reported record second-quarter profits on Friday, but investor concerns drove down the company's share prices nevertheless. Its flagship Galaxy S4 smartphone did not sell as well as expected, and there are indications that demand for high-end devices that fetch a premium price and offer maxi...

After placing its bets on real-money online gambling late last year, Zynga on Thursday announced that it is abandoning that initiative. The beleaguered company now believes that its best plan is to focus on free-to-play social games, it announced in its second quarter 2013 financial report. It will ...