Business

Groupon delivered earnings that pleasantly surprised shareholders. The daily deal provider reported a net loss of $11.7 million, a huge improvement from the $146.5 million it lost a year ago in its first quarter as a private company. It also posted stronger-than-expected revenue for the quarter, at ...

Half of Americans believe the social network giant Facebook is just a passing fad, and a similar number believe the expected asking price in its upcoming IPO is too high, according to a new poll. Since the dot-com boom of the 1990s ended with a dot-com bust, many once-dominant players have fallen by...

Nvidia and Intellectual Ventures have partnered to buy a set of patents developed and owned by IPWireless. The patent portfolio comprises approximately 500 wireless patents, including in such areas as LTE, LTE-Advanced and 3G/4G technologies. The acquisition is viewed as another sign that the compan...

Embattled Yahoo has a new interim chief executive. It announced Sunday that Ross Levinsohn, the company's global media leader, would take over as interim CEO following Scott Thompson's departure. Thompson's exit comes amid controversy over an unearned computer science college degree listed on his re...

Facebook cofounder Eduardo Saverin, a Brazilian native who is currently a resident of Singapore, has given up his U.S. citizenship. The widely-held assumption is that Saverin wanted to escape the tax liability he would assume from the Facebook initial public offering, expected as early as this week,...

Facebook's acquisition of photo-sharing app Instagram was in the spotlight on Friday following a report that the Federal Trade Commission was investigating the deal on competition grounds. The FTC reportedly has even asked for input on the deal from rivals Google and Twitter, although it isn't clear...

The Facebook IPO roadshow -- a crucial time for the company -- is well under way, and the company's CEO has been in the spotlight. It was no doubt expected that Mark Zuckerberg would ditch his trademark hoodie for attire more befitting the circumstances, but no. At the few events Zuckerberg has atte...

Deutsche Telekom is rumored to be pursuing a merger between T-Mobile and MetroPCS Communications. How the merger may be executed appears to be a moving target at the moment. It could take the form of a stock-swap, giving Deutsche Telekom control of the combined entity, or it could be an initial publ...

The Oracle v. Google copyright infringement and patent violation trial is continuing with the second phase, despite key unresolved issues from the copyright portion of the case. Following the jury's partial verdict earlier this week, Google is seeking a new trial on the copyright phase. Meanwhile, a...

The last seven days have no doubt felt surreal for executives and board members at Yahoo. It was a week ago that shareholder Daniel Loeb, CEO of hedge fund Third Point, revealed that Yahoo CEO Scott Thompson's educational credentials included a computer science bachelor's degree he never earned, sp...

Many people believe they can say what they want on the Internet as long as they use a pseudonym. After all, it is easy to set up an account using an anonymous alter ego. In addition to believing they can post whatever they want, they may also think they are protected by the First Amendment. They m...

Facebook kicked off its IPO roadshow in New York City on Monday, with CEO Mark Zuckerberg sporting his trademark hoodie sweatshirt and sneakers. A 30-minute video was part of the presentation, along with a Q&A session in which Zuckerberg and other executives took questions. The format apparently...

The jury hearing the Oracle-Google copyright infringement and patent violation case rendered a partial verdict in the copyright phase of the trial on Monday. Although its findings appear to favor Oracle, the jury deadlocked on a key question about fair use, prompting Google attorneys to call for a m...

Dan Loeb is not letting up the pressure on Yahoo, its board of directors or, most certainly, its CEO, Scott Thompson. Loeb, manager and founder of Third Point, a hedge fund that owns a 5.8 percent stake in Yahoo, has demanded more information about the process that led to the hiring of Thompson, aft...

The jury hearing the Google-Oracle copyright violation and patent infringement case is expected to return a verdict on the first phase of the trial -- possibly a partial verdict -- as early as Monday. The jurors retreated to consider the charges last week, after attorneys for Oracle and Google deliv...