Business

Already under the microscope for claims of sexual harassment and questionable labor practices, Uber said it would ban the use of a controversial technology to block regulatory authorities from monitoring its operations. The company's "greyballing" technology is designed to hide the standard city app...

Hewlett Packard Enterprise has announced a deal to acquire flash storage firm Nimble Storage, once viewed as a darling of Wall Street, for $12.50 a share in cash, or $1 billion. HPE also agreed to assume or pay out Nimble Storage's unvested equity awards, which are valued at $200 million. Upon compl...

Shares of Snapchat owner Snap Inc. soared higher on Friday, following Thursday's successful IPO. After debuting at $17.00 on the New York Stock Exchange, Snap shares rose 44 percent to $24.48 on Thursday, well above analyst expectations, placing the company's value at $28 billion. The stock continue...

The Federal Communications Commission and the Federal Trade Commission on Tuesday issued a joint statement following the FCC's temporary stay of data security regulations. FCC Chairman Ajit Pai and FTC Acting Chairman Maureen K. Ohlhausen issued the statement to address the FCC's decision, in essenc...

As it approaches its first stock offering next month, Snap, maker of the popular mobile messaging app Snapchat, is positioning itself as a camera company. "We feel like we're really at the beginning of what cameras can do," said Snap CEO Evan Spiegel. "Before, cameras were the best way to perfectly ...

Apple on Wednesday announced that its long-awaited new headquarters, anchored by a 2.8 million square foot mothership building, is near completion. Named "Apple Park," the complex will make its official debut in April. The 175-acre campus, which falls somewhere between the Pentagon and an Olympic vi...

Uber has been responding to recent requests to delete customer accounts with a statement that claims "everyone at Uber is deeply hurting" and "it's everyone's number one priority to create change in the coming months and years." The pop-up statement, which Twitter users began circulating on Wednesda...

A major federal acquisition opportunity with a potential contract value of $50 billion for information technology vendors is back on track. The General Services Administration recently resumed processing vendor applications after a legal challenge to the contract was resolved in its favor. As a resu...

Verizon and Yahoo on Tuesday announced new terms for the acquisition deal they inked last summer. Verizon will pay $350 million less than the original contract price, which places the new value of the deal at $4.48 billion. Yahoo will be responsible for 50 percent of any breach-related cash liabilit...

Microsoft has called on governments around the world to create a "digital Geneva Convention" as a way to normalize international cybersecurity rules and protect civilian use of the Internet. President Brad Smith, who is also Microsoft's chief legal officer, addressed the issue at the annual RSA co...

Toshiba shares fell 8 percent on Tuesday as the company took a $6.3 billion writedown related to its struggling nuclear power business and delayed the release of its fiscal third-quarter earnings. Shigenori Shiga, Toshiba's chairman and representative executive officer, resigned effective Wednesday,...

Even though D-Link expressly promised that many of its wireless devices had the highest level of security available, the Federal Trade Commission last month filed a lawsuit that alleges otherwise. The FTC filing includes copies of online marketing materials and technical specifications for D-Link's ...

Twitter's share price plunged 12.3 percent Thursday, closing the day at $16.41, after the company released its Q4 2016 financial report. It fell further on Friday, trading at $15.54 mid-day. On the bright side, daily active usage grew for the third consecutive quarter and strong growth is expected t...

Apple has hired Tim Twerdahl, the former head of Amazon's Fire TV unit, in an effort to revive its struggling Apple TV business, which has been losing market share to rival streaming content services. Twerdahl reportedly joined Apple this month as VP in charge of product marketing for Apple TV, and ...