Business

Foxconn Technology Group has offered as much as $5.3 billion to purchase Sharp, according to media reports this week. Foxconn, formally known as "Hon Hai Precision Industry Co.," is said to have offered between $5.1 billion, or 600 billion yen, and $5.3 billion, or 625 million yen. A response to the...

A coalition of 59 organizations on Wednesday sent a letter to U.S. Federal Communications Commission Chairman Tom Wheeler calling on him to get cracking on privacy protection rules for consumers. The groups include consumer advocates such as Consumer Watchdog and the Chicago Consumer Coalition as we...

Apple this week released a diversity report showing that initiatives to broaden the makeup of its U.S. workforce haven't been as successful as CEO Tim Cook suggested last year. The EEO-1 report filed with the federal government covers Apple's 2015 hires in the United States. Its numbers vary widely ...

Streaming media services, including Dish Network-owned Sling TV, could help make up for losses in traditional pay TV subscribers, ESPN President John Skipper said an interview with The Wall Street Journal published Tuesday. However, he also expressed frustration with Apple's attempts to date in the ...

The Federal Trade Commission is extending its regulatory reach to the e-commerce impact of big data. For years, the FTC has asserted vigorously its authority to apply consumer protection laws to emerging developments in the IT realm. Now it is signaling that it will apply that same vigor to big data...

Privacy advocates from around the globe have taken heart from reports that Apple CEO Tim Cook pushed hard against the Obama administration's efforts to reach a compromise on encryption during a recent Silicon Valley meeting. Cook earlier this month joined a delegation of social media and technology ...

Netflix last week announced it will crack down on members using proxies or unblockers to access titles from overseas. That follows the company's announcement at CES 2016 earlier this month of a global rollout that has it offering streaming content in 190 countries. The problem is that not all of Net...

Foursquare on Thursday announced that cofounder Dennis Crowley has assumed a new executive role, and that it has raised $45 million in a new round of funding led by Union Square Ventures. Crowley has moved from his perch as CEO into the newly created position of executive chairman, which will let hi...