Don't-Miss Business Stories

Veteran tech workers see themselves locked out of job market [infographic]

Many tech companies have called for the U.S. Congress to ease restrictions on high-skill immigration because they can't find qualified tech workers to fill open positions. Yet, many veteran IT tech workers say they can't find jobs.

Jolla CEO steps down to focus on Sailfish OS development

The CEO of Finnish smartphone upstart Jolla is stepping down to focus his energy on the development of the Sailfish operating system as the company gets ready to show its first product later this month.

Intel’s next-gen CEO must get inside next-gen devices

With Brian Krzanich and his manufacturing prowess at the helm of Chipzilla, expect it to keep trying to out-engineer the competition.

Hedge fund manager sentenced in Dell insider trading case

A former portfolio manager at the now defunct Diamondback Capital Management has been sentenced to 54 months in prison for crimes related to a multimillion dollar insider trading scheme involving computer maker Dell and hardware maker Nvidia.

AMD thinks beyond PCs with new custom chip division

Armed with a contract to build chips for Sony's PlayStation 4 gaming console, AMD is trying break away from its heavy reliance on the slumping PC market with a new custom chip unit.

Oracle takes stake in ingestible health sensor maker

Aiming at health care as a key vertical market, Oracle has taken a minority stake in medical device maker Proteus Digital Health, which sells ingestible and wearable sensors for tracking health-related information.

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To give back to investors, Apple goes for massive bond deal

In an effort to return cash to investors, Apple is reaching out to the debt market and offering $17 billion in bonds, the biggest non-bank bond offering in history, according to a report by The Wall Street Journal.

Samsung and Intel invest in speech analysis company Expect Labs

Intel Capital, Samsung Venture Investment and Telefónica Digital have all invested in Expect Labs, whose technology is used to analyze and understand conversations in real-time and find related information.

Softbank: No change in Sprint Nextel offer in response to Dish Network

Softbank's CEO, in a battle with Dish Network to acquire U.S. mobile operator Sprint Nextel, slammed a US$25.5 billion offer made by Dish, saying it is based on "imaginary" numbers and would create a company with "insane" amounts of debt.

Intel backs SoftBank's bid for Sprint Nextel

Intel has backed SoftBank's bid for Sprint Nextel, citing that the deal would bring needed competition in the wireless space in the U.S.

HP announces Converged Systems business, unifies server divisions

Hewlett-Packard on Monday said it has created a business unit that will deal in purpose-built systems based on specific applications and usage models, and also announced the reorganization of its server unit.

Wall Street Beat: Earnings highlight smartphones as key to growth

With Apple reporting a decline in profit margins and Samsung consolidating its leadership in the mobile device market, earnings results and market research reports this week point to the ever-increasing importance of smartphones as key to growth in tech.

Hackers increasingly target shared Web hosting servers for use in mass phishing attacks

Cybercriminals increasingly hack into shared Web hosting servers in order to use the domains hosted on them in large phishing campaigns, according to a report from the Anti-Phishing Working Group (APWG).

smartphones

LG sales help smartphones overtake feature phones

LG Electronics more that doubled its sales of smartphones in the first quarter, which was the first time smartphones outsold feature phones, according to market research company IDC.

China's Baidu reports weaker profit growth in Q1

China's largest search engine Baidu reported slowing profit growth in this year's first quarter on Friday, as the company's research and development costs, along with promotion expenses, soared.