Why Facebook still doesn't look cheap

If you were thinking of picking up a few shares of Facebook last week, when it went public at a price of $38, you might be seriously tempted now that the stock has fallen $7 in two days.

Facebook looks to settle 'sponsored story' suit

Web series touts funky concept snowboards

New York City airports install new, expensive holograms to help you find your way

Robotic fish may soon scan for pollution off the coast of Spain

This Kickstarter for Startups Will Trade Equity for Funding

SAP to buy Ariba for $4.5B, extending cloud push

New ad zapper has TV networks worried about sales

Google completes Motorola deal, heralding new era

Google has completed its $12.5 billion purchase of device maker Motorola Mobility in a deal that poses new challenges for the Internet's most powerful company as it tries to shape the future of mobile computing.

ICANN resumes bids for new Internet suffixes

Savored Android app supplies the meal deals

Best Buy tops expectations in Q1, online revenue and mobile sales up

Best Buy on Tuesday reported results for the first quarter of 2012. The electronics retail giant posted better-than-expected earnings per share, despite declining store sales. Revenue came in at $11.6 billion, ahead of analysts’ consensus of $11.52 billion, and non-GAAP earnings came in at $0.72 per share, up 11% from the same quarter in 2011 and beating the Street’s estimates of $0.59 per share. Domestic online revenue rose by 20%, and domestic mobile-phone sales increased by 13%. “Best Buy is in a turnaround, and the strategic priorities we laid out at the beginning of the year are just the first phase of the changes to come,” said Mike Mikan, CEO (interim) of Best Buy. “We know we have to better

SEC, FINRA to review Facebook issues, Nasdaq sued

(Reuters) - Two top U.S. financial regulators said the issues around the initial public offering of Facebook should be reviewed, putting fresh pressure on the company, its embattled lead underwriter and the Nasdaq. After Friday's nearly flat close and Monday's 11 percent plunge, Facebook shares closed 8.9 percent lower at $31 on volume of 101 million shares. At that price the company has shed more than $19 billion in market capitalization from its $38-per-share offering price last week. ...

Microsoft says 350 million Windows 7 devices will ship by the end of 2012

Despite the fact that Windows 8 is expected to launch in October, Microsoft still has high hopes for its Windows 7 operating system. The software giant predicts that 350 million Windows 7 devices will ship by the end of 2012, Bloomberg reported. “It makes Windows the most popular single system,” Microsoft CEO Steve Ballmer said at a forum in Seoul, South Korea, although he didn’t provide any figures for comparison. Windows 7 was released in October 2009 and within two years, the operating system surpassed Windows XP to become the world’s most popular OS. Read

Facebook settles lawsuit over "Sponsored Stories"

Analysis: Did banks cross the line in Facebook research calls?

Morgan Stanley defends Facebook IPO procedures

Nasdaq shareholders mum on Facebook IPO

Facebook IPO shows galactic divide between investors

Funds with Facebook hammered as proxy by shorts

Exclusive: Massachusetts subpoenas Morgan Stanley for Facebook

SAP to buy Ariba, boosts cloud bet

SAN FRANCISCO (Reuters) - Top European software company SAP AG plans to buy Ariba Inc in a deal valuing the business and commerce network company at $4.3 billion, its latest maneuver against Oracle in the fast-growing Internet-based computing market. SAP is taking aim at Oracle, the world's No. 2 maker of business management software, as they vie with Salesforce.com Inc in the multibillion dollar cloud-computing services market, one of the industry's hottest area of growth. Shares in Ariba, which were halted briefly, leapt 20 percent to SAP's offer price of about $45 per share. ...

Kleiner partner sues firm for discrimination

80% of mobile banking apps may have security flaws

Neal O’Farrell, executive director of the nonprofit Identity Theft Council, spoke about the seriousness of mobile security as part of San Francisco Small Business Week, Cult Of Mac reported. “There were more data breaches than U.S. residents last year and more cases of identity theft than just about all other crimes combined,” O’Farrell said, adding that unless users are encrypting their devices, they are essentially asking for trouble. “You’ve got to wake up [and] protect yourself, even if you use a Mac,” he said, citing the massive Flashback virus that affected more than 600,000 Mac computers. O’Farrell went on to warn that, “Eight out of ten mobile banking apps have security flaws, but Apple and the banks don’t want you

Take-Two 4Q loss triples but sales beat forecast

R.R. Donnelley buying Edgar Online for $39M

Insight: Morgan Stanley cut Facebook estimates just before IPO

(Reuters) - In the run-up to Facebook's $16 billion IPO, Morgan Stanley, the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank's consumer Internet analyst, Scott Devitt, was reducing his revenue forecasts for the company. The sudden caution very close to Facebook's initial public offering - while an investor road show was under way - was a big shock to some, said two investors who were advised of the revised forecast. ...

How Tech Savvy Are Today's Dads? [INFOGRAPHIC]

Website address 'revolution' back in motion

The Internet domain name "revolution" was back in action Tuesday with the agency in charge of website addresses once again taking applications for online neighborhoods breaking the ".com" mold.

Nasdaq shareholders mum on Facebook IPO

NEW YORK (Reuters) - Not a single shareholder asked a question at Nasdaq OMX's annual meeting on Tuesday, just days after the exchange operator bungled Facebook's widely anticipated market debut, which helped launch the new stock into a three-day slide. When Nasdaq Chairman H. Furlong Baldwin called for questions at the Tuesday morning meeting in New York, he got eight seconds of silence. Technical glitches marred Facebook's IPO on Nasdaq's exchange on Friday, delaying the social networking giant's market debut by 30 minutes and delaying order confirmations for hours afterward. The U.S. ...

Facebook IPO shows galactic divide between investors

This Kickstarter for Startups Will Trade Equity for Funding

Facebook settles lawsuit over "Sponsored Stories"

Summary Box: Google takes control at Motorola

Auto-Correct Is Not Ruining Spelling

Today in studies that claim the Internet is ruining our lives, the BBC informs us that auto-correct and spellcheckers have turned us into a bunch of illiterate idiots. But our spelling has been degrading for much longer than iPhone auto-correct has been around. In a survey of more than 2,000 British people, one third of the participants could not spell definitely and two-thirds could not spell separate. While that does sound scary, the survey doesn't indicate whether spelling is rising or falling in Britannia. ...

Dell results disappoint Street, shares dive

SAN FRANCISCO (Reuters) - Dell Inc forecast disappointing second-quarter revenue as U.S. and European corporate tech spending weakens and consumer personal computer sales continue to shrink, hammering its shares. Shares in the company, which like rival Hewlett-Packard Co is losing market share to mobile devices such as Apple Inc's iPad, dived more than 11 percent in after hours trade. The world's No. 3 PC maker forecast a 2 to 4 percent revenue gain this fiscal quarter, to $14.7 billion to $15 billion, well short of the $15.4 billion Wall Street had been expecting. ...

WikiLeaks launches encrypted social network

Backers of the whistle-blowing organisation WikiLeaks recently launched Friends of WikiLeaks (FoWL), an encrypted social network for like-minded individuals. “Friends of WikiLeaks is a network of people from across the globe who defend WikiLeaks, its people, its alleged sources and its mission,” the website’s homepage says. “We publicly and privately promote WikiLeaks and individuals and organisations aligned with the mission of WikiLeaks. This site will help you to join with people like you in your area and across the world. You will make new friends and new allies, care for treasured values and fight in common cause.” Instead of having users find people to friend, as is the case with Facebook and Google+, Friends of WikiLeaks will assign users 12 friends each,

Savored Android app supplies the meal deals

Avago Technologies 2Q profit falls slightly

SAP to buy Ariba, boosts cloud bet

(Reuters) - Top European software company SAP AG plans to buy U.S. software maker Ariba Inc in a deal valuing the company at $4.3 billion in a bid to compete more aggressively against rival Oracle in the fast-growing cloud computing market. SAP and Ariba, a darling of the first dotcom boom that has since reinvented itself as a major networking and online commerce software developer, have agreed to the acquisition at $45 a share, a 20 percent premium over Monday's closing price. ...