Tech-Biz
Why Silicon Valley won't dump Morgan Stanley
Morgan Stanley adjusting some Facebook trades
Morgan Stanley will adjust thousands of trades to ensure outstanding limit orders to sell will be filled at no more than $42.99 a share for Facebook stock from last Friday's botched initial public offering, the firm told its brokers on Thursday, according to several who listened to the call.
Yahoo! moves to reclaim Internet search crown
SAN FRANCISCO - Yahoo! on Wednesday set out to reclaim the Internet search crown from Google with the release of software that transforms the way users explore the Web using Apple's coveted gadgets.
Jury deals blow to Oracle in case vs. Google
SAN FRANCISCO - Google Inc's Android mobile platform has not infringed Oracle Corp's patents, a California jury decided, putting an indefinite hold on Oracle's quest for damages in a legal fight between the two Silicon Valley giants over smartphone technology.
Hewlett Packard to lay off about 27,000 workers
SAN FRANCISCO - Hewlett Packard Co plans to lay off roughly 27,000 employees or about 8 percent of its workforce over the next couple of years to jumpstart growth and save up to $3.5 billion annually, sending its shares 11 percent higher.
Google completes Motorola Mobility takeover
SAN FRANCISCO - Google closed Tuesday its $12.5 billion deal for Motorola Mobility, a key manufacturer of smartphones and other devices that puts the Internet giant in head-to-head competition with Apple.
Facebook advised analysts to cut forecasts before float
As Facebook officials traveled the country to talk up the company's $16 billion initial public offering this month, the social networking giant advised analysts for underwriters to reduce revenue and earnings forecasts, said people with direct knowledge.
Facebook settles US suit on 'sponsored stories'
SAN FRANCISCO - Facebook has settled a lawsuit alleging the social network improperly used members for advertising purposes without their consent in so-called "sponsored stories," court documents showed Tuesday.