Apple, Amazon Deny Report on Chinese Spy Chips on Their Servers

China secretly inserted surveillance microchips into servers used by major technology companies, including Apple and Amazon.com, in an audacious military operation likely to further inflame trade tensions between the United States and its leading source of electronics components and products, Bloomberg Businessweek reported Thursday morning. The article detailed a sweeping, years-long effort to install the surveillanceRead More

SiriusXM to Buy Pandora in $3.5 Billion Stock Deal

Satellite radio company Sirius XM Holdings said on Monday it would buy music-streaming service provider Pandora Media in an all-stock deal valued at about $3.5 billion (roughly Rs. 25,000 crores). Pandora shareholders will receive a fixed-exchange ratio of 1.44 newly-issued SiriusXM shares for each share they hold. The implied price of Pandora common stock is $10.14 per share,Read More

Flipkart Said to Be Eyeing Stake in Hotstar

Walmart’s Flipkart unit is in talks to buy a stake in Star India’s video streaming service Hotstar, the Mint daily reported on Monday, stepping up the e-commerce firm’s battle with Amazon.com by expanding into video content. Flipkart’s reported talks with Hotstar come at a time when there is high demand in the country for video streaming services like Netflix and Amazon Prime Video, which offerRead More

PayPal Reports Rise in Profits, Weak Transaction Volumes

Payment processor PayPal Holdings Inc, spun off from eBay Inc reported quarterly revenue slightly below analysts’ expectations as a strong dollar hurt its transaction volumes in China and Europe. Shares of PayPal, which listed for the second time on the Nasdaq in July, fell 5.6 percent in extended trading on Wednesday. PayPal’s third-quarter revenue roseRead More

Oracle to Build High School on Its Silicon Valley Campus

Oracle founder Larry Ellison already owns an island in Hawaii. Now, his company is building a high school next to its Silicon Valley headquarters to help fulfill Ellison’s desire to teach students more about technology and problem-solving. The plan unveiled Tuesday at an Oracle customer conference calls for the business software maker to complete theRead More

Internet Freedom Falls for Fifth Year in Row

Global online freedom declined for a fifth consecutive year as more governments stepped up electronic surveillance and clamped down on dissidents using blogs or social media, a survey showed Wednesday. The annual report by non-government watchdog Freedom House said the setbacks were especially noticeable in the Middle East, reversing gains seen in the Arab Spring.Read More

Oracle Says Fully Supports 'Digital India' Initiative

Giving a fillip to Oracle CEO Mark Hurd’s commitment to expand its base amid a positive mood in India, top Oracle executive Thomas Kurian announced that the leading cloud services provider fully supports the latest digital initiatives launched by the Indian government. “Oracle is committed towards Prime Minister Narendra Modi’s ambitious ‘Digital India’ initiative. InRead More