AP Technology NewsBrief at 9:47 p.m. EST
(Associated Press Via Acquire Media NewsEdge) Chinese e-commerce giant Alibaba names new CEOBEIJING (AP) _ Alibaba Group, one of the world's biggest e-commerce companies, said Monday its executive vice president will succeed founder Jack Ma as chief executive. Ma, 48, announced in January he was stepping down as CEO to make way for younger leaders. He stayed on as chairman.
Sheryl Sandberg: On a mission to elevate womenSheryl Sandberg is not backing down. The Facebook chief operating officer's book "Lean In: Women, Work, and the Will to Lead" goes on sale Monday amid criticism that she's too successful and rich to lead a movement. But Sandberg says her focus remains on spurring action and progress among women.
What you 'like' on Facebook can be revealingLONDON (AP) _ Clicking those friendly blue "like" buttons strewn across the Web may be doing more than marking you as a fan of Coca-Cola or Lady Gaga. It could out you as gay.
Icahn signs confidentiality agreement with DellBillionaire investor Carl Icahn, who is fighting Dell Inc. founder Michael Dell's plan to take the struggling company private, has entered a confidentiality agreement that would give him access to the computer maker's financial records. Michael Dell, who is also Dell's CEO, is planning a $24.4 billion buyout that would make the Round Rock, Texas, company a privately owned business. But Icahn and other investors say the price of $13.65 per share is too low.
HP's Autonomy allegations trigger another inquiryPALO ALTO, Calif. (AP) _ British authorities have opened an investigation into Hewlett-Packard's allegations that the personal computer maker was duped when it bought business software maker Autonomy, according to regulatory documents filed Monday. The inquiry by the U.K. Serious Fraud Office is the latest legal fallout from a deal that has saddled Hewlett-Packard Co. with massive losses and depressed its stock price. The U.S. Justice Department started looking into the matter late last year, shortly after HP accused Autonomy employees of fabricating sales in a ruse that drove up the company's sale price.
Financial info on celebs, officials leaked onlineLOS ANGELES (AP) _ Authorities and celebrities were grappling Monday with how to respond to a website that posted what appears to be private financial information about top government officials and stars such as Jay-Z and Mel Gibson. Los Angeles police said they were investigating how the Social Security number, address and a credit report of the police chief ended up on the site. The site also posted the same information about FBI Director Robert Mueller; the bureau said it was aware of the site but declined to say whether it was investigating.
Time spin-off highlights risks facing magazinesLOS ANGELES (AP) _ From Sports Illustrated to People to its namesake magazine, Time Inc., was always an innovator. But now when the troubled magazine industry is facing its greatest challenge, the company Henry Luce founded is struggling to find its way in a digital world. Time Warner Inc.'s decision to shed its Time Inc. magazine unit last week underscores the challenges facing an industry that remains wedded to glossy paper even as the use of tablet computers, e-readers and smartphones explodes.
Many left behind as Silicon Valley reboundsSAN JOSE, Calif. (AP) _ On a morning the stock market was sailing to a record high and a chilly storm was blowing into Silicon Valley, Wendy Carle stuck her head out of the tent she calls home to find city workers duct taping an eviction notice to her flimsy, flapping shelter walls. "I have no idea where I'm going to go," she said, tugging on her black sweatshirt over her brown curls and scooping up Hero, an albino dog.
Google cutting 1,200 more Motorola jobsNEW YORK (AP) _ Google is cutting an additional 1,200 jobs in its Motorola division as the unprofitable cellphone maker struggles to compete. Last summer, Google Inc. announced 4,000 Motorola job cuts. The latest reductions are in addition to those and will be in countries including the U.S., China and India.
Correction: HP Shareholder Revolt storyNEW YORK (AP) _ In a story March 8 about mounting opposition to several members of Hewlett-Packard Co.'s board of directors, The Associated Press reported erroneously that the advisory firm Institutional Shareholder Services is recommending HP's stockholders oppose the re-election of director Marc Andreessen at the company's March 20 annual meeting. ISS is recommending a vote in favor of Andreessen. The story should have reported that another advisory firm, Glass Lewis, is recommending HP shareholders oppose Andreessen's re-election and reported that ISS is opposing the re-election of HP Chairman Ray Lane, in addition to two other directors.
(c) 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
[ Back To Technology News's Homepage ]