AOL would lay off half of the personnel in its local news sites unit Patch as well as shutter of consolidate approximately 150 of its 900 websites.
Sectors
Yahoo appoints Webb as chairman in Mayer's turnaround drive
Yahoo Inc named Maynard Webb as the company's chairman, as Marissa Mayer continued her efforts to turn the internet corporation around.
BlackBerry resources could appeal investment
Analysts disclosed that BlackBerry's assets could attract investors. Reports have resounded Blackberry's confirmation in contemplating alternatives to boost the company position up, including a sale of the company In connection to this, Reuters divulged an overview of BlackBerry's resources in a report that may entice investors.
1,000 Instagram likes is worth USD30 with new fraud twist
According to cyber experts at RSA, the Zeus virus, widely utilized to embezzle credit card data, was recently altered to generate fake likes in Instagram and other social media sites.
BlackBerry to go private as quick fix for dropping shares
BlackBerry could go private to help improve market value. BlackBerry finds itself on the verge of going private, according to analysts in a Reuters report.
Latest News
Forrester Research Inc said concerns regarding the Prism spy project of the US National Security Agency could cost US companies USD180 million worth of business in the IT service market.
Daniel Loeb's hedge fund Third Point LLC purchased a USD113.7 million stake in Walt Disney Co. The Third Point LLC of Daniel Loeb purchased a USD113.
US District Judge William Alsup said singer songwriter Chubby Checker could sue Hewlett Packard Co for infringing his trademarked name.
Groupon stocks dropped by 4.2% to USD9.78 after Tiger Global Management LLC cut its stake in the company.
A source said Sony Corp reached a preliminary agreement with Viacom Inc. for television streaming services.
Studies by financial analysts indicated that the banking sector is recovering and may regain top spot on S & P.
Sequoia Capital raises US$1.1 billion of funds from five new ventures in Israel, China and the United States.
Chris Hagstrom was appointed head of prime brokerage for the U.S. by Switzerland's largest bank, UBS.
Itau Unibanco Holding SA will contest tax charges amounting to BRL18.7 billion (USD7.9 billion). Latin America's largest bank in terms of market value, Itau Unibanco Holding SA received tax charges amounting to BRL18.
