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. ...
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.
Funds with Facebook hammered as proxy by shorts
(Reuters) - Some investment funds have paid a price for their friendship with Facebook since the social networking giant went public last week. Firsthand Technology Value Fund and GSV Capital Corp, two closed-end funds that bought shares of the social media company before the IPO, have taken a beating, used as proxies for betting against Facebook. "Until investors can actually short Facebook, they have to keep shorting things that can give them some sort of proxy for Facebook," said Thomas Vandeventer, manager of the Tocqueville Opportunity Fund, which owns shares in both closed-end funds. ...
Watch: Grad Gadget Gift Guide
Speakers, Apple TV, Tablets: Great graduation gift ideas for tech-savvy grads.
Follow the Kentucky and Arkansas Primaries on Social Media
Mitt Romney still hasn't crossed the threshold to have locked up the Republican nomination for president, even though he's more than 800 delegates ahead of his nearest rival, Ron Paul. Thus, the primaries continue on. Tuesday night is election night in Kentucky and Arkansas -- and social media will be ablaze with tweets, twitpics and video from the night's voting action.
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. ...
