SAP to buy Ariba, boosts cloud bet
SAN FRANCISCO (Reuters) - Top European software company SAP AG plans to buy Ariba Inc in a deal valuing the business and commerce network company at $4.3 billion, its latest maneuver against Oracle in the fast-growing Internet-based computing market. SAP is taking aim at Oracle, the world's No. 2 maker of business management software, as they vie with Salesforce.com Inc in the multibillion dollar cloud-computing services market, one of the industry's hottest area of growth. Shares in Ariba, which were halted briefly, leapt 20 percent to SAP's offer price of about $45 per share. ...
Watch: TechBytes: WiFi, File Sharing
Five cable operators will team up to give customers more access to WiFi.
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. ...
80% of mobile banking apps may have security flaws
Neal O’Farrell, executive director of the nonprofit Identity Theft Council, spoke about the seriousness of mobile security as part of San Francisco Small Business Week, Cult Of Mac reported. “There were more data breaches than U.S. residents last year and more cases of identity theft than just about all other crimes combined,” O’Farrell said, adding that unless users are encrypting their devices, they are essentially asking for trouble. “You’ve got to wake up [and] protect yourself, even if you use a Mac,” he said, citing the massive Flashback virus that affected more than 600,000 Mac computers. O’Farrell went on to warn that, “Eight out of ten mobile banking apps have security flaws, but Apple and the banks don’t want you
SpaceX: Multimillionaire's Ship in Orbit
The SpaceX Falcon rocket launch came off successfully this morning; carrying routine supplies for the International Space Station -- and maybe beginning a new era, in which private enterprise handles missions only NASA could before.
Facebook looks to settle 'sponsored story' suit
Facebook is close to settling a lawsuit over advertisements it calls "sponsored stories."
