Benjamin Ling, a former Google, Facebook and YouTube is joining Khosla Ventures. Most recently Mr. Ling was chief operating officer at Badoo, where he oversaw product, engineering, marketing, operations, business development and corporate development. While serving in executive roles, he…
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Corporate News
Amazon Hiring, Expanding In Fairfax
May 22, 2013
Amazon is expanding in Fairfax county. The company plans to establish a new office in the Herndon area of Fairfax County to support IT engineering and services for commercial and government customers of Amazon Web Services, an Amazon.com company. The company will…
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OtterBox Acquires Rival Company Lifeproof
May 22, 2013
OtterBox has acquired LifeProof. The financial details and terms of the agreement are confidential. Over the next month, it will begin incorporating the LifeProof brand into the OtterBox family, says OtterBox. Brian Thomas (CEO, OtterBox): Our goal in this acquisition…
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HP Reports Second Quarter 2013 Results
May 22, 2013
HP released financial results for its second fiscal quarter ended April 30, 2013. Second quarter earnings per share (EPS) was 55 cents, down from 80 cents in the prior-year period, higher than its outlook of 38 cents to 40 cents…
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Intuit Restructuring Company Organization
May 20, 2013
Intuit is revamping its organizational structure. The realignment comes as the company increases its focus on two strategic outcomes – being the world’s small business operating system, and providing solutions to do the nations’ taxes in the U.S. and Canada –…
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Yahoo NYC Moving Into New York Times Building
May 20, 2013
The New York City-based Yahoo team will move into a four-story space just around the corner from Times Square, and take over a portion of the building in Manhattan, which was home to the New York Times for nine decades.…
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Yahoo’s $1.1B Tumblr Deal, And A Promise To Not Screw Up
May 20, 2013
Yahoo is acquiring blogging platform Tumblr in a $1.1 billion deal, substantially all of which is payable in cash. The transaction, which is subject to customary closing conditions, is expected to close in the second half of the year. Following the…
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NASA, Google, USRA Get A Quantum Computer
May 19, 2013
D-Wave Systems’ new 512-qubit quantum computer, the D-Wave Two, will be installed at the new Quantum Artificial Intelligence Lab, a collaboration among NASA, Google and the Universities Space Research Association (USRA), says the company. Installation has already begun at NASA’s…
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Former IBM CEO To Head Bloomberg Data Privacy Review
May 18, 2013
Bloomberg has appointed Samuel J. Palmisano, the former chairman and CEO of IBM, to serve as an independent adviser regarding the company’s privacy and data standards. Mr. Palmisano will undertake a review of the company’s current practices and policies for…
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Newegg Wins Alcatel-Lucent Patent Appeal
May 18, 2013
The U.S. Court of Appeals for the Federal Circuit has affirmed online electronics retailer Newegg’s 2011 victory against Alcatel-Lucent, in a patent infringement lawsuit, says Newegg. Lee Cheng (Chief legal officer, Newegg): To date, we have invalidated four e-commerce patents that…
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