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News

• Storage and servers will help boost IT spending, says IDC

  Worldwide IT spending will grow by 4.6 percent this year, as enterprises look to upgrade storage, servers and networking equipment, according to market research company IDC.

• Bitcoin regulation urged by law enforcement officials at New York hearing

  Law enforcement officials urged regulatory authorities to issue rules for virtual currencies at a New York public hearing Wednesday, as entrepreneurs pointed to the growing acceptance of the Bitcoin system and the need to attract major cybercurrency exchanges to the U.S.

• Bitcoin regulation urged by law enforcement officials at New York hearing

  Law enforcement officials urged regulatory authorities to issue rules for virtual currencies at a New York public hearing Wednesday, as entrepreneurs pointed to the growing acceptance of the Bitcoin system and the need to attract major cybercurrency exchanges to the U.S.

• Samsung opens 60 dedicated stores in Europe with Carphone Warehouse

  Samsung Electronics is joining forces with retailer Carphone Warehouse to create 60 dedicated Samsung stores in Europe, hoping that will help keep the growing competition in the Android smartphone market at bay.

• Bitcoin investors, legal experts grilled by New York regulators

  Bitcoin could gain widespread acceptance if clear government rules are put in place, but burdensome regulations could clip the wings of a fledgling industry, some of the biggest names in Bitcoin investing said at a New York public hearing Tuesday.

• Qualcomm buys Palm, iPaq patents from HP

  Qualcomm has acquired a large patent portfolio related to Palm, iPaq and the Bitfone device management platform from Hewlett-Packard for an undisclosed sum.

• Wall Street Beat: VC money pours back into Internet companies

  Venture capitalists poured more money into Internet companies last year than they have since the dot-com bust, according to a survey published Friday.

• Orange looks to expand mobile gaming with G-cluster stake

  French network operator Orange has acquired a minority stake in the Japanese company G-cluster Global, as it looks to accelerate its mobile gaming push.

• Gartner: Global IT spending will grow slightly in 2014

  Global spending on IT and telecom products and services will grow 3.1 percent between 2013 and 2014, compared to just 0.4 percent a year earlier, with enterprise software spending driving much of the growth, according to Gartner projections.

• Global IT spending outlook 'better but subpar' for 2014, Forrester says

  Global spending on technology will rise 6.2 percent in U.S. dollars to US$2.22 trillion in 2014, helped by an improving economy and growing interest in areas such as mobility and cloud computing, according to new data from Forrester Research.

• Box fuels international expansion with new funding

  Investments from network operators Telstra, Telefónica and others will help fuel Box's international expansion.

• Foxconn invests US$40 million in Pennsylvania to tap research, talent

  Don't expect any U.S.-made iPhones yet, but electronics supplier Foxconn Technology Group is expanding its manufacturing presence in the nation with a new US$40 million investment to tap research and talent in Pennsylvania.

• Vodafone increases network investments to give its European fortunes a boost

  Vodafone now plans to invest £7 billion (US$11.1 billion) in network and service improvements to turn around its sagging service revenue in Europe, the mobile operator said as it announced its results for six months to Sept. 30.

• Foxconn mulls building TVs, display panels in Arizona

  Aiming to produce more electronics with the "Made in USA" label, Foxconn Technology Group said Saturday it was considering setting up a factory in Arizona to possibly build TVs, display panels and product casings.

• Facebook expands in Europe as it scoops up new employees

  Facebook is moving to bigger offices in London and Dublin to accommodate its rapidly expanding European workforce.