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News

• Sprint moves on CEO, T-Mobile bid signal transition

  Mobile carrier Sprint faces an uncertain future after announcing it is replacing long-time CEO Dan Hesse and reportedly abandoning its bid to by competitor T-Mobile USA.

• Sprint names new CEO after giving up on T-Mobile acquisition

  Sprint has named Marcelo Claure to replace Dan Hesse as president and CEO, after giving up on its effort to acquire T-Mobile USA.

• LinkedIn pays almost $6M for wage law violations

  Professional networking company LinkedIn agreed to pay close to US$6 million in overtime back wages and damages to employees at its branches in California, Illinois, Nebraska and New York, the U.S. Department of Labor said Monday.

• MongoDB snags key Oracle engineer

  Upstart NoSQL software vendor MongoDB has snagged a key engineer from the ranks of Oracle, the company's largest competitor in the database software market.

• CIOs and CMOs failing to communicate

  At the heart of any good relationship is communication, yet a new study shows that CIOs and CMOs are terrible at it. They're not speaking the same language, bicker about the tech budget and argue over who should take ownership of mobile apps.

• Uber, Airbnb go after businesses

  Uber and Airbnb, which have already proved popular with travelers and urbanites with smartphones, have unveiled new features and links to other services designed to attract more business users.

• Oracle slashes Larry Ellison's stock options following shareholder discontent

  Oracle has granted CEO Larry Ellison 3 million stock options, a significant reduction from the 7 million options he received in previous years, according to a regulatory filing.

• Twitter employees mainly male and white, says it has 'lot of work to do'

  Twitter disclosed the gender and ethnicity breakdown of its employees on Wednesday, less than a week after U.S. civil rights leader Rev. Jesse Jackson called on the company to release its employee diversity information.

• Apple hit with class action lawsuit for alleged labor rule violations

  Apple faces in a state court in California a class action suit that its employees were not provided timely meal breaks, rest breaks and final paychecks, according to the lawyer for the employees.

• New BlackBerry COO is ex-Sybase exec Marty Beard

  BlackBerry has recruited a new chief operating officer, Marty Beard, recently CEO of cloud customer service company LiveOps and before that an executive at Sybase.

• Jesse Jackson demands Twitter release employee diversity data

  U.S. civil rights leader Rev. Jesse Jackson has called on Twitter to release its employee diversity information, which its Silicon Valley peers such as Google, Yahoo, LinkedIn and Facebook have already done.

• CEO Whitman to chair HP's board

  Two days after Hewlett-Packard said its chairman had resigned due to ill health, the company has named a replacement: President and CEO Meg Whitman.

• Microsoft to lay off 18,000 in next year

  Microsoft has announced that it will cut its workforce by up to 18,000 jobs, or 14 per cent, in the next year, as part of a broad effort to streamline the company in the wake of its acquisition of phone-maker Nokia.

• HP chairman resigns due to ill health

  Ralph Whitworth, who'd been chairman of Hewlett-Packard for just over a year, is resigning from his job for health reasons, HP said on Tuesday.

• Like other tech giants, Facebook is very white and very male

  Facebook has followed Google and Yahoo in revealing just how diverse its workforce is, and just like the other two tech giants, it's a whole lot white and a whole lot male.