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  • *Citi lowers forecasts on global smartphone sector. The STOXX Europe 600 Technology Index was down 2.4 percent at 1315 GMT, tracking a similar decline in the United States concentrated among semiconductor companies overnight. Traders said one reason for the pull-back was a note by U.S. investment bank Citigroup, which on Thursday cut its forecasts for the...

  • MUMBAI, March 26- A group of investors led by Japanese mobile telecom firm SoftBank Corp is in talks to buy a 20 percent stake in Indian handset maker Micromax Informatics IPO-MINF.NS> for up to $1 billion, two people aware of the discussions said. The investment would value Micromax, an unlisted provider of affordable smartphones that competes with South...

  • MUMBAI, March 26- A group of investors led by Japanese mobile telecom firm SoftBank Corp is in talks to buy a 20 percent stake in Indian handset maker Micromax Informatics for up to $1 billion, two people aware of the discussions said. The investment would value Micromax, an unlisted provider of affordable smartphones that competes with South Korea's Samsung...

  • March 25- Red Hat Inc, the world's largest commercial distributor of the Linux operating system, forecast a profit for the first quarter that matched analysts' estimates despite warning on a strong dollar hurting its revenue. Red Hat shares were up 5 percent in after-market trading on Wednesday after the company's profit beat the average analyst estimate for...

  • Uber sets up response teams as safety concerns rise Wednesday, 25 Mar 2015 | 5:17 PM ET

    Uber will form a safety advisory board comprising independent experts to review its practices and advise on adding safety features to its platform, the company's global safety head Phillip Cardenas said in blog post on Wednesday. The measures come in the wake of Brussels police arresting a taxi driver who confessed to taking part in several incidents of...

  • March 25- Red Hat Inc, the world's largest commercial distributor of the Linux operating system, reported revenue and profit that beat estimates, as the company benefits from higher demand for open-source software and its cloud-based products. Shares of Red Hat, whose customers include Adobe Systems Inc and Verizon Communications Inc, rose 4.5 percent in...

  • RALEIGH, N.C.— Red Hat Inc. said Wednesday its net income grew in the fiscal fourth quarter as subscriptions increased, and shares of the open-source software company rose in late trading. Excluding one-time items, Red Hat said it earned 43 cents per share. Red Hat reported $405.1 million in subscription revenue for the three-month period that ended Feb. 28.

  • March 25- Red Hat Inc, the world's largest commercial distributor of the Linux operating system, reported a 16 percent jump in quarterly revenue, as the company benefits from increasing adoption of open-source software and its cloud-based products. The company's net income rose to $47.7 million, or 26 cents per share, in the fourth quarter ended Feb. 28, from $45.1...

  • MUMBAI, March 25- India raised a record $17.6 billion from the sale of mobile phone airwaves in its latest telecom spectrum auction after 19 days of fierce bidding, the country's telecoms minister said on Wednesday. Ravi Shankar Prasad said the government received bids worth almost 1.10 trillion rupees, topping the 1.06 trillion rupees it raised in 2010. The...

  • MUMBAI, March 25- India's third-largest IT services exporter Wipro is setting up a "commando force" unit next month that will target clients seeking to speed up automation and do more business online, an executive told Reuters. "We believe there is a lot of opportunity and a lot of money that our clients can save and that we can make," Kohli, the former head of Wipro's...

  • Lexmark to buy Kofax in deal valued at about $1B Tuesday, 24 Mar 2015 | 6:32 PM ET
    Lexmark printer

    Printer maker Lexmark International said it would buy customer management software maker Kofax for an enterprise value of about $1 billion.

  • OLYMPIA, Wash.— Washington state's insurance commissioner announced Tuesday a multistate investigation into this winter's cyberattack on Premera Blue Cross. Insurance Commissioner Mike Kreidler said he plans to work with his counterparts in Alaska and Oregon to look into operations at Premera, which is based in Mountlake Terrace, Washington.

  • March 24- Lexmark International Inc, known for its printers, said it would buy Kofax Ltd for about $1 billion to double the size of its enterprise software business. Lexmark's $11 per share cash offer represents a 46.7 percent premium to Kofax stock's Tuesday close of $7.50 on the Nasdaq. Goldman Sachs and Co is the financial adviser to Lexmark for the Kofax deal.

  • NEW YORK— Printer maker Lexmark International will buy software developer Kofax Ltd. for about $1 billion. Lexmark says the purchase nearly doubles the size of its enterprise software business, giving that unit about $700 million in annual revenue. Lexmark, based in Lexington, Kentucky, had $3.7 billion in adjusted revenue in its latest fiscal year, while Kofax...

  • Lexmark to buy Kofax in deal valued at about $1 bln Tuesday, 24 Mar 2015 | 4:41 PM ET

    March 24- Printer maker Lexmark International Inc said it would buy customer management software maker Kofax Ltd for an enterprise value of about $1 billion. The $11 per share cash offer represents a premium of 46.7 percent to Kofax's Tuesday close of $7.50. Lexmark said the deal will double the size of its enterprise software business.

  • Adam Schiff, the ranking Democrat on the committee, who briefed reporters on the bill with Chairman Devin Nunes. The information sharing is badly needed, backers say, so that government agencies can help the private sector defend itself against sophisticated cyberattacks, many of which are undertaken by intelligence agencies in countries such as Russia,...

  • WASHINGTON, March 24- The U.S. House of Representatives Intelligence Committee introduced on Tuesday its version of long-awaited legislation intended to enhance information sharing between private companies and intelligence agencies about cybersecurity threats. Similar legislation is also making its way through the U.S. Senate and the House Homeland...

  • WASHINGTON, March 24- The U.S. House of Representatives Intelligence Committee introduced on Tuesday its version of long-awaited legislation intended to enhance information sharing between private companies and intelligence agencies about cybersecurity threats. Prompted in part by a wave of high-profile attacks on U.S. corporations by hackers, the...

  • Test trial to use computer servers to heat homes Tuesday, 24 Mar 2015 | 8:08 AM ET

    THE HAGUE, Netherlands— An energy company is joining forces with a tech startup to harness computing power to heat homes in the Netherlands. Eneco, a Dutch-based energy company with more than 2 million customers, said Tuesday it is installing "e-Radiators"— computer servers that generate heat while crunching numbers— in five homes across the Netherlands in a...

  • SEATTLE, March 23- Microsoft Corp's Office apps will be pre-installed in some Samsung tablets running Google Inc's Android system, extending an agreement to put some Microsoft apps on the new Samsung Galaxy S6 phone. Microsoft said Monday that Samsung will pre-install Word, Excel, PowerPoint, Skype and its note-taking and cloud storage apps on certain tablets...