Technology Software

  • NEW YORK— A fugitive former technology company CEO who frustrated federal authorities by living comfortably in exile in southwest Africa for the past 10 years has agreed to return to the United States to face charges he hatched a scheme to pocket millions of dollars by secretly manipulating stock options and is expected to plead guilty, prosecutors revealed...

  • Best Buy Co., up $6.43 to $39.23. Zoe's Kitchen Inc., down $6.41 to $30.84. Tableau Software Inc., up $7.35 to $62.22.

  • BENGALURU, Aug 23- Informatica, a privately held software developer, said it expects its valuation to double to at least $10 billion in the next five years, driven by investments in big data and cloud computing. The Redwood City, California- based company was taken private last year by Permira and the Canada Pension Plan Investment Board for about $5.3 billion.

  • PROVIDENCE, R.I.— Rhode Island has reached a $25.6 million settlement with two of the financial backers it sued over a disastrous deal with former Red Sox pitcher Curt Schilling's 38 Studios video game company. The state's Commerce Corp. announced Tuesday that it has agreed to the proposed settlement with Wells Fargo Securities and Barclays Capital Inc..

  • Automakers and technology firms are striking new alliances to commercialize self-driving cars after being caught off guard by Silicon Valley companies such as Alphabet Inc, Tesla Motors Inc and Apple Inc, which have invested millions of dollars in the technology. Delphi and Mobileye said they will demonstrate their autonomous driving system in urban and...

  • DETROIT— Auto parts and electronics company Delphi Automotive is joining with Israeli software maker Mobileye to develop the building blocks for a fully autonomous car in about two years. Delphi and Mobileye plan to build a complete autonomous driving platform that they will sell to automakers worldwide. Delphi already has taken an autonomous Audi on a...

  • Microsoft CEO Satya Nadella delivers a keynote address during the 2014 Microsoft Build developer conference on April 2, 2014 in San Francisco, California.

    Microsoft said on Monday it has agreed to acquire Genee, an AI app that acts as a digital personal assistant to schedule meetings.

  • Children play with digital tablets at an expo in Paris, France on October 19, 2013. Engaging children and introducing them to technology early on has been the focus of many companies around the world.

    Taj Pabari's love for Lego took him from a typical high school student to CEO of his own technology start-up by the age of 16.

  • Actress Angelababy attends the press conference of Meitu smartphone on June 13, 2016 in Xiamen, Fujian Province of China.

    Meitu, a Chinese selfie app maker, plans to raise as much as $1 billion in an IPO in Hong Kong, the WSJ reported on Sunday, citing sources.

  • BERLIN— German video game publisher Goodgame Studios says it is cutting scores of jobs amid declining revenues. The Hamburg- based maker of Goodgame Empire, which has over 1,100 employees, says a "low three-digit number" of positions will be eliminated. Goodgame had revenues of 202 million euros in 2014 but they have steadily declined since.

  • NEW YORK— U.S. stocks took small losses Friday to end a quiet week of trading. Energy companies fell as a rally in oil prices faded and investors continue to sell the safe assets they favored earlier this year. Karyn Cavanaugh, senior market strategist for Voya Investment Strategies, said investors recognize that the Federal Reserve and other central banks are...

  • Hacking hacker

    Shares of NetApp spiked more than 17 percent after the company beat earnings and revenue estimates.

  • SAN FRANCISCO— In a story Aug. 17 about Cisco Systems laying off 5,500 workers, The Associated Press reported erroneously that Apple went bankrupt in the 1990 s. Cisco laying off 5,500 employees amid tech upheaval. SAN FRANCISCO— Cisco Systems is laying off 5,500 employees as the internet gear maker scrambles to adapt to a technology upheaval that has triggered...

  • NEW YORK— The New York Times is shutting down its NYT Now smartphone app because the company says it hasn't lived up to its hopes in the two years since it was launched in an effort to reach a younger audience. It was launched in 2014 with a subscription fee of $8 a month but was transitioned last year to a free model. The Times says many NYT Now features are being...

  • These solar powered speakers can also charge your phone

    They call themselves the Tesla of Audio this summer.

  • Cisco Systems' plans to lay off 5,500 workers mirror recent cutbacks at other major technology companies that have been trimming their payrolls as they try to adapt to shifting market conditions undercutting their businesses. -_ Silicon Valley pioneer Hewlett-Packard announced plans to cut more than 80,000 jobs along the way to breaking up its business...

  • SAN FRANCISCO, Aug 17- Cisco Systems Inc said it would cut nearly 7 percent of its workforce, posting charges of up to $400 million in its first quarter, as the world's largest networking gear maker shifts focus from its legacy hardware towards higher-margin software. The gradual move to fast-growing sectors such as security, the Internet of Things and the cloud...

  • SAN FRANCISCO— Cisco Systems is laying off 5,500 employees as the internet gear maker scrambles to adapt to a technology upheaval that has triggered similar cutbacks to other storied tech companies. The shake-up announced Wednesday means about 7 percent of Cisco's roughly 74,000 workers will lose their jobs beginning this summer. Others that have been...

  • Satya Nadella, Microsoft CEO

    The medical industry could be set for a "revolution" with the emergence of more complex AI, a top Microsoft's researcher said on Wednesday.

  • Tim Cook

    Apple will boost its investment in China and build its first Asia-Pacific research and development center in the country, Tim Cook said on Tuesday.

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  • Matt Hunter is the senior technology editor at CNBC.com.

  • Ari Levy

    Ari Levy is CNBC.com's senior technology reporter in San Francisco.

  • Harriet Taylor

    Harriet Taylor is a CNBC.com technology reporter based in San Francisco. She covers Apple, Uber and the sharing economy, cyber security and emerging Silicon Valley trends.

  • Julia Boorstin

    Working from Los Angeles, Boorstin is CNBC's media and entertainment reporter and editor of CNBC.com's Media Money section.

  • Jon Fortt

    Jon Fortt is an on-air editor. He covers the companies, start-ups, and trends that are driving innovation in the industry.

  • Josh Lipton is CNBC's technology correspondent, working from CNBC's Silicon Valley bureau.

Recode

  • Executive Editor, Recode; Host, Recode Decode podcast; and Co-Executive Producer, Code Conference. Re/code is part of the CNBC network.

  • Co-Founder and Editor-at-Large, Recode and Co-Executive Producer, Code Conference. Re/code is part of the CNBC network.