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Yahoo - Technology (Internet)
Mar 03, 2015 11:32AM
Mar 03, 2015 11:32AM
Novetta Solutions LLC, a provider of software and IT services to the U.S. intelligence community, is exploring a sale which could value it at more than $650 million, including debt, according to people familiar with the matter. Novetta's sale process comes as cuts in U.S. government spending, particularly in the areas of defense and security, have hit companies that rely on government contracts, spurring consolidation in the industry. Arlington Capital Partners, Novetta's private equity owner, has hired investment banks Morgan Stanley and Houlihan Lokey on an auction for the company, the people said this week. Representatives for Novetta, Arlington Capital Partners, Morgan Stanley and Houlihan Lokey declined to comment.
Mar 03, 2015 10:58AM
Speaking at Mobile World Congress in Barcelona on Tuesday, Tom Wheeler, the head of the U.S. Federal Communications Commission said that some in the industry exaggerated when they said the moves would harm them or cripple innovation on the web. "One of the tragedies" of net neutrality debate has been people invoking "imaginary horribles," he said, adding that the FCC would not interfere the telecom or cable groups' businesses.
Mar 03, 2015 10:05AM
Sainsbury?s will offer online shoppers the option of picking up orders in store, years after the service was introduced by rivals Tesco and Asda, upping the stakes in Britain's brutally competitive grocery market. Online shopping, as one of the better-performing parts of the market, has become a key battleground for all of Britain's "big four" supermarket chains as they grapple with the rise of discounters Aldi and Lidl. British shoppers are increasingly opting for the convenience of store collection when they shop online because they don't have to wait at home for a delivery. Sainsbury's launched its first Click & Collect service on Tuesday at its Farnham store in southern England.
Mar 03, 2015 08:23AM
Uber Technologies Inc has been told to suspend a free ride service in Japan over the possible infringement of unlicensed-taxi restrictions, Kyodo News said on Tuesday, a blow to the company's hopes in a potentially big market. The transport ministry believes Uber's free taxi-like service in southern Japan, which matches passengers via a smartphone app with private drivers, may violate Japan's Road Transportation Law, Kyodo said, citing unnamed ministry officials. Uber's pilot project, conducted jointly with an affiliate of Kyushu University, began on Feb. 5 in Fukuoka with the aim of collecting data on traffic demand, Kyodo said. Uber says it operates in 55 countries, with its other Japan service in Tokyo.
Mar 03, 2015 08:07AM
CARACAS (Reuters) - Venezuela on Tuesday began requiring U.S. travelers to seek visas before visiting the South American nation amid an escalation of diplomatic tensions between Washington and the administration of President Nicolas Maduro. The socialist government on Monday ordered the U.S. Embassy in Caracas to slash its staff by 80 percent, days after Maduro said several Americans had been detained on suspicions they were involved in espionage. ...
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