Technology - Business news

China's Baidu invests in controversial taxi app Uber

Chinese search engine Baidu, the country's equivalent of Google, announced Wednesday it has bought a stake in Uber for an undisclosed sum, as the controversial US web-based taxi app seeks to expand into an already crowded ...

Dec 17, 2014
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Philips to buy US medical imaging firm Volcano

Royal Philips NV said Wednesday it has agreed to acquire U.S. medical equipment maker Volcano Corp. for $1.2 billion (around 1 billion euros) in a deal that would beef up its presence in technology which allows doctors to ...

Dec 17, 2014
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Apple wins class-action lawsuit over iPod prices

A federal jury decided Tuesday that Apple didn't compete unfairly when it sold music players and songs with copy-protection software that was incompatible with rival devices and music from competing online ...

Dec 16, 2014
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Uber targeted by Belgium tax probe

Belgian authorities ordered a probe Tuesday into the tax affairs of Web-based taxi app Uber in the latest legal challenge the fast-growing company faces around the world amid fierce resistance from cab drivers.

Dec 16, 2014
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Artist's 'Angry Birds' lawsuit goes forward

A federal judge refused to dismiss a lawsuit by a Seattle artist who says she was cheated out of millions of dollars when the company that sold her line of plush pet toys called "Angry Birds" reached a deal with the Finnish ...

Dec 16, 2014
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Sony threatens to sue for publishing stolen emails

A lawyer representing Sony Pictures Entertainment is warning news organizations not to publish details of company files leaked by hackers in one of the largest digital breaches ever against an American company.

Dec 15, 2014
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