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Verizon reclaims US wireless stake for $130B

Verizon will own its wireless business outright after agreeing Monday to pay $130 billion for the 45 percent stake in Verizon Wireless owned by British cellphone carrier Vodafone.

Tech sector slips into surprising slump

In a surprising turn, the tech industry is in a slump even as the U.S. economy picks up steam. The announcement last week that Silicon Valley giant Cisco Systems, which sells networking and telecommunications equipment, plans ...

Yahoo shares gain as it tops Web traffic

Yahoo shares powered higher Thursday after a survey showed the struggling Internet giant topped a survey for US Web visitors for the first time since 2011.

Tumblr founder to get $81M to remain at Yahoo

Yahoo's recently completed acquisition of Internet blogging service Tumblr includes an $81 million payment to Tumblr founder David Karp as long as he remains on the job for the next four years.

Nokia finalises Nokia Siemens buy, changes name

Finnish mobile phone maker Nokia said Wednesday it had finalised the purchase of German engineering giant Siemens' 50 percent stake in Nokia Siemens Networks, and changed the company's name.

EMC buys identification services firm Aveksa

(AP)—EMC Corp., a maker of data storage equipment, said Monday that it has acquired identity verification services company Aveksa, boosting the offerings of its own security division.

Over-confident CEOs can put companies at risk, research shows

CEOs need to demonstrate strong leadership and good decision-making skills, but CEOs with over-confidence can involve their companies in riskier ventures and put investors' funds at risk, according to a new study from the ...

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