US panel: China tech giants pose security threat (Update)

(AP)—American companies should avoid sourcing network equipment from China's two leading technology firms because they pose a national security threat to the United States, the House Intelligence Committee warned Monday.

Japan's NEC buys Australian IT firms

Japanese electronics giant NEC said Wednesday it will buy two IT firms from Australia's CSG, with a report pegging the price tag at about $252 million.

Merger momentum to continue in 2015, EY says

A banner year for mergers and acquisitions will be followed by more deals next year as executives grow more confident in the strength of the U.S. economy, according to the consultancy firm EY.

Cisco to acquire Meraki for $1.2 billion

American information technology firm Cisco said it will acquire Meraki Inc., a leader in cloud networking, in a deal worth $1.2 billion.

Yahoo-Tumblr is among top 10 tech deals in 2013

Yahoo has agreed to pay $1.1 billion to buy blogging forum Tumblr, ranking it in among the top 10 tech deals announced this year, according to research firm Dealogic. Here's a list of the top 10 tech mergers and acquisitions ...

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