Latest Technology News

Twitter shareholders sue Musk, say he 'deflated' stock price

May. 26, 2022 16:35 PM EDT

Twitter shareholders have filed a lawsuit accusing Elon Musk of engaged in “unlawful conduct” aimed at sowing doubt about his bid to buy the social media company. The lawsuit filed late Wednesday in the U.S. District Court for the Northern District of California claims the...

At Davos, climate activists say major issues ignored

May. 26, 2022 12:51 PM EDT

DAVOS, Switzerland (AP) — At a small plaza in Davos, a picturesque Swiss town in the middle of the Alps, about 50 climate activists gathered on Thursday to bring attention to issues they said were largely ignored during this week's World Economic Forum meeting. They said more...

Big tech deals keep coming: Broadcom buys VMware for $61B

May. 26, 2022 10:10 AM EDT

Computer chip and software maker Broadcom will spend about $61 billion to acquire the cloud technology company VMware, one of the biggest deals of the year despite an environment of rising inflation and economic uncertainty. The proposed deal comes just weeks after billionaire and...

Alibaba reports slowest growth yet amid COVID-19 outbreaks

May. 26, 2022 09:50 AM EDT

HONG KONG (AP) — Alibaba Group Holding Ltd. on Thursday reported a single-digit increase in its fourth-quarter revenue, its slowest quarter yet as its online services and e-commerce businesses took a hit amid COVID-19 lockdowns across China. Revenue increased 9% to 204.05 billion...

Spain vows legal reforms in wake of spying allegations

May. 26, 2022 09:31 AM EDT

MADRID (AP) — The Spanish government will tighten judicial control over the country’s intelligence agency, Prime Minister Pedro Sánchez said Thursday, weeks after the agency admitted it had spied on several pro-independence supporters in the region of Catalonia with judicial authorization. ...

Davos Voices: What leaders say about climate change, war

May. 26, 2022 08:38 AM EDT

DAVOS, Switzerland (AP) — Corporate buzzwords. Technical jargon. Bold but vague pronouncements about climate change and Russia's war in Ukraine. The World Economic Forum's annual gathering of CEOs and government leaders this week in Davos, the town in the Swiss Alps, may seem full...

Computer chip and software maker Broadcom will pay $61 billion for VMware, one of the biggest acquisitions of the year

May. 26, 2022 07:21 AM EDT
NEW YORK (AP) — Computer chip and software maker Broadcom will pay $61 billion for VMware, one of the biggest acquisitions of the year.

Manufacturer to locate in western Kentucky, create 150 jobs

May. 26, 2022 04:01 AM EDT

MURRAY, Ky. (AP) — A manufacturer of electrical power distribution connectors plans to locate in western Kentucky and create 150 jobs, officials said. Hollobus Technologies Inc., a subsidiary of engineering design technology company Superior Tray Systems, is investing $2.25 million...

Boeing capsule lands back on Earth after space shakedown

May. 25, 2022 21:53 PM EDT

CAPE CANAVERAL, Fla. (AP) — Boeing’s crew taxi returned to Earth from the International Space Station on Wednesday, completing a repeat test flight before NASA astronauts climb aboard. It was a quick trip back: The Starliner capsule parachuted into the New Mexico desert just four...

Elon Musk revises Twitter financing plan; shares jump

May. 25, 2022 21:04 PM EDT

SAN FRANCISCO (AP) — Tesla CEO Elon Musk on Wednesday revised the financing plan for his proposed $44 billion purchase of Twitter, raising investor hopes that the unpredictable billionaire still intends to pull off a deal roiled by market turbulence and Musk’s not-entirely-explicable concerns...