Career News 24/7: Technology Report: Cisco to buy cloud-networking start-up Meraki for $1.2 billion

Monday, November 19, 2012

Technology Report: Cisco to buy cloud-networking start-up Meraki for $1.2 billion

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11/19/2012

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

Cisco to buy cloud-networking start-up Meraki for $1.2 billion

(Reuters) - Networking equipment company Cisco Systems Inc said it will buy privately held cloud networking company Meraki for $1.2 billion in cash as part of its cloud and networking strategy.

Intel CEO to retire as chipmaker struggles with mobile

SAN FRANCISCO/NEW YORK (Reuters) - Intel Corp's Chief Executive Officer Paul Otellini will retire sooner than expected and the top chipmaker said it may name an outsider for the position for the first time to steer a difficult transition toward mobile computing.

Forget phoning a business, new app sends a text instead

TORONTO (Reuters) - Customers who are annoyed by automated voice prompts and music when they contact a company for information about a bill, price, product or service can send a text instead.

"Uncle technology" joins Assisi family of St Francis

ASSISI, Italy (Reuters) - St Francis of Assisi, who called the sun "brother" and the moon "sister," might have referred to it as "uncle technology".

Exclusive: Facebook offering e-retailers sales tracking tool

SAN FRANCISCO (Reuters) - Facebook Inc wants more credit for making online cash registers ring.

Israeli government websites under mass hacking attack

JERUSALEM (Reuters) - More than 44 million hacking attempts have been made on Israeli government web sites since Wednesday when Israel began its Gaza air strikes, the government said on Sunday.

eBay sued over will-not-recruit agreement with Intuit

WASHINGTON (Reuters) - The Justice Department and the state of California sued e-commerce company eBay Inc on Friday over what they called an illegal agreement with Intuit Inc not to recruit Intuit's employees.

Samsung goes after HTC deal to undercut Apple

SAN FRANCISCO (Reuters) - When Apple Inc and HTC Corp last week ended their worldwide legal battles with a 10-year patent licensing agreement, they declined to answer a critical question: whether all of Apple's patents were covered by the deal.

High-flying Apple falls to earth as investors fret over taxes

NEW YORK (Reuters) - Gravity has taken hold of Apple, and a lot of investors have been smacked on the head.

FTC asks Visa for information on debit card service

(Reuters) - The Federal Trade Commission (FTC) has asked Visa Inc to provide information on a debit card service that may have violated regulations related to the Dodd-Frank Act, the company said.