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By Becky Yerak
|
Firm58, a Chicago-based software provider to the financial services
industry, has raised another $7 million in funds from a group led by
existing investors, including the Pritzker family’s early-stage venture
capital arm.
The latest funding round follows two record-setting quarters for Firm58, and brings its total funding to $19.2 million.
Reuters | Hewlett-Packard Co said it aims to boost margins by cutting jobs and
reallocating spending to more profitable technology services, shrinking
its workforce by a net 3,000 jobs, or 1 percent, over three years.
The move, which will result in a $1 billion charge, comes as rivals like
IBM and Cisco Systems Inc vie for supremacy in the lucrative business
of fitting out corporate data centers that handle communications and
store huge amounts of information.
Associated Press | IBM Corp. said Monday that it is buying
AT&T Inc.’s Sterling Commerce unit, which makes software that helps
businesses buy and sell to each other, for $1.4 billion.
The deal would be IBM Corp.’s largest acquisition since it bought
business software maker Cognos in 2008.
By Wailin Wong | “Lost” fans searching for secrets of the ABC show’s final episode may be in store for a nasty surprise: An infected computer.
PandaLabs, a unit of computer security company Panda Security, said it has detected a new distribution method for a kind of malware called the MySecurityEngine fake antivirus. This malware and the way it infects a computer are not new, but the bait it uses does change according to current events and popular search terms.
Associated Press | Twitter says it has fixed a glitch that has
allowed users to seem more popular by making it appear that celebrities
had subscribed to read their mini-blog postings known as tweets.
The flaw allowed some Twitter users to game the popularity contest. It
allowed users to add anyone else as a follower of their tweets.
Normally, the other person has to initiate such “following.”
From the Boston Globe | Motorola Inc. will work with Boston-based Skyhook on its Android operating software. Skyhook software locates phones using Wi-Fi signals.
Get the full story: boston.com
(AP Photo/Paul Sakuma)
Dow Jones Newswires | It costs Apple Inc. $259.60 to manufacture its iPad tablet computer, according to iSuppli Corp.’s tear-down analysis, reported on by Bloomberg News Wednesday.
The market-research firm’s analysis indicates that components of the lowest-priced, 16-gigabyte iPad amount to 52% of its retail price of $499. A high-end 64-gigabyte version of the iPad, which retails for $699, contains components that cost $348.10, according to iSuppli.
