Akamai Technologies Inc., operator of a server network that lets businesses speed data delivery, rose the most in more than 19 months after agreeing to buy startup competitor Cotendo Inc. for about $268 million in cash.
America Movil SAB, the largest wireless carrier in the Americas, reported a 14 percent rise in second-quarter profit on subscriber growth and foreign exchange gains that helped overcome the blow of regulatory measures.
America Movil SAB , Latin America’s largest wireless carrier, will probably boost share buybacks and dividends during the next year because the company is accumulating cash faster than it can spend it, analysts say.
Steve Jobs asked technology blog Gizmodo.com to return a secret iPhone prototype that Apple Inc. says was stolen after a company engineer lost it in a bar, according to court documents released yesterday.
Gizmodo.com, the technology blog, said law enforcement officials seized computers from the home of Jason Chen, a staff editor who wrote about a prototype for an Apple Inc. iPhone that had been left behind in a bar.
U.S. stocks rose, sending the Standard & Poor’s 500 Index higher for a third day, as better- than-estimated jobless claims, consumer confidence and leading indicators bolstered optimism in the world’s largest economy.