U.S. technology stocks, the second- best industry of the past decade, have fallen to the cheapest levels in at least seven years and are vulnerable to more losses as analysts reduce second-quarter profit estimates.
Robert Kotick, president and chief executive officer of Activision Blizzard Inc., increased his compensation almost eightfold to $64.9 million last year, becoming one of the highest-paid CEOs in the U.S.
Efforts by Google Inc., Microsoft Corp. and Amazon.com Inc. to be excluded from U.S. cybersecurity rules may become moot under a European Commission proposal that could force them to report attacks and make their products more secure.
Four of the five highest-paid employees at Standard & Poor’s 500 companies aren’t chief executive officers. They’re Apple Inc. senior lieutenants receiving compensation packages designed to keep management intact in an increasingly competitive industry.
A trial in Hewlett-Packard Co.’s dispute with Oracle Corp. over software support for servers running Intel Corp.’s Itanium microprocessors will be delayed while Oracle appeals a ruling on a motion in the case.
The National Education Association, a Beverly Hills hip-hop artist and hedge fund manager Orin Kramer are among the top initial donors to a nonprofit issue- advocacy group founded by President Barack Obama’s former campaign aides.