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Business

Backer of taking Dell Inc private close to raising US$10bil fund

NEW YORK: Silver Lake Partners, the technology-focused private equity firm backing a US$24.4 billion bid to take Dell Inc private, is close to raising $10 billion for its latest fund, exceeding its initial fundraising target on strong investor demand, a person familiar with the matter said on Thursday

Business

Yahoo CEO says Microsoft search deal underperforms

SAN FRANCISCO: Yahoo Inc Chief Executive Marissa Mayer said the company's search partnership with Microsoft Corp was not delivering the market share gains or the revenue boost that it should.

TECH

China cracks down on iPhone-smuggling housewives: media

Suppliers for what was one of China's largest online iPhone stores have been hauled to court for allegedly evading taxes.

Business

Report: Alibaba plans stake buy in China's most popular microblogging service

SHANGHAI: China's largest e-commerce company Alibaba Group is planning to buy a stake in Sina Corp's Weibo, the nation's most popular microblogging service, China Business News reported on Monday.

World

China cracks down on iPhone-smuggling housewives - media

SHANGHAI (Reuters) - Suppliers for what was one of China's largest online iPhone stores have been hauled to court for allegedly evading taxes by smuggling Apple Inc's iPhones and iPads into the country, official media reported on Friday.

Business

Yahoo to ride the mobile wave

SAN FRANCISCO: Yahoo chief executive Marissa Mayer promised to modernise Yahoos websites and make them more smartphone-friendly in her debut appearance at the helm of the struggling company, faulting it for under-investing in the “mobile wave.”

TECH

Yahoo! CEO’s comeback plan homes in on tech, not media

Marissa Mayer has spent her first months as CEO quietly moving Yahoo! Inc back to its roots in tech.

Business

Yahoo's new CEO Mayer takes on the mobile challenge

SAN FRANCISCO: Yahoo Inc's new CEO Marissa Mayer sketched out her plan for revamping the mobile and search advertising business on Monday, outlining publicly for the first time her vision for getting the ailing Web company back on its feet.

Business

Apple in biggest product move set to unwrap mini-iPad to take on Amazon, Google

SAN FRANCISCO: Apple Inc is expected to make its biggest product move on Tuesday since debuting the iPad two years ago, launching a smaller, cheaper tablet into a market staked out by Amazon.com Inc and Google Inc.

Business

Yahoo's departing CFO to get annual salary, bonus as severance

NEW YORK: Tim Morse, Yahoo Inc's departing chief financial officer, will leave the company with a severance package in accordance with a termination without cause, the company said in a regulatory filing Wednesday.