Verizon, Sprint to pay $158M to settle charges of 'cramming'

From CNET: Verizon and Sprint agreed to pay a combined $158 million -- including $120 million in refunds to consumers -- to settle charges they allowed their customers to be illegally billed by third parties, the Consumer Financial Protection Bureau said on Tuesday.

The wireless providers agreed to...

Verizon bids $4.4 billion for AOL

From InfoWorld: Verizon Communications has agreed to buy AOL for about $4.4 billion, as it looks to build more extensive digital and video platforms to drive future growth.

Network operators have to find new ways to make money as their traditional revenue streams are under pressure from a new...

Twitter spent $86M to acquire Periscope, Niche

From CNET: Twitter spent $86.6 million earlier this year to acquire live-streaming app Periscope and social media startup Niche, according to a regulatory filing Monday.

The micro-blogging company's filing with the US Securities and Exchange commission did not itemize the selling price of each...

IBM's flexible Power servers can take on cloud, databases

From InfoWorld: IBM is building slimmer versions of its Power hardware -- used by its Watson supercomputer -- to run complex database applications as well as simpler Web-based ones.

IBM has designed its latest Power servers for social networking, search engines and cloud storage, as computing moves...

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