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Tech`s news

(Reuters) - Oracle Corp's  Larry Ellison, who is stepping aside as chief executive officer, took less money home in fiscal 2014 that the year before following criticism of his compensation and concerns about the software company's struggles against smaller rivals. Ellison received $67.3 million as compensation in 2014, a 15.5 percent drop from a year earlier, according to a filing with the U.S. Securities and Exchange Commission. ... more...


By Francesco Guarascio and Foo Yun Chee BRUSSELS (Reuters) - Google Inc, the target of an EU antitrust investigation into its internet search engine, may face further scrutiny over its other services following several complaints, Europe's antitrust chief said on Tuesday. European Competition Commissioner Joaquin Almunia said this meant Google could end up a bigger case than Microsoft Corp, which found itself embroiled in a decade-long battle with the EU watchdog and was hit with more than 2.2 billion euros ($2.8 billion) in fines. ... more...


(Reuters) - Verizon Communications Inc has hired investment bank TAP Advisors LLC to plan a sale of its network's assets including its cell towers, according to a source familiar with the matter. Chief Financial Officer Fran Shammo told Reuters on Sept. 17 that Verizon is open to divesting its network's assets Verizon was inspired by rival AT&T's $4.85 billion sale of some of its towers to tower operator Crown Castle (CCI) last year, Shammo said. ... more...


By Emma Thomasson BERLIN (Reuters) - Germany's Rocket Internet, a venture capital group that has launched dozens of online start-ups, expects to raise almost double the amount it initially targeted from its initial public offering, pricing shares to value the firm at some $8 billion. The Rocket flotation comes hot on the heels of the blockbuster listing of China's Alibaba and amid strong demand for the shares of Zalando, a European fashion site that Rocket helped found that is set to list next week. The Berlin-based company on Tuesday set the price in a range of 35.50 to 42. ... more...


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