The Linux Foundation is launching a "multi-million dollar project" to improve security in the wake of the Heartbleed OpenSSL crisis. Big-name tech companies are contributing to the fund - but Red Hat, a backer of OpenSSL and the global Linux commercial leader, isn't among the listed funders. Red Hat says it "supports" the initiative but remains mum on specifics. The Hatters do acknowledge that their director of security response is a "founding member" of OpenSSL. They say Red Hat OpenSSL problems have been fixed but won't say anything else about the new program.
Google, Apple, Intel and Adobe have settled a class-action lawsuit alleging they conspired to prevent their engineers and highly sought technology workers from getting better job offers from one another.
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PointSource, a fast-growing company that now has 54 employees, rolls out a new mobile commerce product called "Currency." The Raleigh firm's goal is to transform how businesses cash in on mobile commerce. How fast a start for the company? It's grown to 54 employees from just four after formation two years ago. And they are still hiring. By the way, clients include HH Gregg. WRALTechWire's Jason Parker has the exclusive story.
Alliance@IBM in the U.S. joins with two other unions in Western Europe and the IBM Global Union Alliance wants IBM to show more "appreciation" for Big Blue workers, a "new jam" with management about how to shape IBM's future, and "meaningful investments" rather than being focused on driving up earnings. They use a quote from retired chairman and CEO Sam Palmisano about iBM's greatest invention being its workers as part of their argument.
The Diana Wortham Theatre in Asheville was close to its max capacity of 500 audience members, and it's safe to say that most attendees had never been to a music and arts festival that started with a discussion centered on economic development. The audience, made up mostly of festival goers, showed the most enthusiasm around ideas that made North Carolina stronger as a whole. Julie Terry of the Research Triangle Foundation provides the details.
The largest U.S. cellphone carrier on Thursday posted a 23 percent profit increase in its first quarter, during which it completed the acquisition of the 45 percent stake in its wireless division from British cellphone carrier Vodafone Group PLC.
Quintiles, the world's largest provider of life science services such as clinical trials, and pharmaceutical firm Biogen, which has a huge manufacturing facility in RTP, have formed a "collaboration" through which the two firms will develop drug candidates in Biogen's pipeline. But neither company will discuss financial terms of the deal. There may be some hiring at Quintiles for a Biogen-focused team, but Biogen plans no layoffs.
While neither company is talking about the financials involved in their five-year partnership announced Thursday, the firms do say the agreement means the two companies will become much more than RTP neighbors.
The Federal Communications Commission is set to propose new open Internet rules that would allow content companies to pay for faster delivery over the so-called "last mile" connection to people's homes, but enhance scrutiny of such deals so they don't harm competition or limit free speech.
The company will build a new bioagriculture research and development facility in Cary. The company said it will invest $36 million over the next three years and create 100 new jobs at the facility. Salaries will start at $70,000.
Opinion: Oculus, the latest technology startup to be acquired for billions of dollars, was based not in Silicon Valley but in Irvine, Calif. Snapchat, which is rumored to be worth billions, is based in Los Angeles. The Los Angeles area is a good place to live and has great weather, but it has no real advantage as a technology center. These companies could have been based anywhere with equal success. You can't predict which technology hub the next Oculus will come from--or whether it will be a hub at all. Anyone anywhere--whether in an incubator, garage or tent--can now build world-changing technology.
ExitEvent news: Durham School Board has joined a growing national movement to get entrepreneurs involved in education. ExitEvent's Laura Baverman reports in this latest story that is part of the news partnership between WRALTechWire and ExitEvent.
Plans for pharmaceutical giants Novartis, GlaxoSmithKline and Eli Lilly to swap business lines may have shaken up the stock market Tuesday, but work at a Novartis flu vaccine plant in Holly Springs hummed along, and local officials said they expect it to remain that way.
Microsoft is expanding a program that gives schools the ability to prevent ads from appearing in search results when they use its Bing search engine. The program, launched in a pilot program earlier this year, is now available to all U.S. schools, public or private, from kindergarten through the 12th grade.