India’s top court upholds free speech on the Internet

By Suchitra Mohanty NEW DELHI (Reuters) – India's top court struck down a law on Tuesday that gave authorities powers to jail people for offensive online posts, a verdict hailed as a victory for free speech in the world's largest growth market for the Internet. Section 66A of the country's Information and Technology (IT) Act was challenged in the Supreme Court by law students, bloggers, writers and rights groups following arrests across the country for statements posted on social media sites

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Software developer Apigee Corp files for IPO

(Reuters) – Apigee Corp, a developer of software to manage Web applications, has filed with U.S. regulators for an initial public offering, looking to take advantage of interest in companies that offer Internet-related services. Apigee’s filing on Friday comes nearly two months after the successful listing of online storage company Box Inc and a day after Web-hosting company GoDaddy Inc’s proposed IPO valued it at up to $2.87 billion

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Chinese military denies role in reported U.S. hacking

China's Defense Ministry on Friday denied that it had anything to do with a cyber attack on Register.com, a unit of Web.com, following a report in the Financial Times that the FBI was looking into the Chinese military's involvement. “The relevant criticism that China's military participated in Internet hacking is to play the same old tune, and is totally baseless,” the ministry said in a fax to Reuters in response to a question about the story. It is not clear what the Chinese military would be looking for or what it would gain from Register.com's data

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Snapchat management holds talks with Saudi’s Prince Alwaleed

Senior management of Snapchat held talks with Saudi Arabia's Prince Alwaleed bin Talal on potential cooperation, the prince's investment company said in a statement on Sunday. The meeting, which included the mobile messaging company's Chief Executive Evan Spiegel and Chief Strategy Officer Imran Khan, comes as Snapchat embarks on a new funding round that values the business at up to $19 billion

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IBM dismisses Forbes report of massive layoffs

(Reuters) – IBM dismissed on Monday a Forbes magazine report claiming the technology firm is preparing to cut about 26 percent of its workforce. A report last Thursday on Forbes' website by pseudonymous Silicon Valley technology gossip columnist Robert Cringely said IBM planned to lay off 26 percent of its global workforce, or as many as 112,000 employees. This equates to several thousand people, a small fraction of what's been reported.” Last week, Chief Financial Officer Martin Schroeter told investors on IBM's fourth-quarter earnings conference call that the company was taking restructuring charges of around $580 million, but he did not specify the number of jobs affected

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