Spain’s cabinet of ministers today cut $6 billion from subsidies to power plants using solar panels over the next three years, part of a broader effort to trim energy costs.
As Bloomberg’s Ben Sills and Todd White report, the cut in subsidies for photovoltaic energy production are “a massive blow against [...]

Article courtesy of BARRONS.com: Tech Trader Daily

Interesting piece today, in case you missed it, on Bloomberg about Facebook: the company is on track to make $2 billion in revenue this year, about double what it made last year, writes Brian Womack, citing three anonymous sources.
You can connect that with a recently reported $55 billion valuation being [...]

Article courtesy of BARRONS.com: Tech Trader Daily

Interesting piece by Matthew Campbell and Jonathan Browning over at Bloomberg this morning, who write that European telecoms are demanding that Apple (AAPL), Google (GOOG), Facebook and their ilk must help the phone companies pay for the “billions” needed for network upgrades to support the flood of traffic their goods [...]

Article courtesy of BARRONS.com: Tech Trader Daily

“He’s the Samurai Warrior of Silicon Valley”
“The brazen billionaire is an ambitious provocateur”
“He’s a high-flying adrenalin junky”

Ellison dropped out of college twice, drove his blue Thunderbird to California, worked for Amdahl, then Ampex, where he got a brainstorm while working on a contract project for the CIA dubbed “Oracle.”

Bloomberg [...]

Article courtesy of BARRONS.com: Tech Trader Daily

Anthony Effinger has a nice profile on Bloomberg this morning of John Kinnucan, the tech industry analyst approached by Feds in the insider probe of the last several weeks who said he refused to wear a wire.
Kinnucan, Effinger writes, has made two appearances on cable television and written a piece [...]

Article courtesy of BARRONS.com: Tech Trader Daily

Google (GOOG) will open an e-book store this year, writes Douglas MacMillan of Bloomberg this morning, citing an anonymous source.
The source tells MacMillan publishers are negotiating different revenue-sharing arrangements. Which makes one wonder: will pricing be wildly varied as well?
This is not the first time we’ve heard tell of a [...]

Article courtesy of BARRONS.com: Tech Trader Daily

Interesting piece with an odd headline on Bloomberg this morning: Timothy Homan and Anthony Feld dip into the slowdown in sales of durable goods that’s taken place in Q3 of this year.
But the title, “Need for QE2 Seen in Electronics Manufacturing Services Pause” kind of sounds a bit grandiose: the [...]

Article courtesy of BARRONS.com: Tech Trader Daily

Shares of Echostar (SATS) are down 33 cents, or 1.6%, at $20.34, having briefly plunged from a high of $21, as Bloomberg reports a judge has found the company destroyed evidence in the suit brought by TiVo (TIVO).
TiVo shares are down 15 cents, or 1.6%, at $8.66, after having spiked [...]

Article courtesy of BARRONS.com: Tech Trader Daily

A moment of silence, please, for Jeeves.
IAC/Interactive (IACI) unit Ask.com is cutting 130 engineering jobs in New Jersey and China, and refocusing its search business on a question-and-answer service, Bloomberg reports. In effect, the company finally has surrendered in its battle to hang on to a small slice of the [...]

Article courtesy of BARRONS.com: Tech Trader Daily

Both Bank of America and Citigroup are considering allowing their employees to use the Apple (AAPL) iPhone as an alternative to the Research In Motion (RIMM) BlackBerry for corporate e-mail, Bloomberg reports, citing “three people familiar with the plans.” The story says the bank is testing software for the iPhone [...]

Article courtesy of BARRONS.com: Tech Trader Daily