Facebook is battling a lawsuit filed by a New York man who claims he owns 84 percent of the social-networking company. Paul D. Ceglia of Wellsville, N.Y., claims in a lawsuit (see below) that he entered into a contract with Facebook founder Mark Zuckerberg in 2003 to design and develop a Web site that would ultimately become the social-networking giant. The contract entitled Ceglia to a $1,000 [...]

Microsoft’s brass is always looking for the next billion dollar business and has stuck a toe into everything from healthcare to energy monitoring. But as the company’s second quarter earnings for fiscal 2010, which Microsoft released on January 28, show, Windows is still the big wheel that keeps on turning in Redmond. Consumer sales of Windows 7 buoyed Microsoft to report record earnings, even [...]

You’re hard pressed to find any sector of the tech economy that is getting more financing than cloud computing. Today’s announcement by Hewlett-Packard and Microsoft is a good example. The two tech giants announced a partnership today that is valued at $250 million. Why are these ventures getting such an influx of revenue? If content is king, then infrastructure in the castle in the cloud.Castles [...]

Alcoa Inc., the largest U.S. aluminum producer, posted quarterly earnings that trailed estimates as the company conducted a higher number of metals trades that boosted revenue while carrying no profit. The shares fell as much as 4.9 percent in Frankfurt trading. Profit excluding certain items was 1 cent a share in the fourth quarter, trailing the 6-cent average estimate of analysts, New York-based [...]