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Silicon Valley Doesn’t Believe U.S. Productivity Is Down

MOUNTAIN VIEW, Calif.—Google Inc. chief economist Hal Varian is an evangelist for Silicon Valley’s contrarian take on America’s productivity slump. Swiveling to a large screen on the desk behind him, Mr. Varian types in a search for the most commonly asked question on the subject economists elsewhere are wringing their hands over. Up pops, “What…

Samsung Shareholders Back $8 Billion Merger, in Blow to U.S. Hedge Fund

SEOUL—The Samsung conglomerate’s controlling Lee family scored a major victory Friday over U.S. hedge fund Elliott Associates LP, as shareholders approved an $8 billion merger of two Samsung affiliates designed to solidify heir apparent Lee Jae-yong’s grip on the conglomerate’s crown jewel, Samsung Electronics Co. But the merger, which passed with 69.5% of the shareholder […]

FCC Set to Reject Dish Partners’ Spectrum Discounts

Dish Network Corp.’s wireless ambitions are facing an expensive setback. Federal regulators are poised to reject $3.3 billion in discounts sought by two small Dish partners during an airwaves auction earlier this year, people familiar with the matter said, dealing a blow to the satellite-TV operator, which has been aggressively accumulating spectrum despite not offering […]

Venture Capital Investments Hit $19.2 Billion in Second Quarter

Venture capitalists increased their bets on U.S.-based technology and health-care companies in the second quarter, confident that the underpinnings of the business are sound despite signs that parts of the market are overheating. Investment totals are approaching levels last seen in the dot-com era, with $19.19 billion invested from April through June, according to Dow […]

Intel Profit Declines but Forecast Tops Views

Intel Corp. is finding ways to cope with a weak personal computer market even as it is having a tougher time keeping the pace of innovation going. The Santa Clara, Calif., company on Wednesday reported a 3.2% drop in second-quarter profit, on revenues that fell 4.6%. But Intel also projected far better revenue and profit […]

EBay Nears Deal to Sell eBay Enterprise for Around $900 Million

EBay Inc. is closing in on a deal to sell its eBay Enterprise unit to a group led by private-equity firm Permira for around $900 million, according to people familiar with the matter. The deal, which was being finalized late Wednesday, could be announced as soon as Thursday, when eBay is scheduled to release second-quarter […]

Netflix Reports Jump in Streaming Users

Netflix Inc. added a better-than-expected 3.28 million streaming subscribers in the June quarter, as the video service continued to sacrifice profit amid an ambitious international expansion. The company, based in Los Gatos, Calif., plans to aggressively expand service to more countries by the end of next year, with Japan, Portugal, Italy and Spain slated to […]

Samsung Pulls Out All Stops for Key Vote

SEOUL—“We beg of you, meet us in person,” a Samsung employee pleaded over the apartment intercom to Kim Dong-chil, a retiree with about 0.004% worth of Samsung CT Corp., the construction and trading arm of South Korea’s biggest conglomerate. The Samsung employee, who waved his business card in front of the intercom camera to prove […]

Twitter Shares Hit by Takeover Hoax

Traders once again grappled—in real time—with the difference between what is real and what is fake. What wasn’t real Tuesday: a $31 billion bid for Twitter Inc. Twitter’s stock jumped more than 8% after the online publication of a bogus article that claimed the social-media firm had received a takeover offer. The story ran on […]

Air Force Will Offer Bonuses To Lure Drone Pilots

WASHINGTON—The Air Force is taking steps to address a chronic shortage of drone pilots, sweetening the allure of flying the unmanned planes as part of a plan to alleviate the strains as it tries to meet demands for drones and the video intelligence they provide. Secretary of the Air Force Deborah Lee James is expected […]

How to Start Liking Facebook Again

July 14, 2015 2:17 p.m. ET Want to get someone really riled up? Just ask about Facebook. FB -0.47 % “An email every time someone posts ‘Congrats!’ after I do?!” “If I see that photo of my sister’s ex-boyfriend’s mom’s uncle’s not-very-cute new puppy in my feed one more time, I’m going to…” “Really? Everyone […]

China’s Bid for Chip Giant Signals Lofty Ambitions

A Chinese state-owned company’s proposal to buy chip giant Micron Technology Inc. for $23 billion is the latest sign of the country’s growing ambition to push beyond gadgets and become a broad technology superpower. The proposed deal by Tsinghua Unigroup Ltd. would be the biggest U.S. takeover yet by a Chinese firm, and it is […]

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