Microsoft wins its biggest cloud computing client

LONDON (Reuters) - Microsoft announced its biggest-ever customer for cloud computing - software that it hosts on behalf of clients and delivers over the Internet - after winning a contract to provide free services to a major Indian education body. Microsoft, which was built on the sale of expensive software that is installed on individual computers, has been forced by competition from Google and others to branch out into the fast-growing world of cloud computing. The U.S. ...

Google likely next in antitrust push on tech giants

Google is likely the next major tech target of US and EU trust-busters after the US Justice Department sued Apple for illegally colluding with publishers in the e-book market, legal experts said.

Dealtalk: What will be the next Instagram?

SAN FRANCISCO (Reuters) - Facebook's willingness to pay $1 billion to buy the 12-person start-up Instagram has Silicon Valley venture capitalists happily re-doing their math on the potential value of hot young companies. The fact that Facebook was the buyer is itself seen as a big plus for the valuation of startups that may be adding subscribers rapidly but in some cases are still far from being profitable or ready for the public markets. Until now, "it's really just been Google ," said Jeremy Liew, a partner at Lightspeed Venture Partners who backs LivingSocial and others. ...