Tech wrap: EBay sues Google in mobile payment war

May 27, 2011

EBay and its online payment unit, PayPal, sued Google and two executives for stealing trade secrets related to mobile payment systems, highlighting the growing battle between companies vying for a major stake in what has been described as a $1 trillion opportunity. The two executives, Osama Bedier and Stephanie Tilenius, were formerly with PayPal and led the launch on Thursday of Google’s own mobile payment system in partnership with MasterCard, Citigroup and Sprint.

Tech wrap: Microsoft backs Ballmer

May 26, 2011

Microsoft’s board stood behind CEO Steve Ballmer, defending its longtime leader after influential hedge fund manager David Einhorn touched off a debate by calling for his dismissal. The fund manager, who made his name warning about the financial health of Lehman Brothers before the investment bank’s collapse, accused Ballmer on Wednesday evening of being stuck in the past, launching the sharpest attack yet by a high-profile investor against the company’s leadership.