Today in Tech: News around the Web

October 14, 2010: 7:57 AM ET

A round-up of the companies, deals, and trends that made headlines.

Every day, the Fortune staff spends hours poring over tech stories, posts, and reviews from all over the Web to keep tabs on the companies that matter. We've assembled the day's most newsworthy bits below.

    Photo: Benjamin Lowy/VII Network

  • Ex-IBM exec Robert Moffat was sentenced to six months in jail, (See: After the sentencing: What's ahead for Robert Moffat) two years of supervision, and ordered to pay a $50,000 fine for insider trading, or as federal court judge Deborah Batts termed it, "an outstanding breach of fiduciary duty." (emii)
  • AOL may be mulling over a bid for Yahoo, a rumor that boosted the latter company's shares by almost 13% yesterday. (wivb)
  • Oracle co-president Mark Hurd will reportedly make $950,000 a year and could pull in $10 million in bonuses. (ITWeb Computing)
  • The overall global PC market grew 11% during the third quarter of 2010; Apple's own growth jumped 24% that same period. (CRN)
  • Toyota plans to roll out six new hybrids -- two Lexus and four Toyota-branded vehicles -- by the end of 2012. (BBC)
  • Microsoft Bing will use Facebook's "Like" data to customize search results via a Facebook module that will appear on the left side of the screen. (Digital Trends)
  • Storage specialist EMC plans to take on Oracle, HP and IBM with its EMC Greenplum Data Computing Appliance, its first stab at selling complete systems to consumers. (ITProPortal)
  • Social media marketing platform maker Involver raised $7 million during its most recent round of funding. (Xconomy)
  • The 9th U.S. Circuit Court of Appeals ruled that a software publisher could stop buyers from reselling its software to others, hurting Gamestop's used game business (Street Insider)
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About This Author
JP Mangalindan
JP Mangalindan
Writer, Fortune

JP Mangalindan is a San Francisco-based writer at Fortune, covering Silicon Valley. Since joining in 2010, he has written on a wide array of topics, from the turnaround of eBay to the evolution of net neutrality. A graduate of Fordham University, Mangalindan has also written for GQ, Popular Science, and Entertainment Weekly.

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