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Tencent-Led Funding Values Fab at Over $1 Billion

wsj.com — Two-year-old design website Fab is now worth more than $1 billion, thanks to an investment led in part by Chinese Internet conglomerate Tencent Holdings Ltd. China's largest listed Internet company is contributing to a $150 million round of venture capital and will appoint a director to Fab's board.

Building a Business on Hats With Fake Beards

online.wsj.com — In less than two years, design retailer Fab.com has become an e-commerce star. Selling such quirky items as patchwork poufs and animal-printed T -shirts, it has amassed millions of users and a roughly $700 million valuation in a recent round of investment.

Facebook's Thiel Explains Failed Twitter Takeover

businessweek.com — Technology The social network intends to grow during the downturn, but Facebook's imprecise and illiquid stock valuation limited its appeal to Twitter Facebook remains on the lookout for acquisitions after its failed attempt to buy microblogging site Twitter, one of the company's directors and largest investors says.

From Russia With Love: Facebook Lands $200 Million

businessweek.com — Technology The social networking site will tap Digital Sky Technologies for expansion funds in a deal valuing Facebook at $10 billion. Still no public issue Ending months of fevered speculation over whether it would raise more money, social network Facebook said on May 26 that it will take a $200 million investment from Russia's Digital Sky Technologies.

IBM, Lenovo Tackle Security Concerns Over Server Deal

online.wsj.com — IBM and Lenovo are grappling with ways to resolve U.S. national-security concerns over IBM's proposed $2.3 billion sale of its computer-servers business to the Chinese company. The worries center around possible vulnerabilities to Chinese spies or hackers.

IBM, Lenovo Tackle Security Concerns Over Server Deal

online.wsj.com — International Business Machines Corp. and Lenovo Group Ltd. are grappling with ways to resolve U.S. security concerns over IBM's proposed $2.3 billion sale of its computer-servers business to the Chinese company. The deal, struck in January, remains in limbo as the U.S.

Data From Castlight Health Shows Wide Differences in U.S. Medical Costs

blogs.wsj.com — Castlight Health lifted the veil-slightly-on its trove of data on the health-care prices paid by people who get health insurance from their employers. The finding: There are significant price differences for the same medical service in large U.S. cities.

H-P To Challenge IBM In Supercomputing With Apollo

blogs.wsj.com — Hewlett-Packard is taking on International Business Machines in high-end supercomputers, the latest sign that H-P is doubling down on technology hardware while IBM pulls back from the market. On Monday, H-P announced two new computer server products under the new Apollo brand name.

Administration Overhauls Federal Health-Care Website

online.wsj.com — The Obama administration is revamping HealthCare.gov and scrapping significant parts of the federal health-insurance marketplace in an effort to avoid the problems that plagued the site's launch last fall, according to presentations to health insurers and interviews with government officials and contractors.

IBM Avoids SEC Penalty Over Accounting of Cloud Computing

online.wsj.com — International Business Machines Corp. appears to have sidestepped any government penalty over its accounting treatment for cloud computing. The computer maker said the Securities and Exchange Commission's division of enforcement has concluded its...
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