HP says it will buy EDS for about $12.6 billion

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(AP) -- Hewlett-Packard Co. has agreed to buy Electronic Data Systems Corp. for about $12.6 billion to build a technology-services company that could challenge IBM.


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All News summaries for May 13, 2008

AOL shutting 3 services to cut costs, focus on ads

45 minutes ago | User rating: not rated yet
(AP) -- AOL is shutting three data-storage services, including one of the Internet's earliest photo-sharing sites, as it seeks to cut costs and focus resources on its advertising opportunities.

Bikers, pedestrians seeking better Web maps

2 hours ago | User rating: not rated yet
(AP) -- With the old gas-guzzler in the garage, you've got your bicycle ready and your sneakers laced up. Now all you need is a map of the quickest, safest routes for riding around town. Well, not so fast.

Netflix 2Q profit up 4 pct, beats analyst views

2 hours ago | User rating: not rated yet
(AP) -- Netflix Inc.'s second-quarter profit crept up 4 percent, beating analyst expectations as the online DVD rental leader signed up 168,000 new customers while spending less money to attract them to the service.

Europe’s next-generation broadband

2 hours ago | User rating: not rated yet
An enormous research effort by Europe’s leading broadband players has helped accelerate dramatically the rollout of next-generation broadband services reaching speeds in the 10s of Mbit/s in many European countries. That ...

Samsung says Q2 profit up 108 percent

10 hours ago | User rating: not rated yet
South Korea's Samsung Electronics Co. said Friday that second-quarter profit jumped 108 percent year-on-year, what it called a "relatively solid" performance despite missing market forecasts.
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