Business news

AT&T and Verizon ads duel on airwaves and in court

Technology / Business

3 hours ago | not rated yet | 0

(AP) -- What would the holidays be without bickering between siblings? AT&T and Verizon are swamping TV with ads attacking facets of each other's wireless networks. While the ads stick fairly close to the truth, there's ...

Facebook creates dual-class structure, but no IPO

Technology / Business

13 hours ago | 1 / 5 (1) | 0

(AP) -- Facebook has created a dual-class stock structure designed to give founder Mark Zuckerberg and other existing shareholders control over the company.

Senators press EU to speed its Oracle-Sun probe

Technology / Business

11 hours ago | not rated yet | 0

(AP) -- U.S. senators are pressuring European antitrust regulators to hurry their investigation of Oracle Corp.'s proposed acquisition of Sun Microsystems Inc., citing Sun's "precarious" financial condition and fears about ...

HP profit jumps on cost cuts, new market expansion

Technology / Business

Nov 23, 2009 | not rated yet | 0

(AP) -- Hewlett-Packard Co.'s cost-cutting and push into new markets is helping soften the blow from weakness in the company's mainstay businesses.

Gartner forecasts 2.8 percent growth in PC sales in 2009

Technology / Business

Nov 23, 2009 | not rated yet | 0

Worldwide sales of personal computers, which had been forecast to decline this year, will instead post modest gains, Gartner research group said Monday.

Retailers look to stretch out Cyber Monday push

Technology / Business

Nov 23, 2009 | not rated yet | 0

(AP) -- Retailers are thinking beyond Cyber Monday - a holiday marketing promotion many push for the Monday after Thanksgiving - and trying to spin their discounts into into Cyber Weekends or even Cyber Weeks.

US newspaper ad revenue down nearly 28 percent

Technology / Business

Nov 20, 2009 | not rated yet | 1

US newspaper advertising revenue fell by nearly 28 percent in the third quarter, continuing a slide which has led to layoffs, bankruptcies and the closure of several dailies.

Sony hopes online service will build brand loyalty

Technology / Business

Nov 20, 2009 | not rated yet | 0

(AP) -- Sony's new online service connecting the whole range of its gadgets to downloadable content like movies and games should help build brand loyalty, a top executive said Friday.

EU extends Oracle/Sun review deadline until Jan 27

Technology / Business

Nov 20, 2009 | 3 / 5 (1) | 0

(AP) -- European Union regulators said Friday that they have extended until Jan. 27 a deadline to wrap up their antitrust review of Oracle Corp.'s planned $7.4 billion takeover of Sun Microsystems Inc.

EBay completes sale of Skype for $2 billion

Technology / Business

Nov 20, 2009 | not rated yet | 0

(AP) -- EBay has completed its sale of Skype for about $2 billion to an investor group that included the founders of the Internet phone service.

GE, Vivendi talks over NBC Universal stretch on

Technology / Business

Nov 20, 2009 | not rated yet | 0

(AP) -- A deal for Comcast Corp. to buy a controlling stake in NBC Universal and create one of the most powerful media companies in the world is taking longer than expected as the current owners tussle over ...

AOL offers buyouts to over a third of work force

Technology / Business

Nov 19, 2009 | not rated yet | 0

(AP) -- The struggling Internet company AOL plans to shed up to 2,500 jobs - more than a third of its work force - as it prepares to separate from Time Warner and finally sever their ill-fated marriage.

Dell's profit, stock drop on weak quarterly report

Technology / Business

Nov 19, 2009 | 5 / 5 (1) | 0

(AP) -- Some of the computer-industry's biggest players - such as IBM Corp., Intel Corp. and Hewlett-Packard Co. - have wowed Wall Street this fall with stronger-than-expected profits.

Observers wary of 'truce' between Intel, AMD

Technology / Business

Nov 19, 2009 | 4 / 5 (1) | 0

Can Intel and Advanced Micro Devices, Silicon Valley's version of the long-squabbling Hatfields and McCoys, really get along?

Sony chief executive outlines turnaround plan

Technology / Business

Nov 19, 2009 | not rated yet | 0

(AP) -- Sony said it aims to be profitable in gaming and flat-panel TVs by the fiscal year ending March 2011, pushing 3-D technology as a way to showcase its strength in entertainment and surface from deep ...

Judge rejects AT&T's bid to pull Verizon ads

Technology / Business

Nov 19, 2009 | not rated yet | 1

(AP) -- A federal judge on Wednesday denied a request by AT&T Inc. to force competitor Verizon Wireless to pull its "There's a Map for That" commercials.

Sony Ericsson closes NC, other sites as HQ moves

Technology / Business

Nov 18, 2009 | not rated yet | 0

(AP) -- Cell phone handset maker Sony Ericsson will move its North American headquarters from North Carolina to Atlanta and close a half-dozen sites worldwide as it retrenches against what it expects will be a tighter market ...

South Korean regulator approves iPhone

Technology / Business

Nov 18, 2009 | not rated yet | 0

(AP) -- South Korea's telecommunications regulator cleared the way Wednesday for the launch of Apple's iPhone, amid reports the hit device could reach consumers by the end of this month.