Business news

Deja vu: Wal-Mart, Amazon, Target in DVD price war

Technology / Business

21 hours ago | not rated yet | 0

(AP) -- Wal-Mart Stores Inc. is upping the ante heading into the holiday season, trimming the online preorder prices of some upcoming DVDs following last month's price cut on books.

Judge orders US music website to drop Beatles songs

Technology / Business

Nov 06, 2009 | not rated yet | 1

A judge on Thursday ordered a California online music service to stop delivering Beatles songs to users, according to a copy of the ruling posted online.

Fortune crowns Steve Jobs 'CEO of Decade'

Technology / Business

Nov 05, 2009 | 3 / 5 (2) | 0

Fortune Magazine crowned Apple top dog Steve Jobs "CEO of the Decade" in its newest edition.

NY files antitrust suit against Intel (Update)

Technology / Business

Nov 04, 2009 | 3.9 / 5 (7) | 0

(AP) -- New York's attorney general hit Intel Corp. with an antitrust lawsuit Wednesday, claiming the company used "illegal threats and collusion" to dominate the market for computer microprocessors.

Cisco forecasts first revenue growth in a year

Technology / Business

Nov 04, 2009 | not rated yet | 0

(AP) -- Cisco Systems Inc. doesn't want Wall Street to interpret its forecast for its first quarterly revenue growth in a year as evidence that the U.S. and other economies are roaring back.

Microsoft lays off 800 more workers worldwide

Technology / Business

Nov 04, 2009 | not rated yet | 0

(AP) -- Microsoft Corp. says it is cutting 800 more jobs. That's in addition to the 5,000 layoffs it announced in January.

News Corp. net profit up on movie, cable TV showing

Technology / Business

Nov 04, 2009 | not rated yet | 0

Global media giant News Corp. posted an 11 percent rise in quarterly net profit on Wednesday as strong results from its movie, cable television and book publishing divisions offset a newspaper slump.

Microsoft, Taiwan to set up cloud computing centre

Technology / Business

Nov 04, 2009 | not rated yet | 0

US software giant Microsoft Corp. on Wednesday signed an agreement with Taiwan to jointly establish a research centre here for the development of Internet computing technology.

Ancestry.com hopes to raise $100 million in IPO

Technology / Business

Nov 04, 2009 | not rated yet | 0

(AP) -- Genealogy Web site Ancestry.com hopes to raise about $100 million when it goes public this week. With more than a million paying subscribers, little competition, a small debt load and a record of increasing revenues, ...

Nokia Siemens Networks to lay off up to 5,700

Technology / Business

Nov 03, 2009 | not rated yet | 0

(AP) -- Nokia Siemens Networks said Tuesday it will lay off up to 5,700 workers globally as part of a move to cut annual costs by euro500 million ($740 million).

575-million-dollar fund targets technology startups

Technology / Business

Nov 02, 2009 | 5 / 5 (1) | 0

Silicon Valley venture capital firm Greylock Partners said Monday it has 575 million dollars in a new fund to back promising technology startups.

New Orleans jury: Dell liable in crime camera suit

Technology / Business

Nov 02, 2009 | 4 / 5 (1) | 0

(AP) -- A jury found Dell Inc. liable Monday for $12.8 million in damages over unfair competition and conspiracy claims in a lawsuit involving the city's problematic crime camera surveillance program.

Forrester projects rise in online holiday sales

Technology / Business

Nov 02, 2009 | not rated yet | 0

(AP) -- Forrester Research Inc. is projecting an 8 percent increase to $44.7 billion in online holiday sales compared with a year ago as bargain hunters turn to the Web for deals.

Global crisis hitting IT spending: Microsoft chief

Technology / Business

Nov 02, 2009 | not rated yet | 0

Companies worldwide are slashing spending on information technology because of the global downturn and will have to learn to do more with less, Microsoft chief executive Steve Ballmer said Monday.

Humana 3Q profit jumps on government programs

Technology / Business

Nov 02, 2009 | not rated yet | 0

(AP) -- Health insurer Humana Inc. rode its strong government business in posting a 65 percent jump in third-quarter profit Monday, as bulging membership and premiums from Medicare Advantage overcame a lackluster ...

Major layoffs loom at Time Inc.: reports

Technology / Business

Oct 30, 2009 | not rated yet | 0

Time Inc., publisher of Time, Fortune, Sports Illustrated, People and other magazines, plans to lay off some 540 employees starting next week, or six percent of its workforce, The New York Post reported Friday.

Nintendo profits sink on Wii woes

Technology / Business

Oct 29, 2009 | 3 / 5 (1) | 0

Nintendo Co. revealed Thursday a plunge in profits and slashed its full-year forecasts as sales of its blockbuster Wii video game console take a dive in the absence of hit new games.

Motorola's shares surge with unexpected profit (Update)

Technology / Business

Oct 29, 2009 | not rated yet | 0

(AP) -- The turnaround effort long sought at Motorola Inc. finally could be on track.