Business news

EU objects to Oracle's takeover of Sun

Technology / Business

15 hours ago | 5 / 5 (3) | 0

(AP) -- European antitrust regulators have formally objected to Sun Microsystems Inc.'s planned $7.4 billion sale to Oracle Corp., escalating a battle over a deal that has already been cleared in the U.S.

Google ordered to pay 500,000 dlrs to F1 racer Barrichello

Technology / Business

18 hours ago | 1 / 5 (2) | 2

Internet giant Google has been ordered to pay 500,000 dollars in damages to Formula 1 racer Rubens Barrichello for hosting fake online profiles of him on its social network Orkut.

'Cloud' computing market 14 bln dollars by 2014: Gartner

Technology / Business

18 hours ago | not rated yet | 0

Industry tracker Gartner forecast on Monday that revenue from Internet-based "cloud computing" will top 14 billion dollars annually by the end of 2013.

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

Technology / Business

Nov 06, 2009 | 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.

DirecTV shows subscriber gains, as rivals see loss

Technology / Business

Nov 05, 2009 | 1 / 5 (1) | 0

(AP) -- Satellite TV operator DirecTV Group Inc. was one of the few pay-TV companies to attract new subscribers in the third quarter, as it reported revenue growth of 10 percent that was partly offset by higher costs to attract ...

Activision posts 3Q profit, backs 2009 outlook

Technology / Business

Nov 05, 2009 | not rated yet | 0

(AP) -- It's been a rough year for the video game industry, but Activision Blizzard Inc. reported a profit for its third quarter because of a good response for games such as "Guitar Hero 5" and "World of ...

No Doubt sues video game maker over 'Band Hero'

Technology / Business

Nov 05, 2009 | not rated yet | 0

(AP) -- No Doubt on Wednesday sued video game maker Activision for putting words in band members' mouths.

Samsung to pay Qualcomm 1.3 bln dlrs in new licensing deal

Technology / Business

Nov 05, 2009 | not rated yet | 0

South Korea's Samsung Electronics said Thursday it will pay 1.3 billion dollars plus royalties to US wireless chip supplier Qualcomm under a new 15-year licensing deal.

Blackberry maker RIM to buy back $1.2 bln in stock

Technology / Business

Nov 05, 2009 | not rated yet | 1

Blackberry smartphone maker Research in Motion (RIM) announced Thursday it would buy back 1.2 billion US dollars worth of its stock to prop up the sagging share price amid heightened competition.

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.

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.

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.

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).