Business news
NY files antitrust suit against Intel (Update)
Nov 04, 2009 |
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(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.
Software cos. eye key patent case in Supreme Court
Nov 08, 2009 |
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(AP) -- With the technology industry looking on, the Supreme Court on Monday will explore what types of inventions should be eligible for a patent in a pivotal case that could undermine such legal protections ...
575-million-dollar fund targets technology startups
Nov 02, 2009 |
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Silicon Valley venture capital firm Greylock Partners said Monday it has 575 million dollars in a new fund to back promising technology startups.
Fortune crowns Steve Jobs 'CEO of Decade'
Nov 05, 2009 |
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Fortune Magazine crowned Apple top dog Steve Jobs "CEO of the Decade" in its newest edition.
EA posts 2Q loss, cutting 17 pct. of work force
2 hours ago |
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(AP) -- Electronic Arts plans to cut its work force by 17 percent as it tries to align its business with a transforming video game industry.
New Orleans jury: Dell liable in crime camera suit
Nov 02, 2009 |
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(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.
DirecTV shows subscriber gains, as rivals see loss
Nov 05, 2009 |
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(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 ...
Google ordered to pay 500,000 dlrs to F1 racer Barrichello
1hour ago |
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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.
Global crisis hitting IT spending: Microsoft chief
Nov 02, 2009 |
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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
Nov 02, 2009 |
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(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 ...
Forrester projects rise in online holiday sales
Nov 02, 2009 |
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(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.
Nokia Siemens Networks to lay off up to 5,700
Nov 03, 2009 |
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(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).
Ancestry.com hopes to raise $100 million in IPO
Nov 04, 2009 |
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(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, ...
Microsoft lays off 800 more workers worldwide
Nov 04, 2009 |
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(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
Nov 04, 2009 |
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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.
