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March 05 2012

18:53

Pandora shares get a boost from analyst upgrade (AP)

AP - Shares of Pandora Media Inc. rose Monday after an analyst upgraded the company, saying it will likely make more money from mobile advertising.
Tags: business
16:24

Abu Dhabi gets full ownership of chip manufacturer (AP)

AP - The Abu Dhabi government on Monday agreed to acquire full control of Advanced Micro Devices Inc.'s former microchip manufacturing unit, though AMD will remain a key customer.
Tags: business

March 03 2012

00:41

IRS software glitch delays some tax refunds (Reuters)

Reuters - The U.S. Internal Revenue Service's new software system for handling electronic tax returns has experienced problems during the tax filing season, angering some taxpayers whose refunds have been delayed.
Tags: business

February 21 2012

21:47

Dell shares fall on earnings miss, outlook (Reuters)

Reuters - Dell Inc forecast fiscal first-quarter revenue below Wall Street's expectations, stoking fears the PC industry has not fully emerged from its downturn and sending the company's shares more than 4 percent lower.
Tags: business
19:35

Ericsson buys BelAir to boost WiFi offering (Reuters)

Reuters - Swedish telecoms gear maker Ericsson is to buy privately held WiFi technology company BelAir Networks to boost its mobile broadband offering.
Tags: business

February 18 2012

22:44

Court upholds lawsuit against Bay area Hooters (AP)

AP - A state appeals court has upheld a class-action lawsuit filed by servers at several San Francisco Bay area Hooters restaurants.
Tags: business

February 13 2012

18:27

Top editor at Sun tabloid attacks UK hacking probe (AP)

AP - Is Rupert Murdoch's best-selling newspaper in open revolt?
Tags: business

February 10 2012

13:41

Turbo-traders take Bank of America for a ride (AP)

FILE - In this Tuesday, Aug. 23, 2011 file photo, Bank of America Merrill Lynch traders work on the floor of the New York Stock Exchange in New York. There are fewer and fewer traders on the NYSE floor because of the dominance of computer trading of securities - including the high-frequency trading that can take advantage of price changes in a millisecond. Bank of America is the stock of the moment for high-frequency trading; investors use computer algorithms to exploit small changes in a stock's price. If a computer can seize on a stock like Bank of America a fraction of a second faster than the rest of the market, it can book a tiny profit. (AP Photo/Henny Ray Abrams)AP - On a normal day, 4 billion shares of stock change hands on the New York Stock Exchange. One in 10 belongs to a single company. It's not McDonald's or IBM, both of which have been on a tear.


Tags: business

January 29 2012

17:19

Teens migrating to Twitter — sometimes for privacy (AP)

AP - Teens don't tweet, will never tweet - too public, too many older users. Not cool.
Tags: business

January 28 2012

18:16

British police arrest 5 in tabloid bribery probe (AP)

A news camera films the offices of News International company headquarters in London, Saturday, Jan. 28, 2012.  British police on Saturday arrested four people, including a police officer, on suspicion of corruption as part of an ongoing investigation into police bribery by the now defunct News of the World tabloid newspaper, and the police said the arrests were made as a result of information provided by Murdoch's News Corp., and officers were searching the east London headquarters of the media mogul's British newspapers for evidence.  (AP Photo/Sang Tan)AP - The criminal investigation into British tabloid skullduggery turned full force on a second Rupert Murdoch publication Saturday, with the arrest of four current and former journalists from The Sun on suspicion of bribing police.


Tags: business

January 25 2012

16:52

Mohegan Sun owners outline debt refinancing plan (AP)

AP - The parent company of the Mohegan Sun casinos has announced a debt refinancing plan offering new terms to bond holders and reducing the loan amount.
Tags: business

January 20 2012

22:22

SOPA/PIPA Indefinitely Shelved After Massive Protest (ContributorNetwork)

ContributorNetwork - After a massive online protest that saw top 500 websites such as Wikipedia, Reddit, and Craigslist shut down for day, the controversial SOPA and PIPA bills have been tabled indefinitely in the Congress. The Protect IP Act (S.968, a rewrite of the failed 2010 Combating Online Infringement and Counterfeits Act) was scheduled for a vote next week in the Senate, but Senate Majority Leader Harry Reid has stated that he was postponing the vote "in light of recent events", according to CNN. The House of Representatives has also held their version of the bill, the Stop Online Piracy Act (SOPA, or H.R.3261.IH). House Judiciary Committee Chairman Lamar Smith stated that the House will "postpone consideration of the legislation until there is wider agreement on a solution." Both bills had widespread bipartisan support, but after key politicians withdrew their endorsement, the bills quickly withered on the Floor.
Tags: business
01:54

IBM, other tech results point to robust IT demand (Reuters)

Reuters - A strong outlook from IBM and decent results from Intel Corp and Microsoft Corp suggest that corporate decision makers are shaking off nervousness about economic growth and boosting spending on technology.
Tags: business

January 19 2012

01:34

U.S. charges Chinese man with NY Fed software theft (Reuters)

Reuters - U.S. prosecutors arrested a Chinese computer programmer on charges he stole software code valued at nearly $10 million from the Federal Reserve Bank of New York.
Tags: business

January 18 2012

21:21

LightSquared calls for new testing of its network (Reuters)

Reuters - LightSquared, the telecom start-up backed by hedge fund manager Philip Falcone, called for new tests of its mobile system to examine interference concerns after it accused the latest government tests of being "rigged."
Tags: business

January 14 2012

09:38

Facebook, Google, others face charges in India (AP)

AP - For the first time, Indian prosecutors are taking Google, Yahoo, Facebook and other networking sites to court for refusing to remove material considered insulting to Indian leaders and major religious figures.
Tags: business

December 30 2011

23:55

Letter airs harassment claims against HP's ex-CEO (AP)

AP - Former Hewlett-Packard CEO Mark Hurd's efforts to impress an HP event hostess included showing her his checking-account balance holding over $1 million, according to a letter detailing the sexual harassment allegations that led to his ouster.
Tags: business

December 29 2011

19:49

Del. court says ex-HP CEO can't keep letter secret (AP)

AP - Former Hewlett-Packard Co. CEO Mark Hurd will have to make public a letter detailing sexual-harassment allegations that led to his ouster.
Tags: business

December 23 2011

19:39

FCC Approves AT&T's Spectrum Deal with Qualcomm (NewsFactor)

NewsFactor - Seeking to expand mobile broadband deployments throughout the United States, the FCC has given AT&T the green light to begin using the 700MHz spectrum licenses the carrier purchased from Qualcomm for $1.925 billion in December 2010.
Tags: business

December 21 2011

20:37

Ind. AG challenges order forcing Daniels testimony (AP)

AP - Indiana Attorney General Greg Zoeller wants to appeal an order that compels Gov. Mitch Daniels to testify in lawsuits over the state's cancellation of a $1.37 billion contract IBM Corp. received to modernize the state's welfare system.
Tags: business
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