InternetNews Staff

Citigroup said it is likely Microsoft (NASDAQ:MSFT) will raise its $31-per-share offer for Yahoo (NASDAQ: YHOO) and upgraded Yahoo shares to “buy” from “hold.” The brokerage also raised its price target on Yahoo’s stock to $34 from $31, saying it believed Microsoft remained committed to its offer and “is capable of and willing to” increase […]

Sony Pictures Home Entertainment is targeting April 8 as the date it will release its first batch of Blu-ray Disc titles that can be connected to the Internet for more bonus materials and features. The musical spoof “Walk Hard: The Dewey Cox Story” and the Arnold Schwarzenegger sci-fi thriller “The 6th Day” will be the […]

The U.S. Justice Department on Monday approved the proposed $4.22 billion purchase of XM Satellite Radio (NASDAQ: XMSR) by Sirius Satellite Radio (NASDAQ: SIRI) after concluding a combined XM-Sirius would not harm consumers. The deal still needs approval from the Federal Communications Commission, which is expected to follow the Justice Department’s lead. The deal, announced […]

Google on Monday unveiled plans for a new generation of wireless devices to operate on soon-to-be-vacant television airwaves, and sought to alleviate fears that this might interfere with TV broadcasts or wireless microphones. In comments filed with the Federal Communications Commission, the Internet leader outlined plans for low-power devices that use local wireless airwaves to […]

Investor Carl Icahn said on Monday he is suing Motorola (NYSE: MOT) to force it to hand over documents related to its mobile devices business, and he urged investors to elect his slate of candidates to the Motorola board. “Over the past 12 months, the statements and predictions of Motorola’s management and the board about […]

Europe’s top semiconductor maker, STMicroelectronics (NYSE: STM), said it has developed a portable chip to detect influenza viruses, including bird flu in humans. The device, which functions as a mini laboratory on a chip, can screen and identify multiple classes of pathogens and genes in a single diagnostic test within two hours, unlike other tests […]

Gibson Guitar said on Friday that it filed a patent infringement lawsuit against Viacom’s MTV Networks, Harmonix and Electronic Arts (NASDAQ: ERTS) relating to the wildly popular Rock Band video game and Harmonix’s previously developed game, Guitar Hero. The lawsuit, filed in Federal District Court in Tennessee, relates to the same patent involved in another […]

Microsoft (NASDAQ: MSFT) and Hewlett-Packard (NYSE: HPQ), the world’s top software and PC firms, on Thursday announced plans for a new technology center in Taiwan, the world’s computer-manufacturing hub. Companies such as HP and Dell (QUOTE: DELL) are the world’s top sellers of PCs, but most of the actual hardware — about 80 percent of […]

Wireless network equipment makers may see a flurry of new orders in the next two years after a $19 billion government auction of wireless airwaves, analysts said. The top two U.S. mobile services AT&T (NYSE: T) and Verizon Wireless were the biggest spenders in the auction. While some analysts see the outcome as less of […]

The U.S. International Trade Commission said it would launch an investigation into some 30 companies including Sony (NYSE: SNE) on possible patent infringements related to Blu-ray disc players and other products. The commission said on its Web site on Thursday that the products involved are short-wavelength light-emitting diodes and laser diodes used in such electronics […]

A new version of Mozilla’s popular Firefox Web browser is ready for download with improved security and memory use as the tiny company takes a stab at Microsoft Corp’s dominant Internet Explorer. The program’s creators told Reuters on Thursday that the privately-held company’s trial version of Firefox 3 browser is ready for the masses to […]

Dell (NASDAQ: DELL) plans to buy $23 billion of components from China this year and $29 billion in 2009, helping it reduce costs while the company’s main market, the United States, is facing recession. The commoditization of computer hardware means competition is more a function of price and efficiency than quality and branding, making China […]