InternetNews Staff

Time Warner said on Monday it is asking some bondholders to change credit terms, a move expected to pave the way for a spinoff of its beleaguered Internet unit AOL. The media conglomerate, whose shares fell 4 percent in early trading, said the change in credit terms will allow for a possible change in ownership […]

FriendFeed’s redesigned layoutClick to enlarge Social media sharing site FriendFeed unveiled a new design today that the company said is meant to make it more intuitive, consistent and “ideally, more elegant.” The biggest change is real-time updates. In earlier versions, you would have to update or refresh the page to get the latest feeds from friends. Now, […]

IBM and Sun Microsystems broke off acquisition talks after Sun indicated it was unhappy with IBM’s offer of $9.40 or below per share, a source with knowledge of the matter said on Sunday. The source, who was not authorized to speak publicly about the matter, said it was unclear if talks between the two companies […]

IBM and Sun Microsystems may announce a takeover deal next week, a source with knowledge of the matter said on Thursday, showing IBM may be completing a lengthy review ahead of what would be its biggest acquisition. The source, who was not authorized to speak publicly about the deal, said a final price was not […]

Google may be in talks to buy Internet start-up Twitter, the free micro-blogging service that allows people to send short text messages to a network of friends, the TechCrunch Web site said late Thursday. TechCrunch’s article by Michael Arrington said the two companies are also considering working together on a Google real-time search engine. Google […]

Caught Twittering or on Facebook at work? It’ll make you a better employee, according to an Australian study that shows surfing the Internet for fun during office hours increases productivity. The University of Melbourne study showed that people who use the Internet for personal reasons at work are about 9 percent more productive that those […]

Server and data storage products maker Rackable Systems on Wednesday said it agreed to acquire Silicon Graphics, which filed for bankruptcy protection earlier in the day, for about $25 million in cash. The Sunnyvale, California-based Silicon Graphics (NASDAQ: SGIC) listed assets of $390.5 million and total debt of $526.5 million in its Chapter 11 filed […]

Hewlett-Packard may use Google’s Android operating system in some of its netbooks, displacing Microsoft’s Windows, according to a media report on Tuesday. HP (NYSE: HPQ) is currently testing Android — a free, open-source operating system — for a possible netbook, the Wall Street Journal reported, citing people briefed on the matter. The company has not […]

Microsoft has signed up multiple software partners for its upcoming mobile phone software marketplace, including Web music service Pandora, game publisher Electronic Arts and social site Facebook. The software company said on Tuesday it plans to discuss those partnerships and conduct demonstrations of the software store — set to launch later this year — at […]

China on Tuesday rejected a report suggesting it may be involved in using computer networks to spy on exiled Tibetans and foreign governments, accusing its authors of being possessed by “the ghost of the Cold War.” China has been repeatedly accused of using the Internet to secretly enter computer networks abroad to carry out sabotage […]

Skype released its highly anticipated Apple iPhone application today, putting the Voice over IP (VoIP) company in a position to leverage the Apple App Store’s broad reach to find new users while callers get the benefit of free and low-cost VoWi-Fi calls. ** Seattle, WA-based Zero260, which calls itself  “a mobile experience studio” announced today […]

Google on Monday launched free downloads of licensed songs in China, while sharing advertising revenue with major music labels in a market rife with online piracy. Lee Kai-Fu, president of Google (NASDAQ: GOOG) in greater China, said one reason Google lagged in the mainland search market was because it did not offer music downloads, the […]