InternetNews Staff

SEATTLE — A small Yahoo investor proposed a new deal on Thursday to sell the company to Microsoft (NASDAQ: MSFT) for $22 a share, a 74 percent premium to the Web pioneer’s current stock price. Under the proposal by investment fund Mithras Capital, Microsoft would unload Yahoo’s Asian assets and non-search businesses, extract $3 billion […]

The cost of talking on the go is coming down, thanks to an increasing number of options for using Internet calling services on mobile phones as an alternative to traditional cellular service plans. Nokia is one of the biggest makers of mobile phones with Wi-Fi chips. Some high-profile devices are equipped with the short-range wireless […]

The recent plunge in the market value of BlackBerry maker Research In Motion could leave the company vulnerable to a takeover from a well-capitalized buyer such as Microsoft Corp. RIM’s shares, which were worth more than $148 on the Nasdaq market just four months ago, now are trading around the $60 mark amid the U.S. […]

HONG KONG — A string of potential deals between memory chip makers underscores the desperate need to consolidate as the global financial crisis threatens to squeeze an industry already struggling with plummeting demand and falling prices. But with most chip makers strapped for cash, and with credit markets drying up, the question is: Who has […]

IBM posted a stronger-than-expected preliminary quarterly profit and stood by its full-year outlook, defying worries that the financial crisis would hurt demand for its computer products and services. Shares of IBM (NYSE: IBM) rose 6 percent in after-market trade on the news on Wednesday, which came after technology shares have been hammered by fears that […]

The global mobile phone market should grow at much slower-than-expected rates next year as consumers put off buying new devices due to deepening economic concerns, according to forecasts from analysts. While industry executives often say mobile phones are the last thing consumers will give up to save money, analysts are now citing lengthening phone replacement […]

YouTube, the world’s most popular video-sharing site, will start to sell music and video games and experiment with new advertising formats to grow revenue, executives said on Tuesday. The Google-owned business is taking the first steps toward building an e-commerce service through which it will sell music, films, TV shows, video games, books, concert tickets […]

What if there were a run on a bank and no one knew? In recent days, some U.S. media have focused on a “silent run” on the deposits of Wachovia bank, which is now being taken over, after a bailout plan stalled and its rival Washington Mutual was seized. Commentators including Nouriel Roubini, professor of […]

Source: Reuters U.S. chipmaker Advanced Micro Devices said it plans to spin off its manufacturing plants into a joint venture with Abu Dhabi to get a cash injection and shrink debt to better compete against larger rival Intel. AMD’s (NYSE: AMD) shares soared 31 percent on the news on Tuesday, after Wall Street has waited […]

Cox Communications did not infringe patents owned by Verizon Communications, a jury in Virginia decided on Monday. Verizon (NYSE: VZ) had accused Cox of infringing six patents related to Voice-over-IP telephony, but a jury at the U.S. District Court for the Eastern District of Virginia decided against Verizon on all six patents. The suit came […]

LISBON — A Portuguese online bank unveiled a novel interest rate deal Monday by letting clients bet on the outcome of the U.S. presidential election. Banco Best’s customers will be awarded interest on their 60-day deposits on the basis of whether they bet correctly on the winner of the Nov. 4 U.S. election between Sen. […]

eBay plans to cut its workforce 10 percent and sees third-quarter revenue hitting the low end of its forecast, though profit will exceed expectations, the online auction Web site said on Monday. The company also said it would spend more than $1.3 billion to buy companies that bolster its online payments and classifieds businesses as […]