InternetNews Staff

Lenovo, the world’s No. 4 personal computer maker, is ready to make its next major acquisition despite a slowing global economy, the South China Morning Post newspaper said on Tuesday. “Although we remain cautious, it is time for us to take on another challenge,” the newspaper quoted CFO Wong Wai Ming as saying. It was […]

Source: Reuters OSLO — Microsoft CEO Steve Ballmer said today no company was immune to the global financial crisis, which he expects to sap both consumer and business spending. “Financial issues are going to affect both business spending and consumer spending, and particularly … spending by the financial services industry,” Ballmer told reporters on the […]

Microsoft (NASDAQ: MSFT) has adopted a change in strategy with developer tools announcements. Now, it’s providing details in a slow, steady fashion rather than the “fire hose” method of providing a lot of information at once, as with prior launches. The change has to do with the latest Visual Studio Team System (VSTS) 2010, code-named […]

BOSTON (Reuters) — Apple (NASDAQ: AAPL) shares tumbled 16 percent on Monday, their biggest drop in seven years, amid concerns the maker of Mac computers and other consumer electronics will suffer as the economy slows. Two brokerages cut their price targets, earnings forecasts and stock recommendations on the company, which also makes iPod music players […]

LOS ANGELES (Hollywood Reporter) — A consortium of the nation’s top movie-theater chains will announce within two weeks a $1 billion-plus financing agreement with four major studios to equip more than 15,000 screens nationwide with digital-projection systems during the next three years. Universal, Paramount, Disney and Fox — with financing backing from JPMorgan Securities — […]

WASHINGTON — The Federal Communications Commission on Thursday proposed halving the minimum opening bid on a piece of valuable wireless spectrum, but several commissioners expressed doubt that the plan would work, after an earlier auction failed to attract industry interest. The five-member FCC approved a draft proposal, devised by the agency’s chairman, Kevin Martin, cutting […]

BRUSSELS — Dell (NYSE: DELL), the world’s second biggest computer maker, expects to grow faster than other companies in the business, Chief Executive Michael Dell told a news conference on Thursday. “You will see Dell grow faster than the rest of the industry in Europe and in the world,” Dell said. Asked what impact the […]

NEW YORK — News Corp’s (NYSE: NWS) MySpace, the world’s largest social networking site, on Wednesday unveiled a long-expected joint venture with all four major music companies in a bid to compete with Apple Inc’s market-leading iTunes store. MySpace Music is designed to win fans with a mix of unlimited free music, comprehensive music catalogs, […]

Yahoo’s chief executive said his company’s new system will make Internet advertising cheaper and easier for publishers and advertisers. Yahoo Chief Executive Jerry Yang told Reuters in an interview that publishers and advertisers would benefit from a more efficient process that would allow them to sell their products and services on more than one website […]

GENEVA — A technical glitch has forced scientists to shut down the huge particle-smashing machine built to simulate the conditions of the “Big Bang” for at least two months, they said on Saturday. The European Organization for Nuclear Research (CERN) said there had been a major helium leak on Friday into the tunnel housing the […]

McAfee, the world’s No. 2 security software maker, said on Monday it plans to buy Internet security company Secure Computing for $465 million in cash. The move gives McAfee a suite of software, services and hardware products to protect hackers from getting past the perimeters of computer networks. McAfee (NYSE: MFE) is already the No. […]

Source: Reuters Google extended an already wide lead in the U.S. Web search to 63 percent share of the market in August, its biggest monthly gain in five months, a report said on Thursday. Yahoo (NASDAQ: YHOO), the No. 2 player in the U.S. Web search market saw its share of the business drop 0.9 […]