InternetNews Staff

Source: Reuters French movie buffs are illegally downloading at least as many films as they pay to see in cinemas, a study showed on Wednesday. Alpa, a cinema industry group that fights audiovisual piracy, commissioned the study to compare the numbers of films downloaded on the Internet using peer-to-peer technology with cinema ticket sales. People […]

Rackspace Hosting (NYSE: RAX) shares fell by 12 percent in the Web hosting company’s market debut Friday, a day after its initial public offering priced at the lower end of the forecast range. The San Antonio-based company’s shares traded at $10.92, down 12.6 percent, in mid-morning trading on the New York Stock Exchange. Its shares […]

Google’s 5 percent stake in Time Warner’s AOL unit may be worth less than the $1 billion the Web company paid for it in 2006, Google warned in a regulatory filing on Thursday. “We believe our investment in AOL may be impaired,” Google (NASDAQ: GOOG) said in its latest quarterly financial filing with the U.S. […]

Source: Reuters It may be about time to dig out that old library card. Hoping to draw back readers, libraries have vastly expanded their lists of digital books, music, and movies that can be downloaded by their patrons to a computer or MP3 player — and it doesn’t cost a cent, unlike, say, media from […]

Source: Reuters Lenovo Group, the world’s fourth-largest PC maker, posted a 65 percent rise in quarterly earnings, the slowest growth in a year, as it copes with a U.S. slowdown and weaker Chinese demand after a devastating earthquake. China’s largest maker of personal computers posted a net profit of $110.49 million from April to June, […]

BOSTON — The U.S. government charged 11 people on Tuesday with stealing tens of millions of credit and debit card numbers from major retailers including TJX Cos (NYSE: TJX), in one of the largest reported identity-theft incidents on record. The U.S. Attorney in Boston said those charged were involved in the theft of more than […]

NEW YORK — Comcast (NASDAQ: CMCSA), the largest U.S. cable operator, said on Tuesday it is buying DailyCandy, a women’s fashion and lifestyle e-mail newsletter for an undisclosed amount. Comcast paid around $125 million for the closely held New York-based company, according to people familiar with the talks. DailyCandy employs 55 people and sends out […]

Time Warner said it would split AOL’s dial-up Internet and advertising businesses into separate divisions by early 2009 and reported a slightly higher-than-expected quarterly profit, citing strong cable advertising sales and films like “Sex and the City.” By shedding the cable division by the end of the year and splitting the AOL business, Time Warner […]

Yahoo Inc on Tuesday released a recount of the vote for its board that sharply altered the results, revealing a strong protest vote against five of nine directors including CEO Jerry Yang. The Internet company said revised vote tallies showed 33.7 percent of votes withheld for Yang, the company’s co-founder, with 66.3 percent in favor […]

U.S. phone company AT&T (NYSE: T) has joined the likes of Google (NASDAQ: GOOG), Microsoft (NASDAQ: MSFT) and IBM (NYSE: IBM) in delivering Web-based business services from its datacenters rather than having customers run the services themselves. The new service, which is a part of AT&T’s $1 billion planned global network investment in 2008, will […]

BEIJING (Reuters) – Clips and highlights of Olympic events are to be made available on the video-sharing site YouTube, owned by Google, under an agreement with the International Olympic Committee, the IOC said in a statement. “The IOC’s priority is to ensure that as many people as possible get to experience the magic of the […]

U.S. technology giants Microsoft, Google and Yahoo, in talks with other Internet companies and human-rights groups, have reached an agreement on a voluntary code of conduct for activities in China and other restrictive countries, the Wall Street Journal reported on Tuesday. In separate letters sent to Sens. Richard Durbin (D-Ill.) and Tom Coburn (R-Okla.), the […]