InternetNews Staff

BOSTON/NEW YORK — Microsoft and Yahoo (NASDAQ: YHOO) are making last-minute efforts to seal a deal before Microsoft takes its Yahoo bid hostile or abandons it altogether, sources familiar with the matter said on Friday. Meanwhile The New York Times reported in its Saturday editions that Microsoft (NASDAQ: MSFT) had raised its $31 per share […]

Nortel CEO Mike Zafirovski Source: Nortel Networks Nortel Networks (NYSE: NT) posted a bigger first-quarter loss on Friday as a series of charges weighed on results, but the telecommunications equipment maker reassured investors that it still expects to meet its full-year targets, which sent its shares higher. Nortel reported a loss of $138 million, or […]

Microsoft (NASDAQ: MSFT) Chief Executive Steve Ballmer said on Thursday that walking away from a deal with Yahoo remained one of “three big options” the company is weighing and that an announcement will come shortly. Neither side would comment on whether they were seeking a last-minute deal before Microsoft makes good on its threat to […]

Time Warner’s (NYSE: TWX) AOL unit, RealNetworks (NASDAQ: RNWK) and Yahoo (NASDAQ: YHOO) could stand to pay up to $100 million in royalties owed to thousands of songwriters and publishers, after a federal judge established a formula for determining the payments. The move could force the three online services to pay royalties to the American […]

Source: Reuters Web classifieds leader Craigslist sought a divorce, while online auction giant eBay (NASDAQ: EBAY) proposed a formal marriage, according to court papers unsealed on Wednesday that detail a testy four-year relationship. In a lawsuit filed under seal in Delaware Chancery Court last week, eBay alleged that Craigslist held “clandestine” directors’ meetings in recent […]

Apple (NASDAQ: AAPL) said on Thursday it would begin selling movie downloads on its iTunes service on the same day as the titles are released in DVD form, under agreements with most of the top Hollywood studios. Apple shares rose 2 percent on the news, as investors hoped the new movie sales would boost purchases […]

Source: Reuters IBM (NYSE: IBM) on Wednesday launched tools to reduce computer-energy consumption as IBM hopes to boost its business of selling power-saving technologies. The products, announced at an IBM business-partner conference in Los Angeles, are designed to measure power consumption and reduction across energy-hungry computer datacenters that run corporate networks and Web sites. The […]

It took about 40 years to find it, but scientists at Hewlett-Packard said on Wednesday they discovered a fourth basic type of electrical circuit that could lead to a computer you never have to boot up. The finding proves what until now had only been theory — but could save millions from the tedium of […]

Google’s (NASDAQ: GOOG) top priority this year is to make money off its YouTube video-sharing site, chairman and CEO Eric Schmidt said in a TV interview that sent Google’s shares up 4.7 percent. “I don’t think we’ve quite figured out the perfect solution of how to make money, and we’re working on that. That’s our […]

I just arrived at the Interop trade show in Las Vegas and the event is huge. Interop Las Vegas has a clear message: the technology industry is alive and well. Economic downturn? What economic downturn? This trade show is the crown jewel of the nearly one trillion-dollar information technology business. Everybody is here. Every tiny […]

3Com (NASDAQ: COMS) on Tuesday named a new CEO who will be based in China, after it failed to win U.S. government approval to sell a minority stake to China’s biggest telecom gear maker, Huawei Technologies. The U.S. telecom equipment firm earns much of its revenue from China, and the new chief executive, Robert Mao, […]

It was a pivotal moment for the music industry that many thought sounded the death knell for recorded music sales, but Radiohead won’t be repeating its initiative to let fans pay what they want for their downloads, the English rock band’s frontman said Tuesday. “I think it was a one-off response to a particular situation,” […]