InternetNews Staff

SANTA ANA, Calif. — A computer hacker testified on Wednesday that a News Corp. (NYSE: NWS) unit hired him to develop pirating software, but he denied using it to penetrate the security system of a rival satellite television service. Christopher Tarnovsky, who said his first payment was $20,000 in cash hidden in electronic devices mailed […]

NEW YORK (Reuters) – Motorola Inc (NYSE: MOT) said on Thursday its quarterly loss widened on cell phone sales that were at the low end of analyst expectations, signaling further market share losses to Nokia and other rivals. Shares of the handset maker fell 4.2 percent in early trade after it missed Wall Street estimates […]

Apple (NASDAQ: AAPL) on Wednesday posted a 36 percent rise in quarterly profit, helped by strong sales of its Macintosh computers and iPod media players, but its cautious outlook disappointed investors. Shares edged lower after the company, known for conservative financial forecasts, also gave a profit outlook for its current quarter that was below Wall […]

Taiwan’s Acer, the world’s No.3 PC vendor, posted strong results for its core business in the first quarter and raised its sales forecast for the rest of the year as it expands aggressively. Ranking behind Hewlett-Packard (NYSE: HPQ) and Dell (NASDAQ: DELL) but ahead of China’s Lenovo, Acer has expanded into fast-growth consumer markets such […]

Microsoft CEO Steve Ballmer Source: Reuters Microsoft (NASDAQ: MSFT) is standing by its $44 billion bid for Yahoo (NASDAQ: YHOO) and will “move forward” if it is rejected, Microsoft CEO Steve Ballmer said on Wednesday. Microsoft, the world’s biggest software company by market value, has made an unsolicited bid for Yahoo, a U.S. Internet media […]

LOS ANGELES — EBay (NASDAQ: EBAY), the world’s largest online auctioneer, sued Craigslist, a competitor in which it holds an ownership stake, in a dispute over whether the Internet bulletin board tried to blunt eBay’s control. EBay alleged in the lawsuit that the board of directors of Craigslist, the Web’s dominant classifieds listing service, took […]

Yahoo CEO Jerry Yang Source: Reuters Yahoo (NASDAQ: YHOO) posted a better-than-expected quarterly profit on Tuesday but failed to do well enough to convince many on Wall Street that Microsoft (NASDAQ: MSFT) needs to raise its takeover bid. Yahoo left its revenue outlook for the year unchanged, and its shares ticked down half a percent […]

FCC Chairman Kevin Martin at CES 2008. Source: Reuters The top U.S. communications regulator said on Tuesday that an investigation of how Comcast Corp. (NASDAQ: CMCSA) manages its network had raised further concerns about tactics the company has used to restrict Internet users from sharing movies and other material. Testifying before Senate lawmakers, U.S. Federal […]

Source: Reuters News Corp.’s MySpace Internet social network, NBC News and MSNBC.com have launched an online hub for U.S. presidential elections coverage for younger voters. The new site, called Decision ’08, will be a part of MySpace’s existing Impact Channel, an area of the world’s largest social network devoted to political information and tools. Decision […]

News Corp.’s (NYSE: NWS) Rupert Murdoch left the door open on Monday to a joint bid with Microsoft to buy Yahoo, a day ahead of the Web portal’s quarterly financial report. In response to a reporter’s question about his interest in pursuing a bid with Microsoft for Yahoo (NASDAQ: YHOO), he said “Depends on the […]

TORONTO — Job seekers should tap into online networking sites to help hunt down potential employers, new surveys suggest. The polls, conducted in Canada and the United States on behalf of California-based recruitment firm Robert Half International, showed that most executives believe that professional networking sites will prove useful over the next three years for […]

An acclaimed movie producer and the former head of Fox Television Entertainment have built a new kind of studio that taps into an aspiring community of moviemakers on the Web to cultivate the next great talents. Deepak Nayar, behind such films as “Buena Vista Social Club” and “Bend it Like Beckham,” and Sandy Grushow, the […]