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Viacom, which has invested heavily to expand its footprint on the Web, said its "Transformers" movie franchise and the sale of its music publishing business helped it record an 80 percent jump in third-quarter earnings. Viacom earned $641.6 million, up 80 percent when compared with $356.8 million a ...

In the shadow of the towering Hollywood sign, executives in the film, TV, music, telecom, Internet and technology industries are convening this week to compare notes on a new starlet: the tech-savvy consumer. Digital Hollywood conference attendees are crowding the hallways, ballroom and meeting room...

Times are tough at Sprint Nextel. The company reported losing 337,000 post-paid customers and suffered a 77 percent decline in third-quarter profits during a period that also saw the struggling company remove its CEO. The Reston, Va.-based communication company, which trails Verizon Wireless and AT&...

Cisco on Thursday unveiled a long-term plan meant to significantly expand its presence in China, saying it would spend as much as $16 billion -- nearly double the $8.5 billion it has spent in the past five years -- to build out the footprint it started there nearly 14 years ago. Cisco laid out a thr...

IBM unveiled a slew of new security products and services and said it would continue to invest heavily in security innovations to address customer needs for a more comprehensive approach to information technology risk. On the heels of a security-related buying spree, Big Blue will spend at least $1....

More and more data center managers have begun implementing virtualization and server consolidation strategies in an effort to cope with the growing complexities they face today, according to a Symantec report released Tuesday. The survey also found that data managers must confront a plethora of chal...

With all indicators of new home construction being so bearish these days -- and unlikely to improve significantly anytime soon -- there's been a great deal of speculation that remodeling market opportunities are emerging as a better market play for custom installing dealers/installers -- at least in...

In an effort to further streamline its operations and somehow become more competitive, French-American telecom equipment maker Alcatel-Lucent is planning to ax about 4,000 workers during the coming year. Cutting jobs is nothing new at Alcatel-Lucent. The company in February announced it would lay of...

In a move that could finally help clear up a cloud that has hung over the company for more than a year, Dell on Tuesday restated earnings for four full fiscal years and part of a fifth, cutting its net income over that time by $92 million in the process. Dell filed with the U.S. Securities and Excha...

Online retail sales in the United States jumped 23 percent, to US$28.4 billion, during the third quarter of this year compared with the same July-September period in 2006. The retail surge was led by sales of video games, consoles and accessories, which showed a year-to-year increase of 199 percent,...

Fifty years ago, novelist and philosopher Ayn Rand wrote of a society that hindered innovation and stifled the creative spirit. Atlas Shrugged told of a society where individual effort went unrewarded, where technological advancement was thwarted by short-term greed, and where the governments failed...

The U.S. House of Representatives voted 402 to 0 Tuesday to extend the ban on Internet service taxes another seven years, adopting the same time frame passed by the Senate Friday. The House previously voted to extend the moratorium for only four years. The original ban was first imposed in 1998 -- t...

Satellite radio provider Sirius reported Tuesday that it added more than a half-million new subscribers in the third quarter, growth that helped it narrow its financial losses. Sirius, which is still awaiting regulatory word on its planned merger with rival XM, said revenue for the quarter was up 45...

October seemed as though it would be a banner month for the recording industry after a Minnesota jury ruled in favor of the Recording Industry Association of America in the first peer-to-peer file sharing lawsuit to go to trial. The jurors demanded Jammie Thomas, a single mother who the RIAA claimed...

In a move that could create millions of potential new customers for telecommunications companies now hawking video service and deal a blow to cable companies, the Federal Communications Commission appears poised to ban deals that give cable carriers exclusive access to residents of large apartment c...