Archive

IBM has landed a $1.4 billion contract to provide outsourced information technology services to pharmaceutical giant AstraZeneca, a deal that boosts IBM's service arm and enhances its reputation in the key life sciences vertical. The seven-year deal calls for Big Blue to run servers, data storage sy...

Shares of Verizon soared in early trading Monday on the heels of a published report suggesting that UK-based Vodafone was mulling whether to offer as much as $160 billion to acquire the U.S. telecommunications giant. Verizon's stock was up nearly 4 percent Monday after reports said Vodafone had held...

Today's online shoppers may be more cautious than they were two years ago. Some are waiting up to 35 hours before completing a shopping cart transaction. A study of consumers' Internet buying habits suggests that online merchants face stiffer competition and new hurdles in closing sales over the Web...

Hoping to put its run-in with the options backdating scandal to rest, VeriSign said Thursday its chief financial officer would be replaced and said it would restate results for four full years. VeriSign will take a charge of around $160 million to account for the restatement of results from 2002 to ...

Warner Music Group has settled a federal copyright-infringement lawsuit it filed in May against the social networking Web site Imeem. Warner alleged that Imeem had allowed members to illegally download copyrighted material and was operating its site without any sort of copyright compliance or filter...

Sony BMG has filed a $12 million lawsuit against the Amergence Group, claiming that the company did not perform as expected in developing copyright protection software for music CDs. The suit comes after Sony refunded millions of dollars to consumers who complained about digital rights management so...

An appeals court declined to issue a stay on steep hikes in royalty fees for Internet radio, clearing the way for the new fees and 18 months of retroactive collections -- which some say could kill Web radio -- to come due on Sunday. The U.S. District Court of Appeals for the District of Columbia Cir...

There is a sudden realization among key developers that hotels and hospitality in the Middle East can easily absorb a huge number of properties and tour destinations purely based on Islamic culture. These new brands will deliver all the traditional values and customs to accommodate familiar authenti...

Citing information from documents obtained from the Federal Bureau of Investigation under the Freedom of Information Act, a civil liberties group this week alleged the federal agency has had chronic problems with its use of anti-terror letters to collect personal information about American citizens....

Motorola's second-quarter results will miss already lowered expectations as overseas sales fell short of targets, the company said, ratcheting up the pressure on CEO Ed Zander to jolt the troubled mobile handset maker from its prolonged funk. Motorola also backed off an earlier forecast that its mob...

Time Warner's AOL has reached a settlement with 48 states attorneys general that calls for the online service to pay $3 million, offer refunds to some customers and make it easier for people to cancel service in the future. The settlement was announced late Wednesday, and culminates years of complai...

Take SOA and SaaS to their natural maturation and adding more interoperability and integration into the online services mix becomes inevitable. When standardized services come from a variety of sources, then a variety of means to connect them makes more sense too. So when will we see the first signs...

In what could be a blow to rival social networking sites, venture capital firm Bay Partners on Wednesday launched a program to fund developers who write applications specifically for Facebook. Dubbed the "AppFactory," the program will grant awards of $25,000 to $250,000 to Facebook developers using ...

Michael Capellas, the former CEO of PC maker Compaq and long-distance company MCI, has been tapped to lead First Data after the payment processing firm's planned private equity buyout is completed. Kohlberg Kravis Roberts & Co. plans to complete its takeover of First Data -- valued at $29 billio...

A Hollywood talent agency and an Internet advertising company are joining forces in a new venture designed to help create, find advertisers for and distribute over the Web professionally produced short-form video content. The new company, 60Frames Entertainment, has secured $3.5 million in funding f...