Archive

India's Central Board of Direct Taxes (CBDT) issued a circular in May on the taxability of foreign companies that have outsourced work to India. Official notices have also been sent out to Indian IT outsourcing firms asking for information on the nature of services being provided by outsourcing orga...

U.S. stock markets were stuck in neutral Monday as the major indexes changed little on low volume. It may have been a welcome breather to investors after a miserable end to the previous week drove the Dow and Nasdaq to fresh lows for 2004. After trading in a narrow range all sessions, stocks finishe...

Home entertainment pioneer TiVo today announced it will be dropping the cost of its basic digital video recorder to $99 and will expand distribution of its products to three more major retailers. The Alviso, California-based company also announced a redesign of its TiVo box and a rewards program for...

HP has confirmed that it is planning to acquire UK services firm Synstar in a deal believed to be valued at around US$160 million.

Loudeye today announced a multiyear agreement with the multimedia business group of Nokia to develop a wireless digital music platform for mobile operators and their subscribers worldwide. This agreement includes a multimillion dollar commitment to Loudeye for development fees and defines a global c...

Google might be forced to delay its long-anticipated initial public offering, which had been rumored to be heading for Wall Street as soon as this week. Ironically, the company that built its reputation on having the best search technology in the world might have its IPO stalled in part by technical...

Cablevision Systems today reported financial results for the second quarter 2004. According to a company statement, consolidated second-quarter revenues increased 25 percent to US$1.2 billion compared to the prior year period, based on continued growth at the company's Telecommunications Services an...

Bargain hunters boosted the stock market slightly in morning trading Monday, but uncertainties about jobs data, interest rates, and oil prices kept prices in check. A few economists predict that dismal jobs data released Friday will prompt the Federal Reserve to leave interest rates unchanged at 1.2...

A computer virus has spread to handheld versions, Symantec and Kaspersky Labs report. A program, known as Backdoor.Brador.A, attacks PDAs running the Windows CE operating system. Once installed, the program activates when the PDA is restarted and begins to search for a remote administrator to take c...

Bleak jobs numbers for July led to a stunning sell-off on Wall Street as all major stock averages sank to their lowest levels of the year. The Labor Department said 32,000 new jobs were added in July, 90 percent fewer than the forecast of 243,000 jobs. The new figures raised concerns that the poor j...

Crude oil futures on the New York Mercantile Exchange (Nymex) in New York were down at the close of the market today from record highs set overnight -- but observers expressed doubt that oil prices have peaked. Light, sweet crude oil futures set for September delivery eased down to $43.95 a barrel o...

An attorney has sued Yahoo, charging the portal didn't do enough to help him stop personal attacks against him on its message boards. He hopes to make the suit a class action. Stephen Galton, a corporate lawyer in Los Angeles, filed suit on Wednesday. Galton claims the Internet company has protected...

Bankrupt Adelphia Communications today announced its preliminary timetable for to auction off the company, with completion of the sale expected by the end of the year. The fifth-largest cable television operator said the auction process will start shortly after Labor Day. It is currently anticipated...

Internet security firms are gearing up for an onslaught of new attacks that hackers will hurl at inboxes and against Web sites. As the computer industry awaits the release of Service Pack 2 of Microsoft's Windows XP -- which will feature improved security capabilities -- hackers are waiting too. The...

IBM announced this week at the LinuxWorld conference that it will not use IBM patents against Linux or the open-source community. IBM encouraged other software companies to make the same vow. As the owner of 60 patents on which the Linux core might infringe, IBM could wreak havoc on Linux if it chos...