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The deficit in the broadest measure of overseas trade tracked by the U.S. government grew to record levels in the first quarter as increased demand for foreign goods by American consumers far outstripped an increase in goods being exported. The deficit on goods and services increased to an all-time ...

Oil prices headed higher again Thursday after more violence broke out in Iraq. U.S. stocks remained in a muddle as business forecasts and inflation concerns converged. Crude oil futures sold on the New York Mercantile Exchange spiked more than a dollar to US$38.46 after news hit of a bombing attack ...

U.S. lawmakers considering a bill that would let Voice over Internet Protocol (VoIP) communication services expand with minimal government regulation were told the technology could become an underground network for terrorists and other criminals to communicate without detection. In a hearing on a bi...

Research In Motion (RIM), maker of the BlackBerry mobile e-mail device, has gained access to the world's largest handset maker with a licensing deal between Nokia and RIM-rival NTP, which is facing off with the BlackBerry maker in court over a patent dispute. The matter has become even more complex ...

Oracle said increased license revenues from existing customers and a steadily improving economy helped drive a 15 percent increase in profit in the company's fourth quarter. Oracle rang up a profit of US$990 million for the quarter, up from $858 million in the same quarter last year, narrowly beatin...

Since emerging from the fringe "Free Network Movement" early in the new millennium, WiFi wireless networking technology, also known as 802.11, has moved rapidly into the mainstream. The technology has gathered many adherents involved in one aspect or another of e-commerce, from network equipment sup...

Federal Reserve Chairman Alan Greenspan calmed nerves frayed by inflation and rate-hike worries Tuesday by saying that inflation is "not likely to be a serious concern" in the near future. Speaking to a congressional committee holding a hearing on his nomination to a fifth term, Greenspan said huge ...

Consumer prices surged higher in May, driven mainly by rising fuel and food costs, the government said in a report that is seen as the final piece of evidence needed to justify interest rate hikes. The Consumer Price Index (CPI) rose 0.6 percent last month, the largest one-month jump in retail price...

From the Sasser worms to phishing attacks, the Internet has been crawling with malware this year. Fortunately, there are people like Ken Xie who are ready to fight the good fight. As founder, president and CEO of network-protection firm Fortinet, Xie has seen more than his share of the techno-enemy....

Broadcom announced today that it has settled all outstanding patent and antitrust litigation with Microtune. Under the settlement agreement, all outstanding claims in pending litigation between the parties will be dismissed with prejudice. The parties also entered into reciprocal releases covering a...

At its customer conference this week, Hewlett-Packard announced that it will expand its partner program, as well as add new products, to spark sales of its OpenView management software. OpenView is a suite of products for corporate network management, and is considered to be the core of the company'...

One of the great promises of the Internet has always been that it can bring people together, no matter their location or technology. Social network sites like Friendster, Orkut and LinkedIn are making this promise into a reality every day by attracting millions of members that spend hours chatting w...

In the U.S. government's case to block Oracle's hostile bid for PeopleSoft, the federal judge overseeing the proceedings has pushed for both sides to make more information public, and has taken an active role in questioning witnesses. In the case's first week of testimony, Judge Vaughn Walker told l...

The vast majority of jobs lost to outsourcing stay within the U.S., with a small percentage actually ending up filled by overseas workers, according to a Department of Labor study. The agency's Bureau of Labor Statistics said in a report that just 4,633 of the 239,361 jobs lost in large-scale layoff...

Halliburton of Texas said Friday the U.S. Securities and Exchange Commission has begun a formal investigation into a venture in Nigeria. Halliburton said the SEC is investigating payments made in connection with TSKJ's construction of a liquefied natural gas facility in Nigeria.