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LSI Logic (NYSE: LSI) was down 71 U.S. cents to $17 in morning trading Thursday, after announcing plans to close a manufacturing plant in Colorado Springs, Colorado, throwing about 500 people out of work. LSI said the move reflects "the adverse economic climate and the widespread inventory correct...

Internet behemoth Amazon and brick-and-click bookseller Borders Group announced Wednesday that Amazon will take over Borders' online operations. The companies said that the Borders.com site will re-launch as a co-branded Amazon site in August. The new site will combine the selection of books, mus...

E*Trade (NYSE: ET) rose 33 U.S. cents to $7.88 in morning trading Wednesday after the online brokerage reported first-quarter results that were in line with analysts' expectations, and announced an expanded alliance with Target stores. The Menlo Park, California-based online brokerage said income f...

Critical Path (Nasdaq: CPTH) rose 8 U.S. cents to 95 cents in morning trading Wednesday, after announcing it will lay off 450 employees, including its president. The San Francisco, California-based provider of Internet communications software said that the moves are part of a plan to "put the co...

Handspring (Nasdaq: HAND) rose 96 U.S. cents to $14.06 in morning trading Wednesday following news that the handheld computer maker will be able to develop and market products based on the Palm (Nasdaq: PALM) operating system for another two years. Financial terms of the agreement between the two...

Autobytel announced Wednesday that it would acquire its struggling competitor Autoweb.com in a stock deal worth about US$15 million. The combined company will keep the Autobytel name. According to the companies, the combined venture will have annual revenues of approximately $100 million and wil...

In a bid to strengthen its international foothold, Yahoo! announced Tuesday that it has completed the acquisition of Australian online auction house Sold.com.au. Yahoo!, which is scheduled to report first-quarter earnings after the stock markets close Wednesday, did not reveal the purchase price...

The news reports say that Sex, the domain name, is worth at least US$65 million. That's how much a federal judge awarded the rightful owner from the pockets of a cybersquatter who made an estimated $40 million in profit over a five-year stretch. The value set raised a lot of eyebrows. After all, ...

Many financial institutions risk losing market share because they are concentrating too much on developing new online and wireless products, rather than improving the experience customers have on their existing Web sites, according to a report released Tuesday by Jupiter Media Metrix. The repor...

Although the current energy crunch has caused prices to surge and spurred a complex web of new laws and regulations, a report released Tuesday by Forrester Research found that online energy trading in wholesale markets continues to make "rapid growth," mushrooming 750 percent from 1999 to 2000. ...

Loudeye Technologies (Nasdaq: LOUD) rose 2 U.S. cents to 82 cents in morning trading Wednesday after the company, which provides digital Internet audio and video content services, announced a restructuring that includes laying off 45 percent of its 300-person workforce. Loudeye said it will focus ...

In the age of streaming stock quotes, after-hours trading and 24-hour financial news coverage, many Wall Street analysts have become stars. From Merrill Lynch's Henry Blodget to Anthony Noto of Goldman Sachs, stock analysts have become household names and financial power brokers. But are they...

The day after Amazon announced it would see a narrower-than-expected loss for the first quarter, shares of the e-tail giant continued their dramatic ascent in early morning trading Tuesday, rising more than $2.00, or 19 percent, to as high as $13.50 a share. But will such renewed optimism hold, or i...

MP3.com woke up to quite a shock Monday morning when the company was informed by a U.S. District Court that a US$300,000 copyright infringement award in favor of Tee Vee Toons (TVT) Records on Friday might actually be almost $3 million. According to published reports, the eight-member jury in th...

Adobe Systems (Nasdaq: ADBE) was up US$3.97 at $39.80 in morning trading Tuesday, after the software maker and Amazon.com (Nasdaq: AMZN) announced an e-book alliance. Adobe said its Acrobat eBook Reader software will be offered through Amazon's e-book store. Almost 2,000 Adobe-based books will b...