Business

Amazon and the U.S. Postal Service are partnering in a pilot project to deliver packages to Amazon customers on Sundays. The offering will start this week to customers in New York and Los Angeles but will eventually roll out to other parts of the U.S. next year, including Dallas, Houston, New Orlean...

Witnesses squared off at a Senate subcommittee hearing on Thursday that focused on the controversial and combustible subject of patent assertion entities, also known as "patent trolls." The Senate Subcommittee on Consumer Protection, Product Safety and Insurance held the hearing, with both advocates...

Google and the European Commission's delicate negotiations on a settlement regarding the search engine giant's alleged antitrust violations this week hit an unusual snag: The terms of Google's second offer were outed on Wednesday, opening them up to unexpected public scrutiny. The new offer -- inclu...

A class action asserting that LinkedIn harvests and sells users' email addresses was brought in September 2013. More than a month after the lawsuit was filed, LinkedIn still uses the same approach to collect email addresses and personal information -- that is, it encourages users to "sync your conta...

After setting its IPO stock price at $26 per share, Twitter on Thursday made a strong public debut in which trading opened at $45.10 per share -- 73 percent above the IPO price. That opening price valued the social media company at more than $31 billion based on its outstanding stock, options and re...

Dish Network on Wednesday announced that it will close its 300 remaining Blockbuster stores by early January and will end its Blockbuster By Mail service by mid-December. The company cited increased competition from digital and on-demand entertainment. Dish acquired Blockbuster in April 2011 for $32...

AT&T and Verizon have quietly been building a strong TV business. In fact, I read last week that where they offer service, they have almost the same market share as the cable television company leaders like Comcast, Time Warner and Cox. That's an incredible accomplishment. Telecom is changing. I...

Amazon on Wednesday announced a new program that will enable independent bookshops and other small retailers to earn extra money by selling Kindle devices and accessories. Dubbed "Amazon Source," the program gives retailers a discount on Kindles and accessories for resale as well as 10 percent of th...

T-Mobile U.S. ended its third quarter of 2013 with roughly a million more customers than it had at the end of the preceding quarter, it announced in an earnings report on Tuesday. Included among those new customers were 648,000 branded postpaid net customers for the quarter. T-Mobile now counts 45 m...

Twitter on Monday gave would-be investors in its initial public offering more food for thought in a new Securities and Exchange filing. On one hand, it is clearly feeling confident about its valuation: The company raised the price range for its IPO to $23 to $25 per share, up from the $17 to $20 per...

BlackBerry shares fell 13 percent Monday morning on news that the company has abandoned its plan to sell itself to its largest shareholder, Fairfax Financial Holdings. Instead, it has entered into an agreement whereby Fairfax and other institutional investors will invest $1 billion in the company. T...

A consortium of technology companies is suing Google and Android manufacturers in its first patent lawsuits after it outbid the search giant for thousands of patents previously owned by Nortel. Rockstar, owned by Apple, Microsoft, BlackBerry, Ericsson, Sony and EMC, has accused Google of infringing ...

Facebook on Wednesday reported a rise in third-quarter profit and growth in mobile ad revenue. It posted total revenue of $2.02 billion, a 60 percent jump from the $1.26 billion it reported in the year-ago quarter. Advertising accounted for $1.8 billion of that revenue. Facebook now has 1.19 billion...

Nintendo on Wednesday reported a net loss of about $81 million for the quarter ending Sept. 30 and blamed the dismal results at least in part on disappointing sales of its Wii U video game console. The company had reported a profit of roughly $87.5 million the previous quarter. While sales of the Wi...

Michael Dell's $24.9 billion deal to take the company he founded private has closed, Dell announced Tuesday. It's the final public chapter in the CEO's drawn-out battle to buy the company and rebuild it away from the scrutiny of investors. Some of Dell's board and major stockholders including invest...