Business

Hachette Book Group, HarperCollins Publishers and Simon & Schuster have agreed to pay a total of more than $69 million to consumers to resolve antitrust claims of alleged unlawful conspiracy to fix the prices of electronic books. The three companies further agreed to change the way their e-books...

Time Warner Cable is investing $25 million in its fiber-optic network in certain parts of New York City. The goal is to provide faster Internet access, similar to Google's project in Kansas City, Mo., and Kansas City, Kan. Unlike Google, though, Time Warner Cable is primarily interested in targeting...

Best Buy has reached an agreement with its founder and former chairman, Richard Schulze, who owns a fifth of Best Buy's shares. The accord could help facilitate a potential $8.8 billion buyout of the retailer. As part of the agreement, Schulze will be granted access to certain due diligence informa...

In a heavily anticipated verdict, a jury last week found Samsung guilty of patent infringement and ordered it to pay over $1 billion to Apple. This victory for Apple in the smartphone wars is a warning to others who may desire to copy the look and feel of the Apple designs. Samsung's countersuit a...

There was rather an exact price offered and accepted for About.com. On Sunday The New York Times Company announced that it had sold the question and answer website to Barry Diller's InterActiveCorp for $300 million in cash. The site's early expertise in search engine optimization and revenues from c...

It is the end of an era. One of the last cases in which the Recording Industry Association of America sued an individual for illegal song sharing has reached the end of its road in a federal court in Massachusetts. There, the jury upheld a $675,000 damages award against Joel Tenenbaum following the ...

While the upcoming Windows 8 promises big changes to the interface as well as the visual look of Microsoft's operating system, the company on Thursday opted to introduce another change -- to its Windows logo. This one is subtle, yet notable as it has been 25 years since the last change. The new logo...

HP posted numbers Wednesday for what was the worst financial quarter in the company's long history. It reported an $8.86 billion loss for its third fiscal quarter, which ended July 31. In the last three months, it took in a net revenue of $29.7 billion, down 5 percent year over year and down 2 perce...

The U.S. Department of Justice executed seizure orders against three website domains allegedly engaged in the illegal distribution of copies of copyrighted Android cellphone apps. It is the first time that website domains involving cellphone app marketplaces have been seized, the DoJ said. The seizu...

While AT&T and Verizon have been busy moving to tiered shared data plans, rival carriers T-Mobile and MetroPCS on Wednesday joined Sprint in offering so-called all-you-can-eat data plans. Beginning on Sept. 5, T-Mobile will offer a new Unlimited Nationwide 4G plan that has no data caps or speed ...

Dell announced an 18 percent drop in profit for its fiscal second quarter on Tuesday and warned that PC sales could continue to decline in the second half of the year. The company is in the midst of a transformation that will switch its focus from consumer PCs toward enterprise and commerce custome...

This week has not been good to Facebook, nor have the past several weeks. The social media giant's stock has been hammered for days, at one point touching $19 per share -- half of its IPO valuation months ago. It still is within a stone's throw of that marker with a Tuesday close of $19.16 per share...

It's not enough to have just a website, or just social media profiles. Businesses need to have both, and the traffic needs to flow seamlessly between them. Numerica Credit Union was looking for a way to offer customers a useful tool on its Facebook page while driving traffic from Facebook to its sit...

Major changes may be in store for Hulu that will loosen up the exclusivity of content on the online video site and pour more ads into the mix, according to a confidential internal memo obtained by Variety. The document discusses the possibility that in September, Hulu owners Comcast, News Corp. and...

Best Buy has named Hubert Joly the company's new CEO, the electronics mega-retailer announced Monday. The struggling chain, which faces growing competition from online and discount retailers, said it chose Joly for his expertise in turnaround and growth. Prior to taking the position at Best Buy, Jol...