Business

The future of the cloud-based OnLive gaming service is looking cloudy indeed. On Monday the company confirmed that a restructuring plan will keep the streaming video game service operating. However, all staff members were let go in the process -- although some may eventually be rehired. This followe...

Oracle has released information regarding financial relationships it had with bloggers following a court order that demanded it and Google to disclose their ties with commentators reporting on their recent patent dispute. Google, however, maintained it never paid any individuals to write about its ...

A memo circulating internally at HP tells of a new mobile initiative being plotted by the computer maker. The memo was penned by Todd Bradley, who is in charge of the company's recently merged Printing and Personal Systems Group. The company is creating a new Mobility business unit responsible for "...

By now Facebook must rue the day it went public -- or at least rue its initial offering price of $38 per share. On Thursday, the company's stock closed at $19.88, after hitting a low of $19.69. Early Friday, it hit a new low of $19.01 -- half its IPO value, plus a penny. By mid-day, it had recovered...

The United States Department of Justice approved Verizon's $3.6 billion bid for additional spectrum, albeit with changes mandated by antitrust regulators to ensure the deal won't lead to diminished competition, lower-quality products or higher consumer costs. Verizon Wireless will be allowed to pay...

The Ministry of Commerce in China has approved Walmart's bid to buy a controlling stake of Chinese e-commerce company Yihaodian, part of Walmart's bid to increase its global retail presence. Prior to the approval, Walmart already possessed a 17.7 percent share in Yihaodian, one of the fastest-growin...

U.S. District Judge Lucy Koh is nothing if not persistent. Even though an earlier order for the CEOs of Apple and Samsung to speak to each other to avoid a lengthy trial did not yield anything positive, she is asking the two men to try again. With the jury set to begin deliberating over the companie...

Wall Street has been in a foul mood over Internet stocks, and online professional recommendation company Angie's List has not escape the market's wrath. Its stock fell 15 percent on Tuesday -- a selloff that appears to be largely related to the end of a 90-day lockup period for shares issued in a se...

Microsoft's upcoming Surface, the company's first in-house tablet PC, is scheduled to launch later this year. Microsoft hasn't confirmed how much the Surface will cost, but a recent Engadget report pegs its price at $199, greatly undercutting presumed rival iPad and matching the price of much smalle...

After posting revenue growth of 45 percent from a year prior, many companies would see an increase in stock price reflecting investor confidence. However, daily deal leader Groupon posted its first-ever quarterly profit as a public company and quickly saw its shares fall to new lows. This isn't norm...

Google has agreed to buy the Frommer's brand of travel publications. John Wiley & Sons, the publishing company that own the Frommer's travel brand, confirmed it will sell all of its travel assets to the Internet giant. The assets have been on sale since March, when the company announced it aimed...

For employees at Motorola Mobility, there were probably better ways to start the business week. On Monday, Google announced that it was cutting about 4,000 jobs at its mobile phone business division, and that it will close or consolidate about one-third of its 90 locations around the world. This rep...

IBM reportedly has expressed interest in acquiring the heart of Research In Motion's operations -- its enterprise services unit. This is not the first indication of a company's interest in acquiring part of the ailing BlackBerry maker, and RIM's executives have said they would consider "all options"...

Google is altering its algorithms to disfavor websites that are frequently accused of carrying content that violates copyright regulations. The search engine will include a new search signal in its rankings. Starting this week, its algorithms will include the number of copyright removal notices that...

You'd think that Microsoft was all but dead, judging by some of the industry scuttlebutt. Microsoft's tactical and strategic technology and business missteps are well publicized and dissected ad infinitum. Less well documented are Microsoft's strengths -- from both a consumer and enterprise perspect...