Business

Weeks after Marissa Mayer was hired as the new CEO of Yahoo, her predecessor has stepped down. No, not Scott Thompson. He left in May amid a resume scandal involving a false computer science degree. Yahoo's latest defector is Ross Levinsohn, the person who briefly held the position of interim CEO of...

Richard Schulze, the founder and ousted chairman of Best Buy, is assembling a team of executives that could help him lead the electronics retail megachain if his attempts to buy back the company are successful, according to a report from Bloomberg. The Best Buy founder and former CEO left his posit...

In what promises to be a closely watched trial, Apple and Samsung headed to federal court on Monday. Apple has alleged that Samsung Electronics essentially produced illegal knockoffs of its popular iPhone and iPad products, and it is demanding $2.5 billion damages. Samsung has countered that Apple's...

Facebook is a great company with a massive following -- and a lousy stock price. Facebook erred greatly when it priced its stock at $38 per share for many reasons -- not the least of which is that everything it will ever do will be viewed through that overpriced prism. "If the stock had been price...

eBay may expand its customer base by opening the site to online shoppers under the age of 18. The etailer is considering plans that would allow users between the ages of 13 and 17 to buy and sell eBay's offerings online. Children under the age of 13 are protected under the Children's Online Privacy ...

Amazon reported late Thursday that its Q2 net income had dropped an astounding 96 percent, but the market didn't seem to mind. Its stock jumped nearly 8 percent in Friday trading -- never mind the fact that it posted a net income of $7 million compared to $191 million in the second quarter of 2011.

Facebook on Thursday released its first quarterly earnings report since its monster IPO in May. During the period, Facebook reported revenues of $1.18 billion but couldn't turn a profit, losing $157 million, or eight cents a share. Investors weren't happy with what they saw. The company's stock pric...

A new trade group called "The Internet Association" has been formed to represent the interests of large Internet companies. It will begin operating in September, with Michael Beckerman, a former adviser to the chairman of the U.S. House of Representatives' Energy and Commerce Committee, serving as i...

Zynga reported second-quarter earnings lower than expected Wednesday, sending its stock sinking as much as 40 percent Thursday morning. The maker of popular social games such as "FarmVille" and "Words With Friends" reported a net loss of more than $22.8 billion, or 3 cents per share. Facebook was pa...

Wall Street took Netflix at its word, and then some, when the company said in its earnings report that it probably would sign up fewer new subscribers this year than it had expected. That, coupled with a 91 percent year-over-year drop in net income, caused shares of the company to promptly drop by 2...

Nintendo reported a loss that was less than expected Wednesday, as video game hardware sales continue to decline. Sales of the Wii gaming consoles were one of the Super Mario creator's weakest spots. The company sold 710,000 machines, compared with 1.56 million during the same period a year earlier....

The European Commission and Google could be nearing an agreement after the search giant offered new concessions Tuesday to help resolve the EU's antitrust concerns. A representative from the EU did not divulge what Google proposed, but reportedly said that technical discussions would follow. The con...

AT&T delivered a respectable set of numbers in its quarterly earnings report on Tuesday. At the same time, its report on Q2 activity revealed how much it still depends on Apple and its devices for its revenues. First, the numbers: For the quarter ended June 30, 2012, AT&T's consolidated reve...

AT&T delivered a respectable set of numbers in its quarterly earnings report on Tuesday. At the same time, its report on Q2 activity revealed how much it still depends on Apple and its devices for its revenues. First, the numbers: For the quarter ended June 30, 2012, AT&T's consolidated reve...

Just as the erotic adventures of E.L. James fill the book shelves, the Federal Rules promulgate a different form of torture onto Americans, willingly or not. Pursuant to Congress' passage of the America Invents Act, the United States Patent & Trademark Office has been diligently formulating ne...