Business

In the weeks running up to Facebook's initial public offering on May 17, correspondence between the Securities and Exchange Commission and the social media giant flew fast and furious. The government agency had a number of questions about Facebook's business model that it felt were not adequately ad...

Well, he did say it was a tentative decision. One week after telling the court that he was leaning toward dismissing the patent suit between Apple and Motorola because neither side had established a right to relief, Judge Richard Posner reversed course and decided to allow Apple and Motorola to purs...

Mobile handset maker Nokia announced Thursday that it would slash 10,000 jobs, eliminating roughly 19 percent of its workforce by the end of 2013. In addition, it will close a factory and several research centers in Germany, Canada and Finland, and three senior executives will be stepping down. Inve...

The Department of Justice reportedly is investigating whether cable companies such as Comcast and Time Warner are violating antitrust rules through practices that limit their broadband customers' access to online video. The Justice Department apparently has questioned these companies, as well as oth...

We all followed AT&T's attempt to acquire T-Mobile last year. That should have been our wake-up call to a growing industry problem: spectrum shortage. Yet it wasn't. AT&T CEO Randall Stephenson says regulators need to quickly figure out how to get more spectrum into the hands of wireless o...

Zynga's share price dropped to a record low after an analyst's research note revealed that its usage declined in May due to players migrating to mobile platforms. At close of business on Tuesday, the stock had dropped to $4.98 per unit, the lowest level since its December initial public offering at...

Sprint, a carrier that offers at least five smartphones preloaded with Google Wallet, is reportedly working on its own digital wallet system, separate from Google's offering. Slides from a presentation on the so-called Touch wallet were recently posted by Android Central. Like Google Wallet, the Spr...