Business

A Canadian recently sued the Internet giant Google, citing unspecified damages regarding alleged problems stemming from Google's social networking and messaging tool "Buzz," which is integrated into Gmail, the company's Web-based email program. This came on the heels of the recent $8.5 million settl...

Verizon's earnings report released Tuesday shows the company still outpacing competitors. Verizon Communications reported its fourth-quarter profit was $2.64 billion, up from $617 million in 2009. That's a rise from 22 cents per share to 93 cents per share. Although Q4 sales were up 5.7 percent from...

Facebook is ready to flex its advertising muscles. On Monday, Facebook's business director, Dan Rose, addressed attendees of the DLD media conference in Munich, speaking of the success of social games on Facebook from developers like Zynga and opportunities to expand its advertising to its 500 milli...

Verizon Communications Thursday picked a legal fight with the Federal Communications Commission over its recently announced Net neutrality rules. "We are deeply concerned by the FCC's assertion of broad authority for sweeping new regulation," said Michael Glover, Verizon senior vice president and de...

Nestled in between the news of some excellent quarterly earnings -- namely a 29 percent increase in profit and revenue -- Google dropped a bombshell on unsuspecting shareholders: Eric Schmidt will turn over the CEO reins to Larry Page, who will handle the company's day-to-day operations. Schmidt wil...

HP's board of directors has launched an internal investigation into the circumstances of former CEO Mark Hurd's departure from the company. The investigation was disclosed in a filing to the San Jose, Calif., federal court on Jan. 14. Hurd resigned from the company in August 2010 following allegatio...

Amazon wants to make your cloud computing simple. The company announced Elastic Beanstalk on Wednesday. The application makes it easier to use Amazon's cloud computing platform, Amazon Web Services. The new application lets developers quickly deploy and manage Web services such as storage, computing...

After a year-long review, the Federal Communications Commission and the Department of Justice have approved Comcast's proposed merger with NBC Universal -- but only if a variety of conditions are met. Chief among them is that Comcast must give up management control of the video website Hulu. The mer...

It may be too late to worry about how 2010 impacted us all, but it is not too late to think about how it will shape events this year. In some respects, 2010 was not a year that changed any one course dramatically. Most of 2010 was built around some familiar themes: consolidation, M&A, emerging t...

Goldman Sachs is going to exclude its U.S. clients from buying shares of its recent investment in the booming social network Facebook. The bank decided to go overseas because of intense media scrutiny surrounding its offering. The press coverage of the offer to its U.S. investors could be seen as a ...

The world of e-commerce is booming -- but on a parallel track, identity theft, loss of privacy and fraud are skyrocketing as well. While the government has a role in combating Internet security abuses, two top administration officials visited Silicon Valley to emphasize that the private sector needs...

MySpace CEO Mike Jones reportedly told employees on Wednesday that News Corp., parent company of the once-giant social network, was exploring strategic options for its possible spinout, sale or merger. The talk of a possible sale followed news that MySpace was laying off 47 percent of its workforce...

Sony is taking its ongoing battle with hackers to the U.S. District Court in Northern California. On Tuesday, the company filed a temporary restraining order targeting George Hotz, of the hacking group fail0verflow, and 100 others who were not named. Sony said the hackers violated federal copyright ...

A husband, using his wife's password, read her email on a shared laptop and learned she was having an affair. A prosecutor in Michigan then charged him with a felony for reading his now ex-wife's Gmail, sending shock waves through the Internet. One might wonder where marital boundaries of sharing i...

AMD CEO Dirk Meyer abruptly stepped down on Monday. In a public statement, AMD called it a "resignation" that was "effective immediately," which makes it look more like a firing. The company appointed CFO Thomas Seifert as interim CEO. Meyer, who became CEO in 2008, has lead the company through some...