Business

Search engine powerhouse Google reported stronger-than-expected fourth-quarter financial results Thursday that sent the company's stock soaring nearly 6 percent to $323.88 per share in mid-day trading on Friday. The news comes on the heels of sobering developments in the broader technology sector. M...

When ubExact.com's CEO Wilhelmina Stephenson started work on her innovative beta platform last year for a new search engine concept, she had every reason to believe consumers would gravitate to the new search technology designed around the way they searched the Internet. However, what she did not co...

Chip giant Intel announced Wednesday that it will shutter four of its semiconductor factories and lay off as many as 6,000 employees by the end of 2009. The news follows on the heels of media speculation that Intel could suffer its first quarterly loss since Q4 of 1986. Intel said last week that it ...

Microsoft startled Wall Street -- as well as the tech community -- with earnings that point to at least two quarters of declining profit and revenue, as well as plans to slash its workforce by 5,000. The rapidly declining economy, of course, is at the root of Microsoft's financial situation, which e...

What started out on Sept. 2, 2008, as a potential innovation in the search engine space ended this month as the latest technology sacrifice to the economic gods. ubExact.com went out of business, unable to sustain enough financial traction to make the innovation viable. ubExact spent much of its bet...

Massive credit card payment processor Heartland Payment Systems disclosed Tuesday that a security breach within its processing system some time in 2008 resulted in the potential exposure of millions of credit card and debit card numbers. No cardholder Social Security numbers, addresses or telephone ...

IBM's stock surged more than 9 percent to $89.61 per share on Wednesday after Big Blue beat Wall Street expectations with its fourth-quarter financial results and predicted it would maintain high profit levels all the way through 2009. IBM reported $4.4 billion in earnings during the fourth quarter,...

A competitor of computing giant IBM has accused Big Blue of violating antitrust laws in the European Union. In a complaint to the European Commission, mainframe computer maker T3 Technologies has accused IBM of using its dominance of the mainframe market to shut out competitors. T3 claims that IBM k...

Chip giant Intel has slashed the price of some of its microprocessors in what company spokesperson George Alfs has called "a regularly scheduled price move." Among Intel's myriad chips, the Celeron 570 saw the steepest cut, going from $134 to $70, a 48 percent decrease. Other notable price cuts for ...

The European Union is taking aim at Microsoft again, with its antitrust regulatory arm alleging on Friday that the U.S.-based software giant is breaking European anticompetitive rules by tying Internet Explorer to Windows. Such a link harms competition, undermines product innovation and reduces cons...

Spend wisely and be bold, or stay home and keep cover. In 2009, these are the choices IT professionals at banks and financial institutions will face. While the current economic turmoil has many running for cover, hiding your head in the sand will not protect your company from these tough times. As 2...

Sony Ericsson is the latest casualty of the global economic slowdown. The joint venture between Japanese consumer electronics giant Sony and Swedish mobile phone maker Ericsson announced dismal fourth-quarter financial results on Friday. The company lost about $248 million on roughly $3.9 billion in...

Sprint Nextel subsidiary Boost Mobile announced it will begin offering a flat rate plan that includes unlimited calling, wireless Web, texting and walkie-talkie services for $50 per month, available Jan. 22. Roughly half the price of unlimited plans offered by carriers such as Sprint, Verizon and AT...

Struggling Internet portal Yahoo has tapped former AutoDesk CEO Carol Bartz as its new CEO. Bartz, 60, will face a monumental task in attempting to turn around Yahoo, which was the No. 1 destination on the Internet before being supplanted by search engine powerhouse Google a few years ago. Bartz bri...

President-elect Barack Obama has selected former Internet executive and venture capitalist Julius Genachowski to be the next head of the Federal Communications Commission. Genachowski, who was classmates with Obama at Harvard Law School, is expected to receive an easy confirmation from the U.S. Sena...