Business

Five years and 35,000 people later, the Recording Industry Association of America has apparently conceded a major battle over music file-sharing. The music industry trade group has decided to stop suing individuals it suspects of illegally downloading music via peer-to-peer Web sites. However, that ...

Shares of video game publisher Take-Two Interactive Software fell 26 percent to $8.91 in late-day trading Thursday after the company announced a disappointing financial forecast for the holiday shopping period. Take-Two shares were down 68.2 percent from their 52-week high of $27.91. Dismal forecast...

In yet another sign of weakening in the technology sector, enterprise software giant Oracle announced a decline in profits on Thursday. The Redwood Shores, Calif.-based company reported $1.29 billion in earnings during the fiscal quarter ended Nov. 31, down 1 percent from $1.3 billion in earnings du...

The virtual world of the Internet has become a hotbed of activity designed to ease the real-world pollution problem. The Chicago Climate Exchange, or CCX, is a regulated exchange whose members are committed to cutting their emissions. It is the only cap-and-trade system in North America for six gree...

Business networking company LinkedIn has undergone a changing of the guard. CEO Dan Nye is out and has been replaced by LinkedIn founder Reid Hoffman. Former Yahoo executive Jeff Weiner has joined the company as interim president and will oversee day-to-day operations. Weiner will report to Hoffman ...

A heavily financed Internet startup has launched a new question-and-answer search engine with a twist -- users pay one another to get answers to questions. Santa Monica, Calif.-based Mahalo launched Mahalo Answers earlier this week. The search service is reminiscent of Yahoo Answers and search engin...

New York Gov. David Paterson has proposed a 4 percent tax on digital music downloads and other "digitally delivered entertainment services." The "iPod Tax," as it's become known, is just one of many new taxes the governor has proposed in an effort to close the state's multibillion-dollar budget gap....

Struggling mobile phone maker Motorola announced drastic measures on Wednesday to cut costs as demand for its products flag in the now year-old U.S. recession. The Schaumburg, Ill.-based company will cut the pay of its co-CEOs -- Greg Brown and Sanjay Jha -- by 25 percent in 2009, freeze its U.S. pe...

Social media outsourcing will be the next big business opportunity for India after business process outsourcing and knowledge process outsourcing, contends Gaurav Mishra, Yahoo fellow in residence at Georgetown University's Institute for the Study of Diplomacy. "Some functions are best handled by a ...

Consumer electronics giant Best Buy is the latest casualty of the recession and slowdown in consumer spending. The Richfield, Minn.-based company reported a whopping 77 percent drop in year-over-year profit in the third quarter ended Nov. 29 and announced a plan to offer voluntary buyout packages to...

The Federal Communications Commission canceled a meeting scheduled to plan how to divvy up wireless spectrum for a free, nationwide broadband Internet network. The announcement on Saturday came after Democratic lawmakers including Sen. Jay Rockefeller of West Virginia and Rep. Henry Waxman of Califo...

Google is either a major supporter of Net neutrality -- the concept that all Web traffic from all companies should be treated the same -- or is quietly working behind the scenes to set up its own Internet express lane with ISPs. The incoming Obama administration is either a big fan of Net neutrality...

Syncplicity, a startup online data management company, announced last October the closing of its post-seed funding round for $2.35 million. The company offers an automated, all-in-one service for online and offline file syncing, backup and sharing. Silicon Valley-based True Ventures led a group of p...

Syncplicity, a startup online data management company, announced last October the closing of its post-seed funding round for $2.35 million. The company offers an automated, all-in-one service for online and offline file syncing, backup and sharing. Silicon Valley-based True Ventures led a group of p...

Syncplicity, a startup online data management company, announced last October the closing of its post-seed funding round for $2.35 million. The company offers an automated, all-in-one service for online and offline file syncing, backup and sharing. Silicon Valley-based True Ventures led a group of p...