Business

In what's become the equivalent of watching a fish flop around outside of water, Yahoo CEO Jerry Yang has now come forward with a new plea for Microsoft to purchase his struggling company. Just hours after Google announced it was pulling out of its planned search advertising partnership with Yahoo, ...

A new business advocacy group has launched in New Orleans -- a city that three years out from Hurricane Katrina is still trying to entice all of its former residents to move back home. Called "504ward," a play on the New Orleans' area code of 504, the group's main goal is to help the city attract an...

The Federal Communications Commission gave its blessing to two large wireless deals Wednesday. The larger of the two is Verizon Communications' $28.1 billion buyout of Alltel; Verizon will pay $5.9 billion and assume $22.2 billion of Alltel's debt. The other deal is the $14.5 billion merger between ...

Search engine giant Google has walked away from a proposed ad-sharing deal with Internet portal Yahoo after the U.S. Department of Justice made it clear that it would seek to block the agreement in court. Google's decision is a profound setback for Yahoo, which has struggled to maintain its share in...

The Pakistan Software Houses Association recently handed out its peer awards for the Pakistan IT industry. The awards provide an industry snapshot at a time when Pakistan has become the third most popular global IT outsourcing destination on RentACoder, an outsourcing marketplace. India and the U.S....

Search engine powerhouses Google and Yahoo have offered to significantly scale back the depth of their proposed online ad-sharing deal in an attempt to gain the approval of the U.S. Department of Justice. The proposed deal, first announced last June, would allow Yahoo to display ads from Google and ...

The same credit problems that have hit many a home mortgage holder are also threatening to unplug troubled electronics big-box store Circuit City. The nation's second-largest seller of consumer electronics said Monday it will close 155 stores, lay off up to 17 percent of its 43,000-employee U.S. wor...

An online ad-sharing deal between Google and Yahoo may be on the verge of collapse. Talks between the two Internet search powerhouses and the U.S. Department of Justice reportedly have stalled, prompting Google and Yahoo to consider walking away from the proposed agreement. Despite the press reports...

We are all painfully aware of what is happening on Wall Street. In fact, I think that it might take several years for the stock market to regain the value that it has lost in the past year -- approximately 35 percent. No doubt, there is plenty of blame to go around as to who is primarily responsible...

Ask most people what they like about working with small marketing firms and you'll hear answers such as "their personal approach" or "I'm not just a customer number to them" or "I get to work with the heavy hitters instead of some trainee just out of school." Yes, those are the things they say when ...

Netflix and TiVo announced Thursday the roll out of a streaming video service for subscribers. Set for availability in early December, the service appears to be the culmination of a deal the two companies originally announced in 2004. The TiVo-Netflix venture is the latest in a series of similar par...

Motorola announced a new round of layoffs as it reported a 15 percent decrease in revenue during the third quarter on Thursday. "Approximately 3,000 employees will be affected globally across all businesses and functions," said company spokesperson Maya Komadina. The company also said it will postpo...

The Christian Science Monitor will cease the weekday print edition of its award-winning newspaper in April after a century of continuous publication. The plan is to move the weekday publication to an online-only format while rolling out a new weekend print magazine. The Monitor has a storied history...

Search engine giant Google has settled two copyright lawsuits over its Google Book Search program for $125 million. In two separate lawsuits, the New York City-based Author's Guild and McGraw-Hill sued Google in 2005, alleging it had violated copyright laws through its scanning and online distribu...

For those who are hungry for some good economic news, venture capitalists apparently are seeing green in clean technology. Indeed, so-called green technology -- everything from eco-friendly auto parts to alternative fuels to smart buildings to streamlined manufacturing processes -- appears to be blo...