Business

Sprint will merge its broadband wireless operations with WiMax firm Clearwire in a multifaceted deal that will create a US$14.5 billion venture to expand high-speed wireless connectivity across the U.S. The joint venture will seek to bring WiMax-based high-speed Internet access to 140 million people...

As a small brick-and-mortar jeweler with retail stores in Central Florida, Goldsmith Jewelry may seem like an unlikely potential e-tail star. Goldsmith, however, has had early success by using blogging to drive traffic to its Web site and gain exposure for its fledging Internet store. The company is...

Chief executive officers worldwide believe major change is coming to the global economy and their businesses, according to IBM's biennial study of CEOs. The executives are are also eager to find ways to keep happy consumers who are increasingly information-savvy and who expect the businesses they bu...

The collapse of this weekend's negotiations between Microsoft and Yahoo looked like game over. When the news first broke that Microsoft was walking away from its $44 billion bid, it seemed as though Redmond was the loser: It had tried a high-stakes, high-profile acquisition gambit and failed. Its d...

Yahoo is working with Web security technology specialist McAfee to alert users about potentially risky Web sites. The companies launched the beta version of the SearchScan service on Tuesday. Now, Yahoo users will see red exclamation points and warnings next to search results McAfee has identified a...

Amazon.com has filed suit against the state of New York claiming the state's Internet Sales Tax Collection law requiring online companies to pay state sales tax is unconstitutional and violates a 1992 Supreme Court finding. Amazon filed its suit on April 25, claiming that the newly enacted state law...

Germany-based Deutsche Telekom could take over the top spot in the U.S. wireless telephone market if reports of its potential bid for Sprint Nextel prove true. The company may place an offer on slumping Sprint within the next few days. Deutsche Telekom's T-Mobile USA is currently the No. 4 wireless ...

The stock market is making its after-the-fact adjustment to the end of the Microsoft-Yahoo saga, which culminated this weekend. After last minute negotiations failed, Microsoft walked away from its bid to acquire Yahoo for slightly more than its original offer of $33 per share. To recap: Yahoo CEO J...

The Federal Communications Commission had a very good first quarter: The government agency raised close to $20 billion by selling off slices of wireless bandwidth to a variety of companies. As the auction process fades into history, a few questions remain: What impact will the sale have on the wirel...

Sun Microsystems announced a $34 million loss in its fiscal third quarter as the company continued to repurchase its stock, reinvest cash in the business and pursue acquisitions and expansion in emerging markets. That's a steep drop from the $67 million the company made in the same quarter in 2007.

Entertainment conglomerate Viacom, riding a wave of success from a video game launch and a strong showing by its television enterprises, reported a 33 percent increase in first-quarter profit Friday. Viacom, which owns the Nickelodeon, MTV and BET networks as well as moviemaker Paramount, reported e...

The average compensation for an S&P 500 company's CEO was US$14.2 million in 2007, according to the AFL-CIO's 2007 Trends in CEO Pay survey. Some CEOs are even compensated multiple times that amount. This raises the question: When is executive compensation too high? One might also ask, are direc...

A closely watched meeting of the Microsoft board of directors has reportedly ended with CEO Steve Ballmer given the authorization -- and possibly the extra cash -- needed to do what it takes to get the Yahoo acquisition done or decide to drop it. Microsoft's board met Wednesday evening in Redmond, W...

eBay's unusual legal dispute with executives from Craigslist stems from eBay's decision to bring its Kijiji alternative to the United States. eBay disclosed the details of the spat in a filing in a Delaware court, where it filed the case, known as "eBay Domestic Holdings v. Craig Newmark, et al" las...

A federal judge has established a framework that determines the licensing fee amounts three online services -- Yahoo, AOL and RealNetworks -- should pay to the American Society of Composers, Authors and Publishers. The fees could amount to $100 million, according to ASCAP, and will be paid to member...