Business

Most organizations are under the misimpression that by simply maintaining a generic legal hold policy, they will avoid any adverse consequences in litigation. Those organizations are wrong. In fact, one could have a brilliant legal hold plan and still face sanctions if it fails to address the down...

A little less than two weeks after Electronic Arts offered Take-Two Interactive stockholders $2 billion in a hostile takeover bid, Take-Two's board unanimously urged shareholders to reject the unsolicited proposal Wednesday morning. Take-Two's board said the $26 per share price is "inadequate" and "...

Having watched its shares lose nearly half of their value in the last year and its cell phone business continue to languish among the also-rans in a crowded field, Motorola will split into two publicly traded companies, separating its mobile devices business from its broadband and mobility solutions...

Yahoo shares moved higher by more than 3 percent Tuesday after an analyst upgraded the stock, suggesting that Microsoft was likely to sweeten its offer for the Web portal. Citigroup analyst Mark Mahaney upgraded Yahoo shares to a buy on Monday, arguing that the strategic value of Yahoo made a more l...

The U.S. Department of Justice has cleared the way for competing satellite radio services to merge into one company amid fears that the combined service would create an unstoppable monopoly. Sirius Satellite Radio and XM Satellite Radio first announced intentions to merge in February of 2007 -- 10 y...

Content and advertising have enjoyed a longstanding, symbiotic, codependent relationship -- although not necessarily in the unhealthy sense of the word. Content publishers need advertisers to pay the bills while advertisers simultaneously need content to create traffic they hope to draw to their goo...

In the midst of its hostile takeover bid for a rival company, video game firm Electronic Arts is losing one of its key executives. EA's chief financial officer, Warren Jenson, is leaving the company and will be replaced shortly, the company said. He has been with EA for six years. The announcement c...

Opening a new front in his yearlong push to prompt major changes at the top U.S. mobile phone maker, activist investor Carl Icahn is suing Motorola, asking a court to force the company to give him access to strategic plans and other documents. Icahn, who fell short in his effort to strong-arm his wa...

Only weeks after having won a digital format battle against HD DVD, Sony finds itself entangled in a legal fight over the technology behind Blu-ray. The ITC will hear a case filed by a retired university professor with a 50-year engineering career against Sony, Motorola and more than 25 other compan...

The wireless spectrum auction is over and the big boys have won the day -- America's two biggest carriers, Verizon Wireless and AT&T, shelled out a total of more than $16 billion for tons of spectrum. AT&T, America's largest wireless carrier, has to dig deep to pay the $6.64 billion it owes,...

Smartphone maker Palm lost money in the third quarter, even though the company was reporting the strongest product launch in its history. Palm posted a third-quarter loss of $31.5 million, or 30 cents per share, compared with a profit of $11.8 million, or 11 cents per share, in the third quarter of ...

In an article I wrote for the E-Commerce Times titled "WorldCom's Failure: Why Did it Happen?" I talked about one of the largest accounting frauds in U.S. history. The upshot of this fraud was that former CEO, Bernie Ebbers, 63, was convicted of orchestrating this $11 billion accounting fraud and w...

The Internet has become the ultimate democracy in many ways, leveling the publishing playing field for writers with blogging software, allowing musical acts to distribute music without a record label and giving video producers outlets such as YouTube. With e-commerce outlets like eBay, anyone can se...

The Software and Information Industry Association filed eight more lawsuits against eBay sellers the group says are hawking pirated versions of software from Adobe, bringing to 17 the number of suits filed so far this year. The SIIA said it filed suits against sellers based in Arizona, California, C...

In Europe, broadband Internet access is seen as a ticket to economic freedom and prosperity. That's one of the key ideas behind the European Commission's announcement Wednesday of its intention to increase broadband penetration from the current 20 percent to 30 percent across the bloc by 2010. The E...