Business

Sanyo has traded off a little in a crowded mobile technology field to gain a lot in its core business, with the sale of its lagging mobile phone operations to Kyocera. The two electronics firms announced the deal -- potentially worth $472.3 million -- on Monday, with Sanyo transferring its $375 mill...

Royal Philips Electronics strengthened its lighting and energy business while tapping into emerging world markets to offset big losses in the United States, according to its fourth-quarter earnings report released on Monday. Philips' net profits grew quarter-over-quarter from about $982 million to $...

IBM's relatively robust outlook and the details of its fourth quarter performance have helped restore some investor optimism toward the tech sector after a wild week that saw recession fears rise on weak results from the likes of Intel. IBM, which earlier in the week preannounced its earnings, said ...

There are conflicting reports coming out of Washington surrounding missing White House e-mails as well as conflicting statements coming from the White House press room. A hearing has been scheduled by Democratic Calif. Rep. Henry Waxman to investigate comments from White House spokesperson Tony Frat...

Seeking to streamline in the face of continued customer losses, No. 3 wireless telecommunications carrier Sprint Nextel will cut 4,000 jobs and shutter scores of retail outlets. Sprint Nextel described the moves as the "initial plans" and as part of "an ongoing review of operations and market approa...

Software maintenance will reach $137 billion by 2010, a compound annual growth rate of nearly 10 percent, according to IDC. Today, many vendors including Adobe, Oracle, Microsoft and IBM, among others, are stepping up their efforts to identify noncompliance, making an audit a real possibility. Align...

Putting its money where its mouth is -- and where its corporate parent's future may lie as well -- Google's charitable arm, Google.org, on Thursday announced $25 million worth of new grants across what it now says are the five core areas that it will focus on going forward. Google.org will concentra...

Computer manufacturers had cause for good cheer in the fourth quarter of 2007 with PC shipments increasing a little more than 15 percent worldwide and nearly 9 percent in the U.S., according to IDC's Worldwide Quarterly PC Tracker report. However, the pending recession in the U.S. could led to slowe...

In a move with potentially far-reaching implications for Web users and Internet companies alike, Time Warner Cable will test a new model for high-speed Internet access that charges users based on how much bandwidth they consume. Time Warner Cable will test the metered approach to selling high-speed ...

Just a day after IBM soothed investors with a solid quarter, fellow tech bellwether Intel raised fresh questions about the strength of the sector by missing its fourth quarter targets and issuing a softer-than-expected outlook. The dominant chipmaker managed to post a 51 percent profit increase for ...

The growth of e-commerce and the continuing expansion of outsourcing and the remote workforce are fueling a new approach to paying for services. Internet-focused companies are replacing traditional online payment transactions with prepaid debit cards. Payoneer is a startup firm that is pushing this ...

A group of public policy organizations has filed a petition and complaint with the Federal Communication Commission against Comcast over the way the Internet service provider has managed its Internet traffic. More specifically, the groups are comprised of the Free Press, Public Knowledge, and Media ...

Applied Materials announced plans to reduce its workforce by 1,000 as part of a global cost-cutting move. The company, one of the largest suppliers of semiconductor equipment, said the year-long reductions would come through job elimination and attrition. It will take a $20 million charge for the re...

Just months after it decided to stop its legal battles against the landmark EU antitrust finding, Microsoft now finds itself facing new inquiries into claims that the software giant abused its market dominance. The European Commission is looking into accusations that Microsoft used its power in the ...

IBM posted strong fourth quarter results Monday, beating profits and sales targets as it rode to the rescue of a sagging stock market by providing renewed optimism about technology earnings. Big Blue's profit rose 24 percent to $2.80 per share in the fourth quarter of 2007 while revenue increased 10...