Business

Times are tough at Sprint Nextel. The company reported losing 337,000 post-paid customers and suffered a 77 percent decline in third-quarter profits during a period that also saw the struggling company remove its CEO. The Reston, Va.-based communication company, which trails Verizon Wireless and AT&...

Cisco on Thursday unveiled a long-term plan meant to significantly expand its presence in China, saying it would spend as much as $16 billion -- nearly double the $8.5 billion it has spent in the past five years -- to build out the footprint it started there nearly 14 years ago. Cisco laid out a thr...

IBM unveiled a slew of new security products and services and said it would continue to invest heavily in security innovations to address customer needs for a more comprehensive approach to information technology risk. On the heels of a security-related buying spree, Big Blue will spend at least $1....

In an effort to further streamline its operations and somehow become more competitive, French-American telecom equipment maker Alcatel-Lucent is planning to ax about 4,000 workers during the coming year. Cutting jobs is nothing new at Alcatel-Lucent. The company in February announced it would lay of...

In a move that could finally help clear up a cloud that has hung over the company for more than a year, Dell on Tuesday restated earnings for four full fiscal years and part of a fifth, cutting its net income over that time by $92 million in the process. Dell filed with the U.S. Securities and Excha...

Fifty years ago, novelist and philosopher Ayn Rand wrote of a society that hindered innovation and stifled the creative spirit. Atlas Shrugged told of a society where individual effort went unrewarded, where technological advancement was thwarted by short-term greed, and where the governments failed...

The U.S. House of Representatives voted 402 to 0 Tuesday to extend the ban on Internet service taxes another seven years, adopting the same time frame passed by the Senate Friday. The House previously voted to extend the moratorium for only four years. The original ban was first imposed in 1998 -- t...

Satellite radio provider Sirius reported Tuesday that it added more than a half-million new subscribers in the third quarter, growth that helped it narrow its financial losses. Sirius, which is still awaiting regulatory word on its planned merger with rival XM, said revenue for the quarter was up 45...

In a move that could create millions of potential new customers for telecommunications companies now hawking video service and deal a blow to cable companies, the Federal Communications Commission appears poised to ban deals that give cable carriers exclusive access to residents of large apartment c...

Verizon Communications' earnings fell compared with a year ago, but the company still managed to beat forecasts as it grew revenue on the strength of its wireless business and its small but fast-growing television services. Revenue for the third quarter was $23.8 billion, up 5.8 percent from $22.5 b...

Vonage has settled the financial details of a lawsuit it lost to Verizon for patent infringement, capping its penalty at $120 million -- a possible $32 million in addition to the $88 million already accrued and held in escrow. The final amount will depend on how the Court of Appeals decides Vonage's...

The U.S. Senate, echoing a similar bill passed by the U.S. House of Representatives last week, has approved an extension to a moratorium on state and local taxes on Internet access for another seven years. The House's version, however, calls for a four-year ban. The original ban, first imposed in 19...

SanDisk filed three patent infringement actions against 25 companies that manufacture, sell and import USB flash drives, CompactFlash cards, multimedia cards, MP3/media players and other removable flash storage products, the company announced Wednesday. The actions -- two filed in the United States ...

Microsoft posted strong first-quarter earnings Thursday and issued a buoyant forecast, capping a week of positive news for the software giant and prompting investors to send its shares to new high levels for the year. Microsoft -- which on Wednesday beat out rival Google to take a stake in Facebook ...

The Poker Players' Association took its fight to reform online gambling laws to lawmakers on Capitol Hill this week when more than 100 poker players took to the capitol. Professional poker players including Vanessa Rousso, Howard Lederer and Victor Ramdin joined PPA executives in Washington, D.C., t...