Business

China-based PC maker Lenovo, which altered the personal computer landscape with its purchase of IBM's personal computer line, returned all of its operations worldwide to profitability in the fourth quarter, including the first-ever profit for its U.S.-based business, the company said. Lenovo earned ...

Despite their denials, newspapers all over the world are simply dying. The gravity of the problem is not the result of competition from TV or the Internet. Rather, it's due to the fact that people all over the world prefer moving pictures in the palms of their hands over deciphering or reading betwe...

A lawsuit that began as a quest to reimburse customers for alleged collusion among telecom providers to lock upstart companies out of the market and keep prices high has ended with new restrictions on how such class action suits can be brought into court. Plaintiffs in the class action alleged that ...

XM Satellite Radio fully restored its service Tuesday, the company said, after outages affected an unknown number of subscribers for parts of two days. XM believed all service had been restored by early Tuesday afternoon, more than 24 hours after outages were first reported midday Monday. The compan...

Tapping deeper into one of the fastest-growing segments of the memory chip market, Intel has joined with STMicroelectronics and a private equity firm to establish a new flash memory company. The two chipmakers entered into the agreement to combine existing assets of businesses that last year generat...

The record label home to some of the world's top pop groups, such as the Beatles and Coldplay, has agreed in principle to a $4.7 billion takeover by private equity group Terra Firma Capital Partners. EMI Group spurned a proposal from Warner Music Group earlier this year, but now considers Terra's o...

Google shook up the e-payment market last summer with a ballyhooed entry into this space with its Google Checkout service. While many positioned the move as a salvo against eBay and its PayPal subsidiary, traditional banks may have more to lose if Google is successful as the Internet increasingly re...

AT&T, the nation's largest phone company, is stepping up its rebranding campaign aimed at consolidating its wireless services into a single unified name. The company will shed the Cingular name and replace it with AT&T at 1,800 outlets throughout the country this week. The move to rename Cin...

AT&T, the nation's largest phone company, is stepping up its rebranding campaign aimed at consolidating its wireless services into a single unified name. The company will shed the Cingular name and replace it with AT&T at 1,800 outlets throughout the country this week. The move to rename Cin...

AT&T, the nation's largest phone company, is stepping up its rebranding campaign aimed at consolidating its wireless services into a single unified name. The company will shed the Cingular name and replace it with AT&T at 1,800 outlets throughout the country this week. The move to rename Cin...

Private investors will acquire wireless carrier Alltel in a deal worth around $27.5 billion, as the private equity buyout trend reaches into the mobile space for the first time. Alltel's board of directors agreed over the weekend to be acquired by TPG Capital and Goldman Sachs Capital Partners for $...

IBM executives told investors Thursday they see a future where the technology giant grows profits significantly by expanding the amount of income from software sales and by tapping into emerging markets. Big Blue expects to boost the total percentage of its net income coming from software to 50 perc...

The board of directors for radio and billboard giant Clear Channel Communications unanimously approved a slightly sweetened $19.5 billion buyout offer from private equity groups whose prior attempts it recently rejected. Asked by some major shareholders to rethink that rejection, the board announced...

Microsoft announced on Friday it will acquire Web ad firm aQuantive in a deal valued at $6 billion, marking the latest and largest deal in a merger-and-acquisition frenzy aimed at staking a claim in the converging worlds of traditional and online advertising. Microsoft agreed to pay $66.50 per share...

Interactive marketing firm 24/7 Real Media has agreed to be acquired by UK-based advertising giant WPP Group, continuing the trend of consolidation in the online advertising space. London-based WPP will pay $11.75 per share for 24/7, WPP said, giving the all-cash deal a value of $649 million. New Yo...