Business

Reigning PC king HP's second quarter results will exceed earlier guidance, thanks to strong sales of PCs and enterprise-class servers, the company announced Tuesday. The news sent the company's stock to a six-year high. HP's revenue for the quarter will be between $25.5 billion and $25.55 billion, w...

Marvell Technology Group announced several changes to its leadership after an internal investigation found that stock options grants were routinely backdated, the company announced Monday. The firm indicated that more changes could be on the way. Marvell's CFO George Hervey has resigned, the company...

Google's YouTube-related legal struggles have mounted in recent days, with NBC Universal and Viacom lending support to a California journalist's copyright infringement suit against the video-sharing site, and a third lawsuit filed by England's top soccer league. Both NBC Universal and Viacom -- whic...

Following in the footsteps of fellow telecom equipment maker Alcatel, Nokia Siemens Networks will advance plans to reduce its 60,000-person workforce by 15 percent -- 9,000 people -- in the next two-and-a-half years, the company said Friday. The cuts are part of a larger plan to become more competit...

Microsoft and Yahoo have reportedly discussed a possible merger or other strategic alliance, a move that would dramatically alter the online landscape and could provide Microsoft with the weapon it needs to better battle with search and advertising giant Google. The two firms have held preliminary t...

An appeals court has denied Vonage's bid for a new trial in its patent spat with Verizon Communications, dashing the VoIP firm's hopes that a recent Supreme Court ruling would pave the way for its case to be reheard. Vonage had asked for the U.S. Court of Appeals for the Federal Circuit to issue an ...

Only careless scholarship, author Geoffrey Pullum claims in his book The Great Eskimo Vocabulary Hoax, has propagated the myth of dozens or hundreds of Eskimo words for snow. Aggressive fact-checking, he says, would put an end to the myth. The information security industry might learn a thing or two...

Time Warner has reported first-quarter profits that outperformed Wall Street expectations, mostly on the strength of its rise in new cable video, Internet and phone subscribers, as well as strong online ad sales. Shares of the world's largest media company rose more than 3 percent as it reported a 4...

New York-based Cablevision Systems has agreed to sell itself for more than $10.5 billion in cash to the family who founded the company. The Dolan family, which founded the company in 1973, will assume Cablevision's debt on top of the $10.5 billion price tag, bringing the total to $23 billion. During...

Online advertising and marketing firm 24/7 Real Media saw its shares soar to a 52-week high on the strength of rumors that Microsoft was nearing a deal to buy the company for about $1 billion. Shares of 24/7 Real Media jumped more than 24 percent to a yearly high of $13 Tuesday on rumors that the so...

Every year, global friends and foes of the United States await the publication of the Office of the U.S. Trade Representative's Special 301 report on intellectual property protection overseas. The report highlights areas of weakness in most of the major markets, which can range from lax enforcement ...

The 2008 presidential campaign season may be gearing up, but there's also another race afoot that has nothing to do with politics. It's the race for consumers' hearts and wallets that's being run by cable companies and telcos, and triple play bundles are the most recent heat. "Over the last several ...

Sirius Satellite Radio posted strong first-quarter results Tuesday, cutting its losses from a year ago on a surprising surge in new subscriptions. Sirius, which is trying to close a merger with rival XM Satellite Radio later this year, lost $144.7 million, or 10 cents a share, in the quarter that en...

Google filed documents with the U.S. District Court Monday, addressing the $1 billion lawsuit it faces from Viacom. In the response, filed in the Southern District of New York, Google contends that it has not violated the rights of the media conglomerate based on a provision of the Digital Millenniu...

Qwest Communications' first-quarter profit nearly tripled despite slightly lower revenue as cost-cutting measures paid off and customers moved toward more high-end data services, the company stated Tuesday. The Denver-based company posted profit of $240 million, or 12 cents a share, compared with $8...