Business

Cable giant Comcast's profit rose 80 percent in the first quarter, the company stated. One-time gains aided results, and demand for the company's triple play bundle of Web, TV and calling services remained robust. The Philadelphia-based company's revenue for the quarter hit $7.38 billion, a 32 perce...

Just one day after Siemens CEO Klaus Kleinfeld announced he would not renew his contract with the company, the German engineering and technology giant admitted Thursday that it is the focus of an expanding, multinational probe over allegations of bribery and corruption. German prosecutors are invest...

Shares of Vonage soared briefly after the beleaguered VoIP firm won a major court victory that will enable it to continue signing up new customers while its appeal of a patent infringement verdict wends its way through the legal system. U.S. Court of Appeals for the Federal Circuit in Washington gra...

Shares of IBM powered higher Tuesday after the technology giant said it would pay a larger quarterly dividend to shareholders and move to buy back up to $15 billion worth of its own stock. IBM said its board of directors had voted to increase its quarterly cash dividend to 40 cents per share, a 33 p...

AT&T reported strong financial results for the first quarter of 2007 on Tuesday, including doubling its earnings over those from the same quarter a year ago. The San Antonio-based company reported net income of $2.8 billion, or 45 cents per share, for the period ending March 31, compared with $1...

AT&T reported strong financial results for the first quarter of 2007 on Tuesday, including doubling its earnings over those from the same quarter a year ago. The San Antonio-based company reported net income of $2.8 billion, or 45 cents per share, for the period ending March 31, compared with $1...

AT&T reported strong financial results for the first quarter of 2007 on Tuesday, including doubling its earnings over those from the same quarter a year ago. The San Antonio-based company reported net income of $2.8 billion, or 45 cents per share, for the period ending March 31, compared with $1...

How significant is a Web site to your organization? My impression is that for businesses who have devoted the resources to develop and maintain an effective online presence, its Web site's impact is unprecedented, and for the folks who haven't gone down that path, it's value and profitability are ma...

Microsoft on Monday gave the European Union's antitrust regulators more information on its code-sharing program. The company also asked regulators for guidance on how much it can charge rivals for access to its Windows server protocols. The software giant was hoping to avoid fines on top of the near...

Motorola has snapped up Terayon Communication Systems, a digital video processing and networking software maker, for $140 million, the companies announced on Monday. Terayon's video-processing chips will allow Motorola to offer digital ads and graphical overlays on its cell phone displays, which ult...

A private equity consortium led by Affiliated Computer Services founder Darwin Deason has boosted its bid to buy the company and take it private, hoping to convince shareholders to sell despite the reluctance of the information technology services firm's board of directors. Deason and Cerberus Capit...

It's time to add another IT category to the official IT lexicon: software development and deployment as a service, or SDDS. This one's a keeper. That's my conclusion after seeing a demonstration of Bungee Labs' new Bungee Connect offering, which combines the virtues of online Web application develop...

Internet search engine leader Google reported massive quarterly financial gains Thursday, posting a net income of $1 billion in the first quarter of 2007, up from $592 million in the first quarter of 2006, and blowing past Wall Street's expectations. Google's 69 percent growth far surpassed Yahoo's ...

Just two days after it accepted a sweetened merger agreement with a private investment group, Clear Channel announced Friday that it will sell its TV group. Rhode Island-based Providence Equity Partners will buy the group of 56 TV stations for $1.2 billion. The deal is expected to close in the fourt...

Internet auction house eBay on Wednesday beat Wall Street estimates by delivering $377.2 million in earnings for the first quarter of this year, a massive 52 percent leap. Despite the strong performance, eBay shares struggled Thursday, falling around 85 cents, or 2.5 percent. The online auction hous...