Business

In a move to extend its reach, NBC Universal on Monday agreed to buy iVillage, a leading online destination for women, for approximately US$600 million in cash. NBC Universal, which runs the NBC television network and the Universal film studio, will pay $8.50 in cash for each share of iVillage's sto...

The telecommunications industry has taken another giant leap toward consolidation, with the new AT&T -- created through a blockbuster merger completed just months ago -- poised to buy regional provider BellSouth in a deal worth US$67 billion in stock. The deal would create the largest single tel...

The telecommunications industry has taken another giant leap toward consolidation, with the new AT&T -- created through a blockbuster merger completed just months ago -- poised to buy regional provider BellSouth in a deal worth US$67 billion in stock. The deal would create the largest single tel...

The telecommunications industry has taken another giant leap toward consolidation, with the new AT&T -- created through a blockbuster merger completed just months ago -- poised to buy regional provider BellSouth in a deal worth US$67 billion in stock. The deal would create the largest single tel...

Research In Motion begins the week with one of the biggest hurdles the company has faced behind it, thanks to a US$612.5 million settlement with patent holder NTP, a deal that averted a possible shutdown of the BlackBerry e-mail service in the U.S. With more than nearly six years of legal turmoil pu...

The U.S. Department of Justice confirmed this week it is investigating possible price fixing among the major recording labels for online music. The probe is similar to action taken by New York Attorney General Eliot Spitzer, who last month continued an investigation of digital download collusion and...

A judge has cleared the way for Toys 'R' Us to terminate its e-commerce partnership with Amazon.com, a 10-year dot-com era partnership the toy seller has been seeking to terminate for nearly two years. Toys 'R' Us sued Amazon in May of 2004, seeking to terminate an agreement struck in 2000 under whi...

Intel, the leading chipmaker and one of the most closely watched technology sector bellwethers, cut its revenue forecast for the current quarter Thursday, citing market share erosion and weaker demand. Sales will be between US$8.7 billion and $9.1 billion, the company said, substantially below the $...

Most Americans think that the U.S. dollar is the dominant world currency, and in many ways, it is. In fact, the dollar has been the currency of choice since not too long after World War I. However, in the last 20 years or so, Japan has emerged as an economic powerhouse, and its currency, the yen, h...

Skype has landed in the midst of a semiconductor industry battle between AMD and Intel. AMD, the No. 2 chipmaker, is seeking documents from the VoIP company about its dealings with market leader Intel, according to a Feb. 28 subpoena. Skype, now owned by Internet auction giant eBay, has set up the s...

The Board of Directors of the Internet Corporation for Assigned Names and Numbers has given its final approval to a settlement that ends legal disputes with VeriSign and anoints that company as the operator of the lucrative dot-com registry through 2012. The deal is now being sent to the U.S. Comme...

A day after Google shares plummeted for the third time in about a month, wiping out around US$13 billion in market value in the process, investors and analysts turned their attention to evaluating the future of the search industry as a whole. Google shares lost some 7 percent on Tuesday after Chief ...

The recent US$15 million settlement between ChoicePoint and the Federal Trade Commission signals regulators have cranked up the heat on companies that allow personal customer data in their possession fall victim to breach or exposure. ChoicePoint, a broker of consumer data, acknowledged that informa...

Yahoo on Monday filed a lawsuit against wireless content company MForma and a group of former Yahoo employees, alleging the theft of the Internet portal giant's trade secrets. According to the lawsuit, which was filed in Santa Clara County state court in California, the employees copied large amount...

Continuing an aggressive building program aimed at helping it meet increased demand for a variety of its processors, Intel said it would spend US$300 million to build the first semiconductor testing and assembly facility in Vietnam. The chip market leader said the Vietnam plant, to be located in Ho ...