Business

In what marks the biggest ever deal in the content creation and Web development sector, Adobe Systems today announced it would acquire Macromedia in an all-stock transaction valued at approximately US$3.4 billion. The company said the merger will allow Adobe to meet a wider set of customer needs and...

Become.com is vying to become the next mySimon.com. That's either fitting or ironic, seeing as Michael Yang and Yeogirl Yun, the team behind online comparison shopping pioneer mySimon.com, are Become.com's founders. Become.com indexes over 2.2 billion pages of shopping-related information from over ...

Mobile phone maker Sony Ericsson became the latest high-profile technology company to disappoint investors with its first quarter earnings report, saying today that low-price handsets from competitors was pinching its profits. Sony Ericsson said it earned US$41 million in the first quarter, a 61 per...

A critical path to growth for any company is the creation of business proposals that ultimately are accepted by prospective customers. Unfortunately, it has been my experience that many proposals are poorly prepared and lose site of both their goal (to secure a sale) and their audience (the prospect...

Tens of thousands of people who want to wipe out their debts in bankruptcy court would have to work out repayment plans instead under legislation Congress approved Thursday. A 302-126 vote by the House sent the legislation to President Bush, who said he was eager to sign the measure, the biggest rew...

Number two chipmaker Advanced Micro Devices (AMD) has announced plans to spin off its Spansion flash memory business, which has been a drag on the parent company's performance amid an industry-wide glut of the technology. AMD registered for an initial public offering of the Spansion unit, saying the...

In a recent decision that might have wide ranging implications for the growing number of people who work by telecommuting from home, the New York Appeals Court ruled that a Nashville man who works remotely via a PC for a New York-based union -- but 25 percent of the time performs his employment with...

It is designed to increase network speed, bandwidth, and the ability to share vast amounts of data quickly and easily, but according to copyright owners, the next-generation Internet known as Internet2 has also been facilitating illegal, unlicensed trading of copyrighted music and movie files. The R...

In a move to enhance its search and advertising businesses, Yahoo announced today it would offer free Web hosting to small businesses. The Internet company said any small business can sign up for a free Web page that will appear in Yahoo's Local directory. Yahoo Local general manager Paul Levine sai...

During the last century, mega corporations throughout the world followed the prime rules of building corporate image and name identity in the strictest sense. Their goal was simply to achieve an elite, world-class image by having their name and logo brightly displayed on skyscrapers in every city. T...

Police in India announced on Thursday that they had recovered 1 million Indian Rupees (almost US$23,000) in funds allegedly stolen from Citibank customers in the U.S. by employees of an Indian call center firm. The case highlights the need for a reexamination of corporate cultures and corporate ethi...

Looking to spark growth in what has proven to be a relatively difficult market niche to crack and to provide boosts to their respective bottom lines, America Online and XM Satellite said they would team to create a new online radio service. The co-branded service, to be available this summer, will i...

Looking for a Web hosting service provider? All vendors are not created equal. A little consumer education goes a long way toward ensuring you get a host that offers the right combination of products and services -- and at the right price. "There are so many Web hosting providers out there today," s...

In a closely watched case with potentially far-ranging implications about Internet governance, the World Trade Organization (WTO) ruled that the U.S. can set certain limits on Web gambling sites located in offshore locations. The decision was seen as a partial reversal of last November's ruling agai...

America Online has become the latest to join the Voice over Internet Protocol (VoIP) frenzy, rolling out AOL Internet Phone Service today in selected cities and promising customers an all-in-one bundle that will carry e-mail, instant messages and voice calls. AOL is billing the service, seen by anal...