Business

U.S. stock markets were stuck in neutral Monday as the major indexes changed little on low volume. It may have been a welcome breather to investors after a miserable end to the previous week drove the Dow and Nasdaq to fresh lows for 2004. After trading in a narrow range all sessions, stocks finishe...

Home entertainment pioneer TiVo today announced it will be dropping the cost of its basic digital video recorder to $99 and will expand distribution of its products to three more major retailers. The Alviso, California-based company also announced a redesign of its TiVo box and a rewards program for...

Loudeye today announced a multiyear agreement with the multimedia business group of Nokia to develop a wireless digital music platform for mobile operators and their subscribers worldwide. This agreement includes a multimillion dollar commitment to Loudeye for development fees and defines a global c...

Google might be forced to delay its long-anticipated initial public offering, which had been rumored to be heading for Wall Street as soon as this week. Ironically, the company that built its reputation on having the best search technology in the world might have its IPO stalled in part by technical...

Cablevision Systems today reported financial results for the second quarter 2004. According to a company statement, consolidated second-quarter revenues increased 25 percent to US$1.2 billion compared to the prior year period, based on continued growth at the company's Telecommunications Services an...

Bargain hunters boosted the stock market slightly in morning trading Monday, but uncertainties about jobs data, interest rates, and oil prices kept prices in check. A few economists predict that dismal jobs data released Friday will prompt the Federal Reserve to leave interest rates unchanged at 1.2

Bleak jobs numbers for July led to a stunning sell-off on Wall Street as all major stock averages sank to their lowest levels of the year. The Labor Department said 32,000 new jobs were added in July, 90 percent fewer than the forecast of 243,000 jobs. The new figures raised concerns that the poor j...

Crude oil futures on the New York Mercantile Exchange (Nymex) in New York were down at the close of the market today from record highs set overnight -- but observers expressed doubt that oil prices have peaked. Light, sweet crude oil futures set for September delivery eased down to $43.95 a barrel o...

An attorney has sued Yahoo, charging the portal didn't do enough to help him stop personal attacks against him on its message boards. He hopes to make the suit a class action. Stephen Galton, a corporate lawyer in Los Angeles, filed suit on Wednesday. Galton claims the Internet company has protected...

Bankrupt Adelphia Communications today announced its preliminary timetable for to auction off the company, with completion of the sale expected by the end of the year. The fifth-largest cable television operator said the auction process will start shortly after Labor Day. It is currently anticipated...

Disney today unveiled the Disney Dream Desk PC, a personal computer aimed at children and featuring a Mickey Mouse-shaped LCD monitor and a variety of Disney applications. In unveiling the new PC in New York, Disney President and COO Bob Iger noted, "We've traveled a long way since that first Mickey...

In a decision that could have a broad impact on how entertainment is distributed across the Internet, the FCC has given the nominal go-ahead to a TiVo technology that lets users send content over the Internet.

TiVo, one of the initial creators of television services for digital video recorders (DVRs), announced today that the Federal Communications Commission (FCC) has certified TiVo's technology protection of digital broadcast television. The FCC determined that digital broadcast television content shoul...

America Online today announced the acquisition of Mailblocks, a personal, Web-based e-mail service known for using state-of-the-art technology to block spam and provide a streamlined, efficient e-mail user interface. Terms of the deal were not disclosed. Mailblocks is best known for its development ...

Most corporations, when giving birth to a new product, behave just like parents jumping in frenzy in a maternity ward. This typical hysterical hoopla of the incubation wing is often replaced by a subtler, cubicle behavior and, at times, becomes a subdued Dilbertish-style revolution. Objects do fly, ...