Business

The chief executive of Network Associates quashed speculation Tuesday that his company is in talks to be acquired by Microsoft, cutting into earlier gains made by the stock, which still managed to close up nearly 4 percent. Shares in the Santa Clara, California-based company ended off their best lev...

In its fourth quarter and as a result of higher demand for its handhelds and smartphones, PalmOne posted its first profit in its short history as a standalone company. PalmOne, created last year when Palm separated its hardware and software units, said it brought in US$267.3 million in the quarter e...

The deficit in the broadest measure of overseas trade tracked by the U.S. government grew to record levels in the first quarter as increased demand for foreign goods by American consumers far outstripped an increase in goods being exported. The deficit on goods and services increased to an all-time ...

Oil prices headed higher again Thursday after more violence broke out in Iraq. U.S. stocks remained in a muddle as business forecasts and inflation concerns converged. Crude oil futures sold on the New York Mercantile Exchange spiked more than a dollar to US$38.46 after news hit of a bombing attack ...

Oracle said increased license revenues from existing customers and a steadily improving economy helped drive a 15 percent increase in profit in the company's fourth quarter. Oracle rang up a profit of US$990 million for the quarter, up from $858 million in the same quarter last year, narrowly beatin...

Since emerging from the fringe "Free Network Movement" early in the new millennium, WiFi wireless networking technology, also known as 802.11, has moved rapidly into the mainstream. The technology has gathered many adherents involved in one aspect or another of e-commerce, from network equipment sup...

Federal Reserve Chairman Alan Greenspan calmed nerves frayed by inflation and rate-hike worries Tuesday by saying that inflation is "not likely to be a serious concern" in the near future. Speaking to a congressional committee holding a hearing on his nomination to a fifth term, Greenspan said huge ...

Consumer prices surged higher in May, driven mainly by rising fuel and food costs, the government said in a report that is seen as the final piece of evidence needed to justify interest rate hikes. The Consumer Price Index (CPI) rose 0.6 percent last month, the largest one-month jump in retail price...

Broadcom announced today that it has settled all outstanding patent and antitrust litigation with Microtune. Under the settlement agreement, all outstanding claims in pending litigation between the parties will be dismissed with prejudice. The parties also entered into reciprocal releases covering a...

In the U.S. government's case to block Oracle's hostile bid for PeopleSoft, the federal judge overseeing the proceedings has pushed for both sides to make more information public, and has taken an active role in questioning witnesses. In the case's first week of testimony, Judge Vaughn Walker told l...

Halliburton of Texas said Friday the U.S. Securities and Exchange Commission has begun a formal investigation into a venture in Nigeria. Halliburton said the SEC is investigating payments made in connection with TSKJ's construction of a liquefied natural gas facility in Nigeria.

Oil prices defied numerous predictions by rising slightly Thursday, as disruptions in Iraq and fears that other Middle East countries would be hit by terrorists countered OPEC's decision to boost production. Meanwhile, an OPEC minister said other unpredictable forces, such as a workers' strike in Ni...

National Semiconductor today reported a GAAP profit of US$126.4 million, or 32 cents per share, on revenues of $571.2 million for the fourth quarter of fiscal 2004, which ended May 30th, 2004. National Semiconductor's fourth-quarter sales were 34 percent higher than the fourth quarter of fiscal 2003...

Sales of mobile phones jumped sharply to record-setting levels during the first quarter, but longtime leader Nokia saw its share of the market fall to the lowest level in five years, according to a report from Gartner. Nokia's share of the cell phone market fell from 34.6 percent a year ago to 28.9 ...

Microsoft vowed Tuesday to appeal the recent European Union antitrust ruling that orders the company to modify its business practices, make product changes and pay a hefty fine. On Monday, the company delivered an application to annul the EU's decision to the European Court of Justice. After a five-...