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The Motion Picture Association of America (MPAA), the trade group for the US movie industry, said Tuesday it has settled lawsuits with 321 Studios, a now defunct company which once made software which allowed consumers to make back up copies of DVDs and video games.

The Federal Reserve raised short-term interest rates by a quarter point, to 1.5 percent, on Tuesday afternoon. That much was widely expected. The real news lay in the accompanying statement, in which the Fed strongly implied that it would continue to raise rates in coming months. Although the report...

The most powerful three letters in the world today are www. No further explanation is required. There are also many other famous uses for this 23rd letter of the alphabet. W as in WWI or WWII, and we are still working overtime on a WWIII. Then there's the WWF and WWF. The match between the World Wil...

It says the rise in oil prices has curbed economic activity and softened the labor market but believes this will only be temporary and the economy can expect to expand down the track.

A new variant of the Bagle worm is spreading more quickly than anticipated, infecting computers in Brazil, Canada, France, the Netherlands, Taiwan and the United States. According to McAfee, the industry leader in antivirus software, the majority of infections occurred among home users, not in corpo...

Cisco Systems today reported its fourth quarter and fiscal year results for the periods ended July 31, 2004. Net sales for the fourth quarter of fiscal 2004 were US$5.9 billion, compared with $4.7 billion for the fourth quarter of fiscal 2003, an increase of 26 percent, and compared with $5.6 billio...

The Federal Reserve increased interest rates by another quarter point and expressed optimism that the economic recovery remains on track, providing a spark for a late-day rally on Wall Street. In a widely anticipated move, the Fed boosted the benchmark federal funds rate to 1.5 percent, the second i...

While eager to take advantage of the enhanced security features of Microsoft's long-awaited SP2 update, many corporate users of Windows XP will be cautious in activating it. Microsoft did extensive compatibility testing aimed at ensuring SP2 would work with as many third-party applications as possib...

A company driven out of business by Hollywood and the video game industry over its DVD-copying software has reached a settlement with the motion picture industry. In the settlement, suburban St. Louis-based 321 Studios and its owners agreed to stop selling DVD copying software worldwide, said Matthe...

Nanosys yesterday announced that Peter S. Garcia has joined the company as chief financial officer. The action comes less than a week after the company pulled its plans for a $100 million initial public stock offering due to what the company called "the volatility of the public capital markets." Cal...

India's Central Board of Direct Taxes (CBDT) issued a circular in May on the taxability of foreign companies that have outsourced work to India. Official notices have also been sent out to Indian IT outsourcing firms asking for information on the nature of services being provided by outsourcing orga...

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...

HP has confirmed that it is planning to acquire UK services firm Synstar in a deal believed to be valued at around US$160 million.

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...