Wall Street's Wednesday rebound helped repair some of the psychological damage caused by Tuesday's 416-point loss in the Dow, but questions remain about computer malfunctions that may have contributed to the Dow's plunge. Dow Jones, which collects and reports market data, and the New York Stock Exch...
Fierce price competition in the computer chip sector caused market leader Intel to see far lower profits in the fourth quarter, even though sales were up strongly. Intel said Wednesday that revenue for the quarter was $9.7 billion, 5 percent below the same quarter a year ago but up 11 percent from t...
Advanced Micro Devices, the world's second-largest microprocessor maker, warned Thursday that its fourth quarter results would come in below previous expectations. The news sent the company's shares spiraling and raised questions regarding the overall strength of the technology sector. AMD said rev...
Sony will reportedly launch a video download service for users of its PlayStation Portable devices early next year, a move that could put it into direct competition with Apple's iPod video devices and its iTunes Movie Store. Sony Pictures Home Entertainment is in negotiations with several possible c...
Verizon Communications said Tuesday that its net profit fell compared to a year ago as it continued to spend to integrate its long-distance acquisition MCI. Meanwhile, revenue grew mainly thanks to expansion in its wireless business. Verizon also acknowledged that its number of landline customers f...
Online auction and fixed-sales giant eBay reported earnings that largely met expectations and set the outlook higher for the remainder of the year. The company also unveiled plans to raise fees in a bid to further boost revenues. eBay posted earnings of US$250 million, down from $291.6 million in t...
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...
Communications gear maker Nortel plans to buy Tasman Networks, a maker of high-performance enterprise routers, in a bid to beef up its product offerings in the area of multimedia data delivery. Ontario, Canada-based Nortel said it would pay US$99.5 million in cash for San Jose, California-based Tasm...
Dell computer has officially opened what it calls its largest, most advanced manufacturing plant in North Carolina, a move meant to underscore the company's commitment to operating in the United States but one that has already created its share of controversy. Dell opened the 750,000-square-foot fac...
Hoping to grab as many customers for its wireless broadband service before key competitors push into the market, Verizon Wireless cut monthly prices as it rolled the high-speed service out in several additional cities. The price cuts of 25 percent drop the price of the service, known as BroadbandAcc...
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