Archive for the 'Finance' Category

Ask revamps for faster Web search, more relevance

Tuesday, October 7th, 2008

Ask.com is overhauling its Web search engine to deliver faster results and improved relevance as it bids to win share from market leader Google. NEW YORK–IAC Corp’s Ask.com is overhauling its Web search engine to deliver faster results and improved relevance as it bids to win share from market…
Original post by Gadgets, gizmos, and […]

Ballmer: No one immune to global crisis

Tuesday, September 30th, 2008

Microsoft CEO Steve Ballmer said “financial issues are going to affect both business spending and consumer spending, and particularly … spending by the financial services industry.” OSLO–Microsoft Chief Executive Steve Ballmer said on Tuesday no company was immune to the global financial crisis, which he expects to sap both…
Original post by Gadgets, gizmos, and […]

Apple execs settle shareholder suits for $14 million

Thursday, September 11th, 2008

A federal judge in San Jose has given preliminary approval to a $14 million settlement of shareholder claims over backdating of stock options against current and former Apple executives. LOS ANGELES–A federal judge in San Jose has given preliminary approval to a $14 million settlement of shareholder claims over…
Original post by Gadgets, gizmos, and […]

Yahoo may revisit News Corp if AOL dims: source

Friday, July 18th, 2008

Yahoo is unlikely to get into a bidding war over AOL with Microsoft because Yahoo could instead renew talks over News Corp’s Web properties. NEW YORK–Yahoo is unlikely to get into a bidding war over AOL with Microsoft because if Microsoft gets in the way, Yahoo could instead renew…
Original post by Gadgets, gizmos, and […]

Murdoch says News Corp, Yahoo tie-up very unlikely

Friday, July 11th, 2008

News Corp’s Rupert Murdoch said it was “very unlikely” his company would be involved in any Yahoo transaction and said Yahoo and Microsoft would not end up with any deal. SUN VALLEY, IDAHO–News Corp’s Rupert Murdoch said it was “very unlikely” his company would be involved in any Yahoo…
Original post by Gadgets, gizmos, and […]

Stolen: Google employees’ personal data

Thursday, July 3rd, 2008

Names, addresses, and Social Security numbers of pre-2006 staffers were taken from offices of Colt Express Outsourcing Services. Google has confirmed that personal data of U.S. employees hired prior to 2006 have been stolen in a recent burglary. Records kept at Colt Express Outsourcing Services, an external…
Original post by Gadgets, gizmos, and […]

Bill Gates bids farewell

Friday, June 27th, 2008

Microsoft Chairman Bill Gates joins CEO Steve Ballmer at a town hall event Friday, Gates’ final day as a full-time Microsoft employee. Bill Gates’ farewell speech to Microsoft reminded employees that the company knows how to come from behind as well as to lead. …
Original post by Gadgets, gizmos, and […]

Bill Gates bids farewell to Microsoft

Friday, June 27th, 2008

Microsoft Chairman Bill Gates joins CEO Steve Ballmer at a town hall event Friday, Gates’ final day as a full-time Microsoft employee. Bill Gates’ farewell speech to Microsoft reminded employees that the company knows how to come from behind as well as to lead. …
Original post by Gadgets, gizmos, and […]

Time Warner sets lower profit growth target

Wednesday, February 6th, 2008

Although expected to slow, earnings growth could exceed estimates; CEO expected to address strategy for cable, AOL divisions. Time Warner forecast on Wednesday profit growth to slow but possibly exceed analyst estimates in 2008 after reporting quarterly earnings that reflected increases in broadband and phone subscribers and sales…
Original post by Gadgets, gizmos, and […]

3 record companies go after Baidu

Tuesday, February 5th, 2008

Universal, Sony BMG, and Warner ask a Beijing court to order China’s top search engine to remove all links to copyright-infringing tracks. Three global record companies have launched legal proceedings against China’s top Internet search engine Baidu.com, accusing it of violating copyright by giving access to music…
Original post by Gadgets, gizmos, and […]

Microsoft may borrow money for Yahoo deal

Monday, February 4th, 2008

Software giant says it may borrow money for the first time in its history to fund a portion of its unsolicited offer for Yahoo. Microsoft said Monday it may borrow money for the first time in its history to fund a portion of its $44.6 billion unsolicited…
Original post by Gadgets, gizmos, and […]

The legislation behind a national ID

Monday, February 4th, 2008

Federal regulations creating a uniform national ID card are looming. Read the the full text of the Real ID bill. Real ID became law not through the usual legislative process, but instead as part of a mammoth Iraq spending and Asian tsunami bill, the “Emergency Supplemental Appropriations Act…
Original post by Gadgets, gizmos, and […]

Yahoos fear loss of fun-loving culture

Saturday, February 2nd, 2008

While some employees see Microsoft’s bid as a positive development, they worry a merger would cool Yahoo’s free-spirited atmosphere. Will Yahoos’ yodels be silenced? Yahoo employees fretted on Friday that their fun-loving culture, summed up by early company ads featuring a cowboy yodel, could get quashed by…
Original post by Gadgets, gizmos, and […]

Microsoft-Yahoo the mother of all clusterbombs

Friday, February 1st, 2008

To pull this off, Microsoft’s Steve Ballmer will need to throw one hell of a hail mary pass, says CNET News.com’s Charles Cooper. I found the perfect description to sum up the idea of a Microsoft-Yahoo combination, but CNET News.com’s managing editor threatened to knock my lights out…
Original post by Gadgets, gizmos, and […]

Microsoft-Yahoo the mother of all clusterbombs

Friday, February 1st, 2008

To pull this off, Microsoft’s Steve Ballmer will need to throw one hell of a hail mary pass, says CNET News.com’s Charles Cooper. I found the perfect description to sum up the idea of a Microsoft-Yahoo combination, but CNET News.com’s managing editor threatened to knock my lights out…
Original post by Gadgets, gizmos, and […]

FAQ: What’s next for Microsoft’s Yahoo bid?

Friday, February 1st, 2008

Microsoft faces financial and legal hurdles in its unsolicited bid for Yahoo. CNET News.com walks you through the potential steps. Microsoft faces several financial and legal hurdles on its way to wooing Yahoo to accept its $44.6 billion buyout bid. Here’s a brief FAQ explaining some of…
Original post by Gadgets, gizmos, and […]

Microsoft offers to buy Yahoo in $44.6 billion deal

Friday, February 1st, 2008

Offer amounts to $31 per share, which Microsoft said represented a 62 percent premium above the company’s closing stock price. Microsoft on Friday said it had offered to acquire Yahoo in a proposed cash and stock deal valued at $44.6 billion. Microsoft said it had offered to…
Original post by Gadgets, gizmos, and […]

Microsoft bids $44.6 billion for Yahoo

Friday, February 1st, 2008

Offer–described by Yahoo as “unsolicited”–amounts to $31 per share, or a 62 percent premium above its closing stock price Thursday. Microsoft went public Friday with a $44.6 billion cash-and-stock bid to acquire Yahoo. In its response, Yahoo called the Microsoft bid “unsolicited” but did not reject it….
Original post by Gadgets, gizmos, and […]

Ericsson’s Redback CEO leaves executive role

Thursday, January 31st, 2008

Chief Executive Kevin DeNuccio will become vice chairman, company says, and Georges Antoun, a Redback vice president, will replace him. The head of telecom equipment maker Ericsson’s Redback Networks is leaving his executive position to become vice chairman of the unit, Redback’s chairman said on Thursday. …
Original post by Gadgets, gizmos, and […]

Sprint sees substantial impairment charge

Thursday, January 31st, 2008

Net book value of wireless unit said to exceed its fair value; accounting adjustment could represent most of $31 billion goodwill on company’s balance sheet. Sprint Nextel said on Thursday it will take a material goodwill impairment charge representing a substantial portion, and potentially all, of the $31…
Original post by Gadgets, gizmos, and […]

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