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Consumer electronics retailing giant Best Buy is coming to an airport near you With 965 stores in the U.S. alone, Best Buy is already one of the most ubiquitous retail chains in America....
Search engine giant Google could see a significant write-down in its US$1 billion investment in AOL, the company revealed in filings with the Securities and Exchange Commission. Jon Murchison, a Google spokesperson, declined to comment on how much Google's investment in AOL is now worth....
Search engine giant Google has launched a new music search service in China that enables users to legally download online music Music OneBox is backed by some of the major global music labels, as well as Chinese basketball star Yao Ming, who plays for the Houston Rockets of the National Basketball Association. The service is available at Chinese mu...
Sprint Nextel continues to shed wireless customers despite efforts to improve service and lure high-end subscribers to its network The number of mobile subscribers at the carrier declined to 51.9 million in the second quarter ended June 30, down 3.9 percent from the 54 million it reported during the same period in 2007, according to the company's f...
Sony has acquired German media giant Bertelsmann's 50 percent stake in Sony BMG Music for US$900 million. Bertelsmann gets another $300 million for its share of the cash on Sony BMG's books Filings with the Securities and Exchange Commission show that Sony BMG will buy back part of Bertelsmann's stake for $600 million, with another $600 million com...
Wireless technology giant Motorola has landed a top Qualcomm executive to run its mobile devices unit, which is expected to be spun out in the second half of 2009 Sanjay Jha, former chief operating officer at San Diego-based Qualcomm, is now co-CEO of Motorola and CEO of the Schaumburg, Ill.-based company's mobile devices unit....
Sun Microsystems continues to struggle The Santa Clara, Calif.-based server maker reported that earnings in the quarter ended June 30 fell nearly 74 percent to US$88 million, compared with earnings of $329 million during the same period a year ago. Quarterly revenue fell 1.4 percent to $3.78 billion, down from $3.83 billion during the same period i...
Search engine giant Google is setting up a new venture capital arm and has hired William Maris, a 33-year-old former entrepreneur, to help coordinate the venture fund, according to a report in The Wall Street Journal Google "does not comment on market rumor or speculation" company spokesperson Andrew Pederson told the E-Commerce Times in an e-mail ...
Sprint Nextel sustained a harsh legal blow this week that could have wide-ranging effects across the entire mobile telephone industry A judge in California ruled that it is illegal for Sprint to charge so-called early termination fees when customers discontinue their wireless phone service before their contracts with the carrier end....
Year-over-year profits at Tokyo-based consumer electronics giant Sony fell 47 percent to US$326 million during the first quarter, and company officials predict a further decrease in profits later in the year Several factors contributed to the massive drop in Sony profits: lower-than-expected earnings from Sony Ericsson; falling electronics prices; ...
Verizon Communications (NYSE: VZ) beat Wall Street expectations on Monday, thanks to a strong showing by its wireless business Second-quarter revenue grew to US$24.1 billion, a 3.7 percent increase compared with the same period a year ago. Second-quarter earnings grew to $1.88 billion, up from $1.68 billion during the same period a year ago....
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