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More than 230,000 Facebook members got a rude awakening this past week when they were notified that they had been "de-friended" for a nice, juicy Burger King Whopper Facebook users who installed the "Whopper Sacrifice" application were rewarded with a coupon for a free Whopper if they de-friended 10 people from their "friends list," a directory of ...
Struggling Internet portal Yahoo has tapped former AutoDesk CEO Carol Bartz as its new CEO Bartz, 60, will face a monumental task in attempting to turn around Yahoo, which was the No. 1 destination on the Internet before being supplanted by search engine powerhouse Google a few years ago....
President-elect Barack Obama has selected former Internet executive and venture capitalist Julius Genachowski to be the next head of the Federal Communications Commission Genachowski, who was classmates with Obama at Harvard Law School, is expected to receive an easy confirmation from the U.S. Senate. Genachowski was chief counsel for Reed Hundt, a...
Two giants of Japan's consumer electronics industry are expected to announce annual losses for the first time in many years Sony, maker of the industry-changing Walkman music player and the PlayStation series of video game consoles, is expected to announce a US$1.1 billion loss for the 2009 fiscal year that ends March 31. If expectation becomes rea...
One Laptop Per Child, a Boston-based nonprofit dedicated to providing cheap laptop computers to children in underdeveloped countries, has laid off 50 percent of its staff That leaves the organization with 32 employees, all of whom have taken salary cuts in an attempt to cut costs, said Matt Keller, OLPC's director of Europe, the Middle East and Afr...
Beleaguered Internet portal Yahoo is about to wrap up its search for a CEO to replace cofounder Jerry Yang. An announcement could come as soon as this week Two candidates have emerged as the company's probable next leader: Carol Bartz, who is former CEO of AutoDesk; and Susan Decker, Yahoo's current president. Former Vodafone Group CEO Arun Sarin h...
Chinese PC maker Lenovo will cut 2,500 jobs, or about 11 percent of its workforce, during the first quarter, the company said Wednesday The cuts will include management and executive positions. In addition, Lenovo will cut executive compensation by 30 percent to 50 percent, and trim bonuses....
Sun Microsystems has acquired Belgian cloud computing company Q-layer for an undisclosed price Q-layer makes software that automates the deployment and management of corporate IT infrastructure such as servers, computers and Web-based applications in both public and private clouds....
Chip giant Intel has once again preannounced dire financial results -- yet another sign of the year-long U.S. recession's heavy toll on the technology industry Intel said Wednesday that fourth-quarter revenue will come in at US$8.2 billion, down 20 percent from the third quarter and down 23 percent year-over-year. Intel said the steep drop in reven...
Microsoft announced Monday that 2008 was the best year ever for its Xbox 360 video game system, despite a year-long U.S. recession that has seen consumer spending plummet The company's worldwide lead over rival Sony's PlayStation 3 widened by 8 million units in 2008, while its total number of 360s sold since the device hit the market three years ag...
AT&T and Verizon shares were hit hard Monday after being downgraded by Bernstein Research The firm downgraded Verizon from market perform to underperform and AT&T from outperform to market perform....
Netflix is coming to a high-definition LG Electronics television near you The two companies on Monday announced an extension of an existing partnership whereby LG will sell Internet-ready TVs capable of streaming content from a catalog of 12,000 Netflix movies. The service is already available on one of LG's Blu-ray disc players....
Dell, the No. 2 PC maker in the U.S., has fired two top executives as part of a major restructuring designed to help close the gap with its largest competitor, HP Chief Marketing Officer Mark Jarvis has stepped down; President of Global Operations Mike Cannon will retire, effective Jan. 31. Cannon will be replaced by Jeff Clarke, currently head of ...
Advanced Micro Devices said Monday that it cut 600 jobs in the third quarter -- 100 more than it indicated in the guidance provided to Wall Street early last fall, according to a filing with the Securities and Exchange Commission The 100 extra job cuts resulted in US$70 million in restructuring costs, rather than the $50 million the struggling chip...
Sony has drastically reduced the production costs associated with its PlayStation 3 video game console by 35 percent, according to information technology researcher iSuppli The latest generation of the PS3 costs just under US$450 per unit to produce, down 35 percent from the prior generation's production cost of nearly $700 per unit, iSuppli said....
Microsoft first talked about pay-as-you-go computing years ago, but a recent patent publication suggests the software giant is moving ahead with an alternative strategy for expanding PC access around the world The application, filed on Dec. 25 with the U.S. Patent & Trademark Office, provides a glimpse of what could be Microsoft's vision of the fut...
Online retail giant Amazon.com announced Friday that it had the strongest holiday shopping season in its history Customers ordered more than 6.3 million items worldwide on its peak shopping day, Dec. 15, which works out to about 72.9 items ordered per second, Amazon said....
GateHouse Media, a chain of local newspapers, has sued the New York Times Co. for copyright and trademark infringement Fairport, N.Y.-based GateHouse, which owns 125 local newspapers,alleged that Boston.com, the Web site for The Boston Globe, violatedcopyright law by linking to GateHouse stories on the Internet.
Struggling smartphone maker Palm just got a US$100 million shot in the arm from private equity group Elevation Partners In an investment agreement announced Monday, Elevation acquired new issues of preferred stock in Palm for $3.25 per share, a 31 percent premium over the closing price of Palm's stock last week....
Warner Music Group has started pulling some of its songs from YouTube, a move that apparently reflects a breakdown in the renegotiation of a licensing agreement between the two sides Warner licensed its entire music catalog to YouTube just before the latter was acquired by search engine powerhouse Google for US$1.65 billion a few years ago....
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