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AT&T, the largest phone company in the U.S., announced Thursday that it will cut about 12,000 jobs, or roughly 4 percent of its total workforce, starting this month and through next year AT&T also announced it would slash capital spending, but it won't have specific figures ready until it releases its fourth-quarter financial results late next mont...
Microsoft earlier this week unveiled a new feature that gives instant rebates to some consumers who use its Live Search Cashback program to buy items from eBay Usually, consumers must wait 60 days to get their rebates. In a blog post on Monday, Microsoft Group Product Manager Kok Waii Wong detailed the new feature: "When we asked users about the im...
After surging 7 percent Tuesday on rumors that a former AOL executive wants to acquire Yahoo for as much as US$30 billion, the beleaguered Internet portal's shares were down nearly 5 percent at $11.02 per share in mid-day trading on Wednesday but closed flat as the market rallied Jonathan Miller, former chairman and CEO of AOL, is trying to raise a...
The Electronic Frontier Foundation has challenged the constitutionality of a federal law providing immunity to telecom companies that allegedly shared information about U.S. citizens with security agencies In a hearing in San Francisco on Tuesday, the advocacy group argued before Judge Vaughn R. Walker that it is unconstitutional to prevent America...
The US$14.5 billion merger between Sprint Nextel and wireless broadband provider Clearwire closed Monday with $3.2 billion in equity funding from a variety of heavy hitters in the technology and telecommunications industries The two companies have joined forces to build a nationwide high-speed wireless Internet network using worldwide interoperabil...
Cyber Monday is the biggest online shopping day of the year, but online retail experts say it may not be big enough this year to increase overall holiday sales compared to 2007 The November-December holiday shopping season will generate US$29.2 billion in sales this year, the exact same figure as in 2007, according to comScore....
Networking giant Cisco Systems will shut down most of its American and Canadian offices from Dec. 29 to Jan. 2 in a move the San Jose, Calif.-based company says will save it about US$1 billion Cisco's announcement is just the latest signal that technology companies are making efforts to cut costs as demand for new computing equipment slows down and...
Once seen as immune to economic slowdowns, the online advertising sector has now become the downturn's latest victim Based on new data, New York City-based eMarketer predicts that growth in the online ad sector is slowing....
Is Microsoft about to rebrand Live Search as "Kumo"? News reports on Monday had the software giant buying up domain names such as "Kumo.com," "Kumo.net," "Kumo.jp" and the like from CSC Corporate Domains, a domain registrar with which Microsoft often does business....
Part 1 of this two-part series on five of the boldest decisions made by technology companies this year explores the launch of Hulu and Amazon.com's decision to go DRM-free with its Amazon MP3 store Now, for the three remaining genius strokes in the E-Commerce Times' lineup of bold decisions that changed the technology landscape in 2008:...
With the economy in a downward spiral, many e-tailers plan to offer deep discounts and special shipping deals on the Monday following Thanksgiving, aka Cyber Monday, which has become a big spending day for online shoppers in the past several years Eighty-four percent of online retailers plan to have a Cyber Monday promotion to stimulate sales for w...
It's been said that the meek shall inherit the Earth, but in the cutthroat world of technology, only the bold survive Some of the biggest names in the high-tech and media sectors launched initiatives in the last year that have changed the landscape -- perhaps permanently....
Computer and server maker Dell surprised Wall Street with better-than-expected profits Thursday The company reported US$727 million in earnings in the third quarter, down 5 percent from the $766 million it reported during the same period in 2007. Third-quarter revenue came in at $15.16 billion, a 3 percent decrease from the same period last year....
The rest of the economy may be tanking, but online advertising in the U.S. posted big year-over-year gains, according to the New York City-based Interactive Advertising Bureau and PricewaterhouseCoopers Internet advertising revenue reached nearly US$5.9 billion in the third quarter, an 11 percent increase compared to the same period the year before...
Nokia and IBM are teaming up to bring corporate e-mail, calendar, address book and messaging functions to mobile workers Nokia's move is its latest attempt to compete with Research In Motion, maker of the BlackBerry e-mail device. The Finland-based phonemaker signed a similar deal with Microsoft in September....
Nearly 10 months after making an aggressive move to acquire struggling Internet portal Yahoo, Microsoft no longer has any interest in buying the company At the software giant's annual meeting on Tuesday, Microsoft CEO Steve Ballmer said that Microsoft is "done with all acquisition discussions" with Yahoo....
In a move that could threaten the livelihoods of security software makers Symantec and McAfee, Microsoft has announced it will offer free antivirus software some time in the second half of 2009 The free software, codenamed "Morro," will replace Microsoft's current security offering, Windows Live OneCare, a suite of services that costs consumers abo...
Just weeks after being linked to a scandal over tainted milk that killed four infants and sickened thousands in China, Chinese search engine giant Baidu has been hit with more bad news Shares of Baidu plummeted Monday after China Central Television, China's state-run television network, reported that the company had sold links to unlicensed medical...
Yahoo CEO and cofounder Jerry Yang is stepping down as leader of the beleaguered Internet portal after a tumultuous 18-month tenure Yang will resume his previous role as "chief Yahoo" and maintain his seat on the company's board. He will also participate in the process of finding a new CEO....
Court documents in a class action lawsuit over Microsoft's "Windows Vista Capable" logo show intense dissatisfaction by top executives at HP, one of the software giant's largest PC partners "You have demonstrated a complete lack of commitment to HP as a strategic partner and cost us a lot of money in the process," HP executive Richard Walker wrote ...
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