Search

Amazon.com has filed suit against the state of New York claiming the state's Internet Sales Tax Collection law requiring online companies to pay state sales tax is unconstitutional and violates a 1992 Supreme Court finding. Amazon filed its suit on April 25, claiming that the newly enacted state law...

Sun Microsystems announced a $34 million loss in its fiscal third quarter as the company continued to repurchase its stock, reinvest cash in the business and pursue acquisitions and expansion in emerging markets. That's a steep drop from the $67 million the company made in the same quarter in 2007. ...

Google unveiled its mobile image ad service, which allows publishers to create rich-media ads along with more traditional text ads for the relatively untapped mobile advertising market. The service, Mobile Ads, can also be tied with AdSense and like other Google products will use keyword targeting t...

Gawker Media, one of the most recognized blog networks, announced the sale of three properties -- including political blog Wonkette -- as Publisher Nick Denton tries to bolster the company in preparation for an online advertising slowdown. Throughout the past several years, Gawker Media has made wav...

The U.S. Department of Justice has cleared the way for competing satellite radio services to merge into one company amid fears that the combined service would create an unstoppable monopoly. Sirius Satellite Radio and XM Satellite Radio first announced intentions to merge in February of 2007 -- 10 y...

The Federal Communications Commission raised a record $19.5 billion with its wireless spectrum auction, which officially closed on Wednesday. The auction, which started Jan. 24, consisted of 261 rounds of bidding for five blocks of the 700 MHz spectrum. The revenues will be transferred to the U.S. T...

Yahoo announced it expects to double its operating cash flow in the next three years despite an uncertain stock market and on the heels of Microsoft takeover bid. The three-year plan, released Tuesday, said the company expects its operating cash flow to increase from $1.9 billion to $3.7 billion whi...

Taking aim at Google, Microsoft is making its Internet-hosted software application services available to businesses of all sizes. Microsoft Online Services, a hosted-application program that started last year for businesses with more than 5,000 employees, launched its new all-inclusive service as a ...

XM Satellite Radio Holdings announced double-digit growth in revenues and its subscriber base despite Congressional foot-dragging in regard to its potential merger with rival Sirius Satellite Radio. The company's revenues increased 22 percent in 2007 to $1.1 billion, driven in large measure by its 1...

Microsoft announced a soft beta test for software that will potentially give companies a more comprehensive view of how users interact with advertisements. The Engagement ROI software was built to track whether branding messages convert potential customers into paying customers, in much the same man...

Amid solid earnings that hit analysts' marks, Time Warner announced on Wednesday that it would radically restructure -- and possibly sell off part of -- its AOL Internet service provider division, ending a tumultuous experiment between the old and new media stalwarts. Overall, the Time Warner's reve...

The Industry Standard, one of the dot-com era's most prominent magazines, re-launched on Monday as a Web-only, community-driven Web site. The property, originally owned by Standard Media, is now run by the Boston-based IDC, a 44-year old information technology research firm. The site will consist of...

The Federal Communications Commission received a $4.7 billion bid for Block C, a swatch of spectrum being auctioned that is mandated to operate as a national wireless network that works with any mobile device. The auction started on Jan. 24, but the FCC won't announce which company submitted the bid...

Overhyped expectations caused shares of VMware, makers of desktop and server virtualization software, to plummet after the company announced fourth-quarter earnings that failed to meet investor expectations. The stock's freefall, which wasn't entirely unexpected, also threatened to hurt its parent c...

Sprint Nextel announced the layoffs of three top executives on Thursday, continuing the company's restructuring as it attempts to bolster its sagging financial situation. The three executives -- Chief Financial Officer Paul Saleh, Chief Marketing Officer Tim Kelley and Mark Angelino, president of sa...

Royal Philips Electronics strengthened its lighting and energy business while tapping into emerging world markets to offset big losses in the United States, according to its fourth-quarter earnings report released on Monday. Philips' net profits grew quarter-over-quarter from about $982 million to $...

Applied Materials announced plans to reduce its workforce by 1,000 as part of a global cost-cutting move. The company, one of the largest suppliers of semiconductor equipment, said the year-long reductions would come through job elimination and attrition. It will take a $20 million charge for the re...