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RedTag.com, a discount online retail site, launches today with a $1.95 shipping charge on all orders, one of the lowest such rates in the industry. RedTag.com joins the likes of discount retail sites such as Overstock.com, which sells retailers' excess inventory at a fraction of the price that other...

A federal judge in San Jose, Calif., has thrown out a copyright infringement lawsuit launched by Io Group against Veoh Networks. Io Group, which also does business under the name Titan Media, produces adult video content. Veoh is a site similar to YouTube where users can upload and watch user-genera...

Microsoft will receive nearly $21 million from Immersion, a company that develops "tactile-feedback" technology, after the two companies agreed to settle a lawsuit. San Jose, Calif.-based Immersion has developed tactile feedback technology which makes video game controllers vibrate when there is an ...

Chipmaker Broadcom has agreed to acquire Advanced Micro Devices' digital television chip business for $192.8 million. About 530 AMD employees will join Irvine, Calif.-based Broadcom after the transaction closes, which is expected to take place sometime during the fiscal quarter ending Dec. 31. AMD i...

Worldwide shipments of servers grew 12.2 percent while revenue grew 5.7 percent in the second quarter, according to new data released by Gartner. Server vendors including Dell, IBM, Sun Microsystems and HP shipped 2.3 million units during the quarter, generating sales of $13.8 billion. IBM held onto...

Google and Verizon are nearing a deal that would make Google the default search engine on all Verizon mobile devices. The two companies would split advertising revenue from the new mobile search service. The tie-up is important for Verizon "because Google has 70 percent share of the search market on...

Nintendo has been hit with a lawsuit alleging patent infringement. Hillcrest Labs has filed a complaint with the International Trade Commission and a lawsuit in the U.S. District Court in Maryland against the video game giant. Hillcrest Labs makes and licenses many handheld interactive media devices...

Search engine giant Google has begun testing video ads on its mobile version of YouTube in the U.S. and Japan. The move is an attempt by the Mountain View, Calif.-based search engine to monetize YouTube's video ad potential. Google bought YouTube for $1.65 billion in October 2006. The move is typica...

The dance between two of the biggest players in the video games sector continues, and it's taking on a new tone. Electronic Arts and Take-Two Interactive Software held discussions over the weekend regarding EA's attempt to acquire Take-Two. EA is best known for sports titles such as the "Madden NFL"...

Internet market researcher eMarketer has drastically lowered its estimates on how much businesses will spend on online video advertising in the near future. The New York City-based firm expects spending on online video ads to reach $505 million by the end of this year, down from the $1.35 billion eM...

Brocade Communications' fiscal third-quarter profit jumped 90 percent as a result of fast-growing sales of its new network switching products and professional services business. The San Jose, Calif.-based company reported earnings of $20.3 million on $365.7 million in revenue, compared to $10.7 mill...

Tiffany has appealed a ruling in a federal court that online auction company eBay isn't responsible for keeping its users from selling fake jewelry that uses Tiffany's trademark. Tiffany, one of the world's most recognizable brands in the jewelry sector, filed its suit against eBay in 2004, claiming...

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. Now, the Richfield, Minn.-based company will soon have kiosks peddling electronics gear at major airports in Atl...

Search engine giant Google could see a significant write-down in its $1 billion investment in AOL, the company revealed. "We believe our investment in AOL may be impaired," it says in filings with the Securities and Exchange Commission. "There can be no assurance that impairment charges will not be ...

Search engine giant Google has launched a new music search service in China that enables users to legally download online music. Music OneBox, which is backed by some of the major global music labels, as well as Chinese basketball star Yao Ming, is available at Chinese music site Top100.cn. Google l...

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 th...

Sony has acquired German media giant Bertelsmann's 50 percent stake in Sony BMG Music for $900 million. Bertelsmann gets another $300 million for its share of the cash on Sony BMG's books. Filings with the SEC show that Sony BMG will buy back part of Bertelsmann's stake for $600 million, with anothe...

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 ...

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 $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,...

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 is the latest in a long line of large companies across several sectors to c...