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TiVo, one of the initial creators of television services for digital video recorders (DVRs), announced today that the Federal Communications Commission (FCC) has certified TiVo's technology protection of digital broadcast television. The FCC determined that digital broadcast television content shoul...

America Online today announced the acquisition of Mailblocks, a personal, Web-based e-mail service known for using state-of-the-art technology to block spam and provide a streamlined, efficient e-mail user interface. Terms of the deal were not disclosed. Mailblocks is best known for its development ...

Consumer spending fell sharply in June as fuel prices continued to put a crimp in discretionary purchases and amid overall concern about the economy, the government reported today. The Commerce Department said consumer spending fell .7 percent in June, the largest single-month drop in three years an...

Halliburton announced today that it has reached a settlement in the investigation by the SEC involving Halliburton's 1998 and 1999 disclosure of and accounting for the recognition of revenue from unapproved claims on long-term construction projects. "We are pleased to bring closure to this matter," ...

Oil prices spiked and stocks fell early Monday after the U.S. issued its most specific terrorist warning to date, but oil futures soon backed off record highs and stocks finished the day in positive territory. All eyes were on the two markets after the U.S. Department of Homeland Security warned tha...

Media giant Viacom and Internet sports content and e-commerce provider SportsLine.com announced today that they have signed an agreement for SportsLine.com to merge with a subsidiary of Viacom. Under the deal, holders of common stock of SportsLine.com will be entitled to US$1.75 per share in cash up...

Oil prices eased off record highs, giving investors enough breathing room to move Wall Street slightly higher on Thursday after another round of positive earnings reports. The Dow finished higher by 12.17 points, closing at 10,129.24. The Nasdaq was also up, gaining 22.80 points, or more than 1.2 pe...

DaimlerChrysler has substantially increased its second quarter operating profit from $0.8 billion to $2.5 billion. The Chrysler Group, Commercial Vehicles and Services divisions significantly improved their earnings, though the operating profits of the Mercedes car group and the other activities seg...

IBM today announced it has entered into an agreement to acquire Cyanea, a provider of software that monitors and manages the performance of Web-based business applications. Cyanea is a privately held company based in Oakland, California. Financial terms were not disclosed. Upon closing, Cyanea's ope...

Crude oil prices soared Wednesday, reaching their highest levels in 20 years after another violent day in Iraq and more bad news from Russia's Yukos renewed fears about supplies to the U.S. and other countries being impacted by terrorism. During the trading day, prices for crude futures actually set...

Consumer confidence jumped more than 3 points this month, reaching a two-year high and providing a sign that the economy might be in for another burst of growth. The news was enough to send the bulls running on Wall Street, driving the Dow up by triple digits and ending a lengthy skew of losing or f...

BMC Software today announced financial results for its fiscal 2005 first quarter ended June 30, 2004. BMC Software's net earnings excluding special items for the first quarter of fiscal 2005 were $32.1 million, or $0.14 per diluted common share, which compares to $0.03 a year ago and the company's r...

Boston Scientific today announced financial results showing net sales roared up 71 percent to $1.46 billion in the second quarter over the same time last year, and net income skyrocketed by 200 percent, to $377 million. "We experienced impressive growth across all our businesses and regions, and we ...

Stocks were unable to muster much of a bounce today off the lows set at the end of last week as investors fretted about what government economic reports to come out later this week would suggest about whether corporate profit growth will slow in coming months. The Dow moved only a fraction of a poin...

Blame it on Microsoft. By now, the software giant must be used to being accused of causing every bad thing that happens, and Friday it found itself squarely on the hook for a dismal day on Wall Street that wrapped up a week most investors are eager to forget. Microsoft, whose Thursday earnings repor...

Wall Street was once again a rollercoaster Thursday as stocks plummeted and then rallied to close higher as investors waited for software giant Microsoft to report earnings after the close of trading. Microsoft, which already made investors happy this week by announcing plans to disperse up to US$75...

Federal Reserve Chairman Alan Greenspan today continued to declare the U.S. economy healthy and ready to continue growing, but investors turned their attention to corporate earnings and didn't like the outlook they saw, sending the markets sharply lower as a result. The markets started the day well ...

Sun Microsystems reported results today for its fiscal fourth quarter and full fiscal year, which ended June 30, 2004. Revenues for the fourth quarter grew to US$3.110 billion, an increase of 4.3 percent as compared with $2.982 billion for the fourth quarter of fiscal 2003. "Delivering growth and pr...

Federal Reserve Chairman Alan Greenspan said the U.S. economy is poised to continue expanding, and suggested that the sudden drop in consumer spending related to inflation will recede over time. In closely watched testimony to the Senate Banking Committee, Greenspan said sharp price increases that m...

Oil prices flirted with record high levels again today as a fresh round of sabotage attacks in Iraq revived fears that supplies to the U.S. could be impacted. Crude oil prices soared as high as $41.90 during the day in New York trading before settling to $41.64 at the close, a seven-week high. Oil s...