Published May 9, 2008, 8:50 AM EST
NEW YORK (AP) - Clear Channel Communications Inc. reported Friday its first-quarter profit soared due to asset sales, an investment gain and higher revenue, but earnings from continuing operations were flat.
The radio broadcaster and outdoor advertising company, which is battling its lenders as it struggles to comp...
Published May 9, 2008, 6:55 AM EST
JAKARTA, Indonesia (AP) - Microsoft Corp. will focus on growing its own advertising and Internet search business after it withdrew its takeover offer for Yahoo Inc., Chairman Bill Gates said Friday.
Microsoft has not presented an alternative strategy to compete with its dominant rival in the Internet business, Google Inc., s...
Published May 9, 2008, 3:00 AM EST
HARTFORD, Conn. (AP) - Facebook, the world's second-largest social networking Web site, is adding more than 40 new safeguards to protect young users from sexual predators and cyberbullies under an agreement with officials nationwide that was announced Thursday.
The measures include banning convicted sex offenders from the...
Published May 9, 2008, 3:00 AM EST
MOUNTAIN VIEW, Calif. (AP) - Google Inc.'s top executives expressed hope Thursday that the Internet search leader will be able to form a potentially lucrative advertising partnership with Yahoo Inc. _ a deal that would lower the odds of Microsoft Corp. renewing its attempts to buy Yahoo.
"We have been talking to Yahoo and we ar...
Published May 8, 2008, 10:00 AM EST
NEW YORK (AP) - Cablevision Systems Corp. reported a wider first-quarter deficit on Thursday as losses from derivative contracts outweighed a 10.1 percent gain in revenues.
Cablevision, a New York-area cable TV provider, lost $31.6 million, or 11 cents per share, in the three months ended March 31. It lost $26.3 mi...
Published May 8, 2008, 6:45 PM EST
WASHINGTON (AP) - Is a baseball pitcher's method for throwing a curveball patentable? How about a chiropractor's techniques?
A federal appeals court wrestled with those kinds of questions Thursday when it considered placing restrictions on patent protections for business practices. The case under review is being clos...
Published May 8, 2008, 6:10 PM EST
NEW YORK (AP) - Video game publisher Activision Inc.'s fiscal fourth quarter was exceptional, with sales of "Guitar Hero III" and "Call of Duty 4" pushing profit and revenue well above guidance and analyst estimates.
Activision said Thursday its acquisition by Vivendi SA is on track to close in the next few weeks. ...
Published May 8, 2008, 5:30 PM EST
LOS ANGELES (AP) - Social networking site MySpace said Thursday it will soon enable users to quickly share profile data with Web sites operated by Yahoo Inc., eBay Inc. and others.
MySpace aims to save its users keystrokes and allow them to export their photos, videos and lists of friends.
"There's this concept that s...
Published May 8, 2008, 5:15 PM EST
SEATTLE (AP) - Without the influx of Web traffic that Microsoft bet would quickly follow a Yahoo buyout, the software maker is facing a long slog if it wants to turn its money-losing online services business into a Google-killer.
Since it withdrew a $47.5 billion bid for Yahoo Inc. after talks collapsed, Microsoft...
Published May 8, 2008, 4:50 PM EST
NEW YORK (AP) - Cable TV provider Cablevision Systems Corp. disclosed plans Thursday to offer high-speed wireless Internet service across its coverage area in the New York region.
The company also reported a wider deficit for its first quarter on losses from derivative contracts, while operating earnings jumped 44 ...