In a July 10 story about manufacturing plant closings in Texas, Arizona and Morocco by Swiss chip maker STMicroelectronics NV, The Associated Press reported that the company was cutting 4,000 jobs.
EU regulators fined Spain's Telefonica SA euro151.9 million (US$206.5 million) on Wednesday, claiming the company unfairly squeezed rivals by setting wholesale Internet prices too high to allow them turn a profit.
Europe's major consumer group BEUC said Wednesday that it feared Internet search engine Google Inc.'s takeover of online ad tracker DoubleClick Inc. would damage European Union privacy rights and limit consumers' choice of Web content.
Semiconductor maker Microchip Technology Inc. said Wednesday that it is suing a Chinese manufacturer for alleged illegal copying of its microcode and other proproprietary information.
Being "green" is all the rage with technology companies these days, but what's not clear is whether or not the environment-friendly approach is bringing in more greenbacks.
Has Bill Gates been knocked off the world's pinnacle of wealth? A respected Mexican journalist says magnate Carlos Slim may have supplanted Gates as the world's richest man, thanks to a healthy bump in the stock price for a mobile phone company Slim controls.
A Nasdaq Stock Market panel has extended Dell Inc.'s listing on the exchange for two more weeks, but the computer maker plans to ask for more time to finish delinquent financial reports.
Shares of handset makers traded mostly higher in an abbreviated trading session Tuesday, with Apple Inc. gaining ground after a market research company said Apple will see a 55 percent margin on sales of its 8 GB iPhones.
International Business Machines Corp. said Tuesday it won a 260 million euro ($353.8 million), six-year contract with Gruppo Monte Paschi Siena, an Italian bank. The agreement is an extension of a previous contract, valued at 420 million euro ($571.
LCC International Inc. said Tuesday it cut 60 jobs worldwide and plans to consolidate certain facilities in the United Kingdom following its purchase of one of Wireless Facilities Inc.'s units for $39 million.
