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Adobe buys Swiss software maker for $240M

July 28, 2010 5:06 am | by The Associated Press | Comments

Adobe Systems Inc. will begin a public tender offer to buy Swiss software maker Day Software Holding AG in a deal the two valued at $240 million, the companies announced Wednesday.Adobe, which makes document-viewing and other software, said its acquisition of Day will boost its enterprise...

IAC revenue up in 1Q, results beat analyst views

July 28, 2010 4:05 am | by The Associated Press | Comments

IAC/InterActiveCorp reported stronger second-quarter revenues Wednesday, citing growth in its search and Match online dating businesses. Profits fell compared to last year, however, because that quarter included a bump from the sale of its Match Europe operations.For the April-June quarter, the...

Telefónica Wins Control of Brazilian Operator After Raising Bid

July 28, 2010 2:26 am | by New York Times | Comments

The Spanish company managed to overcome opposition from the Portuguese government to buy out the stake held by Portugal Telecom.

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LG Electronics' 2Q net profit falls 33 percent

July 28, 2010 1:05 am | by KELLY OLSEN - AP Business Writer - Associated Press | Comments

LG Electronics, a top global manufacturer of flat screen televisions and mobile handsets, said second-quarter net profit fell by a third amid a decline in sales and weaker profitability for phones.LG Electronics, the world's third-biggest maker of flat screen TVs, earned 856 billion won ($722.4...

Sony benefiting from restructuring, better sales

July 28, 2010 1:05 am | by TOMOKO A. HOSAKA - Associated Press Writer - Associated Press | Comments

Japanese electronics and entertainment company Sony Corp. reports earnings for April-June quarter on Thursday. The following is a summary of key developments and analyst opinion related to the period.OVERVIEW: Sony continued to forge ahead with restructuring efforts that are starting to pay...

Telefónica Raises Bid for PT Stake in Vivo

July 28, 2010 12:25 am | by Wall Street Journal | Comments

Spain's Telefónica has sweetened its offer for Portugal Telecom's stake in Brazil's Vivo Participacoes to $9.75 billion, a person familiar with the situation said.

Japan's NEC reports $490 million quarterly loss

July 28, 2010 12:05 am | by The Associated Press | Comments

Japan's NEC Corp. reported a loss in the latest quarter amid a slump in its network systems business and after hiving off its semiconductor unit .The Tokyo-based electronics maker Wednesday posted net loss of 43.1 billion yen ($490 million) in the April-June quarter, sinking deeper into the red...

Google Develops a Facebook Rival

July 27, 2010 10:24 pm | by Wall Street Journal | Comments

Google is in talks with several makers of popular online games as it seeks to develop a broader social-networking service that could compete with Facebook.

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Yahoo Japan Teams With Google on Search

July 27, 2010 10:24 pm | by New York Times | Comments

Yahoo Japan announced it would use Google technology to power its Internet search engine, putting Yahoo Japan on a divergent path from that of its American cousin.

Disney Buys Playdom in $763 Million Deal

July 27, 2010 10:24 pm | by New York Times | Comments

Disney will initially pay $563.2 million for Playdom and will make $200 million in additional payments if Playdom achieves unannounced growth goals.

European Governments Unleash Online Gambling to Help Fill Coffers

July 27, 2010 10:24 pm | by New York Times | Comments

Cash-strapped governments looking for ways to narrow budget gaps are embracing a source of revenue they once viewed with wary skepticism: online gambling.

Military Open-Source Software Could Increase Flexibility, Lower Cost

July 27, 2010 9:21 pm | by Georgia Institute of Technology | Comments

Researchers at the Georgia Institute of Technology are helping the U.S. military analyze and develop the advantages of open-source software -- programs that make their source code open to others so it can be changed and improved.

Panasonic introduces 3-D camcorder for consumers

July 27, 2010 9:05 pm | by YURI KAGEYAMA - AP Business Writer - Associated Press | Comments

The problem of what to watch on a 3-D TV will be yours to solve with Panasonic's camcorder for families to film birthdays, baby's first walk and weddings, all in 3-D.Numerous global electronics companies are racing 3-D televisions into the shops, hoping a revival of interest in the technology...

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Georgia Tech-Led Team Authors Comprehensive New Radar Technology Book

July 27, 2010 7:22 pm | by Georgia Institute of Technology | Comments

A team consisting primarily of researchers from the Georgia Institute of Technology has completed a new book on radar technology aimed at both students and professionals.

APNewsBreak: FBI says mastermind of botnet nabbed

July 27, 2010 6:05 pm | by LOLITA C. BALDOR - Associated Press Writer - Associated Press | Comments

International authorities have arrested a computer hacker believed responsible for creating the malicious computer code that infected as many as 12 million computers, invading major banks and corporations around the world, FBI officials told The Associated Press on Tuesday.A 23-year-old...

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