Microsoft and Yahoo in 10-year Web search partnership
Following a year of to-and-fro negotiations, Microsoft Corp. and Yahoo Inc. finally agreed to partner up in the Internet-search sector in a joint effort to beef up competition against search-engine giant, Google. Read Full Article here.
Sprint posts loss, shares tumble 10 percent
Sprint Nextel Corp posted a wider quarterly loss and revenue fell 10 percent as the No. 3 U.S. mobile service continued to lose valuable monthly bill-paying customers. Its shares fell more than 10 percent. Read Full Article here.
Chipmakers optimistic on recovering demand, prices
Top Asian and European semiconductor manufacturers sounded a note of optimism on Wednesday as they predicted demand and prices picking up in the second half of the year. Taiwan's UMC, the world's second-biggest contract chipmaker, Europe's top chipmaker STMicroelectronics and even struggling German competitor Infineon all forecast that this quarter's sales would beat last quarter's. Read Full Article here.
Intel sees no first-time PC buyers for netbooks
Intel Corp said on Wednesday it no longer expects netbooks to appeal to first-time computer buyers, but sees continued sales of the ultra-portable laptops as a secondary machine or a durable option for kids. Read Full Article here.