COMPANIES

Sprint to buy 30.5 mln iPhones over 4 years-WSJ

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Sprint Nextel Corp (S.N) has agreed to buy at least 30.5 million iPhones over the next four years, involving a commitment of about $20 billion, whether or not its customers want to buy the devices, according to a Wall Street Journal story.
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Yahoo!, ABC News Announce Online News Alliance

Yahoo! and ABC News announced Monday that they will join forces on a news alliance to deliver content to more than 100 million U.S. users each month. The deal increases the reach of Yahoo! News, which already reaches more unique users than any other news site.
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Zimbabwe's Econet H1 earnings up 16 pct

Zimbabwe's Econet Wireless, the country's largest mobile phone operator, has reported a 16 percent increase in half-year earnings, mainly driven by subscriber growth.
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Hollywood labor group OKs possible music label strike

The national board of the American Federation of Television and Radio Artists (AFTRA) has given negotiators for the labor group's sound recording contract authorization to strike, the organization announced Saturday.
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New Hulu bids due, but sale probability wanes

Second-round bids for the streaming start-up Hulu are due this week, but a sale looks less and less likely as the owners debate demands for conditions around the bids, according to individuals knowledgeable about the auction.
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Alibaba's Ma: very interested in buying Yahoo

Jack Ma, the founder and CEO of Chinese e-commerce giant Alibaba, is keen on buying Yahoo Inc if the opportunity presents itself and has held discussions with other potential buyers about options.
Tim Cook with the iPhone

Apple iPhone 5 Release Date, Features: 10 Important Things to Know

The Apple Let's talk iPhone event is just two days away, and up-to-the-last minute rumors have been rampant. On Tuesday, we'll have all the facts confirmed about the the Apple iPhone 5 release date and features. CEO Tim Cook will preside for retired company co-founder and long-time leader Steve Jobs. But while speculation is abundant, much has become clear about the Apple iPhone 5 release date and features.
Michael Ovitz, former Disney President arrives at the Sun Valley Resort in Sun Valley, Idaho

IMG board votes to oust Ovitz after failed bid

The advisory board of IMG held a conference call on Friday to discuss what to do about Michael Ovitz's play to take over company management, according to an individual with knowledge of the call.
iPhone 5

The Most Anticipated iPhone 5 Features for 2011

Apple will finally unveil the iPhone 5 next week, or so it is expected, during an Oct. 4 meeting at its Cupertino, Calif. campus, and everyone is wondering what features the new smartphone will come with.
A car drives along the territory of a solar energy power station near the Okhotnikovo village in the Crimea's Saksky district

U.S. Doles Out Last of Loan Aid to Solar Projects

The Obama administration on Friday approved more than $4.7 billion in loan guarantees for major solar projects as the government closed out an incentive program embroiled in controversy over the bankruptcy of one of its biggest projects.
Harris attends a news conference to announce the creation of the Mortgage Fraud Strike Force in Los Angeles

California Exits Mortgage Settlement Talks

The state of California pulled out of multi-state mortgage negotiations with large U.S. banks, dealing a sharp blow to long-running efforts to secure a broad settlement over allegations of lending abuses.
A sign at the entrance to the headquarters of bankrupt Solyndra LLC is shown in Fremont

DOJ Seeks Trustee in Solyndra Bankruptcy

The U.S. Department of Justice is seeking to give control of Solyndra's estate to a bankruptcy trustee, citing the refusal by executives at the solar power company to answer questions about its operations.
Meg Whitman gives her concession speech during her election night rally in Los Angeles

HP's Whitman to Take Home $1 in Salary, Plus Incentives

Meg Whitman, as the new CEO and president of the Hewlett-Packard Co., will be getting $1 in base salary, a target annual bonus of $2.4 million for HP's 2012 fiscal year, and an option to buy 1.9 million shares of the company's stock at $23.59 apiece under certain conditions

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