IBT Staff Reporter

Software development firm, Adobe Systems (ADBE), announced on Tuesday that it will contribute source code of its ActionScript product to the Mozilla foundation, seeking to bolster standardized web technologies.

FedEx became the first company to cancel an order placed with Airbus for the A380 super-jumbo jet on Tuesday, due in part to two-year production delays by the aircraft manufacturer. In addition, the company turned to rival Boeing to order 15 new 777 freighter aircraft with a $3.5 billion list price.

Emerson Electric Co. (EMR) announced on Tuesday that its net profit for the third quarter rose on Tuesday, allowing it to increase dividend payments to shareholders.

OSI Restaurant Partners Inc., which owns Outback Steakhouse announced Monday that it had a buyout deal with a private consortium.

The Four Seasons Hotel announced today that it has been approached by a consortium of investors to take the company private.

Abbott Laboratories announced on Monday that it will purchase Kos Pharmaceuticals Inc., to strengthen its presence in the lucrative cholesterol treatment market.

The average employment rate for the EU climbed 0.5 percent last year to 63.8 percent which is similar to the increase recorded in 2004 following the increase of skilled workers, the commission said on Monday.

Microsoft Corp. announced on Monday that it has finalized development on its Office 2007 productivity software, and expects to release the new package to corporate customers by the end of the month.

DaimlerChrysler said its U.S. Chrysler division is “not-for-sale,” after the company released a poor third-quarter earnings report results which indicated a 51 percent drop in operating profit. Analysts went on to speculate that Chrysler could by up for sale.

Over the course of the summer, the world's largest semiconductor firm, Intel Corp., updated its whole line of computer processors, brining new technologies, and using new manufacturing techniques. The firm can now produce parts for several markets on a single process, cutting costs and raising margins, however some experts believe the move could potentially be dangerous.

Google Inc. announced on Monday that it has released an add-on for its Google Earth software, allowing users to find election information across the country.

Yahoo Inc. said on Monday that over the course of eight weeks, the Internet company will host an online talent show where users worldwide will submit videos that the world can watch and vote on, with the winner taking $50 thousand in cash.

A new study released on Monday shows that European mobile phone users are more likely to access the internet on their handsets than American users.

Cisco Systems announced on Monday that it has developed a new telecommunications platform that allows participants to join a conference from a distance, while still exhibiting the characteristics of being at the meeting in person.

Telecommunications giant AT&T Inc. said Friday it concluded its $300 million purchase of USinternetworking Inc., a high tech firm that re-established its business after filing for bankruptcy in early 2002.

Microsoft, the world largest software company, released the next generation of its Internet Explorer web-browser on Thursday, featuring upgraded features and increased flexibility. Soon thereafter, however, a security intelligence provider announced it had found a vulnerability.

Demand for Motorola Razr phone have peaked, according to analysts, allowing Sony Ericsson to capture the crown as the worlds fastest growing and most profitable vendor for the first time in over a year.

Research released on Friday shows that the PC market in Asia is seeing heavy growth this year, with shipments expected to rise 15 percent off healthy notebook gains.

Reports say leader regrets earlier test and would negotiate again if U.S. eases financial pressure.

Sony will revamp its marketing efforts in upcoming months, rolling out limited edition products and pushing its upcoming next-generation console, vying to garner lucrative holiday season consumer spending.

Google Inc., the world's largest search provider, reported on Thursday that its third quarter profit nearly doubled compared to the same period last year.

The European Commission said on Thursday that it will host the international development community in Brussels next month at a conference to discuss ways to improve business and development in Africa.

International Business Machines announced an expanded email archiving system built to run on top of Microsoft Windows Servers, the company said on Thursday.

EADS co-chief executive Thomas Enders said he is convinced of the success of the Airbus A380 super jumbo program, regardless of recent production difficulties the airline has experienced.

Worldwide shipments of personal computers (PC) slipped to 7.9 percent in the third quarter of the year according to industry observers, driven down by weak sales in the United States.

DuPont Co., the third-largest chemical maker in the US, says that one of its new worker health studies suggests that a chemical in Teflon used to make nonstick products is not carcinogenic.

Nokia, the world's largest mobile phone maker, announced on Wednesday that it is has created a new way to help pre-paid customers save money.

A smaller percentage of video iPods from Apple Computer have been shipped with a virus affecting Microsoft Windows, the computer maker said.

Technology stocks rose in Tuesday noon trading, as industry titans Intel Corp. (INTC) and International Business Machines Corp. (IBM) lead the way with better than expected quarterly earnings.