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Retailers who scoffed at the web during the flush days of consumer spending are now diving head first into online initiatives, lured by that channel's resilience in the downturn.

Palm Inc named Jon Rubinstein as its CEO on Wednesday, hoping the former Apple executive can usher in a new era for the company seeking to revive its fortunes with a fresh smartphone launched last weekend.

Palm Inc Executive Chairman Jon Rubinstein will become chief executive, succeeding Ed Colligan, as the company seeks to revive its fortunes with a new smartphone and operating system.

Following Palm Pre's rollout into the U.S. smart phone market on June 6, analysts and public alike have been eager to know how sales performed during the debut.

Apple Inc halved the price of its entry-level iPhone to $99 on Monday to widen the trendy device's mass-market appeal, as global competition heats up after Palm Inc launched the Pre.

Apple Inc halved the price of its entry-level iPhone to $99 on Monday in a move that could widen the trendy device's mass-market appeal as competition for smartphones heats up.

Shares of Palm Inc slipped on Monday amid concerns that early sales of its highly anticipated new phone, the Pre, fell short of expectations and that its launch may be overshadowed by supply constraints.

U.S. stocks rebounded late on Monday to end flat, shrugging off lighter-than-expected sales from McDonald's and lowered iPhone prices from Apple .

Apple on Monday unveiled a new, faster iPhone and cut the price on its existing model to $99.

U.S. stocks rebounded late on Monday to end flat, shrugging off lighter-than-expected sales from McDonald's and lowered iPhone prices from Apple .

Apple Inc cut the price of its entry-level iPhone to $99 on Monday, in a nod sure to please recession-weary consumers, but ailing leader Steve Jobs did not put in a much speculated-about appearance after a months-long absence from public view.

Apple Inc unveiled a cheaper Mac notebook on Monday, kicking off its annual developers' conference with a low-key announcement amid speculation visionary leader Steve Jobs might appear after a months-long absence from public view.

Apple Inc unveiled a speedier iPhone on Monday, but contrary to rumor its convalescing Chief Executive Steve Jobs did not make an appearance.

AT&T Inc said it will halve the price of the existing iPhone from Apple Inc starting on Monday evening and start selling a new version of the phone on June 19 without impacting its profit targets.

Apple's Worldwide Developer Conference (WWDC) is underway in San Francisco where new MacBook Pro laptops have been rolled out, along with a price cut announcement to its MacBook Air laptops.

Apple Inc unveiled a cheaper notebook with revamped software on Monday, kicking off a closely watched annual conference with low-key announcements amid speculation visionary leader Steve Jobs might appear after a months-long absence from public view.

A surprise appearance by Apple Inc Chief Executive Steve Jobs at the company's annual developer conference could boost its stock on Monday, but his absence might trigger a bigger move in the other direction.

Small crowds gathered on Saturday for the official launch of Pre, the smartphone seen as Palm Inc's best chance to claw back market share from Apple Inc's iPhone and Research In Motion Ltd's Blackberry.

Small crowds gathered on Saturday for the official launch of Pre, the smartphone seen as Palm Inc's best chance to claw back market share from Apple Inc's iPhone and Research In Motion Ltd's Blackberry.

Sprint Nextel Corp Chief Executive Dan Hesse is counting on Palm Inc's Pre smartphone to help the company move past criticism about its customer service and network quality.

Apple Inc kicks off its annual developers' extravaganza on Monday under a tight lid of secrecy, with investors expecting the electronics maker to unveil new or cheaper versions of its popular iPhone.