TECHNOLOGY

Amazon buying shoe seller Zappos for $928 million

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Amazon.com said on Wednesday that it has reached a deal to buy online shoe retailer Zappos.com Inc for $927.9 million, mostly in stock, as the world's largest online retailer, known for its electronics and books, moves aggressively into shoes and apparel.
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Microsoft releases Windows 7 code to PC makers

Microsoft Corp said on Wednesday it is releasing the code for Windows 7 to PC manufacturers, keeping the software company on track to have machines running its new operating system in the stores by late October.
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Intel appeals to EU court over antitrust fine

U.S. chipmaker Intel Corp on Wednesday appealed to Europe's second highest court against an antitrust finding and a 1.06 billion euro ($1.50 billion) fine levied by EU regulators.
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LG Elec Q2 profit surges, strong margins to ease

LG Electronics Inc posted a record quarterly profit on strong mobile phone and TV sales, helping it win market share from rivals Nokia and Motorola but concerns over weaker margins may stall a rally in its shares.
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LG Elec Q2 profit surges on handsets, TVs

South Korea's LG Electronics Inc beat expectations with a record second-quarter profit and is set to outperform its peers this year thanks to a weak local currency and a strong lineup of mobile phones, TVs and appliances.
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People the weak link in cybersecurity: report

The popularity of Facebook and other popular social networking sites has given hackers new ways to steal both money and information, the security company Sophos said in a report released on Wednesday.
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People the weak link in cybersecurity - report

The popularity of Facebook and other popular social networking sites has given hackers new ways to steal both money and information, the security company Sophos said in a report released on Wednesday.
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IBM boosts Juniper pact, plays down Cisco rivalry

IBM on Wednesday announced it was stepping up its partnership with Juniper Networks Inc, but said it was also boosting ties with other equipment vendors including Cisco Systems Inc, playing down suggestions it was aiming to keep an increasingly competitive Cisco at bay.
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LG Elec Q2 profit surges on handset, TV sales

LG Electronics Inc on Wednesday reported a surge in second-quarter operating profit as the strength of its mobile phone and TV businesses helped the company recover from the downturn faster than its peers.
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Yahoo outlook misses, shares slip

Yahoo Inc's third-quarter forecasts fell short of Wall Street expectations, sending shares 3.2 percent lower, as the Internet company announced plans to step up spending despite persistent weakness in the advertising market.
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Steve Madden sues EBay over watches

Footwear and accessories maker Steven Madden Ltd sued eBay Inc on Tuesday over purportedly fake watches being sold on the online marketplace's website.
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Apple smashes profit forecasts, iPhone shines

Apple Inc's quarterly profit blew past Wall Street forecasts thanks to strong sales of Macs and iPhones and higher-than-expected gross margins, boosting its shares 4 percent on Tuesday.
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Yahoo outlook misses, shares drop

Yahoo Inc's forecast for third-quarter fell short of Wall Street's expectations, as the Internet company announced plans to step up spending and cited continued weakness in the advertising market.
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Barnes & Noble unveils store for digital books

Barnes & Noble Inc unveiled on Monday what it called the world's largest online bookstore, taking on Amazon.com Inc with over 700,00 titles readable on devices such as Apple Inc's iPhone.
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Apple's profit tops forecasts; Mac sales strong

Apple Inc's quarterly profit blew past Wall Street forecasts thanks to strong sales of Macs and iPhones and higher-than-expected gross margins, sending its shares up more than 3 percent on Tuesday.
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Yahoo ad revenue falls, shares down

Yahoo Inc's revenue from advertising fell and the Internet company projected lower-than-expected operating cash flow for the current quarter, sending its shares down more than 2 percent.
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Daily Wrap Up - Tech - July 21

Apple Inc posted a quarterly profit that blew past Wall Street forecasts thanks to strong sales of Mac computers and improved margins, sending its shares up more than 3 percent on Tuesday.
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Rural U.S. carriers unimpressed with Verizon offer

The Rural Cellular Association, whose members include about 100 small and medium-sized carriers, said on Tuesday it was encouraged by Verizon Wireless's offer to limit new exclusive handset deals but the offer was inadequate.
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Midday Minute - Tech - July 21

Yahoo Inc said it plans to introduce a major overhaul of its Internet home page on Tuesday. The new homepage blends Yahoo's collection of online content and products with popular social networking services like Facebook and Twitter.
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Mideast, Africa mobile broadband to explode: report

Mobile broadband in the Middle East and Africa will expand to $6 billion in the next two years from the current $1 billion, spurred by an expanding network and falling prices, a telecoms advisory firm has said.
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Daily Outlook - Tech - July 21

Apple, the iPhone maker, is scheduled to report their fiscal third quarter 2009 results after the market closes on Tuesday. Analyst estimate between $1.02 earnings per share to a high of $1.31, with a consensus estimate of $1.15.
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Google earth reaches for the moon

Today marks the 40th anniversary of when Neil Armstrong took his first steps on the moon. Today to mark the anniversary of Apollo 11 Google earth reached out for the moon allowing users to have a close up look at the moon.
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Warner Music and YouTube still talking on deal

Warner Music Group, the world's third largest music company, is still in talks with video sharing site YouTube to license its artists' music videos even after all its major rivals have renewed their deals.

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