TECHNOLOGY

IBM hikes full-year outlook, shares jump

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IBM reported a 13 percent slide in revenue as corporate spending fell, but cost cuts and a shift to more profitable businesses helped it trump earnings expectations, and the company raised its profit outlook for the full year.
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IBM raises full-year outlook despite lower revenue

IBM reported a 13 percent fall in revenue amid a decline in corporate spending, but cost cuts and a shift to more profitable businesses helped it achieve higher-than-expected earnings, and the company raised its outlook for the full year.
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Nokia cuts profit, market share outlook

The world's top cell phone maker Nokia Oyj cut its profitability and market share forecasts due to tough competition, sending its shares sharply lower on Thursday.
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Palm shares sink after Apple closes iTunes sync

Shares of Palm Inc fell more than 3 percent on Thursday after Apple Inc closed a loophole in iTunes that had allowed the music management software to be synchronized with Palm's Pre phone.
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Mid-day Minute - July 16 Tech

The world's top cellphone maker Nokia cut on Thursday its forecast for second half profitability and 2009 market share at its key phone unit, sending its shares sharply lower. Nokia said its second-half underlying operating profit margin at its key phone unit would be at the first-half level of 11.3 percent. It had earlier forecast a second-half margin of 13-19 percent.
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Google faced rougher landscape in second quarter

Wall Street expects Google Inc to report tepid revenue growth for the second quarter on Thursday amid a tough advertising market and a sharpened attack on its business by rival Microsoft Inc .
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Sony Ericsson loses market share, sees tough H2

Mobile phone maker Sony Ericsson braced for a tough second half of 2009 after losing market share in the second quarter as its mid-range products found little favor among a declining customer base.
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Sony Ericsson posts pre-tax loss in second quarter

Mobile phone maker Sony Ericsson posted a second-quarter pretax loss in line with expectations on Thursday and repeated its forecast for the global handset market to contract at least 10 percent this year.
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Space shuttle 'Endeavour' successfully launch

After six attempts, Space shuttle 'Endeavour' has finally blasts off safely for space station mission. The space shuttle Endeavour was successfully lifted up this evening at 6:03 P.M. EST on a mission to the International Space Station (ISS) from the Kennedy Space Center at Cape Canaveral in Florida.
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Microsoft stores to open near Apple stores in fall

Microsoft Corp will open stores close to those of Apple Inc this fall, according to its chief operating officer, as it looks to win back the initiative in the battle for Main Street PC and gadget buyers.
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Daily Wrap up July 13 - Tech

After more than a month's delay, space shuttle Endeavour and seven astronauts thundered into orbit Wednesday on a flight to the international space station, hauling up a veranda for Japan's enormous lab and looking to set a crowd record.
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Website publishes sensitive hacked Twitter info

Technology news website TechCrunch published on Wednesday sensitive internal documents belonging to Twitter, including financial projections, offering a rare glimpse into the wildly popular microblogging site.
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AT&T in initial labor pact for Midwest

AT&T Inc has reached a tentative labor agreement with the Communications Workers of America covering 18,500 workers in the telecom service provider's Midwest region, the parties said on Wednesday.
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Website to publish sensitive hacked Twitter info

Popular technology news website TechCrunch plans to publish on Wednesday sensitive internal documents belonging to microblogging site Twitter, including financial projections, sent to them by an unidentified hacker.
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Microsoft's Bing gains on Yahoo, Google

Microsoft Corp's market share of the U.S. Internet search market increased modestly in June, the first month that it fielded its new Bing search engine, according to the latest data from research firm ComScore.
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Mid-day Minute - July 15 Tech

Microsoft Corp. unveiled some of the pricing for its cloud computing platform, Windows Azure. It will offer a discount of 15% to 30% to developers and resellers who agree to work with them for six months or more. In the pay-per-use category, the company will charge 12 cents an hour for computing, 15 cents per gigabyte for storage and 10 cents per 10,000 storage transactions.
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CBS, Scripps, Rainbow join Comcast Web trial

Comcast Corp has signed up CBS Corp along with 17 more cable networks to participate in the cable company's trial to make more television shows available to its subscribers on the Web.
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L.A. blogger sentenced for Guns N' Roses leak

A Los Angeles blogger who leaked new Guns N' Roses songs on the Internet before their official release on the band's first new album in 17 years, was sentenced to two months of home confinement on Tuesday.
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Intel trumps forecasts, bodes well for PC sector

Intel Corp's quarterly results and outlook blew past Wall Street forecasts on better-than-expected consumer demand for PCs, especially in Asia, setting an auspicious tone for the technology sector.

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