TECHNOLOGY

Sprint Nextel Corp said it would pay Ericsson $4.5 billion to $5 billion to manage its network under a 7-year deal in which 6,000 Sprint workers will move to Ericsson. Sprint shares rose 4 percent.

Sprint Nextel Corp. has reached a long-rumored deal worth as much as $5 billion to turn over day-to-day management of its network to Ericsson. Ericsson will take over daily operations and maintenance of Sprint's voice, data, and wireline networks. It will also take on 6,000 Sprint employees.

Sprint Nextel Corp. has reached a long-rumored deal worth as much as $5 billion to turn over day-to-day management of its network to Ericsson.

Media executives at the exclusive Sun Valley conference in Idaho see the depressed economy taking years to turn around, News Corp Chief Executive Rupert Murdoch said on Thursday.

AOL, which is in the process of being spun off from Time Warner Inc, is reviewing assets it could sell or divest, but will likely keep its social networking site Bebo, CEO Tim Armstrong said.

AOL, which is in the process of being spun off from Time Warner Inc, is reviewing assets it could sell or divest, but will likely keep its social networking site Bebo, CEO Tim Armstrong said.

Coming to a living room near you -- 3D videogames.

For years it was the talk of the wireless industry: beaming television to the world's four billion cellphones would be the icon of the digital age. Now, just three letters are hastening the demise of that vision.

Chipmaker Broadcom Corp withdrew its recently sweetened $912-million bid for Emulex Corp on Thursday after the storage technology company rejected the bid as too low.

A fresh wave of cyber attacks that slowed U.S. and South Korean websites this week hit more targets on Thursday, a Web security firm said, while the South's spy agency has said the hacking may be linked to North Korea.

Coming to a living room near you -- 3D videogames.

A fresh wave of cyber attacks that slowed U.S. and South Korean websites this week hit more targets on Thursday, a Web security firm said, while the South's spy agency has said the hacking may be linked to North Korea.

The European Union needs new rules for Internet downloads that would make it easier for people to access music and films without resorting to piracy, the bloc's telecoms chief said on Thursday.

Google Inc plans to attack Microsoft Corp's core business by taking on the software giant's globally dominant Windows operating system for personal computers.

Japan's top wireless operator, NTT DoCoMo Inc, said it is in talks with some Asian mobile carriers for possible capital investment as it aims to seek growth overseas to counter the maturing cell phone market at home.

A fresh wave of cyber attacks that slowed U.S. and South Korean websites this week could come later on Thursday, a web security firm said, while the South's spy agency has said the hacking may be linked to North Korea.

EMC Corp won the bidding war for specialty data storage technology company Data Domain Inc on Wednesday as rival NetApp Inc pulled out, saying it would not match EMC's $2.4 billion bid.

News Corp is not interested in buying popular microblogging site Twitter and will not sell its struggling social network MySpace, chief executive Rupert Murdoch said on Wednesday.

Telecommunications giant AT&T struck back on Wednesday at Sen. Herb Kohl, chair of a congressional antitrust panel, saying the lawmaker's concerns about a lack of competition in the wireless industry were unfounded.

EMC Corp won the bidding war for data storage company Data Domain Inc as rival NetApp Inc pulled out, saying it would not match a $2.4 billion offer.

Online retailer Amazon.com has cut the price of its standard Kindle electronic reader by 17 percent to $299, the company said on Wednesday, the latest salvo in the war for digital readers.

Online retailer Amazon.com has cut the price of its standard Kindle electronic reader by 17 percent to $299, the company said on Wednesday, the latest salvo in the war for digital readers.

Amazon lowered the price of the popular Kindle 2 by $60 to $299 on Wednesday, just two months after it first introduced the e-reader into the market.

For the millions of people who spend hours glued to their computer screens chatting on social networks came the good news this year that they could finally get out more often.

News Corp Chief Executive Rupert Murdoch said on Wednesday that he is not interested in buying Twitter, the popular microblogging site.

Google said Wednesday it will launch an operating system for personal computers next year, taking direct aim at the dominance of Microsoft Corp's Windows franchise. The system, based on Google's Chrome web browser, is designed for all classes of PCs, from small netbooks to full-sized desktop systems, and will be available in machines from multiple PC makers in the second half of next year, the company said.

South Korean authorities issued a cyber security warning on Wednesday after the websites of government agencies and financial institutions were disabled by apparent hacker attacks, possibly linked to North Korea.

Google Inc is preparing to launch an operating system for personal computers next year, taking direct aim at the dominance of Microsoft Corp's Windows franchise.

A U.S. judge dismissed some damages claims in a copyright infringement lawsuit against Google Inc and its video-sharing Web site YouTube.com but left open the possibility that non-U.S. based rights owners could seek damages for live broadcasts, if they prevail.