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Travel Web site Expedia posted higher-than-expected quarterly profit on increased bookings and a lower tax rate, sending its shares up.
Chinese Web search leader Baidu Wednesday said fourth-quarter net profits quintupled, but it cautioned that revenue growth was likely to decelerate sharply in the first quarter of 2007.
Did the Nasdaq Stock Market drop the ball in its drive to acquire the London Stock Exchange (LSE)? Not so, says Nasdaq CEO Robert Greifeld: his trading company simply "chose not to win." Greifeld spoke with CNBC's Scott Wapner about what short-circuited the combo that would've built a transatlantic leviathan.
Digital Music Group is making a deal with YouTube to make some of its videos, including 'Gumby', 'I Spy', and 'My Favorite Martian', available on YouTube, and some of its music, to be used in videos uploaded to YouTube. And NBC is introducing Tiki Barber as a new contributor to the Today show and NBC's Sunday night footbal.
Google was criticized by a group of major media companies for deliberately providing Internet traffic to Web sites accused of offering illegal film downloads, according to several people familiar with the matter, The Wall Street Journal reported Monday.
Cities across the country are rushing to go wireless – it’s cheaper to install, cheaper for users than cable, much faster than dial-up and generally more cost-effective all around. Yet municipalities are running into opposition as they attempt to transform their cities into Wi-Fi hotspots.
Netflix is the latest player to provide movies via the web for users to watch on PCs or media center devices connected to their TVs, but it’s a crowded and confusing field.
U.S. antitrust authorities said today they approved plans by online auctioneer eBay to buy sports ticket reseller StubHub for about $310 million in cash.
Disney CEO Bob Iger said the company is focusing on making improvements to its already strong film businesses with an emphasis on animated movies.
Amazon.com and TiVo will begin testing Wednesday a service that lets users watch videos rented or bought over the Internet directly on televisions, as part of a trend to link personal computers and TVs.
In an interview with CNBC's Julia Boorstin, Barry Diller said that recently sluggish sales growth at HSN was a "self-inflicted" problem for IAC.
Words from Apple's CEO are leaving a bad taste in the mouths of music company executives. Is Steve Jobs right when he says the music industry should get rid of its anti-piracy software?
News Corp.'s Web network MySpace has been in talks for several months with online auction company eBay about a partnership, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
NBC TV boss Jeff Zucker was named President and CEO of NBC Universal, replacing long-time CEO Bob Wright, who continues as vice chairman of parent company, General Electric Co.
Internet search is undoubtedly one of the most useful tools out there, but it’s never been synonymous with entertainment. Microsoft is hoping to change this – and maybe even beat Google at it’s own game – by launching an interactive search engine that aims to be both functional and entertaining at the same time.
Privately-held Nielsen said it would pay about $327 million to buy the 40% stake in NetRatings that it does not already own.
The Super Bowl consistently draws the largest single audience for a sporting event, making it very attractive to advertisers. That may be no coincidence given that the NFL is the best-run organizations in professional sports as evidenced by its decision to share revenue among large- and small-market teams to assure a healthy mix of teams reaching the Super Bowl. A dull game doesn't diminish interest among bettors who are playing the point spread.
Thursday's pre-orders for "Deathly Hallows" exceeded the first two weeks of pre-orders for its predecessor, "Harry Potter and the Half-Blood Prince," Seattle-based Amazon said.
The e-commerce bellwether reported a fourth-quarter profit of 23 cents a share, above expectations of 21 cents a share but down from 47 cents last year.
Google reported earnings of $3.18 a share, handily surpassing analysts' expectations. The online search and Internet-based products company was expected to report a profit of $2.92 a share, according to a Thomson Financial consensus estimate, up from $1.54 a share last year.