YANGON, May 28- Myanmar scrapped a proposed 5 percent tax on mobile phone top-up cards after lawmakers voted against the levy, the state-owned Global New Light of Myanmar newspaper said on Thursday, as one of the world's once least connected nations fast catches up. Following the reforms, people in Myanmar have been buying smartphones and topping them up en masse.» Read More
Is there no end in sight for Google and its shares? Last week when the company was oh-so-close to $600, I wrote that price targets would be on the move now that the company was teasing investors with yet another key milestone on its journey to the stratosphere, and sure enough, Bear Stearns revised its 52-week target to $700 just two days later.
Niklas Zennstrom, co-founder of Internet telecom group Skype, said on Tuesday he agreed the original valuation put on the company by purchaser eBay was too high.
U.S. Web giant Yahoo will subscribe for 10% of the shares to be sold by China's largest e-commerce company, Alibaba.com, according to a term sheet, in an initial public offering that is expected to raise roughly $1 billion.
Sony's U.S. video games operation has created an advertising unit that will promote brands and products inside games such as its upcoming "Home" virtual world, the company said Monday.
Microchip maker Spansion said it will acquire Israeli flash memory developer, Saifun Semiconductors, in a stock and cash deal valued at $368 million to expand into technology licensing business.
MSNBC Interactive News said it acquired Newsvine, a small Seattle startup that lets visitors read and comment on news stories from mainstream media outlets.
The recent rush by major Internet portals to buy advertising companies and extend their sales networks is a sign that the business of being a one-stop shop for information and entertainment isn't what it used to be.
Microsoft said Friday that Bungie, the crown jewel of its video game unit that was behind its hit "Halo" franchise, will become an independent company.
When you hear the names Intel, Qualcomm and Texas Instruments, healthcare isn’t the first thing that comes to mind, but that could change.
Shares of Research in Motion took a bit of a hit in after-market trading the moment its earnings were released. Seems like a classic "sell on the news" kind of reaction, but this stock could yet turn around during the company's conference call.
U.S. online advertising revenue surged to a new high of nearly $10 billion in the first half of the year, rising 27 percent from a year before, according to data released Thursday.
Microsoft announced Thursday that its “Halo 3” game achieved more than $300 million in sales in the first week of sales.
So close, but so far yesterday, and now it appears investors will have to wait a little longer for Google to hit that magic, $600 a share milestone. This isn't quite "Dow 10,000," but the numbers are nothing short of staggering.
Apple, which introduced a new line of iPods in early September, has managed to stay one step ahead of the competition--so far.
Billionaire investor Carl Icahn has boosted his stake in BEA Systems to 11.05% of the business software maker, which he is urging to put itself up for sale, according to a U.S. regulatory filing.
Japanese electronics giant Sony and Germany's Bertelsmann won competition clearance from the European Commission on Wednesday for their recorded music joint venture.
Microsoft's new lineup of Zune digital media players will be made by contract manufacturer Flextronics International instead of Japan's Toshiba, which made the first Zune.
Internet choices are dizzying -- but Fetchback says its technology can bring customers back to your Web site. Chad Little, Fetchback founder, tells CNBC's Bill Griffeth how it works.
Sales of flash memory chips used in digital cameras and music players surged 48% in August. The experts at CNBC's "Fast Money" tell how to play this boom.
I remember when eBay bought Skype for that staggering $3.1 billion and scratching my head, wondering what the connection was. I remember talking to CEO Meg Whitman soon after the deal was announced, listening to her tell me that Skype would make as much sense and be as important to eBay as PayPal was. I remember nodding, listening.