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The technology industry thrives on its ability to sell new products to consumers at an ever-increasing pace. But millions of users of nearly every type of Internet service and technology, from Netscape and AOL dial-up to old e-mail systems, still cling to older technologies.
On Tuesday, Time Warner's chief executive of Time Warner, AOL’s parent company, acknowledged weakness in the online pioneer's business and said he was open to combining AOL with another company.
The president and chief executive of the Walt Disney Company says his company is not recession-proof, but it is positioned well enough to avoid being badly hurt in an downturn.
Rupert Murdoch CEO of News Corp, spoke at Bear Stearns annual media conference today, weighing in on the U.S. economy. He said he's now "more pessimistic" about the economy. Though he also said that News Corp is well positioned to weather an economic downturn because only about 20 percent of the company's business comes from advertising...
ShoWest--the annual conference for movie distributors (divisions of media companies) and exhibitors (movie theater chains)--is underway in Las Vegas. This is where the movie studios show off their big products they hope will be blockbusters to get the theater owners excited to fill their seats.
After years of grand jury testimony, the trial of Anthony Pellicano, erstwhile private eye-to-the-stars, starts this week. Jury selection is underway in downtown Los Angeles.
The Dow snaps a losing streak as oil hits another all-time high. Get the news behind the headlines in the Word on the Street.
When in doubt, delay! That appears to be the strategy at Yahoo, where the company's board has authorized a deadline extension for outsiders to nominate their own slate of directors, which would have been next week. The new deadline will now be 10 days after the company announces the date of its annual shareholder meeting. This clock indeed is ticking...
Yahoo has extended a deadline for nominating candidates to its board, giving the struggling Internet pioneer more time to search for a white knight to help it fight off an unwanted takeover bid from Microsoft.
Yahoo and media conglomerate Time Warner have stepped up talks to create an alternative to Microsoft's offer to take over the Web company, the Wall Street Journal reported on Wednesday citing people familiar with the matter.
How do you profit as the business of print starts to perish?
Will Ferrell stumbled at the North American box office Sunday with his latest sports comedy, "Semi-Pro." The basketball spoof narrowly took the No. 1 spot with disappointing ticket sales of $15.3 million, its struggling distributor New Line Cinema said
Time Warner's new CEO, Jeff Bewkes just showed Wall Street that he means business about cost cutting and getting the company on track. He just made his first big move-- consolidating Time Warner's New Line studio into its separate and larger Warner Bros.
Banks begin reporting earnings March 10th. Will they issue warnings of further write-downs this week ahead of earnings? Also, your retail trades and options action in Cogent.
The 80th Annual Academy Awards brought the glamour and champagne back to Hollywood after a grim 100-day strike. John Stewart cracked the requisite jokes about the work stoppage -- calling the Oscars the "makeup sex" for the industry.
The new assassination thriller "Vantage Point" shot to the No. 1 spot at the weekend box office in North America while Oscar nominees "Juno" and "There Will Be Blood" enjoyed solid sales ahead of Sunday's Academy Awards ceremony.
You'd think the Academy Awards were controlled by studio moguls or movie stars. But the guys really holding the cards -- literally -- are a couple of accountants. Forget about George Clooney and Will Smith -- without Price Waterhouse Coopers, the show couldn't happen.
The Oscars are just around the corner--this Sunday night--but many people are buzzing that they don't seem as big of a deal this year. Well, they are still a big deal in Hollywood, and their slightly lower profile makes a lot of sense this year. For one thing, the writers' strike put the fate of the Oscars in jeopardy.
Wall Street was thrilled that Sony's Blu-ray has officially won the high def format battle. Sony's stock made gains Tuesday on the news that Toshiba will stop making HD-DVD players. This is the final piece in a long battle that dragged on for years, losing movie studios hundreds of millions...
Japan's Toshiba waved the white flag in the home movie war, giving up on its HD DVD format after losing the support of key studios and retailers to Blu-ray technology backed by Sony.