Electronic Arts is buying videogame developers BioWare and Pandemic Studios from Elevation Partners in an $860 million deal intended to bolster its lineup.

  The Nasdaq swooned 1.4% Thursday in a late day selloff, as investors took profits from recently soaring stocks. Shares of Google, Apple and RIM gave ground.

  Sony Ericsson's net fell 10% despite a 31% jump in cellphone shipments driven by a push into emerging markets.

  AT&T said Stan Sigman, the executive responsible for bringing the iPhone to AT&T and integrating mobile operations with Cingular, is retiring as head of its wireless unit.

  3Com said Huawei won't have access to "sensitive" U.S. technology, aiming to allay concern over 3Com's proposed sale to Huawei and Bain Capital.

  Infosys Technologies said quarterly net profit grew 18%, but its new full-year forecast ignited worry that India's strong currency will hamper growth for software firms.

  Sanyo said it is in final negotiations to sell its mobile-phone operations to Kyocera, in a sign that Goldman Sachs and other investors who bailed out the electronics maker last year are getting their way.

  DirecTV is planning to offer as many as 100 channels of high-definition television by year's end, and cable companies are scrambling to keep up by reclaiming bandwidth and adding high-definition video on demand.

  The government has set aside $1.5 billion to subsidize converter boxes that make old TVs digital-capable, sparking a race for profits among a handful of manufacturers.

  Bush said he won't sign a new eavesdropping bill if it doesn't grant retroactive immunity to U.S. telecom companies that helped conduct electronic surveillance without court orders.