Ericsson warned its third-quarter result will be lower than expected due largely to a fall in mobile network sales. Shares plummeted on the news. (Statement)
LG Electronics reported an almost 15-fold increase in third-quarter net profit due to strong handset sales and hefty gains from its investment in LG.Philips LCD.
E.W. Scripps said it plans to split into two publicly traded companies: one to create national lifestyle media brands and the other to build local media franchises.
Telecom companies defended their cooperation with the government, offering in letters to members of Congress rare justification for allegedly aiding intelligence surveillance programs without court orders.
H-P has agreed to a $117.5 million settlement of a class-action suit over stock-options backdating at Mercury Interactive, a software firm H-P acquired last year.
Google unveiled technology to help fight video piracy on its popular YouTube video-sharing site and ease the concerns of critical media content providers.
AOL plans to eliminate another 2,000 jobs as the Time Warner unit continues a broad overhaul and plots its place within the media giant. (Text of AOL memo)
Nortel agreed to pay $35 million to settle SEC allegations that the company engaged in fraudulent accounting schemes aimed at disguising trouble at the telecom-gear maker.
The Supreme Court rejected an appeal by Microsoft and a unit of Best Buy, ending a bid by the companies to stop a class-action lawsuit over a joint marketing campaign for MSN Internet service.
Tektronix shares surged Monday on Danaher's $2.8 billion acquisition, while InfoSpace climbed on a sale of its mobile-services unit. The Nasdaq lost 0.9% in advance of a raft of tech earnings.
