MUMBAI (Reuters) - Microsoft Corp Chief Executive Steve Ballmer said on Monday his firm's acquisition of a 1.6 percent stake in socializing Web site Facebook for $240 million was an important investment, not a mistake.
NEW YORK (Reuters) - Time Warner Inc said on Monday Chief Executive Richard Parsons will step down on January 1 and be replaced by Chief Operating Officer Jeffrey Bewkes, stoking expectations that big changes lie ahead for the world's largest media company.
NEW YORK/SAN FRANCISCO (Reuters) - Google Inc on Monday spelled out long-rumored plans to enter the mobile phone market in 2008 by building software that could help the industry make the Internet run more easily on phones.
LOS ANGELES (Reuters) - As a strike by Hollywood screenwriters throws dozens of television shows into production turmoil, a new series aimed at TV's target audience of young adults is headed for launch on the Web -- not television.
NEW YORK (Reuters) - Circulation fell at many U.S. newspapers in the six months to September, according to statistics released on Monday that for the first time include Internet readership in a bid by publishers to boost their attractiveness to advertisers.
LONDON (Reuters) - Australian singer Kylie Minogue capped her comeback from breast cancer on Monday with a new single and the launch of a mobile phone social networking site that its designers said was a first for a major pop act.
NEW YORK (Reuters) - IAC/InterActiveCorp Chief Executive Barry Diller said on Monday he is open to discussions about options for the Internet conglomerate's business divisions before they are spun off.
LOS ANGELES (Reuters Life!) - It was, when she looks back on it, a fairly routine disaster. Late one Sunday, after a busy weekend with three kids, working mother Romi Lassally was staring down at a pile of her son's vomit in her hallway.
NEW YORK (Reuters) - As investors bet on the future of social networks, some of the biggest players in the field are due to unveil this week ways of piping in advertising to the most personal of media formats.
