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A consortium of private equity firms agreed Monday to purchase Dallas-based utility TXU for a record US$45 billion, in a deal that was sealed with the help of environmental groups. As part of the buyout plan, TXU will shelve plans to build eight coal-fired power plants and also invest in "green" energy technology ...

Last month, Web-security firm MessageLabs said that for the first time ever it had recorded more e-mails bearing phishing attacks than those containing viruses or other malware ...

Consumer electronics giant Sanyo saw its shares lose more than 20 percent in overseas trading Friday after the company acknowledged that Japanese regulators were looking into past accounting practices ...

In a stark reminder of the perils some face when using the Internet to express themselves, an Egyptian blogger has been sentenced to four years in prison after being convicted of insulting Islam and the country's president in his writings ...

Bill Gates' US$135 million home outside Seattle is said to be networked to the nines, with Gates able to use his PC to control most of the houses' functions from afar ...

Google's efforts to convince video content owners to license their TV shows and movies to its YouTube video-sharing site may have hit another snag, with reports suggesting that a tentative deal with CBS may be unraveling ...

Hewlett-Packard posted first-quarter results Tuesday that featured a 26 percent jump in earnings amid strong sales of PCs, enterprise computer gear and printers ...

Sony plans to offer a video download service for its PlayStation 3 (PS3) gaming console, Phil Harrison, president of Sony's worldwide studios division, said in a recently published interview ...

Sirius and XM -- the two providers of satellite radio service in the United States -- on Monday announced a plan to combine operations in a US$4.6 billion merger, but by Tuesday the deal looked to face significant regulatory hurdles ...

Data centers in the United States are consuming 5 million kilowatts of energy per year, an amount equal to the power consumption of the entire state of Mississippi, according to a report released Thursday ...

Dell has hired the CEO of electronics manufacturerSolectron to head up a new division overseeing worldwide operations, the company announced Wednesday, as it bolsters efforts to regain its supply chain efficiency and low-cost edge ...

In a move that underscores the shift in classified advertising revenue from print to the Internet,The New York Times Co. on Wednesday announced a strategic alliance with Monster Worldwide to create cobranded job sites ...

Time Warner was finally able to complete the spin-off of its cable division Tuesday, a move that investors have long banked on as a way for the media giant to focus on growing its TV, print, movie and online businesses ...

Google suffered a legal setback Tuesday as a Belgian court ruled that the search giant violated copyright law by publishing portions of a newspaper's stories on Google News without prior authorization ...

Xerox's legendary Palo Alto Research Center (PARC) said Friday it would license Internet search technology to Powerset, a relatively young startup that aims to build a better search engine than Google ...

Alcatel-Lucent, the telecom gear-making giant created by their recent merger, said Friday it would slash its payroll by 3,500 more workers than previously planned after posting a sizable loss for the fourth quarter ...

Six months after pulling the plug on efforts to become a mobile virtual network operator (MVNO), ESPN Mobile has agreed to make its video, game scores and other content available on the Verizon Wireless network ...

Eastman Kodak announced Thursday it would cut 3,000 more workers from its payroll, bringing the total number of layoffs close to 30,000 as the once dominant photography company tries to reinvent itself in the digital age ...

Networking gear giant Cisco Systems on Tuesday posted strong quarterly earnings and issued an upbeat forecast, which drove the company's shares higher and may raise expectations for the technology sector as a whole during 2007 ...

As momentum builds behind two-factor authentication for increased security of sensitive and private data, two UK-based researchers say they have found a way that hackers can thwart the smart card and PIN (personal identification number) approach now being rolled out in England ...