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TXU $45B Buyout Greenlights Clean Energy

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 ...

Online Merchants Can Block Phishing Attacks for Good. Really.

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 ...

Sanyo Earnings Probe Sends Shares South

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 ...

Blogger Gets Four-Year Jail Term for Insulting Islam

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 ...

Ten Scary Things About Home Networks, Part 1

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 ...

YouTube, CBS Talks End With a Whimper

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 ...

HP Earnings Surge on Notebook, Printer Sales

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 ...

Movie Downloads Coming Soon to the PS3

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, XM Forge Sat Radio Alliance

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 ...

Study: Data Center Power Usage Exploding

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 Taps Solectron Exec to Aid Revamp

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 ...

Monster, New York Times Team on Job Sites

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 Cable Cuts Loose, Goes Public

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 ...

Belgian Court Deals Copyright Blow to Google News

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 ...

PARC Licenses Search System, Aims to Upstage Google

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 ...

Huge Loss Forces Cuts at Alcatel-Lucent

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 ...

Mobile ESPN Resurrected on Verizon Wireless

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 ...

Kodak to Slash 3,000 More Jobs in Restructuring

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 ...

Cisco Earnings, Outlook Buoy Hopes for Tech Sector

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 ...

UK Researchers Hack Chip and PIN Security

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 ...

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