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NEW YORK (Reuters) – Shares of Sun Microsystems Inc. tumbled 23 percent on Monday after the company rejected rival computer and software maker International Business Machines Corp.’s $7 billion offer. Sun shares fell to $6.52 in early morning trading after Sun pulled the plug on the deal which might have spelled the end of an […]

MELBOURNE (Reuters) – Caught Twittering or on Facebook at work? It’ll make you a better employee, according to an Australian study that shows surfing the Internet for fun during office hours increases productivity. The University of Melbourne study showed that people who use the Internet for personal reasons at work are about 9 percent more […]

NEW YORK (Reuters) – Spansion Inc., the world’s third-biggest maker of flash memory chips, sought bankruptcy protection in a U.S. court on Sunday, becoming the latest chip maker to succumb to falling chip prices and a deepening recession. Spansion, which recently said it was exploring a sale of the company, said it plans to use […]

Security software maker McAfee Inc. reported slightly higher-than-expected quarterly profit and forecast revenue for the current quarter above Wall Street’s expectations, as viruses and malicious programs increasingly flood the market. Sales of security software — applications that guard computers and servers against bad software and viruses — were holding up well in the economic downturn, […]

Google said that for nearly an hour on Saturday, users got an erroneous message when they did searches on many sites, saying, “This site may harm your computer.” The problem began at 9:30 a.m. ET and ended at 10:25 a.m. ET “What happened? Very simply, human error,” the company said on its blog. Google said […]

HELSINKI (Reuters) – Nokia is looking to challenge Blackberry-maker Research in Motion’s (RIM) dominance in mobile e-mail as corporates cut spending amid economic slowdown and the market focus shifts toward retail consumers. RIM created the market for mobile e-mail and its dominant position in the corporate sector has protected it from Nokia’s attempts to crack […]

TOKYO (Reuters) – Japan’s Toshiba Corp said it is in talks to buy Fujitsu Ltd’s hard-disk drive business, a deal that would create the world’s largest maker of small hard drives and is reportedly worth $340-$450 million. Shares of Toshiba and Fujitsu surged more than 5 percent on the news as analysts said the deal […]

(Reuters) – International Business Machines said on Wednesday it became the first company ever to win more than 4,000 U.S. patents in a single year, citing a new report from research firm IFI Patent Intelligence. IBM said it earned 4,186 U.S. patents in 2008, more than triple the number of patents earned by rival Hewlett-Packard. […]

LONDON (Reuters) – Vodafone Group Plc is to make a cash offer for a Swedish navigational software firm to help improve its mobile Internet offering by providing local search, advertising and direction services. Vodafone, the world’s largest mobile phone group by revenue, has targeted growing mobile data revenues as the mobile market becomes saturated, and […]

WASHINGTON (Reuters)-U.S. employers axed payrolls by 533,000 jobs in November, the most in 34 years and far more than expected, government data on Friday showed, as the year-old recession hammered every corner of the U.S. economy. U.S. stock markets opened lower, oil prices and the dollar weakened and U.S. government bond prices rallied as the […]