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BOSTON (Reuters)—Red Hats new chief executive said on Friday that the company will continue to pursue a business model under which it makes its software available at no cost and makes money selling services to businesses. “We are a mission-based company. Democratizing information is a social good,” Chief Executive James Whitehurst said in an interview […]

BRUSSELS (Reuters) – Chipmaker Intel has been granted a further short extension to respond to antitrust charges leveled by the European Commission, an Intel spokesman said on Friday. The response had been due on Friday but Intel will file instead on Monday, January 7, the spokesman told Reuters. The Commission in July, 2007, charged Intel […]

LAS VEGAS (Reuters)—With its plethora of gadgets that become outdated almost as soon as they are sold, the consumer electronics industry is an unlikely champion of the environment. But since information and communications technology is now estimated to cause more carbon pollution than aviation, and the European Union and other regulators are imposing ever stricter […]

NEW YORK/LOS ANGELES (Reuters) – Time Warner Incs Warner Bros studio on Friday said it would exclusively release high-definition DVDs in Sony Corps Blu-ray format, dealing a big blow to Toshiba Corps rival HD DVD technology. Some saw the move as an end to the war that has confused consumers and delayed the development of […]

SAN FRANCISCO (Reuters)—Plaxo, a site that helps users keep their friends contact information up to date, is considering a sale of the company for as much as $200 million, media reports said on Thursday. Plaxo is seeking as much as $100 million and has hired Revolution Partners to advise it on a deal, the New […]

NEW YORK (Reuters)—Intel Corp said on Thursday it will drop out of the One Laptop Per Child project and resign from the board after the projects board demanded the chipmaker stop supporting other efforts in emerging markets. One Laptop Per Child (OLPC), a nonprofit project run by MIT professor Nicholas Negroponte, aimed to sell $100 […]

NEW YORK (Reuters)—Motorola Inc, the worlds third biggest cell phone maker, on Thursday introduced a mobile media player that shows live television, on-demand video clips and programming saved on digital video recorders. Mobile TV, which is in the early stages of development, joins Web surfing and music as an emerging wireless feature expected to boost […]

BEIJING (Reuters)—The names of three banks and the word “stocks” beat “sex” to become four of the most Googled words in China last year, according to a Google China list seen on Thursday. China Merchants Bank, Industrial and Commercial Bank of China and China Construction Bank ranked second, third and sixth, according to a list […]

LOS ANGELES (Reuters)—DVD rental company Netflix Inc on Wednesday said it was developing a set-top box with LG Electronics Inc to let subscribers watch movies streamed directly from the Web to their TVs. Netflix, with about 7 million subscribers, has for quite some time said it was looking to extend its Internet movie delivery feature—which […]

SanDisk Corp said it signed a patent cross-license agreement with PNY Technologies to settle patent cases it filed against PNY regarding flash memory products. Under the terms of the cross-license, specific terms of which were not disclosed, PNY will pay SanDisk royalties on flash memory products that were not previously licensed. The agreement allows PNY […]