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Sony Is Still Feeling the Recession's Bite

The global recession continues to wreak havoc on Sony's earnings. On July 30, Sony said it posted a $271 million operating loss for the April-June quarter, down from a $772 million profit in the same quarter a year ago, and that revenues dropped 19%, to $16.8 billion. That wasn't as bad as Sony had predicted. But Chief Financial Officer Nobuyuki Oneda said the company expected stiff price competition in the electronics industry in the coming months and was sticking with earlier forecasts for an operating loss of $1.16 billion in the fiscal year through March 2010.

Baidu to Promote Discovery in China

Gigantic online search engine Baidu Inc. (NASDAQ: BIDU) opened a Chinese-language website on July 28, 2009 for the Discovery Channel, one of the world's most popular TV channels.

EPA Names Top Green Corporations

The U.S. Environmental Protection Agency recognized 20 entities Monday for running on their own green power. Combined, the top 20 corporations generate and consume more than 736 million kilowatt hours of on-site green power annually -- the equivalent of the electricity needed to power more than 61,000 U.S. homes annually, the EPA said.

A Silver Lining for Business Owners in California's New Budget

Critics of this year's budget wrangles in Sacramento aren't in short supply, but some folks go down in the winner's column. A recent change in the state's corporate income tax, enacted with the budget package, could help persuade some tech and biotech companies to stay -- or expand -- in the Golden State.

Apple Posts Strong Earnings

Apple posted third-quarter profits of $1.23 billion Tuesday on revenue of $8.34 billion, a record for a non-holiday quarter.

Microsoft's New Mantra: Save People Money

On Sept. 29, Microsoft Chief Operating Officer Kevin Turner got off a plane found that the Dow Jones index had fallen 777 points, or 7 percent, that day. Turner, who had spent 20 years working at Wal-Mart, returned to Redmond and e-mailed everyone at Microsoft. The company had a new message: Save people money. How successful that strategy has been should become clear Thursday, when Microsoft announces its sales and profit numbers for its fourth quarter and the fiscal year that ended June 30.

Samsung to Invest in Green Products

Leading South Korea technology company Samsung will invest 5.4 trillion won ($4.3 billion) until 2013 to make the company greener, the company said on Monday.

Microsoft Getting Some Respect with Bing

Until Bing, Microsoft's efforts to take on Google and Yahoo in the search business had become something of a laughingstock, and for good reason. Microsoft's repeated efforts to build a credible search engine had fallen flat, and the company's market share was near its low. Six weeks later, Bing has earned Microsoft something the company's earlier search efforts lacked: respect.

Facebook Offers Pathway to New Markets

Facebook allows small businesses that lack the advertising budget of global companies to reach the masses, and provides has tools that help nonprofit organizations spread the word about their causes and conduct fundraising campaigns.

PropertyRoom.com Auctions Seattle's Police-Seized Items

Inside the Seattle Police Department's property room, rows of bicycles, Christmas decorations, wheelchairs and other unclaimed or seized items gather dust until they're put up for auction. But bargain hunters no longer have to wait for police, or the King County Sheriff's Office, to schedule a public auction to score a deal. They now merely need to log onto a computer: PropertyRoom.com

Yahoo CEO Shuns Google Comparisons

Yahoo Chief Executive Carol Bartz asked shareholders to stop comparing the Sunnyvale Internet company to Google, its biggest rival, at a sparsely attended and subdued annual meeting Thursday morning. When asked why Yahoo continues to lag Google in financial performance and employee productivity, Bartz said it was time to stop comparing the companies to each other because they have different business models.

Judge Finds Dell in Contempt in Civil Case

A judge in New Orleans held computer-maker Dell Inc. in contempt Thursday for doing what she deemed a slipshod search of Michael Dell's e-mails.

LinkedIn Names New CEO

Online professional networking site LinkedIn has named former Yahoo executive Jeff Weiner as its new CEO, the San Jose Mercury News reported.

Microsoft Banks on Bang from Bing

Google and Apple get a lot of attention, but Microsoft is still the giant in the technology industry. Under the leadership of its energetic chief executive officer, Steve Ballmer, the company has more than 90,000 employees and $17 billion in annual income. After a speech on Friday, Ballmer talked about the future of mobile computing and Microsoft's new search engine (Bing).

Google Searches Help German Researchers Calculate Unemployment

Anybody wanting to see what impact the economic crisis has had on German unemployment won't have to wait until the figures are released at the end of the month, with an economic research group unveiling Wednesday a new method for calculating the numbers out of work.

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