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Hoping a narrow focus on product development and customer service will help it turn itself around, Nortel sold most of its major manufacturing plants to Flextronics, which will make Nortel's hardware on an outsourcing basis. ...

All economy watchers have turned their gaze to the Federal Reserve Open Market Committee today and tomorrow as the central bank weighs how much to boost interest rates in an effort to stem inflation without squelching the economic recovery ...

An unusual Web virus that was spread to user computers through infected Web site servers might be a Trojan capable of sending financial information back to the attacker. Microsoft said it helped law enforcement agencies identify and shut down the Russia-based site where the attacking code -- known as "Scob," "Download.Ject" or "Toofer" -- was emerging...

U.S. government data cast twin clouds on the big-picture view of the economic recovery Friday, saying economic expansion in the first quarter wasn't as strong as earlier reported, while inflation was actually higher than believed ...

Salesforce.com soared on its first day of public trading Wednesday as the second-most hotly anticipated technology IPO of the year -- behind only Google's still-to-come initial public offering -- gained 56 percent and valued the company at US$1.7 billion. ...

MasterCard International said it would launch an aggressive campaign against identity theft schemes that use phony Web sites to collect personal information from Internet users. The credit card company said it tapped NameProtect, a digital fraud-detection company, to scour the Web for so-called "phishing" schemes that attempt to dupe consumers into revealing personal information, such as credit card data, to sites that appear to be legitimate...

In its fourth quarter and as a result of higher demand for its handhelds and smartphones, PalmOne posted its first profit in its short history as a standalone company ...

IBM computers and Intel processors run the bulk of the world's 500 most powerful supercomputers, according to an annual ranking, which also found the performance of the top machines increasing quickly. ...

The deficit in the broadest measure of overseas trade tracked by the U.S. government grew to record levels in the first quarter as increased demand for foreign goods by American consumers far outstripped an increase in goods being exported ...

U.S. lawmakers considering a bill that would let Voice over Internet Protocol (VoIP) communication services expand with minimal government regulation were told the technology could become an underground network for terrorists and other criminals to communicate without detection ...

Oracle said increased license revenues from existing customers and a steadily improving economy helped drive a 15 percent increase in profit in the company's fourth quarter ...

Consumer prices surged higher in May, driven mainly by rising fuel and food costs, the government said in a report that is seen as the final piece of evidence needed to justify interest rate hikes ...

The dark side of an increasingly sunny economy revealed itself Monday when the Commerce Department reported that the U.S. trade deficit rose sharply to an all-time high of US$48.3 billion in April. ...

The vast majority of jobs lost to outsourcing stay within the U.S., with a small percentage actually ending up filled by overseas workers, according to a Department of Labor study. ...

The Bush administration said Wednesday it will not pursue an appeal of a court ruling that frees regional telecommunications giants from having to sell wholesale access to their networks to nationwide carriers at discount prices. ...

Count Jonathan Bingham among those who weren't all that surprised by the reputed breach of security that may have resulted in Cisco's guarded Internet Operating System source code being pilfered and posted on the Web. ...

Sales of mobile phones jumped sharply to record-setting levels during the first quarter, but longtime leader Nokia saw its share of the market fall to the lowest level in five years, according to a report from Gartner. ...

Attorneys for Oracle opened their challenge of the U.S. government's attempt to block the company's purchase of PeopleSoft by pointing to the recently revealed Microsoft and SAP merger talks as proof that the enterprise application business is much larger than regulators contend ...

General Motors will invest US$3 billion to expand operations in China in the next three years, a massive outlay of capital that will enable it to double its output in the country that is home to one of the world's fastest-growing economies. ...

Microsoft has won a patent related to the timing of button-clicks on handheld computers and similar devices, sparking concerns among some companies and industry observers that the software giant will attempt to reap licensing fees for what many view as a common practice. ...