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DENVER (Billboard)—Hoping to broaden its relevance to the music industry in the face of increasing competition from other social networking sites, MySpace will roll out a suite of services and initiatives as part of what company officials are calling MySpace Music 2.0. But a new policy at Universal Music Group (UMG), the worlds biggest record […]

WASHINGTON, D.C.—The Federal Communications Commission on Tuesday delayed until 12:30 p.m. EDT an open meeting to set rules for the sale of valuable wireless airwaves. The five commissioners had been due to meet at 10 a.m., but last minute negotiations over details delayed the meeting for the vote, according to the FCC. FCC Chairman Kevin […]

NEW YORK—Network equipment maker Cisco Systems Inc. and Apple Inc. said on Wednesday they had reached an agreement that allows both to use the “iPhone” name, after Cisco sued the iPod maker for using it for a new multimedia phone. Financial terms of the agreement were not disclosed. In a joint statement, they said both […]

There is an updated version of this story available. For the most recent version, click here. NEW YORK/SAN FRANCISCO (Reuters)—McAfee Inc. Wednesday fired its president and said its chief executive would retire after an internal probe into the software makers stock option practices, but shares rose more than 3 percent on hopes that the investigation […]

SAN FRANCISCO (Reuters)—Flextronics International Ltd., the worlds biggest contract electronics manufacturer, on Tuesday posted a small net loss as revenue declined and set financial targets below Wall Street expectations. Flextronics shares fell nearly 14 percent in extended hours trade on the Inet electronic brokerage following the news. Shares of other contract manufacturers also fell. “The […]

TOKYO (Reuters)—Japans Toshiba Corp. said on Thursday it may delay the year-end launch of its next-generation HD DVD players, potentially undermining its advantage as the first supplier to put such machines on the market. The company added, however, any change in the launch schedule would be intended to maximise potential demand for the new products […]

NEW YORK (Reuters)—Cingular Wireless on Monday posted a fourth-quarter loss as expenses rose due to its purchase of AT&T Wireless, but it added roughly twice the number of subscribers Wall Street expected. Cingular, the biggest U.S. mobile provider, posted a loss of $497 million, compared with a profit of $16 million a year earlier. The […]

WASHINGTON (Reuters)—A federal grand jury on Monday indicted six former executives of Time Warner Inc.s America Online unit and former business partner PurchasePro.com on charges of conspiracy to inflate revenues. The six men, including PurchasePros former chief executive officer Charles Johnson, were accused of conspiracy, securities fraud, obstruction of justice and wire fraud. In several […]