• Google Clicks Past Estimates, But Profits Decline

    Google said Thursday the Web search market remained strong in the fourth quarter, helping the company post better-than-expected earnings and stronger click rates. But even though Google's operating profit rose sharply, the Internet giant posted the company's first decline in net profit. Google reported aggregate paid clicks, which include clicks related to ads served on Google sites and the sites of its AdSense partners, rose 18% over the fourth quarter of 2007. ...Read the whole story

  • Microsoft Confirms Layoffs, Earnings Fall

    Issuing a surprise earnings report before the opening bell Thursday morning, Microsoft announced a drop in earnings for its fiscal second quarter, along with plans to lay off as many as 5,000 employees. For the period ended Dec. 31, Microsoft reported net income of $4.17 billion, or 47 cents a share, compared with net income of $4.7 billion, or 50 cents a share, year-over-year . ...Read the whole story

  • Digg Sheds 10% Of Workforce In Push For Profitability

    Social news site Digg Thursday confirmed it plans to lay off 10% of its 75-person workforce as part of wider efforts to make the company profitable in 2009. The cutbacks come amid slowing audience growth at Digg and the broader pullback in online advertising that has led to staff reductions at hundreds of Internet and high-tech companies in recent months. ...Read the whole story

  • House Committee Signs Off On Broadband Expansion

    A new program aimed at expanding broadband availability advanced in Congress Thursday when the House Energy and Commerce Committee approved the measure. And, in a victory for broadband advocacy groups, the measure incorporates net neutrality principles. ...Read the whole story

  • Report: Mobile Apps Key For Financial Institutions

    With increasing consumer familiarity and growing ease of use, mobile applications for financial services companies -- particularly banks -- could become the new "killer app" for telecommunications. The number of people banking through a mobile device could hit half a billion worldwide by 2013, according to ABI Research. ...Read the whole story

  • Veoh Debuts Video Recommendation 'Compass'

    Online video provider Veoh Networks has launched a browser add-on that displays relevant video recommendations when a user is searching a topic on popular sites including Google, Amazon, Yahoo and AOL. ...Read the whole story

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