Articles by ECT News Business

TiVo, one of the initial creators of television services for digital video recorders (DVRs), announced today that the Federal Communications Commission (FCC) has certified TiVo's technology protection of digital broadcast television The FCC determined that digital broadcast television content should be protected, but that protection should still en...

Siebel Systems and IBM today announced they will join to provide database support for Siebel's CRM suite on Linux. Siebel will work with IBM to extend support for Siebel 7.7 on DB2 Universal Database for Linux and provide support for Web Server and App Server tiers on future versions of Siebel CRM solutions next year....

America Online today announced the acquisition of Mailblocks, a personal, Web-based e-mail service known for using state-of-the-art technology to block spam and provide a streamlined, efficient e-mail user interface. Terms of the deal were not disclosed....

Halliburton announced today that it has reached a settlement in the investigation by the SEC involving Halliburton's 1998 and 1999 disclosure of and accounting for the recognition of revenue from unapproved claims on long-term construction projects "We are pleased to bring closure to this matter," said Dave Lesar, chairman, president and chief exec...

Siebel Systems, a leading provider of business applications software, today announced new enhancements in its comprehensive CRM suite for the energy industry, Siebel Energy 7.7, that further enhances its capabilities. The enhancements include functionality that enables energy and utility service providers to enroll, service and retain customers us...

Media giant Viacom and Internet sports content and e-commerce provider SportsLine.com announced today that they have signed an agreement for SportsLine.com to merge with a subsidiary of Viacom. Under the deal, holders of common stock of SportsLine.com will be entitled to US$1.75 per share in cash upon closing of the transaction, the companies said...

Electronic Arts announced an agreement to acquire Criterion Software Group from Canon Europe. With the acquisition, EA will assume Criterion's studio in Guildford, UK; two intellectual properties, Burnout and Black; and the RenderWare middleware technology. Under a previous agreement, Criterion's Burnout3 game is being published by EA and is sched...

IBM today announced it has entered into an agreement to acquire Cyanea, a provider of software that monitors and manages the performance of Web-based business applications. Cyanea is a privately held company based in Oakland, California. Financial terms were not disclosed. Upon closing, Cyanea's operations will be integrated into IBM's Tivoli syst...

DaimlerChrysler has substantially increased its second quarter operating profit from $0.8 billion to $2.5 billion The Chrysler Group, Commercial Vehicles and Services divisions significantly improved their earnings, though the operating profits of the Mercedes car group and the other activities segment were lower than in the same period of last yea...

Worldwide dynamic random-access memory (DRAM) revenue reached US$6.7 billion in the second quarter of 2004, a 19.8 percent increase from the first quarter of this year, according to preliminary results by Gartner. Hynix Semiconductor moved into the number two position in the second quarter of 2004 with revenue totaling $1.1 billion. The last time ...

IBM today announced it has entered into an agreement to acquire Cyanea, a provider of software that monitors and manages the performance of Web-based business applications. Cyanea is a privately held company based in Oakland, California. Financial terms were not disclosed. Upon closing, Cyanea's operations will be integrated into IBM's Tivoli syst...

Crude oil prices soared Wednesday, reaching their highest levels in 20 years after another violent day in Iraq and more bad news from Russia's Yukos renewed fears about supplies to the U.S. and other countries being impacted by terrorism During the trading day, prices for crude futures actually set an all-time high of $43.05, but later dipped back ...

Symbol Technologies, an enterprise mobility company, has reached an agreement to acquire Matrics, a company that designs and manufactures radio frequency identification (RFID) systems that are compliant with electronic product code (EPC) systems Privately held Matrics is based in Rockville, Maryland. The purchase price is $230 million in cash....

BMC Software today announced financial results for its fiscal 2005 first quarter ended June 30, 2004 BMC Software's net earnings excluding special items for the first quarter of fiscal 2005 were $32.1 million, or $0.14 per diluted common share, which compares to $0.03 a year ago and the company's revised guidance range of $0.11 to $0.14 provided ea...

Boston Scientific today announced financial results showing net sales roared up 71 percent to $1.46 billion in the second quarter over the same time last year, and net income skyrocketed by 200 percent, to $377 million "We experienced impressive growth across all our businesses and regions,and we are reporting new records in both sales and earnings...

Sun Microsystems reported results today for its fiscal fourth quarter and full fiscal year, which ended June 30, 2004. Revenues for the fourth quarter grew to US$3.110 billion, an increase of 4.3 percent as compared with $2.982 billion for the fourth quarter of fiscal 2003.

Federal Reserve Chairman Alan Greenspan said the U.S. economy is poised to continue expanding, and suggested that the sudden drop in consumer spending related to inflation will recede over time In closely watched testimony to the Senate Banking Committee, Greenspan said sharp price increases that may have slowed consumer spending -- especially in f...

Oil prices flirted with record high levels again today as a fresh round of sabotage attacks in Iraq revived fears that supplies to the U.S. could be impacted. Crude oil prices soared as high as $41.90 during the day in New York trading before settling to $41.64 at the close, a seven-week high.

Lindows.com and Microsoft today announced that the two companies have reached a worldwide settlement in the trademark-infringement cases between the two companies "This case was centered on the fundamentals of international trademark law and our necessary efforts to protect the Windows trademark against infringement," said Tom Burt, corporate vice ...

Terrorism fears rattled some markets around the world today as word that terrorists were reportedly eyeing the energy infrastructure of the U.S. drove oil prices back toward record levels again and helped drive stocks lower on the session. The markets managed to bounce off sessions lows, but finished in the red across the board. The Dow finished d...