Former Nortel execs acquitted of fraud

Canadian telecom equipment maker Nortel said Monday it reached a deal to sell its enterprise solutions business to US-based Avaya for 475 million dollars pending approval of a bankruptcy court.

(AP) -- U.S. and Canadian judges have approved a $4.5 billion cash bid from a consortium that includes smartphone makers Apple and Research In Motion for patents held by bankrupt telecom-equipment maker Nortel.

Bankrupt Canadian telecom company Nortel was penetrated for at least a decade by hackers believed to have been operating from China, the Wall Street Journal reported Tuesday.

(AP) -- The $4.5 billion sale of Nortel's patent portfolio to a consortium including Research In Motion Ltd. cleared another hurdle Tuesday as the Canadian government said the deal does not need to be reviewed under the ...

(AP) -- U.S. and Canadian courts have approved Swedish wireless company LM Ericsson's $1.13 billion bid to buy next-generation wireless technology and other assets from insolvent telecom equipment maker Nortel Networks Corp.

An Indian court denied bail Monday to five top executives accused in a massive telecom scandal that has rocked the Congress-led government, saying the charges against them are too serious.

(AP)—News Corp. says its board of directors has approved plans to split its entertainment and publishing businesses into two separate companies.

The US International Trade Commission sided with Microsoft in a patent dispute with Google-owned Motorola Mobility that could have led to Xbox 360 videogame consoles being banned from import.

(AP)—Internet radio company Pandora reported higher-than-expected revenue in the latest quarter, with losses in line with analysts' forecasts, as the number of subscribers who pay for ad-free listening rose above 2.5 million.

Yahoo! pressed on with its shopping spree on Thursday with the acquisition of a startup that powers games played on smartphones, tablets, consoles or personal computers.

Hollywood will have the box office heating up this summer with dozens of blockbuster films. But whether a movie is a worldwide box office bomb or a box office bonanza has a lot to do with the culture and release strategy ...

Apple has asked a federal judge in Silicon Valley to add Samsung's new flagship Galaxy smartphone to the list of devices targeted in a patent lawsuit involving Siri personal assistant software.