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In 1714, the British government held a contest. They offered a large cash prize to anyone who could solve the vexing "longitude problem" — how to determine a ship's east/west position on the open ocean — since none ...

Apple profit jumps to $8.8 bn, but below forecasts

Apple on Tuesday reported a rise in its quarterly profit to $8.8 billion on hot iPad sales but missed lofty Wall Street expectations due, in part, to iPhone lovers waiting for a rumored new model.

Apple to pay dividend, start stock buybacks

Thirty-six years after its founding, Apple Inc. is finally loosening up its purse strings to reward shareholders directly, by instituting a dividend and share buyback program.

Report: Kodak may file for bankruptcy

An uncomfortable suspicion that an icon of American business may have no future pushed investors to dump stock in Eastman Kodak Co. Wednesday.

PayPal lets Facebook friends send cash

Online financial transactions powerhouse PayPal released an application on Thursday that lets friends send one another cash at leading social network Facebook.

Can Kodak rescue itself via a patent bonanza?

Picture this: Kodak - the company that invented the first digital camera in 1975, and developed the photo technology inside most cellphones and digital devices - is in the midst of the worst crisis in its 131-year history.

Polish bank claims Europe's first biometric cash point

Poland's cooperative BPS SA bank claimed Tuesday to be the first in Europe to install a biometric cash point allowing its clients to use their fingertips rather than a bank card to withdraw money.

Japan's DoCoMo eyes cash transfer by cellphone

Japan's top mobile telephone operator NTT DoCoMo said Wednesday it aimed to launch a new service enabling cash transfers simply by entering the recipient's cellphone number.

Intel CEO gets $12.4M in 2008 pay

(AP) -- The value of Intel Corp. Chief Executive Paul Otellini's compensation package rose slightly to $12.4 million in 2008, a year in which the chip maker's profit was whacked by a global slowdown in personal computer ...

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