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Target faces big costs related to security breach

(AP)—History doesn't always repeat itself. The hit to TJX Cos. was minimal after it disclosed in 2007 a massive data breach of customer information at its T.J. Maxx, Marshalls and HomeGoods stores.

HP profit drops 17 pct; PC, ink sales stumble

(AP) -- Hewlett-Packard Co.'s quarterly profit dropped 17 percent on lighter sales of personal computers and printer ink, two of its biggest sellers and a sign that the woes in consumer technology spending dragged on beyond ...

Openings begin in Broadcom backdating case

(AP) -- A jury was set Friday to hear opening statements in the federal trial of former Broadcom Corp. Chief Financial Officer William Ruehle, who faces conspiracy and fraud charges in an alleged scheme to backdate stock ...

News Corp. puts Myspace on the block

News Corp. said Wednesday it was exploring a sale or other "strategic options" for Myspace, the ailing social network which has been eclipsed by Facebook.

FCC set to unveil rules for rural broadband fund

Federal regulators are set to reveal their plan Thursday for an overhaul of the $8 billion fund that subsidizes phone service in rural areas and for the poor, with the goal of redirecting the money toward broadband expansion.

Cisco to cut 4,000 jobs (Update)

Information technology giant Cisco announced Wednesday that it will cut 4,000 jobs, equal to five percent of its workforce.

Germany's Infineon needs state guarantees: report

German chip maker Infineon is in negotiations with the government over state guarantees worth several hundred million euros (dollars), the Welt am Sonntag paper reported Sunday.

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