Web portal Sohu says profit down 20 percent

Sohu.com Inc., operator of a popular Chinese Web portal, said Monday its quarterly profit fell 20 percent due to higher expenses but revenues rose.

BlackBerry slashes jobs in face of $1B 2Q loss (Update)

It was once so addictive it inspired the nickname "CrackBerry." President Barack Obama confessed to being among the millions of devotees who couldn't bear to stop tapping feverishly away on its tiny keyboard. Madonna once ...

Amazon reports lower 1Q earnings, higher revenue

Amazon.com Inc.'s net income declined in the first three months of the year even though revenue increased 22 percent, as the online retailer continued to spend heavily on order fulfillment and rights to digital content.

Yahoo buys startup run by 17-year-old entrepreneur

Yahoo is buying London startup Summly, the maker of a mobile application created by teenage entrepreneur seeking an easier way to read news stories and other content on the smaller screens of smartphones.

Megaupload offers US deal on N. Zealand extradition

Megaupload boss Kim Dotcom on Wednesday offered to voluntarily leave New Zealand for the United States if prosecutors agree to release funds to bankroll his defence against online piracy charges.

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