Top Groupon exec jumps back to Google

Groupon revealed that the startup's chief operating officer was leaving after just five months for a job at her former employer -- Google.

Streaming revenue edges out CDs in US

Streaming has topped CD sales in revenue for the first time in the United States as music listeners flock to on-demand services and Internet radio, industry figures showed.

Holiday shopping online rockets in US

US consumers turned in record levels to the Internet for holiday shopping this year, further boosting online sellers' share of the huge national retail pie.

Lawmaker accuses Google of dodging taxes (Update 2)

An influential committee of British lawmakers accused search company Google of dodging its taxes on Thursday in a scathing report that said the U.S. Internet company took on highly contrived arrangements serving no purpose ...

Ericsson reports profit leap, shares slump

Swedish telecom equipment maker Ericsson reported Thursday a 65 percent jump in second quarter net profit on strong sales but this still fell short of expectations and its shares slumped.

Online sales in China up 66% year-on-year: report

Online sales in China in 2011 grew 66 percent from the previous year, with turnover totalling 780 billion yuan ($125 billion), according to a report cited by state news agency Xinhua Thursday.

Tax on Amazon purchases in Calif. begins Saturday

(AP)—Online retailer Amazon.com has tried to become all things to all consumers, but in California, it is about to take on a role it fought against for years: tax collector.

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