Sales in Thomson Reuters’ media operations were dented, as the group saw top-line operating profit tumble 32 percent to $378 million on four percent lower sales of $3.2 billion. July-to-September sales in the unit, part of its markets division...

In its third round of layoffs this year, Microsoft (NSDQ: MSFT) says it is cutting 800 jobs across the company today. The software giant said in January that it would eliminate up to 5,000 jobs, in response to falling sales and profits. These represe...

A combination of cost savings and an increase in the number of subscribers and monthly bill rates pushed Comcast (NSDQ: CMCSA) past analysts expectations. Profits rose 22 percent to $944 million as revenue was up 3 percent to $8.8 billion, the latter...

Yahoo (NSDQ: YHOO) is testing a “search shortcut” that places real-time results above standard search results for some select queries, the company tells us. In a statement, Yahoo describes the initiative as a “test designed to disco...

Amazon posted big increases in quarterly net income and revenue Thursday; sales were up 28 percent, while net income jumped 68 percent at the e-commerce giant. Both figures easily topped analysts’ forecasts.

Jason Goldberg, the chief product officer of Xing, the European biz social network that Burda just bought a big stake in, is leaving the company with this deal, about 12 months after his social news startup Socialmedian was sold to the...

Part of the joy of following Bill Simmons on Twitter is the feeling that he doesn’t hold back—that, plus not only he can be snarky as all get out when the occasion demands, his tweets, snarky or not, are usually spot on. (He has one of the highest...

MySpace Music has now finalized a global licensing deal with the labels represented by Merlin, according to details tipped Friday to Digital Music News.  Both companies confirmed the relationship, thanks to resolution on a major sticking point related...

No sale yet for Nielsen Business Media (NBM) but most of it is about two weeks away from being acquired by a consortium led by James Finkelstein’s News Communications, paidContent has learned from multiple sources. We have also learned that Lachlan...

Sony keeps flip-flopping over adding music downloads to the PlayStation Network (PSN). After scrapping plans to add a music store to the gaming network—complete with the ability for gamers to port tracks to the handheld PSP—comes news that the company...