COMPANIES

ConocoPhillips Refining Dampens Company's Earnings

ConocoPhillips
ConocoPhillips, the third largest energy company in the U.S., is expected to post higher fourth-quarter earnings as soaring crude oil prices offset big losses anticipated in the company's refining operations.
A new Megaupload venture called Megabox that would've given music artists 90 percent of all revenue, and would've paid them for free downloads, giving them leverage against the Recording Industry Association of America.

Megaupload Shutdown: How MegaBox Would've Made Mega Millions

After Megaupload's entire service was shut down and its founders arrested, a new report has emerged, which details a new Megaupload venture called Megabox that would've given music artists more money than and leverage against the Recording Industry Association of America.
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Megaupload Effect: FileSonic Stops File Sharing Too

Megaupload Effect: FileSonic Stops File Sharing Too

In the wake of the shutdown of file sharing Web site Megaupload and the arrest of its founder Kim Dotcom, a second site offering a similar service - FileSonic - appears to have been somewhat unnerved and cut down on the circulation of pirated Hollywood content.
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Euronet Reports Breach at European Business

Payment processor Euronet Worldwide Inc said a small portion of its European business was the target of a criminal security breach late last year, sending its shares down as much 6 percent.
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VMware Profit Beats Street View; Shares Rise

Software maker VMware Inc reported profit ahead of Wall Street expectations and released an outlook ahead of some forecasts, raising hopes that technology spending will grow this year, even as some warn that the economic outlook is grim.
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Texas Instruments Revenue Beats Street

Texas Instruments Inc on Monday reported higher-than-expected fourth-quarter revenue as demand for its chips improved more quickly than it had forecast.
Apple's iBooks 2 for iPad has been downloaded 350,000 times in its first 3 days. There's a reason why users are downloading this app at such a high rate: The education industry has been needed this app for a long time.

Apple iBooks 2: Why Users Downloaded 350K in 3 Days

Apple's iBooks 2 for iPad has been downloaded 350,000 times in its first 3 days. There's a reason why users are downloading this app at such a high rate: The education industry has been needed this app for a long time.
Laura Garza: Michael Mele confesses to killing

Laura Garza: Suspected Killer Michael Mele Confesses

Michael Mele, a convicted sex offender, admitted to killing Texan dancer Laura Garza after he met her at a Manhattan nightclub three years ago. A judge agreed to sentence him to 23 year on manslaughter charges and 16 months to four years on evidence tampering.
Thorsten Heins has replaced Mike Lazaridis and Jim Balsillie as the president and CEO of RIM, the maker of BlackBerry. He will need to right the ship's course before moving forward.

Thorsten Heins: Who is RIM's New CEO?

A result of flagging sales and optimism, Research in Motion (RIM) decided to replace its two co-CEOs with Thorsten Heins, RIM's former COO of product engineering. But who is the new leader of BlackBerry?

ThyssenKrupp, Outokumpu Discuss Tie-up

Germany's ThyssenKrupp and Finland's Outokumpu are in early talks over a stainless steel tie-up, moving towards the long-awaited consolidation of a sector that has struggled to battle overcapacity and cheap Chinese imports.
A RIM logo is seen at the Research in Motion headquarters in Waterlo

RIM New CEO, Chairman Positive but Still Tough Near-Term: Analyst

Research In Motion Ltd. (NASDAQ: RIMM) said its Co-Chief Executive Officers (CEO) Jim Balsillie and Mike Lazaridis have stepped down. They have been succeeded by Chief Operating Officer Thorsten Heins, as President, CEO and Director of the company, effective immediately.
Research in Motion co-CEO Jim Balsillie and President and co-CEO Mike Lazaridis listen during the annual general meeting of shareholders in Waterloo

RIM's Co-CEOs Resign, Thorsten Heins Takes over

Research In Motion's Mike Lazaridis and Jim Balsillie have bowed to investor pressure and resigned as co-CEOs, handing the top job to an insider with four years at the struggling BlackBerry maker.
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Apache Paying $2.85B for Cordillera Energy Partners

U.S. gas producer Apache (APA.N) is to buy privately owned oil and gas company Cordillera Energy Partners III in a cash-and-stock deal valued at $2.85 billion to expand its acreage of oil and petroleum liquid fields.

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