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Despite much hype surrounding the Verizon iPhone launch, few customers were spotted purchasing the device this morning.

Nokia has ditched plans for a new smartphone and compared the company's plight to an oil platform on fire just days ahead of a key strategy presentation, according to industry sources.

Alliant Techsystems Inc. (ATK) is teaming up with EADS unit Astrium to develop a new low-cost space rocket launch vehicle that could take tourists into orbit. ATK and Astrium are working together in response to NASA's Commercial Crew Development-2 (CCDev-2) procurement and is offering NASA launch services with the Liberty rocket.

It's official: the Kyocera Echo is coming to Sprint.

French telecommunications rivals Orange, SFR and Bouygues Telecom have banded together to create an Internet payment company along the lines of eBay Inc's PayPal, French newspaper Les Echos reported on its front page.

K&L Gates has opened a new office in Brussels, Belgium, in its bid to expand its presence in Europe and has poached on two partners from McDermott Will & Emery to lead the office.

Amazon.com is developing a film streaming service, which would compete directly with Netflix Inc, the Financial Times said.

Intel Corp found a defect in one of its chips, hurting its credibility during a major product launch and at a time when demand for microprocessors in PCs is being threatened.

The White House will announce an effort on Monday to encourage job-creating start-up businesses in hopes of reducing the country's stubbornly high unemployment rate.

News Corp will launch its long-awaited digital newspaper created for Apple Inc's iPad on February 2, two weeks after the two companies were widely expected to introduce the new product.

Facebook has no plans to launch Facebook-branded phones with Taiwanese smartphone maker HTC, it said on Thursday, following reports that it planned to launch an official tie-up next month.

News Corp's new digital newspaper The Daily, designed for Apple's iPad, should launch in the next two weeks after some delays and will cost $0.99 per week, executive James Murdoch said on Tuesday.

Start-up Iway Mobile and Cellcom, Israel's largest mobile phone operator, launched on Sunday a communications, Internet and entertainment system for the automobile.

Internet search engine Google plans to launch Google Offers, its own version of online discount-coupon sensation Groupon, to help notify subscribers about deals in their area.

PC chipmaker Advanced Micro Devices Inc reported solid earnings and said there was no strategic shift toward the mobile market following the former CEO's recent departure.

Indian pharmaceutical company Dr Reddy's Laboratories Ltd on Thursday said it has launched a generic version of Protonix, a drug used to control the amount of acid in the stomach, in the United States.

Rumours began circulating yesterday that Apple's (AAPL) white Iphone 4 will finally start making its way to shelves form February 27th.

Apollo Group announces the launch of a school under University of Phoenix to provide ongoing education to adults and executives.

Space tourists will have the chance to strap in and fly to orbit beginning in 2013, as the company that sent up the first space tourists comes back from hiatus.

News Corp's will launch its long anticipated digital newspaper for tablet devices on January 19 at a joint news event attended by Chairman Rupert Murdoch and Apple Inc Chief Executive Steve Jobs, according to a person with knowledge of the plan.

Kevin Rose, founder of Digg and tech blogger, has written in his blog that the much-awaited iPad 2 could hit stores in two-to-three weeks, probably on the first day of the next month.