Olympus plans $3.38 billion debt reduction: Nikkei
Olympus Corp offered a plan to cut its debt by about 260 billion yen ($3.38 billion) over the next three years to maintain ties with creditors amid a deepening scandal, the Nikkei business daily reported.
ConnecTV strikes deal with 10 broadcast groups
Start-up company ConnecTV, which will track television viewers' watching habits and connect them to other viewers via social media, has struck a deal with 10 TV station groups that collectively cover 76 million U.S. households., the company announced Tuesday.
HFPA pushes for January trial over Globes TV rights
The Hollywood Foreign Press Association is pushing for a January trial date in its legal battle against Dick Clark Productions over who controls the television rights to the Golden Globes.
Qualcomm keeps long-term growth target
Qualcomm Inc on Wednesday affirmed its long-term growth target of at least 10 percent for annual revenue and earnings per share, citing strong demand for smartphones and other wireless devices.
Singer Adele on the mend after throat surgery
British singer Adele said she was on the mend after undergoing microsurgery in Boston to treat a benign polyp on her vocal cords.
Witness in Jackson doctor trial fined $250
A defense witness in the involuntary manslaughter trial of Michael Jackson's doctor was fined $250 on Wednesday, but escaped sanction for calling another witness a scumbag.
'Skyrim' Sells 3.5 Million, 'Oblivion' Gets Cheap
Bethesda's newest fantasy role-playing game The Elder Scrolls V: Skyrim is doing pretty well in the sales charts. The game sold 3.5 million copies during the first two day on physical and digital shelves. Skyrim's predecessor, The Elder Scrolls IV: Oblivion, gets a 75 percent off discount on the Steam store.
Basketball-Duke coach Krzyzewski gets milestone win
Duke coach Mike Krzyzewski moved past his mentor Bob Knight to become U.S. Division I college basketball's all-time wins leader on Tuesday.
NCIS leads CBS to ratings win as Biggest Loser drops
NBC's weight-loss series The Biggest Loser, which suffered the loss of host and trainer Anna Kournikova and nutritionist Cheryl Forberg this week, dropped 13 percent in the ratings Tuesday night.
YouTube content push: walls between internet, TV crumbling
YouTube's new premium content push featuring the likes of Madonna and Ashton Kutcher spurred speculation that the Google-owned site is issuing a direct challenge to the television industry.
Hollywood talent agency leases new Beverly Hills digs
United Talent Agency has signed a lease for its new global headquarters, real estate developer Tishman Speyer announced Tuesday.
Without NBA, networks look for alternative programming
Networks are prepared to miss the first few months of a delayed NBA season. But now that it looks like the entire season could be canceled, TNT, ESPN/ABC and the league's other broadcast partners have to make some serious programing decisions.
Lawsuit dropped, but Bieber baby claim lingers
The woman who claimed teen singer Justin Bieber fathered a baby with her has dropped her paternity lawsuit, but Mariah Yeater's lawyer said on Wednesday she is pursuing her claim out of court.
Drake is one lonesome Hip-Hop lothario in Take Care
Drake certainly didn't invent hip-hop solipsism. But the genre's newest superstar proves more intriguingly introspective than most on Take Care, a solid sophomore effort that's destined to have hundreds of thousands of eager buyers also gazing into his navel this week.
UAE says Rafale proposal unworkable
A long-awaited French deal for Dassault to sell at least 60 Rafale fighter jets worth an estimated $10 billion to the United Arab Emirates hit a new snag on Wednesday when it said proposed terms were uncompetitive and unworkable.
James Madison University Bus Crash Kills Pedestrian
A James Madison University bus struck and killed an 18-year-old freshman.
Wall St. falls as Europe offsets U.S. gains
Stocks fell on Wednesday as warnings about the impact of Europe's debt crisis on the global economy kept investors cautious, but optimism about the U.S. economy limited losses.
Verizon 4G Network to Expand to New Markets
The company announced Wednesday that it was expanding its 4G network to 14 new markets on top of the 165 markets already covered.
Google music service faces big hurdles--and rivals
Social media and mobile communications will be the two big targets for Google Inc when it unveils a new music store for users on Wednesday, according to four people familiar with its plans.
Verdict reached in Rambus case-court: spokeswoman
The jury has reached a verdict in an antitrust case brought by Rambus against Micron and Hynix, according to a court spokeswoman.
Huawei says focus has shifted fully to margin
China's Huawei Technologies , which has aggressively grabbed around the fifth of mobile telecom gear market, has shifted its focus on improving its margins after it has got a large enough foothold in the market, a company official said.
Manson Follower 'Tex' Watson Seeks Parole Again
Former Charles Manson follower Charles 'Tex' Watson is seeking parole for the fourteenth time this week. He has been in jail since 1971 for the Tate/LaBianca murders committed by the infamous 'Manson Family' in 1969.
Factbox: Banks to cut more than 120,000 jobs
Banks are shedding jobs worldwide as stricter regulations and a tough six months for trading income take their toll on investment banking units.
Xbox 720 Rumors Say the Cloud is Coming
According to the rumor mill the successor to the Xbox 360 could be some sort of cloud-gaming hybrid mixing physical discs with an online service. Analysts have been busy trying to figure out Microsoft's next move.
Western Digital, Hitachi deal to win conditional EU nod: sources
Western Digital is set to win EU regulatory approval to acquire Hitachi Ltd's <6501.T> hard disk drive business after agreeing to sell some operations to alleviate competition concerns, two persons familiar with the case said on Wednesday.
Google to unveil online music download store: report
Google Inc is expected to unveil on Wednesday an online music download store featuring songs from three major music companies, the Wall Street Journal reported, citing people familiar with the matter.
Citigroup to cut jobs, total could top 3,000
Citigroup In c may cut slightly more than 3,000 jobs, becoming the latest U.S. bank to eliminate positions, a source familiar with the matter said.
AT&T Customers Stay With Carrier Despite iPhone Competition
Despite AT&T receiving competition in iPhone sales from Sprint and Verizon, the company's churn rate is stable.
Kris Humphries Blindsided, Hurt by Divorce with Kim Kardashian (PHOTOS)
Kris Humphries looked so miserable and gloomy when he was photographed landing in NYC on Monday - two weeks after his estranged Kim Kardashian filed for divorce.
Fannie, Freddie executives defend pay packages
Top executives at Fannie Mae and Freddie Mac on Wednesday defended their companies' pay practices which have drawn opposition after it was disclosed the government-controlled firms were paying out nearly $13 million in executive bonuses.