IBT Staff Reporter

Shares of Palm Inc. (Nasdaq: PALM) made slight gains Friday as the firm posted better than expected profits the day before.

Business software company Oracle Corp. (NASDAQ: ORCL) announced on Friday that it reached an agreement to purchase Tangosol Inc., a provider of in-memory data grid software, a move aimed at boosting its middleware offerings.

Executives from Borders Group, Inc. (NYSE: BGP) said in a conference call with analysts on Thursday that it will no longer use Amazon.com, Inc. (NASDAQ: AMZN) to sell its books, opting rather, to build its own website.

Nokia said on Thursday that it started shipping a new phone to selected markets which features integrated global positioning capabilities and a number of multimedia functions.

Hewlett Packard Co (NYSE: HPQ)announced it has signed an agreement to acquire Tabblo Inc., a privately-held developer of web-based software on Thursday.

Software firm Oracle Corp. (NASDAQ: ORCL) filed suit against its rival SAP AG on Wednesday, accusing the competitor of stealing intellectual property to offer 'cut-rate' services for its products.

Media giants NBC Universal and News Corp. (NYSE: NWS) said on Thursday that they have partnered with leading Internet content providers to create an online video site that is poised to challenge the current video leader, YouTube.

Coming on the heels of the first U.S. hedge fund to go public, private equity giant The Blackstone Group L.P announced Thursday that it has filed for an initial public offering which could raise up to $4 billion.

Shares of parcel delivery service FedEx (NYSE: FDX) fell slightly on Wednesday after the company said profitability for the year will be lower than its long term objective due to a slower economy.

Apple Inc. (Nasdaq: AAPL) joined the growing number of consumer electronics manufacturer's connecting the home television to the personal computer today, making its Apple TV set-top box available to consumers for the first time.

Matsushita Electric Ind. (NYSE: MC), owner of the Panasonic brand, maintained its leadership position in Plasma Display Panel production for the fourth quarter of 2006, while other manufacturers lost share according to new research.

Wall Street giant Morgan Stanley (NYSE: MS) reported record profit and revenue for its first quarter on Wednesday, with net income rising more than 60 percent from the previous quarter, giving the firm's shares a nearly 7 percent boost for the day.

Memory maker SanDisk (NASDAQ: SNDK) announced last night that it reached a settlement to a long-standing patent dispute with rival memory maker, Hynix, sending shares up over 3 percent in mid-day trading on Wednesday.

Chip maker Advanced Micro Devices, Inc. (NYSE: AMD) may be planning another round of price cuts and may be looking to tap financial markets to offset its negative cash flow, according to one research analyst.

Shares of software maker Oracle Corp. (Nasdaq: ORCL) rose nearly 2 percent in mid-day trading on Wednesday, following strong third quarter results.

U.S. stocks headed for a narrowly mixed opening Wednesday as investors await the Federal Reserve's latest take on the economy and any hint of the central bank's plans for short-term interest rates.

Semiconductor equipment sales reached a record breaking high in 2006 according to a new report, bringing in the highest revenues since the technology boom at the turn of the century.

Shares of memory technology maker Rambus (NASDAQ: RMBS) soared on Tuesday after anti-trust authorities delayed an order to that would have required the company cut royalty rates on its key patents.

Sony Corp. (NYSE: SNE) announced on Tuesday a list of titles from its previous Playstation 2 game console that will be compatible with its new Playstation 3 system, expected to make its European launch this Friday.

New Century Financial Corp. (OTC: NEWC) one of the largest companies offering subprime loans, disclosed Tuesday that it will no longer be allowed to sell mortgage loans directly to Fannie Mae or act as the primary servicer of any mortgage loans for the financier.

American workers shouldn't count on making up for inadequate savings by planning to work into their retirement years, since such plans are often doomed by unexpected health problems, Fidelity Investments said Monday in releasing findings of a retirement planning survey.

Major delays to Airbus' A380 superjumbo that led to a euro768 million ($1.01 billion) fourth-quarter loss made 2006 the worst year in European plane builder EADS NV's history, the co-chief executive officer said Friday.

Verizon Communications, Inc. (NYSE: VZ) said Thursday that its FiOS television and consumer broadband customers will have access to user-generated videos from Revver, a marketplace for viral videos.

The Walt Disney Co. said Thursday it will expand its successful Disney Cruise Line business by adding two new ships which could launch by 2011 and 2012.

The three-week worker strike against motorcycle maker Harley-Davidson, Inc. (NYSE: HOG) at its largest plant is over, as union workers ratified a new 3-year contract on Thursday.

Among the five Academy Award directing nominees, one name seems to be on everyone's lips: Martin Scorsese.

Cisco Systems, Inc.and Apple, Inc. said Wednesday that they have decided set aside legal hostilities in order to share the 'iPhone' trademark worldwide. They will explore opportunities for 'interoperability' in the areas of security, and consumer and enterprise communications.

January U.S. sales of Nintendo Co. Ltd.'s Wii video game system soared past consoles from rivals Sony Corp. and Microsoft Corp., according to the latest sales figures.

AT&T, Inc. (NYSE: T) said Wednesday that it has gained one of its largest contracts ever, a nearly $1 billion global networking agreement with General Motors (NYSE: GM).