Apple Inc is the target of a lawsuit that claims a technology the iPhone uses to surf the Web infringes on a patent filed by Los Angeles real estate developer Elliot Gottfurcht and two co-inventors.
The lawsuit was filed by EMG Technology LLC on Monday in the U.S. District Court in Tyler, Texas. EMG was founded […]

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Shares of Yahoo Inc soared 10 percent on Tuesday on hopes that the departure of Jerry Yang, its embattled chief executive, would clear the way for a deal with Microsoft Corp.
Yahoo announced late on Monday that Yang, whose leadership had come under growing criticism from shareholders after he failed to agree to a deal with […]

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Alarmed at the growing number of attacks off Somalia, international merchant shipping is edging closer to doing the unthinkable in peace time: by-passing one of world’s most vital trade routes.
Somali pirates have been plundering ships off the Horn of Africa for years, but the recent surge in attacks has spilled out into the Gulf of […]

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Federal District Judge Kenneth Karas in White Plains ordered that Mark Papermaster “immediately cease his employment with Apple Inc until further order of this court.”
Apple announced on Tuesday that Papermaster would lead the engineering teams making Apple’s highly successful iPods and iPhones and that he would report directly to Chief Executive Steve Jobs. On Friday […]