Archive for May 12th, 2008

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XM Satellite Radio reported Monday more of the same as it limps toward a final decision on its proposed merger with rival Sirius Satellite Radio: Slower growth and wider losses.

The record-high price of gasoline is putting a strain on American motorists - and spurring some to shift their habits. Here are their stories.

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In an effort to expedite aid to Myanmar, hard hit by Cyclone Nargis, the Treasury Department announced Monday that it is removing the limit on funds that Americans are allowed to send to individuals.

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Sean Knapp had it made. As a young computer scientist, he couldn't have had a better gig: working at Google, the engineer's paradise. He had all the usual perks - a massage every other week, onsite laundry, free all-you-can-eat haute cuisine. Even better, he got to work on some of Google's highest-profile products, including the search technology that is the heart and soul of the company. And he made full use of his "20% time," that famous one day a week that Google gives its engineers to work on whatever project they want. A little over a year ago he and a couple of colleagues, brothers Bismarck and Belsasar Lepe, ages 28 and 21, respectively, did what many of the young geniuses do at Google: They came up with a cool idea, in this case a new way to handle Web video.

The wireless carrier's high churn rate contributed to its $505 million loss in the first quarter. By Michal Lev-Ram

EDS shares spiked after The Wall Street Journal reported Hewlett-Packard is near a deal to acquire the computer services company for $12 billion to $13 billion.