Yahoo Quits AOL Talks
Yahoo pulled out of discussions over buying a stake in America Online, leaving Microsoft and Google as the leading potential suitors of the Dulles-based Internet service provider. A Yahoo spokeswoman said that the Sunnyvale, Calif.-based online portal withdrew after chief executive Terry S. Semel and chief finance officer Susan Decker met in late October with executives of AOL's parent, Time Warner, in New York. AOL indicated last week that it was no longer interested in a partnership with Yahoo.
Interest in AOL comes as it transforms itself from provider of dial-up Internet access to a provider of free content that is tapping the recent boom in online advertising.
Gonzales Proposes Tougher Counterfeit Law
Attorney General Alberto R. Gonzales called on Congress to strengthen laws to punish counterfeiters of goods and allow authorities to seize homes and property bought from the proceeds of illicit sales. He said the Justice Department is proposing legislation to help prosecutors keep pace with technology.
The proposed bill would make forfeiture penalties the same as that of drug offenses, make it illegal to attempt to counterfeit goods and allow victims of copyright violations to receive restitution.
FCC Orders Digital Media to Carry Alerts
Satellite television and radio broadcasters as well as digital TV and radio stations must carry public alerts such as those issued during recent hurricanes by Dec. 31, 2006, the Federal Communications Commission ordered.
French Official Sees Governance Stalemate
The United States will not heed requests by the European Union and other countries to accept a multinational approach to running the Internet, a French government official said.
An international summit next week on how the Internet should be run was likely to end in stalemate, the official said. The United States has said an international body would slow innovation.
Dell's third-quarter profit fell on repair and restructuring charges. Profit was $606 million, down 28 percent from the comparable period last year. Sales came in at a company record of $13.91 billion, up 11 percent, but the quarter's results were hurt by $442 million in charges Dell took to repair a faulty computer component and costs related to restructuring.
Compiled from staff and news service reports.