With Yahoo! facing pressure from a corporate raider, the internet giant has reopened discussions on a tie-up with Microsoft, but for a new deal that would probably not be an outright takeover. The two firms said over the weekend that they were exploring new options two weeks after Microsoft withdrew its offer to acquire the struggling internet pioneer.
Most internet users already know it: spam is on the rise again as the senders of unwanted e-mail advertisements find new ways to circumvent filtering systems. A study released last month by the security firm Postini found that unwanted messages now account for 91% of all e-mail, and over the past 12 months the daily volume of spam rose by 120%.
United States authorities are raising the stakes against internet gambling with their biggest prosecution effort to date, but backers of online wagering are not yet ready to fold. An indictment unsealed on Monday charges the operators, British-incorporated BetOnSports, with illegally taking bets from US residents and failing to pay US taxes on $3,3-billion in wagers from the United States.
Enron's chief executives concealed key data before the company's 2001 collapse that would have shown two supposedly fast-growing businesses were "underperforming", a witness testified. Mark Koenig, the first witness in the fraud and conspiracy trial of Kenneth Lay and Jeffrey Skilling, said assurances from the chief executives masked major problems.