Tim Gray

UPDATED: New Yorkers have come a long way since the last transit strike 25 years ago. In that relatively short timeframe, the city has grown from business capital of the developed world into a true center of global commerce, with untold trillions of dollars in transactions whipping through an unseen network each day. Today, unlike […]

Security firm PandaLabs says a worm that spoofs Google (Quote, Chart) is wending its way through the Internet via P2P networks. Some downloaders hoping to snare free Star Wars games are unwittingly finding themselves installing the worm, P2Load.A, that spreads on P2P networks using the file-sharing programs Shareaza and Imesh, according to PandaLabs. The worm […]

Time Warner and Microsoft are reportedly in advanced talks over Redmond buying a big stake in the media company’s America Online unit. The New York Post, citing two unnamed sources familiar with the negotiations, said the companies are close to an agreement that would have Microsoft acquire a large stake of AOL, with the idea […]

For nearly two years The Mozilla Foundation has enjoyed continued success after releasing its revolutionary browser, Firefox. And much of that success was squarely on the underdog’s ability to eat into Microsoft’s Internet Explorer’s(IE) market share. Now, for the first time since its November 2004 release, Firefox has lost market share of total online use, […]

A computer worm slamming corporate networks running Windows 2000 operating systems continued to make the rounds today after slowing down numerous high profile organizations on Tuesday. The Zotob.B virus, which surfaced earlier this month after Microsoft warned of the security flaw, has already hit media outlets including ABC, CNN, The Associated Press and The New […]

Former WorldCom director of accounting Buford Yates has been sentenced to a year and a day in prison for his part in the massive fraud that led to the telecom’s bankruptcy in 2002. Yates, 48, pleaded guilty in Manhattan Federal Court in 2003 to conspiracy and securities fraud charges for his role in a falsifying […]

Former WorldCom founder and CEO Bernard Ebbers was sentenced today to 25 years in federal prison for his role in the massive accounting fraud that brought down the telecom giant, according to a report in the Wall Street Journal. Ebbers, 63, was found guilty in March on charges he ordered the telecom’s finances inflated to […]

Next stop for the Google toolbar is the open-source Mozilla Firefox browser, according to an e-mail posted on the Mozilla site. The July 1st e-mail, posted on Mozilla’s developer site, was penned under the name of Google engineer Fritz Schneider. ”I thought I’d drop you a note to give a heads up on something Google […]

IBM said it would lay off up to 13,000 employees, or about 5 percent of its workforce, as part of a restructuring plan to address a sagging global revenue picture. Most of the cuts are planned for its Europe operations, IBM said in a brief release Wednesday. As a result, IBM said it would take […]

With seemingly more CEOs crunching numbers in the courtroom than in the boardroom, and as a wave of legislation controlling corporate affairs rolls on, there is no shortage of reasons for high-profile corporate titans to be tossing and turning in their sleep. “We are moving from a period of corporate Watergate and we are cleaning […]