Yahoo will begin layoffs of thousands of employees next week and will announce a plan to restructure the company the week after that, according to a media report.

Yahoo declined to comment.

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Credit card giants Visa and MasterCard were scrambling on Friday to thwart cyber crooks who looted a massive trove of precious account data, evidently from a payment processor in New York.

Gartner an

Social-networking site Facebook is halting the sale of its shares on secondary markets effective next week as the company prepares to hold its initial public offering in May, according to a person fam

Facebook on Tuesday warned potential investors that a patent lawsuit against the company by Internet pioneer Yahoo! could deliver a significant blow to its business.

The world's leading online social

Apple announced on Monday that it sold three million of its new iPad tablet computers over the course of its first weekend on the market.

"The new iPad is a blockbuster with three million sold -- the

Apple scheduled an announcement Monday on plans for its huge cash balance, estimated to be at least $97 billion from its hugely successful gadgets like the iPad and iPhone.

An Apple statement said ch

Amazon.com shipped nearly 3.9 million Kindle Fire tablets in the last three months of 2011, making the online retail giant the world's second-largest tablet maker in the quarter, market research firm

The name Jaya in Hindi means victorious. And little Jaya Maharaj was just that, when she became one of the smallest recipients of a pacemaker when she was just 15 minutes old.

A team of doctors at St

Yahoo! chairman Roy Bostock announced on Tuesday he was stepping down from the board of the struggling Internet company along with three other directors.

Bostock, in a letter to shareholders, also sa

A US federal appeals court struck down a California law on Tuesday that strips gays and lesbians of the right to marry in the latest round of America's long-running battle over same-sex marriage.

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