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Times wires
Posted: Aug 30, 2010 10:58 PM


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Starbucks is set to debut its latest caffeinated concoction, as the coffee giant will offer four new, slightly sweetened varieties of its successful Via instant brew. The flavors — mocha, vanilla, caramel and cinnamon — will be sold in Starbucks stores this fall, though no date has been announced. The single-serve packets will be added to grocery store shelves early next year. Launched nationwide last September, Via racked up more than $100 million in worldwide sales in the 10 months since its debut.

MySpace, which recently revamped itself to look more like Facebook, is now allowing users to synch their posts to Facebook, too. That means people on Facebook can see their friends' MySpace items without leaving Facebook. MySpace users will also be able to share music, videos, game applications, links and photos across both social networking sites. The changes announced Monday are part of an overhaul at MySpace, which has faced falling advertising revenue and stagnant user growth.

Intel, the world's top computer chip maker, is buying the wireless communications unit of Germany's Infineon Technologies for $1.4 billion in cash. Intel, which has tried with limited success to get its chips into cell phones, is hoping to change that by buying Infineon's wireless business, which makes chips for smart phones such as Apple's iPhone. It's a problem Intel is urgently trying to fix because the smart phone market is too lucrative for Intel to remain a bit player. Intel's chips are criticized as being too power-hungry for today's smart phones.

$10 billion

Amount in its own shares Hewlett-Packard's board has authorized to repurchase, allowing the computer maker to manage share dilution from employee stock plans

"We think this is a good deal for both sides."

Jane Seagrave, Associated Press' chief revenue officer, after a new licensing deal was reached with Google to allow the Internet giant to continue posting AP content

The bottom line: Technology company 3M to pay $933 million to buy Cogent, which develops automated systems that read finger and palm prints … Chrysler tells 400 dealers about plans to bring Fiat brand back to U.S. after 30-year absence, starting with Fiat 500 minicar later this year


[Last modified: Aug 30, 2010 10:58 PM]

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