HP shows off new netbook, ultra-light PCs

SAN FRANCISCO - Hewlett-Packard Co HPQ.N is unveiling a host of cost-conscious PC products, including a new netbook targeted at professionals, a pair of ultra-light notebooks, and a new gaming and multimedia PC.

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Recession to steal some glitz from gadget show

The International Consumer Electronics Show, the largest trade show in the U.S., opens this week in Las Vegas with a full slate of giant TVs and inventive gadgets, despite the pall of a recession hanging over the industry.

Nokia CEO to favour profit over sales targets

HELSINKI - Nokia will focus on profit development amid a falling cell phone market in which many competitors are cutting prices, Chief Executive Olli-Pekka Kallasvuo told the Financial Times.

China’s Lenovo considers restructuring

SHANGHAI – China’s Lenovo Group, the world’s No.4 personal computer maker, is considering a restructuring because of tough economic conditions, China Business News reported on Wednesday.

Wal-Mart to start selling iPhones

CHICAGO - Wal-Mart Stores Inc said on Friday it will start selling Apple Inc’s iPhone on Sunday, but the popular cell phones that can surf the web will not be priced as low as some anticipated.

Facebook cuts ties with Project Playlist

WASHINGTON - Social network Facebook has severed ties with Project Playlist, just days after rival MySpace cut its links with the fast-growing music-sharing startup over copyright violation fears.

Notebooks outship desktops for first time

SAN FRANCISCO - Worldwide notebook computer shipments topped those of desktops for the first time ever in the third quarter, research group iSuppli said on Tuesday, calling it a “watershed event” for the industry.

Commerce Dept. criticizes Internet addressing plan

WASHINGTON - A proposal to create hundreds of new Internet domain names as alternatives to ‘.com’ has suffered a setback as a key U.S. government agency warned that the plan might not benefit consumers or promote competition.