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YouTube, defending itself from attacks by record labels and artists, said it passed on more than US$1bn in sales to the music business in the past 12 months. “YouTube has paid out over $1bn to the music industry from advertising alone

Verizon’s US$4,8bn deal to acquire Yahoo and merge it with AOL has stalled following a widespread hack of 500m Yahoo users. But AOL CEO Tim Armstrong believes the deal will ultimately close. “I’m cautiously optimistic that it will happen

Amazon.com on Monday unveiled technology that will let shoppers grab groceries without having to scan and pay for them — in one stroke eliminating the checkout line. The company is testing the new system at what

BMW sees no quick way to boost profit from electric cars, with battery capacity and cost set to weigh on the technology for the foreseeable future. “We simply have to walk through the valley of tears” to