A tough week for tech

Think the credit crisis doesn't have anything to do with the tech industry? Think again. Credit troubles affect everything from large Silicon Valley stalwarts down to scrappy Web 2.0 start-ups. Here's a roundup of this week's financial news and its impact on the tech sector.

Troubled times ahead for tech?

Politicians are turning cartwheels to connect the meltdown on Wall Street to Main Street. But the companies along Hwy. 101 are just as vulnerable to a crummy economy.
(Posted in Business Tech by Jim Kerstetter)
October 2, 2008 4:35 p.m. PDT

The makings of another tech mess?

A shaky overall economy inevitably spells trouble for the tech industry. Here's a breakdown of how it could play out.
(Posted in Business Tech by Jim Kerstetter)
October 2, 2008 4:34 p.m. PDT

Employment outlook gets murkier at tech companies

Amid a "hiring chill" in Redmond, CNET News checked in with other big tech giants on their personnel plans.
(Posted in Beyond Binary by Ina Fried)
• Microsoft denies companywide hiring freeze
• Daily Debrief video: A chill in the air for tech workers
October 3, 2008 2:34 p.m. PDT

Bailout bill loops in green tech, IRS snooping

Originally a three-page $700 billion bill, House-approved bailout package now includes surveillance provisions and tax credits for green tech, SunKist tuna, and wooden arrows.
(Posted in Politics and Law by Declan McCullagh)
October 3, 2008 10:07 a.m. PDT

New phishing attempt targets bank customers

Latest phishing threat exploits confusion over consolidation in banking industry to try to get information out of e-mail recipients for online financial theft and identity fraud.
(Posted in Security by Elinor Mills)
October 2, 2008 4:10 p.m. PDT

Tech entrepreneurs changing strategies, not products

Money is getting tight, but that doesn't mean start-ups should give up, say investors at the Startonomics conference in San Francisco.
(Posted in Webware by Rafe Needleman)
October 2, 2008 12:35 p.m. PDT

Senate passes bailout bill

The Senate passes a revised bill that adds tax cuts and other add-ons, in addition to the $700 billion financial rescue.
(Posted in Business Tech by Ina Fried)
October 1, 2008 7:20 p.m. PDT

Tech stocks hammered as bailout fails in House

Stocks, including those of technology companies, took a beating after the House of Representatives fails to pass the government bailout of the financial sector.
(Posted in Business Tech by Ina Fried)
September 29, 2008 11:29 a.m. PDT

Tech M&A spending takes big hit in third quarter

Tech mergers and acquisitions fell by a third compared to a year ago. Decline fueled by credit tightening and havoc on Wall Street, says a new report by The 451 Group.
(Posted in Business Tech by Dawn Kawamoto)
October 2, 2008 8:32 a.m. PDT

Yahoo to cut its workforce?

Company is contemplating another round of layoffs, fueled by financial prospects that are weakening, according to a Silicon Alley Insider report.
(Posted in Digital Media by Dawn Kawamoto)
October 2, 2008 1:28 p.m. PDT

Apple shares drop 17.5 percent

The company's shares experience a sharp dropoff in early morning trading, after Morgan Stanley and RBC Capital Markets downgrade the stock.
(Posted in Apple by Dawn Kawamoto)
September 29, 2008 7:47 a.m. PDT

previous coverage

Web leaders on economy: Keep calm and carry on

At the Web 2.0 Expo in New York, just a stone's throw from the turmoil on Wall Street, it was hard not to notice the financial-industry meltdown.
September 19, 2008 12:00 p.m. PDT

U.S. venture-backed IPOs absent in second quarter

In a sign of the market malaise, not a single U.S. venture-backed company launched an IPO in the second quarter, according to a recently released venture capital report.
July 1, 2008 8:10 a.m. PDT