India's information-technology industry is losing steam. The credit crunch and spending slowdown in the U.S. are hurting the companies' biggest market, while a cheaper dollar shrinks their profits. Competition is rising from other low-cost nations.

India's Reliance ADA is hunting for U.S. acquisitions in the mobile-content market, seeking to extend its U.S. foothold beyond movies.

Intel is accelerating efforts to boost computing performance without increasing power consumption, including a new "turbo" technology on forthcoming chips. The technology was disclosed at the company's twice-yearly forum for developers.

Ericsson and STMicro said they will form a joint venture to produce semiconductors and software for mobile applications.

H-P's profit climbed 14%, driven by robust international sales and strong demand for laptops. An upbeat forecast was issued.

EBay said it will lower the fees it charges for products listed for sale at a fixed price, in a bid to become more competitive with rival Web sites such as Amazon.com.

Salesforce.com acquired InStranet which makes call-center optimization software, for $31.5 million, which includes the assumption of $4.2 million in cash.

Nokia and Lonely Planet are joining forces to sell maps and city guides that can be accessed on mobile phones.

The FTC said it will bar telemarketers from making prerecorded sales calls unless a consumer explicitly agrees to receive such calls.

Companies have emerged to make calling overseas cheaper and easier -- often requiring little more than a cellphone with Internet access. But the cellphone services still have hurdles for consumers, and require some level of tech savvy.

U.S. consumers bought significantly fewer cellphones in the second quarter, according to numbers from research firm NPD.

LG Electronics said it may sell one of its plasma-display-panel production lines as part of its efforts to cut costs and improve profitability.

Apple said batteries from a single supplier are to blame for the meltdown of some models of its iPod Nano digital music player in Japan.

Circuit City appointed James A. Marcum as vice chairman amid plans to "accelerate the pace of the company's turnaround."

Hutchison Telecom's net tumbled 98% in the first half from a year earlier when the firm booked a big gain on the sale of its Indian unit.

A federal judge ruled against the Boston transit system in a closely watched lawsuit against MIT students who found a way to take free subway and bus trips.

With back-to-school sales off to a slow start, more old-line retailers and clothing labels are reaching out to kids online, enticing them to try virtual versions of their togs in hopes of making actual sales later.

Google stands to gain exposure and goodwill from 500 or so bloggers who paid $100 for access to the company's headquarters at the Democratic convention. The company will offer similar services at the Republican convention.

Qwest said it reached a tentative agreement with unions representing over 20,000 of its telecommunications employees, holding off a planned strike.

Some of the world's best-known innovators, such as Google founders Larry Page and Sergey Brin, did their landmark work before age 30. But it's more common for inventors to start slowly and fade fast -- a problem that is driving many high-tech companies to seek ways to stretch out the productive careers of their top researchers.