Intel and STMicroelectronics to merge flash memory units
The combination will create the world's largest maker of chips that store data in devices like music players and cellphones in a company with $3.6 billion in annual sales.

EU poised to cap cellphone roaming fees
At a session Wednesday in Strasbourg,, the European Parliament is expected to approve the first EU-wide retail price limits on the mobile phone industry.

Alltel buyout deal stirs the anger of rival bidders
A decision by Alltel to go private in a $27.5 billion deal has annoyed rival bidders who thought deadline for bids was June 6. Some shareholders may also wonder if they got the best deal.

China eases demand that bloggers use real names
The government said that it would instead promote a "self-discipline code" to encourage, rather than mandate, bloggers to register under their own names.

Philips in talks to sell stake in LCD joint venture
Philips Electronics wants to focus on medical gear, lamps and consumer goods, the chief executive said.

MySpace to share data on convicted sex offenders
The popular social networking site has agreed to hand over the names, addresses and online profiles of thousands of known convicted sex offenders who have opened up accounts with the service.

2 executives quit Glass Lewis, proxy advisory firm
Barron's had raised questions over whether Xinhua Finance Media, parent of Glass Lewis, had withheld unfavorable information about its chief financial officer from investors.

2 companies pledge to avoid telemarketing criminals
InfoUSA, one of the largest compilers of consumer information in the United States, and Wachovia Bank, the large U.S. bank, said they would change their business practices.

Networks try new ways to keep eyes on ads
TV networks experiment with ways to hold viewers' attention during commercials.

EMI agrees to buyout bid from private investor
EMI Group said it would recommend that shareholders accept a £2.4 billion buyout offer from Terra Firma Capital Partners.

Vodafone to sell low-cost cellphones in Eastern Europe, Asia and Africa
The world's biggest mobile phone company said Monday that it would begin selling low-cost Vodafone-branded cellphones to spur growth in emerging markets in Eastern Europe, Asia and Africa.

London police arrest man they link to Russian Web site AllofMP3.com
The arrest was the first under a British law introduced in January that made the unlicensed sale of music a criminal offense, the International Federation of the Phonographic Industry said.