The former head of LG's Korean mobile carrier, LG Telecom Ltd., will become the new chief executive officer (CEO) of LG Electronics Inc., the company said Monday.

In comments confirming the open-source community's suspicions, Microsoft Corp. CEO Steve Ballmer Thursday declared his belief that the Linux operating system infringes on Microsoft's intellectual property.

Slim Devices CEO Sean Adams revealed on Wednesday that computer accessory-maker Logitech is acquiring the company. Adams made the announcement on the Slim Devices community forum ahead of the official announcement.

Apple Computer Inc. CEO Steve Jobs apologized to shareholders Wednesday after an internal investigation found that he had been aware of the company's practice of "backdating" employee stock options.

Despite all the negative publicity Dell Inc. has encountered over its battery recall, the biggest in consumer electronics history, the company's CEO and founder, Michael Dell has stressed he retains his trust in Sony Corp., the company's battery supplier.

Sun Microsystems Inc., plans to lay off as many as 5,000 employees, sell real estate and "simplify" its product line in an effort to boost profits, its newly appointed CEO Jonathan Schwartz said.