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...settlement may also establish antitrust regulation as a key driver of innovation and competition in the IT sector. When Microsoft first began trading blows with the European Commission, it took a confrontational approach, as if it never believed it would be tamed by Brussels bureaucrats. But the tussles have cost Microsoft dearly: the E.U. watchdog has fined the company $2.4 billion for illegal business practices over the years. At the same time, the rise of companies like Apple and Google - which both enjoy quasi-monopolies in other technology sectors - creates a new challenge for Microsoft. Indeed, as Microsoft, Apple...

Author: /time Magazine | Title: In E.U. Deal, Microsoft Allows Rival Browsers | 12/17/2009 | See Source »

...Little wonder. Industrial action could have cost Europe's third biggest airline as much as $50 million each day had the strike gone ahead as planned on Dec. 22. That's cash - and cachet - the struggling carrier can ill-afford to lose. Tumbling first-class passenger numbers and a ballooning fuel bill left the airline with a $656 million pretax loss in the 12 months ending March 31. It lost plenty more in the first half of this year too. The airline's $6 billion pension deficit, meanwhile, is among the biggest...

Author: /time Magazine | Title: Brits Get Some Holiday Cheer: No British Air Strike | 12/17/2009 | See Source »

...were institutions that could have transformed him into more than another theatrical evangelist, a descendant of the traveling preachers who made questionable careers saving souls and healing ills while spouting spiritual quackery for people desperate for comfort and accessible transcendence. In 1987, TIME reported that the medical center, which cost $250 million to build, was draining Roberts of $30 million to $40 million a year. In his 1995 autobiography, Expect a Miracle: My Life and Ministry, Roberts revealed that he had undertaken his unorthodox $8 million "Call Me Home" fund drive because God had told him to keep the center...

Author: /time Magazine | Title: Death of a Faith Healer: Oral Roberts | 12/15/2009 | See Source »

...they will carry two pilots and six passengers to an altitude of 70 miles - the edge of space. Passengers will enjoy five minutes of eerie silence and weightlessness (floating somersaults are allowed) and 1,000-mile views in all directions before a half-hour glide back to earth. Tickets cost $200,000, and 300 people have already signed...

Author: /time Magazine | Title: Postcard from Las Cruces | 12/14/2009 | See Source »

...tours and a museum planned, organizers hope to welcome 1 million visitors annually. An independent study has forecast up to 5,000 new jobs and a $1 billion boost to the region's economy as Virgin Galactic and other aerospace companies move from tourism into commercial spaceflight like low-cost satellite launches...

Author: /time Magazine | Title: Postcard from Las Cruces | 12/14/2009 | See Source »

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