Technology

Disney Gets Chinese Government Approval to Build Shanghai Amusement Park Walt Disney Co. won approval from China’s government to build a theme park in Shanghai, giving the world’s largest media company access to consumers in the richest city of the world’s most populous nation.

`Osama' Funds Appeal to U.S. Filmmakers as Europe Fights for Independents Todd Solondz, the U.S. director whose movie “Happiness” was nominated for a Golden Globe award in 1999, knows how desperate raising funds for a film has become.

Nokia Siemens Said to Be Mulling Bid for Nortel Assets, Challenging Ciena Nokia Siemens Networks may bid for Nortel Networks Corp.’s optical-networking business, challenging Ciena Corp. for the unit of the insolvent communications equipment maker, said two people familiar with the matter.

Panasonic May Lower Stake in Toyota Venture to Clear Takeover of Sanyo Panasonic Corp. may cut its stake in a battery-making venture with Toyota Motor Corp. to receive Chinese antitrust approval for the purchase of Sanyo Electric Co.

Actors Steve Martin, Alec Baldwin Selected to Co-Host 2010 Academy Awards Steve Martin and Alec Baldwin will co-host the 2010 Oscar awards, the first time since 1987 that the show has had more than one emcee.

IPhone's Chinese Debut Disappoints Analysts, Raising Concerns About Price Apple Inc.’s Chinese partner sold fewer iPhones than analysts anticipated in the product’s debut last week, raising concerns the price is too high to attract customers in the world’s biggest mobile-phone market.

Telstra Says Forced Breakup Based on BT Group Model to Cost $1.1 Billion Telstra Corp., facing government pressure to split from its fixed-line network, expects any breakup similar to the model used for BT Group Plc would cost as much as A$1.2 billion ($1.1 billion).

Verizon Beats Pension Suit Citing Mistake That May Have Cost $1.67 Billion Verizon Communications Inc. defeated a group lawsuit over pension payments that may have cost the second-largest U.S. phone company about $1.67 billion.

T-Mobile Reports Disruption of Voice, Data Service for 5% of Its Customers T-Mobile USA Inc., the U.S. wireless- phone unit of Deutsche Telekom AG, reported a service outage last evening on its voice and data network.