AOL overhauled under new chief
America Online Inc. (AOL) announced a restructuring of its management team under new Chairman and Chief Executive Officer (CEO) Jon Miller Thursday, giving Miller stronger control, while eliminating the offices of AOL president and chief operating officer (COO) and dismantling a troublesome business affairs unit.

UPDATE: FCC to help wireless auction bidders
The U.S. Federal Communications Commission has decided to free wireless carriers of their obligation to pay the $16 billion bid in a spectrum auction that has wound up in court, The Wall Street Journal reported Thursday.

UPDATE: IBM buys Holosofx to boost WebSphere
IBM Corp. has acquired software maker Holosofx Inc., whose technology IBM plans to integrate into its own WebSphere Business Integration software.

Researchers close in on atomic storage target
A group of physics researchers have created a device which is able to store one bit of data in one atom, according to published data from one of the research team.

UnitedLinux plans under-$1,000 release, US entity
The first release of a version of the open source Linux operating system, developed by a quartet of companies known as UnitedLinux, will be globally available in November at a price of less than US$1,000 per server including maintenance, support and upgrades.