HOLIDAY SEASON: The world's largest chipmaker revised its sales figures toward the high-end of its previous forecasts, but also warned of a US$600 million write off
Buoyed by the holiday season's strong demand, Intel Corp narrowed its fourth-quarter revenue estimate toward the high end of its previous forecast. But the semiconductor giant also warned of a US$600 million charge.

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Japan and Europe dropped threats of tit-for-tat trade retaliation after US President George W. Bush scrapped controversial steel tariffs ahead of schedule, risking a political backlash at home.

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In a rare crackdown on electronic file-sharing, two Japanese men have been arrested for allegedly disseminating copyrighted movies and games over the Internet using freely available software, police said yesterday.

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A QUESTION OF TASTE: The alcoholic beverage heavyweight brought down the ire of the whisky making industry by blending its Cardhu brand and calling it ''pure malt''
Scotch malt whisky purists were toasting a notable victory on Thursday after a giant drinks multinational was forced to back down in a furious row over whether it had sullied the famous tipple's good name.

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Sony Corp said its PSX console, which combines a DVD recorder with the PlayStation 2 video game, will have fewer functions than planned because the company ran out of time before next week's debut in Japan.

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■ Broadcasting
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