AP - Time Warner Inc. said Wednesday it would formally split off its cable TV business, giving the media conglomerate a $9.25 billion windfall and allowing it to focus on cable network, entertainment and publishing operations.

AP - It's the big horse race in the gadget market this year: Who's going to win consumers' hearts with a box that brings Internet movie downloads to the TV set? Now, we have a tiny box that deserves to be a winner.

Reuters - Kenny Chesney, who touched off a furor at the Academy of Country Music Awards by telling reporters that his entertainer of the year award had been "diminished" by Internet fan voting, says his remarks have been misconstrued.

Reuters - President George W. Bush announced an easing of restrictions on Wednesday to allow Americans to send cell phones to their families in Cuba, in what he portrayed as a test of the Communist country's economic reforms.

AP - A proposal for the government to help cell phone customers avoid expensive fees when they cancel contracts with wireless companies may go down in flames after consumer advocates protested Wednesday it isn't generous enough.

Reuters - Microsoft said on Wednesday that starting some time next year it will make it easier for users of an open-source rival to work with Microsoft Office.

Reuters - McAfee Inc, the No. 2 security software maker, likes small and medium-sized acquisitions of up to about $350 million and sees no need for a transformative deal to challenge larger rival Symantec Corp.