Intel, Nokia work on new pocket computer project Intel Corp. and Nokia Corp. said Tuesday they're joining forces to build better technology for smart phones and other mobile Internet devices. The deal is significant for Intel because it will help the world's biggest maker of PC microprocessors penetrate the smart phone market, an area Intel sees as crucial for growth. Intel now makes smaller, lower-power chips for devices like "netbooks" — stripped-down laptops that do less and cost less. The company wants its chips used in other devices that act as computers, like smart phones made by Nokia.

Oracle tops forecasts despite sales, profit dip SAN FRANCISCO — Software maker Oracle Corp.'s results for its latest quarter topped Wall Street's forecast Tuesday, despite a 5 percent drop in sales and a 7 percent decline in profit. The company blamed the declines on the effects of a stronger dollar — which makes deals done in other currencies translate into fewer greenbacks. Companies also have been shelling out less for new software because of the recession.

3 plead guilty in BetOnSports online gambling case ST. LOUIS — Three former executives of the online sports gambling Web site BetOnSports, including two of the company founder's siblings, pleaded guilty to federal racketeering charges. Company founder Gary Kaplan's brother and sister — Neil Scott Kaplan, 43, and Lori Beth Kaplan-Multz, 48 — and former personal assistant, Penelope Ann Tucker, 64, pleaded guilty Monday to racketeering charges in U.S. District Court in St. Louis.

Gates approves creation of new cyber command WASHINGTON — Defense Secretary Robert Gates has formally ordered the creation of a new military cyber command that will coordinate the Pentagon's efforts to defend its networks and conduct cyberwarfare. A memo signed by Gates on Tuesday asks that U.S. Strategic Command begin plans to set up a subcommand and be prepared to provide a proposal by the fall.

MySpace to cut 300 intl positions, close offices LOS ANGELES — Social-networking site MySpace said Tuesday it plans to cut 300 jobs, or two-thirds of its overseas work force, in an effort to rein in costs and focus on countries where it has many users and better business opportunities. The move comes a week after the News Corp. unit said it would cut 420 jobs in the U.S., or nearly 30 percent of its domestic work force. Combined, the cuts will reduce MySpace's employee base by nearly 40 percent to about 1,150.