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Microsoft

Microsoft is buying another Internet telephony company to broaden its portfolio of communication products.

The company announced Wednesday night that it’s buying media-streams.com, a 23-employee company in Zurich, Switzerland, that develops communications applications based on Voice over Internet Protocol (VoIP) technology. Microsoft plans to offer media-streams.com technology as part of its “Real-Time Collaboration” platform.

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In August, Microsoft bought Teleo, a small San Francisco company in the VoIP business.

Boeing

Afghan airline to buy 4 737-700s

Boeing won an order from Afghanistan’s Ariana Afghan Airlines for four 737-700 planes worth about $220 million at list prices.

The airline will also lease two 757-200 models from Boeing Capital, a unit of Boeing, the company said in a statement.

The plane manufacturer said it will begin delivering the 737s in 2009.

Targeted Genetics

New director of board named

Targeted Genetics has appointed Dr. Michael S. Perry to its board of directors. Perry, a veterinarian, is chief development officer at VIA Pharmaceuticals. He fills the seat previously held by Mark Richmond, who retired effective Monday.

Nation / World

Deutsche Telekom

German payroll to be cut by 32,000

Deutsche Telekom, Europe’s biggest phone company, said Wednesday that it plans to cut 32,000 jobs from its payroll in Germany in the next three years — 25,000 at its main operations and 7,000 from a staffing agency subsidiary.

But the company also said it would add 6,000 jobs as it focuses on more promising business opportunities.

Deutsche Telekom said the changing pace of the telecommunications industry led to the restructuring plans. The bulk of the cuts will come at the T-Com unit, which employs nearly 110,000 workers, and oversees fixed-line services in Germany. The company now employs about 244,000 people overall.

Deutsche Telekom also owns and operates wireless company T-Mobile. The U.S. unit of the wireless company, T-Mobile USA, is based in Bellevue.

Separately yesterday, Deutsche Telekom said it had no plans to make a costly bid for British mobile-phone company O2.

Compiled from Seattle Times staff, Bloomberg News and

The Associated Press