 Top Stories in Business |
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HP confirmed today is close to a deal to acquire the
Electronic Data Systems Corporation. The information first emerged as a report in
the Wall Street Journal. The newspapers claimed that HP is willing to pay for EDS
a sum between $12 billion and $13 billion.
HP has issued a statement regarding the report and confirmed
that it is engaged in advanced discussions with Electronic Data Systems
Corporation regarding a possible business combination involving the two
companies.
“HP does not intend to comment further until an agreement is
reached or discussions are terminated,” the...
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Verizon Wireless announced today its decision to join the work on a free Linux-based mobile operating system, called the LiMo Foundation, expected to soon compete with a rival mobile system, currently in development at Google and also other programs released by Microsoft Corp. and Qualcomm.Kyle Malady, vice president of networks at Verizon Wireless, insisted on the fact that Verizon will still sell phones using several operating systems. "We're not adopting Linux to the exclusion of others, and will continue to support an agnostic approach, which is best for customers," Malady said,...
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MySpace was announced the winner of a $234 million lawsuit carried against two individuals, Sanford Wallace and Walter Rines, responsable for a huge series of junk mail sent to a large number of members of the social networking site.According to some court records, the two managed to send out 735,925 messages and also earned more than $500,000 in the process. One of the main reasons for the large number of complaints was that some of the messages were sent to children and they contained links to pornographic sites. The rest of their junk mail presented a series of links to various Web sites...
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Apparently, Apple has agreed to pay refunds of $25 - $79 for
close to 2.3 million PowerBook and iBook owners who endured numerous problems
due to purchasing faulty power adapters.
The agreement received its preliminary approval from the San
Jose U.S. District Court on March 24, but the final approval will be awaited until
September 8.
The class action suit accused the company of selling a type
of laptop power adapter which “dangerously frays, sparks and prematurely fails
to work.” The overheating issue was widely covered by the media and it led in
2001 to the recall and...
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Microsoft managed to sell 10 million Xbox consoles in the United States. Even though on a global level it holds the second place behind Wii, in the U.S. Nintendo is just under 9 million units sold. Worldwide, the sales for the product have almost reached 20 million.The other players in the U.S. console market also had a good first quarter with the Wii selling 8,8 million units and PlayStation 3 4,1 million.The sales’ boost has been linked to an increase in the number of Xbox Live subscribers, currently at 12 million. Also, the release of the new Grand Theft Auto IV game influenced the...
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| Business |
Barry Diller’s IAC/InterActiveCorp which owns Ask.com has announced its decision to acquire...
A federal judge ruled that several controllers created by Nintendo
such as Gamecube controller,...
CBS Corp. confirmed on Thursday the
acquisition of CNET Networks Inc. for $1.8 billion, in one...
Microsoft managed to sell 10 million Xbox consoles in the United States. Even though on a global...
LG and Samsung announced their plans to develop a device that will allow the access of digital...
MySpace was announced the winner of a $234 million lawsuit carried against two individuals, Sanford...
Verizon Wireless announced today its decision to join the work on a free Linux-based mobile...
Things are getting better for
Sony, as its game business has rejuvenated and the company’s own...
After two years of poor financial performance and unexpected
high costs, EarthLink has decided to...
Dell announced yesterday the new company sales strategy, which involves a pause on its XPS desktop...
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