Hover Automotive India Private to establish sales network for Nissan
Japanese automaker Nissan has said that they have now appointed Hover Automotive India Private to set up their sales network in the Indian market.
The company is planning to have as many as 55 dealers by 2012. The aim is to sell a lakh car in that [...]

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T-Mobile USA adds nearly 1 million new customers in first quarter of 2008
US based mobile service provider T-Mobile USA has revealed that they added around 981,000 customers in the first quarter.
The company also completed the acquisition of SunCom Wireless which added another 1.1 million subscribers.
T-Mobile USA as a result now has close to 30.8 million [...]

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Microsoft might consider Facebook for acquisition
Now that it is pretty clear that Microsoft is taking its eyes off Yahoo, market sources say that they are considering enhancing their stake in the social networking service Facebook.
Wall Street Journal claims that the company has sent messages to Facebook indicating their interest for a possible acquisition.
Facebook and Microsoft [...]

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Vonage to offer DSL services powered by Covad
Vonage has now announced that they would be reselling DSL services powered by Covad.
This would help them expand their services range. The company said that their packages would feature speeds of 3.0 or 6.0 megabits per second.
These services would be provided to both home users and small [...]

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Ducati launches Hypermotard, classic 1098, 1098R, 848 and Monster superbikes in India
Italian superbike manufacturer Ducati Motor Holding has now announced their entry into the Indian market.
The company has launched five models in India. These are: Hypermotard, classic 1098, 1098R, 848 and Monster.
Ducati CEO, Mr Gabriele Del Torchio spoke at the launch ceremony: “India is no [...]

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Softbank reports enhanced profits
Japanese telecom company Softbank has come out with their latest revenue report and the company has posted improved profits.
The company’s profit has now nearly quadrupled as they gain from the mobile business operations.
Softbank posted a group net profit of 108.62 billion yen for the fiscal year ending March.
The operating profits are [...]

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Best Buy acquiring 50% stake in Carphone Warehouse
US based retailing giant Best Buy has announced that they are now acquiring a 50 percent stake in Europe’s largest cell phone retailer Carphone Warehouse.
They are paying close to around USD 2.1 billion for this stake.
The deal would give them access to web and direct businesses of The [...]

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Fiat to source components from India
Italian automobile manufacturer Fiat has announced that they are planning to source auto parts from India worth 250 million euro in the next two years.
The company said in a statement: “We will source auto parts worth a minimum of 250 million euro from India by 2010.”
These parts would be used [...]

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Fiat Palio CNG in India next year
Fiat is working on launching a CNG version of their Palio car in the Indian market sometime next year.
CNG is cheaper than petrol in India and it is expected to boost the sales of Palio in the market.
Fiat currently sells the Palio car in petrol and diesel versions.
The [...]

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Barnes & Noble to sell digital and print magazine subscriptions
Barnes & Noble has announced that they are soon going to launch digital and print magazine subscriptions.
These would be offered online through their store at BN.com.
The company aims to offer subscriptions for more than 1,000 magazines. Big discounts are expected.
They are also planning to make available [...]

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Yahoo says they wanted to continue talks with Microsoft
Internet media giant Yahoo has now stated that they wanted to continue talks with Microsoft over a possible acquisition deal.
Yahoo boss Jerry Yang was quoted as saying: “We were negotiating a way to find common ground and then on Saturday they chose to walk away. They started [...]

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Egypt bans anonymous mobile connections
Egypt has become the latest nation to ban mobile connections in no names.
The country now requires every connection to be registered with a name and address.
Trade Minister Rachid Mohamed Rachid said in a statement: “Everyone who uses the telephone must be known.”
Vodafone Egypt has already started complying with this ruling. For [...]

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Yahoo share takes beating with Microsoft taking back their bid
Microsoft has taken back their acquisition offer for Yahoo after the two companies could not settle for on a price.
Yahoo’s stock is now being hammered at the stock market as it is already down 21 percent in pre-market trade.
This news development has also resulted in Citibank [...]

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Toyota recalling 2008 Highlander and Highlander Hybrid
Japanese automaker Toyota has revealed that they are now recalling 90,000 model year 2008 Highlander and Highlander hybrid sport utility vehicles.
This recall is related to problems connected to child safety seats in third row seats.
National Highway Traffic Safety Administration said that the lock involved in the seats apparently [...]

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Microsoft rumored to have upped the offer for Yahoo
Market sources claim that Microsoft has now enhanced its acquisition offer value for Yahoo.
Yahoo had rejected the earlier bid of $44.6 billion, or $31 per share.
Both the companies have yet not commented on this report first published by The New York Times.
Market sources say that Microsoft could [...]

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Larry Ellison top paid executive last year
Forbes has come out with their list of the top executive salaries and Oracle boss Larry Ellison has topped the last year’s list.
His total compensation for the year 2007 was around $192.9 million.
Nabeel Gareeb of MEMC Electronic Materials was the second name in the list. Other names in the [...]

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32nd Milestone to establish hotels in Goa and Delhi
32nd Milestone has revealed that they are working on plans to establish new hotels in Delhi and Goa.
They have already invested in setting up a five-star hotel in Gurgaon. This hotel would have a capacity of 200 rooms.
32nd Milestone Managing Director Anubhav Sharma said in a statement: [...]

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Softbank wants a bigger stake in Oak Pacific Interactive
Japanese telecom company Softbank has said that they are now trying to increase their stake in the Chinese company Oak Pacific Interactive.
They had earlier acquired a 14 percent stake in this Chinese company for around $96 million. They have the right to increase the stake to 40%.
Softbank [...]

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The Icahn Report: Carl Icahn The Blogger!

Billionaire investor Carl Icahn is all set to join the blogosphere with his own blog!
He said in a statement: “I think the time has finally come when people are starting to focus on the many abuses in a number of companies in corporate America and the damage they do. [...]

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Canon to invest 60 billion yen on a new plant in USA
Japanese tech giant Canon has announced that they would be investing $575 million on a new toner manufacturing plant in the US market.
This plant is being established in Virginia region and would help the company meet the demand in this market.
The company said that [...]

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