Virgin Mobile to acquire Helio for USD 39 million
Virgin Mobile has announced that they are going to acquire rival telecom company Helio for $39 million.
They would gain around 170,000 customers through this deal.
Incidentally, both of these companies function as mobile virtual network operators in the US market.
Virgin further said that they are getting an investment [...]

Popularity: 6%

592 million mobile users in China
China is the world’s largest mobile market. The country now has more than 592 million mobile subscribers.
With this almost every second Chinese now own a mobile connection.
Market sources say that the demand for landline phones is falling.
China had close to around 547.3 million mobile customers at the end of last [...]

Popularity: 6%

Intuit to cut 575 jobs
Financial software maker Intuit has announced that they are now cutting 7 percent of its workforce.
The company would let go around 575 employees which is expected to result in a charge of $22 million in the current quarter.
Intuit said that these job cuts are part of their plans to streamline their [...]

Popularity: 6%

Microsoft acquiring MobiComp
Software giant Microsoft has announced that they are now acquiring MobiComp.
MobiComp specializes in developing mobile applications. One of their popular applications is for the Facebook social network.
Microsoft is hoping to expand their mobile offerings through this acquisition.
The company said that they aim to develop new mobile data protection and sharing services through this [...]

Popularity: 6%

Palm posts a loss of $43.4 million
Palm Centro might be a super successful product for the company but it could not save the Palm from posting a loss.
Palm has posted a loss of $43.4 million, or 40 cents per share in the most recent quarter.
This is disappointing compared to a fourth-quarter profit of $15.4 million, [...]

Popularity: 6%

AniBoom.com raises additional $10 million in funding
AniBoom.com is an online destination aimed at animators to share their work with the world.
The company has revealed that they have raised an additional $10 million in funding.
Venture capital firm Draper Fisher Jurvetson is one of the major contributors in this latest round of funding.
Company Founder and President [...]

Popularity: 6%

Hyundai offering fuel vouchers with Santro and i10 in India
Hyundai India is offering fuel vouchers to customers of their Santro and i10 vehicle to compensate for the recent fuel price hike.
The company said that the buyers of these models would get free fuel voucher worth Rs 2,700.
The offer is valid between June 20 and [...]

Popularity: 7%

MasterCard to settle lawsuit with American Express
MasterCard has announced that they are now going to settle their lawsuit with American Express.
The world’s second-largest credit-card network would be paying American Express up to $1.8 billion to settle this lawsuit.
The lawsuit claimed that MasterCard and Visa forced banks to not issue credit cards from the rival company.
MasterCard [...]

Popularity: 7%

Volvo to cut 2,000 Jobs Worldwide
Automaker Volvo has announced that they would be cutting as many as 2000 jobs as part of extensive cost reduction program.
The company aims to reduce its workforce by 1,400 white collar and 600 blue collar members.
These job cuts would include 1,200 employees at Volvo Car Corporation in Gothenburg, Volvo Car [...]

Popularity: 7%

Shaolin The Stage of Joy launched
China based Shaolin Temple has launched an online store for offering their goodies over the internet.
This online store has been named Shaolin The Stage of Joy and it has been established on the Chinese e-commerce site www.taobao.com.
They are offering goodies like shoes, tea, T-shirts and slippers.
The temple is considered to [...]

Popularity: 8%

Tech Mahindra gets a major order from Telecom New Zealand
Mumbai-based IT Company Tech Mahindra has revealed that they have bagged a major deal from Telecom New Zealand.
The deal is worth between $20 million to $30 million. It is related to Next Generation Telecom retail transformation program.
It would see Tech Mahindra handling program management and end [...]

Popularity: 8%

Leonard Downie Jr. steps down as executive editor of Washington Post
Washington Post has revealed in a statement that their executive editor Leonard Downie Jr. is going to step down from his position in the coming this September.
The company added that he would become the vice president of the company and would remain in the company.
They [...]

Popularity: 8%

Google tops annual Harris Interactive Reputation Quotient poll
Google took the top place from Microsoft in the annual Harris Interactive Reputation Quotient poll.
Robert Fronk, senior vice president at Rochester, New York-based Harris said in a statement: “The ratings they get focus on how they treat their employees, their workplace environment. They absolutely get tremendous credit for [...]

Popularity: 8%

Gartner: More than 1 billion personal computers in use today!
Research firm Gartner has said in a report that more than 1 billion computers are in use today.
The report said that the emerging markets are going to show more growth and would help double this number in the next couple of years.
Gartner predicts that the [...]

Popularity: 8%

General Motors confirm zero percent financing scheme
US based automaker has confirmed the reports that they are now going to offer zero-percent financing for 72 months.
The offer is applicable on most of its 2008 models.
The company added that they have also hired the services of Citibank to overview their Hummer brand.
GM is considering selling off the [...]

Popularity: 10%

GM to cut production of trucks
US based automaker General Motors has announced that they are now cutting the production of their pickup truck and SUVs by 170,000 units in the second half of the year.
The company would however increase the production of their cars.
US market is seeing a major drop in the sales of trucks [...]

Popularity: 8%

Oracle now acquires Skywire Software’s application business
Database industry giant Oracle continues to acquire more companies as it aims to offer more products and services.
Oracle has now acquired Skywire Software’s application business.
The financial aspect of this latest deal has not been revealed.
This comes after Oracle announced their acquisition of AdminServer last month.
The companies said that Skywire [...]

Popularity: 8%

Walt Disney sells Movies.com to Fandango
Fandango has announced that they have acquired to domain Movies.com from Walt Disney.
The financial terms of the deal have not been revealed to the media.
Fandango is owned by Comcast and it specializes in selling movie tickets and other entertainment services.
The company said that they would now handle the movie [...]

Popularity: 4%

GM planning to offer zero percent financing on trucks in USA
Market sources say that automobile industry giants GM is now considering plans to offer zero percent financing on trucks in the US market.
This segment of the market has been the worst hit due to the rising oil prices and the company hopes to boost the [...]

Popularity: 4%

Music World to offer Apple products in India
Spencer’s Retail has announced that they are collaborating with Apple to sell their products through their music retailing chain Music World.
Subrata Chowdhury, president, books and music of Spencer’s Retail spoke about the company’s deal with Apple: “We have tied up with Apple for stocking a whole range of [...]

Popularity: 6%