RIM Planning to Bring Changes in Management
The Co-Chief Executives of Research in Motion (RIM), Mike Lazaridis and Jim Balsillie, might soon be stepping down from their post as Barbara Stymiest is being prepared by the company to substitute them. At present, Barbara Stymiest is an independent member of RIM’s board.
Google CEO Larry Page Sets New Inner Circle
With new chief executive, Google is citing many new changes. The operating committee of Google (known as “The OC”) has been renamed to the “L Team”, which is a short term for Larry’s Team.
It would be definitely not wrong at all to say that Google’s most powerful group has got a more piercing name this time.
Microsoft, PE Firm Reworking on Yahoo Stake
We have recently heard from an unidentified inner source that a group of people from three different firms are actually reworking on Yahoo stake.
The news covers private equity group Silver Lake, software giant Microsoft Corp and venture capital firm Andreessen Horowitz, consortium of which is in talks for reworking and reconsidering their bid to get a minority stake in Yahoo Inc.
BMW Bid Adieu to the 20000th Car from Sriperumbudur Plant in India
BMW, the luxury car giant, has served the automobile industry worldwide with so many luxurious models to enjoy driving that makes the company and its products absolutely unmatchable with any other available brand name.
The unfading mark that the car giant BMW has left over all of us is full of achievements. The newest and the latest achievement include: BMW has recently bid adieu its 20,000th car that was manufactured at its facility located at Sriperumbudur, Tamil Nadu.
Gas Prices are Right on Money
Giving you an update over the average retail gasoline prices, which in New Hampshire, have fallen 4 cents per gallon in the past week. Average gallon price on Sunday in the region was $3.26 per gallon. The fall has also been witnessed in the prices per gallon in Maine, which is now 2.6 cents less than last week’s average of $3.37.
JT Wang Briefs Ultrabook Laptop
On Saturday, the Chairman of Acer Inc, J. T. Wang notified that during the coming five years, Ultrabook laptop specifications will make their place in the mainstream model for tablet PCs as well as notebooks.
Sonos Introduces Interesting Changes For Users
Sonos, a consumer electronics company has introduced some interesting changes for its customers. Seeing the importance of Android tablet, the company thought it to be the right time to update its Sonos Controller which also has Honeycomb tablet support.
HTC to Regain its Long-Lost Dominance
HTC has not lost its battle yet, said CFO Winston Yung. Not much time has passed when it was being criticized for its Q4.
They said it is been for long time that they are being compared with Nokia. Yung said he would like to take a stand here and would like to clarify that HTC not by any chance is following Nokia.
Honda’s New CR-V Launched
In the recently held 2011 Los Angeles motor show, Honda unveiled its new CR-V model. The new CR-V, as compared to the older version, is shorter in size but has ample interior space. Moreover, this time, the manufacturer has made provision of small pockets in its front door to keep cell phones.
Wal-Mart Plans to Open Six Stores in the District
It seems like Wal-Mart is all set to make its presence felt in District as it has been confirmed that it will open six stores there. With this decision, the giant retailer would be able to expand its reach till east of the Anacostia River, which has been in news for insufficient job opportunities.
Disney Executives Shove Off Impact of NBA Lockout on ESPN
Amid conflicting news that the National Basketball Assn. lockout would significantly affect ESPN cable sports network, Walt Disney’s Chief Financial Officer Jay Rasulo has come out to dilute all the fears, thereby ensuring that the crisis would soon be resolved.
Sinopec Eyes Stake in Galp's Brazil Oil Assets
In a bid to make strategic move, it has been confirmed that Chinese state-owned oil company Sinopec Group has given green signal to claim 30% stake in Portuguese oil firm Galp Energia. Worth $3.54 billion, the deal is being seen as an attempt by the company to make significant impact in Western-owned energy assets.
Warfare Gaming Giants Activision, EA Set to Lock Horns for Holiday Sales
There’s an age-old cold war heating up between the legendary "Call of Duty" of Activision Blizzard Inc. and the sensation combat game "Battlefield” by Electronic Arts Inc. The state of cut-throat competition between the two rivals is mainly on the power slider of their holiday sales.
iOS Bug Allows Malware to Be Sold in Apple Store
Apple has recently confirmed in its statement about the exclusive services of the Apple’s voice assistant Siri to the iPhone 4S only.
The statement got confirmation when while answering an inquiry, of developer Mr. Michael Steeber, about possible special Siri-enabled iOS for iPod touch and iPhone 4 owners, Apple responded with a big “no” in its statement.
AB InBev Eyes 2014 World Cup in Brazil
Backed by consistent rise in sales of global brands like Stella Artois and Beck’s, the world’s largest brewer Anheuser-Busch, InBev NV, managed to gain over 16% profit in its third quarter. Though there was a paltry drop in overall volume, the company managed to give growth of 16.3% in its normalized profit attributable to equity holders in the same quarter as compared to what happened in the last year.
HSBC Faces Rising Bad Loans
It seems that the widening uncertainty in global markets has struck the investment banking sector big time, as it has been revealed that HSBC Holdings PLC has met with huge revenue loss in the third quarter. In addition, there was major loss in the US market also as bad loans soared. It was told that the bad loans moved up by 24% to $3.89 billion.
Samsung Topples Apple as Top Smartphone Maker
In a recent report, it has been claimed that Samsung has managed to achieve the top spot as it could sell over 23 million units in the third quarter. The increased rate of growth could only be achieved after its new range of new Galaxy S II line and handsets powered by its own bada platform managed to impress the users.
Google Chairman Calls for Easing Internet Regulations in South Korea
It seems like despite being laid to rest, Apple co-founder Steve Jobs is part of talks and would remain so in the time to come. It has been known that there was some issue related with Google's Android software which were claimed to be taken from Apple, but Google Chairman Eric Schmidt cleared the air by claiming that there is no hard feeling left.