News

business issues

Article | 28/05/2012 Apple Store staff get salary rise, 3 months early
John Browett made the announcement to employees in a video – not only announcing the pay rises, but also awarding them three months early.
Article | 29/05/2012 RIM warns of Q1 loss, hires bankers to evaluate changes
Research In Motion has warned that it expects an operating loss for the current quarter and has hired two investment banks to help it study alternativ...
Article | 26/05/2012 Apple CEO Cook's doing a good job, but Jobs 'would have lost his mind over Siri'
An ex-employee revealed that people at Apple are “embarrassed by Siri”. Siri is Apple’s voice-recognition ‘PA’ feature on iPhones that has come under ...
Article | 28/05/2012 RIM said to plan to lay off 2000 staff
Research In Motion, the ailing maker of the BlackBerry, is planning to cut at least 2000 staff as part of a global restructuring plan, according to re...
Article | 25/05/2012 Wall Street Beat: After Facebook fiasco, don't write off tech IPOs
The Facebook IPO may have been a fiasco, but don't put the nail in the coffin just yet for other tech offerings this year.
Article | 24/05/2012 Qualcomm to sell Indian broadband operation to Bharti Airtel by 2014
Bharti Airtel has invested about US$165 million to acquire a 49 percent stake in Qualcomm's Indian entities that hold broadband wireless licenses, wit...
Article | 24/05/2012 Ellison, Phillips, McDermott to take stand in Oracle-SAP retrial
During the upcoming retrial of Oracle's corporate-theft lawsuit against SAP, the companies plan to call a star-studded array of tech executives as wit...
Article | 24/05/2012 Sony pulls out of LCD JV with Sharp, gets US$126 million investment back
Sony said Thursday it will pull out of its over three-year LCD TV panel joint venture with Sharp, part of Sony's ongoing attempts to reform its founde...
Article | 23/05/2012 UPDATED: HP slashes 27,000 jobs as part of restructuring program
It's official. Hewlett-Packard will cut 27,000 employees as part of its long-term restructuring plan, the company said when it announced quarterly fin...
Article | 23/05/2012 Lenovo's fiscal Q4 profit up 59 per cent
Lenovo's net profit for its fiscal fourth quarter grew by 59 per cent, as the world's second largest PC maker saw continued growth in sales across bot...
Article | 23/05/2012 Oracle buys social relationship management company Vitrue
Taking a step into the social media marketing industry, Oracle is purchasing Vitrue, the two companies announced Wednesday.
Article | 23/05/2012 VMware acquires desktop management company Wanova
VMware has acquired Wanova, a developer of software used to centralize and simplify image management on physical and virtual desktops, the company sai...
Article | 23/05/2012 Dell's profit shrinks in the first quarter
Dell has reported a drop in profits for the first quarter, weighed down by a revenue decrease and slower sales of consumer products.
Article | 23/05/2012 SAP buying e-commerce vendor Ariba for $4.3 billion
SAP is buying cloud-based e-commerce vendor Ariba for US$4.3 billion, the companies announced Tuesday.
Article | 23/05/2012 Google has finally closed Motorola Mobility acquisition
Google has finally closed its acquisition of Motorola Mobility, and will now start working on new devices while keeping Android open, it said on Tuesd...