Services

Sony launches new brand, buys Ericsson’s shares

Sony has acquired Ericsson’s shares for US $ 1.47 billion to launch its new brand Sony Mobile Communications which replaces a well established brand Sony Ericsson in the market.

Anonymous Hacked Into CIA’s Website

Hacking group Anonymous has claimed the responsibility of shutting down CIA’s website, as the site remained inaccessible on Friday.

Google Removes “Objectionable” Content from India

Internet giant Google has removed objectionable content from its Indian site after Delhi High Court warned Google to remove the content which it deemed “offensive and objectionable ” .

Twitter to impose censorship on tweets

Micro-blogging site Twitter if set to tweak it policy by imposing country specific censorship on the tweets with tweet filtering technology.

Morgan Stanley to slash 1600 jobs

It's going to be a tough new year for many at Morgan Stanley. The Wall Street bank has disclosed plans to cut 1600 jobs in the first three months of the coming year.

AT&T to offer to sell up to 40 percent of T-Mobile -- Bloomberg

AT&T Inc. (NYSE:T) is planning to offer to divest a large chunk of T-Mobile USA to gain clearance from the Department of Justice (DOJ) for its takeover, Bloomberg reported citing a person familiar with the plan.

AT&T withdraws merger application, to take $4 billion charge

AT&T Inc. (NYSE:T) and Deutsche Telekom AG, the parent of T-Mobile, have withdrawn their applications with the Federal Communications Commission (FCC) after the agency's chairman moved to thwart AT&T's acquisition of T-Mobile USA.

Is the AT&T/T-Mobile deal in danger?

The chairman of the Federal Communications Commission (FCC), Julius Genachowski took steps Tuesday to thwart AT&T's proposed $39 billion takeover of T-Mobile USA.

McDonald's, Target dump egg supplier over safety, cruelty issues

McDonald's Corp. and Target Corp. cut ties to Sparboe Farms, one of the largest egg suppliers in the United States, following the release of an undercover video displaying animal cruelty at some of its farms.

Plush severance for ex-editor of News of the World -- report

Rupert Murdoch's News Corp. paid former News of the World editor Rebekah Brooks $2.7 million in an impressive severance package after she resigned from the post of News International's chief executive, the Observer reports.

Starbucks profit up 29 percent on better demand

Starbucks Corp. (Nasdaq: SBUX) posted a 29 percent rise in fourth quarter profit as customers kept coming back for their coffee.

Bank of America customers might be able to escape debit card fee

Buffeted by public outrage, Bank of America Corp. (NYSE: BAC) is reported to be considering ways to allow customers to escape its proposed $5 monthly fee for debit card usage.