It's all over but the tendering. Amazon.com (Nasdaq: AMZN) completed the first round of its tender offer this morning, snapping up an 87% stake in digital spoken word specialist Audible (Nasdaq: ADBL).
After defying yesterday's market downturn, its stock ending the day stubbornly in the green despite all the red-hued mayhem surrounding it, Texas Instruments (NYSE: TXN) shares dropped this morning. The reason: After the markets had safely closed for the day Monday, Texas Instruments issued an earnings warning.
Apple's popular iPod nano media player in Japan overheated and gave off sparks, prompting a safety investigation, Japan's trade ministry said Tuesday. The malfunctioning iPod Nano is the latest in a list of dangerous incidents involving consumer products.
Hulu, the online video service developed by the two media titans - News Corp and NBC Universal, is set to go live on Wednesday (12th March 2008), nearly five months after it entered private beta testing.
Search titan Google Inc. wasted no time completing its $3.1bn acquisition of online advertising group DoubleClick yesterday after winning approval from the European Commission, the 27-nation EU's antitrust authority in Brussels, accelerating its dominance of the online advertising market.
Microsoft announced Monday it has slashed the price of its Xbox 360 gaming console by up to 28 percent in the European market, in an attempt to boost sales in a major battleground in the surging industry, and put more pressure on Sony PlayStation 3.
Reston, Va. -- Traditional publishers aren't in the same league as Internet companies when it comes to researching consumers, a New York Times report said Monday.
By studying companies that collect "data transmission events" comScore analysts found that Yahoo! Inc., Google, Microsoft Corp., AOL and MySpace recorded 336 billion electronic transmission events in a month, keeping track of Web surfers' movements so they could place targeted ads in front of them.
This mostly invisible invasion of privacy hasn't provoked a large consumer reaction. Tracking people's movement on the Internet allows advertisers to "put dog food ads in front of people who have dogs," the chief executive of one ad placement agency said.
But, a recent study in California found 85 percent of adults didn't want their Web surfing activities tracked to help advertisers, the report said.
Washington -- A 2005 ban of unwanted text messages by U.S. government agencies hasn't worked, The Washington Post said Monday.
Verizon Wireless said it blocks more than 200 million unwanted text messages from advertisers and scam-artists every month, the paper said.
Carriers are beefing up filtering systems but text message spammers are still getting through in many cases.
"The texts are there, on my phone, and they just keep coming," one consumer whose phone is set to only receive text messages from approved numbers told the Post.
A major difference between e-mail and text-message spam is that the consumer who receives an unwanted text message on the phone is often charged a fee.
Banks send updates on accounts. Travel agencies send updates on a flight's status, the report said. But, many unwanted text messages are more insidious: telemarketers or, worse, identity thieves on the prowl.
Hours after introducing the new action game, Super Smash Bros. Brawl, Nintendo Co. Ltd. has admitted that some customers are experiencing disc read errors with the game. And, acting promptly, the Wii gaming console maker has set up a free factory repair service for customers who are unable to play the game correctly.
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