Money Matters - Simplified

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Business

Facebook to go on hiring spree

Facebook said it is expanding its New York operations by opening an engineering office in the city next year, the company’s first such facility situated on the East Coast.

Samsung wins right to sell Galaxy Tab 10.1 in Australia

Samsung wins a battle in the patent wars against Apple!

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.

Daimler to drop Maybach line of luxury cars

Daimler has decided to do away with its Maybach line of super-luxury cars by 2013.

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AT&T Inc. (NYSE:T) and Deutsche Telekom AG, the parent of T-Mobile, have withdrawn their applications with the Federal Communications Commission (FCC) after the agency's chairman moved to thwart AT&T's acquisition of T-Mobile USA.

Microsoft offers Black Friday deals

For all those hoping to grab a bargain on gadgets, Microsoft is offering substantial discounts on a range of products for a special Black Friday sale!

China surpasses US as largest smartphone market

China has overtaken the United States to become the largest market for smartphones, according to a report by Strategy Analytics.

Apple now accepts Yuan for App purchases

If you’re from China and love Apple, here’s some good news for you -- you can now pay for apps from Apple's App Store in Chinese yuan.

Rumors say Facebook could go public by year-end

Rumors surrounding Facebook's initial public offering (IPO), one of the most anticipated in history, have thickened with reports saying the company may bring it out as soon as December.

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.