Money Matters - Simplified

Technology

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AMD acquires ATI for $5.4 billion

A designer, manufacturer and marketer of industry-standard digital integrated circuits (ICs), Advanced Micro Devices Inc (AMD), said on Monday it would acquire top graphics chip maker ATI Technologies Inc.


China in Progress to Develop Deep Space Exploration

Beijing -- "Chinese explorers found nearly 10,000 stones fallen from space in the Antarctic area, including one from the moon and two from the Mars," said Ouyang Ziyuan, a member of the Chinese Academy of Sciences, at the ongoing 36th Committee on Space Research Scientific Assembly on Friday.

He also mentioned that humanity has altogether obtained 26 stones fallen from the moon in the past.

Some scientists in China are also planning another space project, the "KuaFu Mission", aiming to study the activities of the Sun.

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eBay to Raise Fees For Its Online Stores

San Francisco -- eBay Inc. reported its second-quarter results on Wednesday and with this, it also disclosed plans a buy back of $ 2 billion in stock; that would be the first share repurchase in the Internet giant's history.

However, the San Jose online marketplace expressed fears about a slowdown in the company's e-commerce business by saying it will raise fees for sellers who operate online stores, a move that will inevitably elicit grumbling from some of the Web site's users.

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Philips Announces Buyback

Amsterdam -- Royal Philips Electronics NV reported better-than-expected second-quarter earnings and revenue growth on sales of medical scanners. The company also announced a 1.5 billion-euro ($ 1.89 billion) stock buyback.