Rahul - Instablogs
Nov 7 2007
A corruption scandal at the Samsung Group, the South Korean conglomerate, widened Tuesday as prosecutors opened a formal investigation into charges that its chairman masterminded a broad scheme of bribery and illegal transactions. The Samsung Group is...
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Nov 7 2007
Dell is to acquire EqualLogic for $1.4 billion in a move to claim a larger share of the data storage market. Michael S. Dell, who returned to Dell as chief executive in January, said the acquisition would help Dell simplify corporate storage for...
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Nov 7 2007
Julie Roehm, former advertising executive for Wal-Mart Stores has decided to drop her breach-of-contract lawsuit against the retailer, saying that the lawsuit had become financially draining and more complex than she had expected. Wal-Mart Stores, Inc....
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Nov 7 2007
Google is hoping to take over the iPhone. Google, which wants to be as central to the coming wireless Web as it is to today’s PC-dominated Internet, announced on Monday that it was leading a broad industry effort to develop new software...
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Nov 7 2007
General Motors is to take a $39 billion noncash charge in the third quarter to remove net deferred tax assets from its books. General Motors Corporation, also known as GM, an American multinational corporation, is the world’s largest auto company...
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Nov 6 2007
A declining dollar and high oil prices prompted investors and speculators to buy gold heavily on Tuesday, with the metal hitting a 28-year high and trading about $30 below its record peak. Spot gold hit a high of $821.30 an ounce, its best level since...
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Nov 6 2007
A merger between satellite radio providers XM Satellite Radio and Sirius seems imminent by the end of the year. XM Satellite Radio Holdings is one of two satellite radio (SDARS) services in the United States and Canada, along with Sirius Satellite...
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Nov 6 2007
Nortel, North America’s biggest maker of telephone equipment, said it earned $27 million for the quarter ended Sept. 30, compared with a year-earlier loss of $63 million. Nortel Networks Corporation formerly known as Northern Telecom Limited and...
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Nov 6 2007
Mattel the world’s largest toymaker, has recalled 155,000 of its products made in Mexico over safety concerns. Mattel Inc. is an American toy company and is the largest toy company based on revenue. Its products include Barbie dolls, Hot Wheels...
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Nov 6 2007
George Soros, the famed billionaire investor said on Monday that the U.S. economy is “on the verge of a very serious economic correction” after decades of overspending. George Soros is an American financial speculator, stock investor,...
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