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Business News
Postbank sale may fail over target price: report (Reuters)

A woman walks past a Postbank branch in Frankfurt, Germany, June 17, 2004. (Alex Grimm/Reuters)Reuters - The sale of Germany's biggest retail bank Deutsche Postbank could fail because the price potential bidders are willing to pay does not meet the expectations of the lender's parent, Deutsche Post, a German magazine reported on Saturday.


Auto sector woes could spur deals: Renault CEO (Reuters)

Nissan Motor Co and Renault SA's Chief Executive Carlos Ghosn listens to a question during a news conference in Yokohama, south of Tokyo June 25, 2008. (Yuriko Nakao/Reuters)Reuters - A current slump in the global automotive sector could give fresh impetus to plans for consolidation within the industry, the head of French carmaker Renault said on Saturday.


BCE buyers finalize funding (Reuters)

A sign is seen outside the offices of BCE Inc., Canada's largest telecoms group, in Montreal, May 21, 2008. (Shaun Best/Reuters)Reuters - Announcing what it said were "essential milestones" allowing the world's largest leveraged buyout to go ahead, BCE Inc said on Friday that its buyers had finalized funding and were sticking to their C$34.8-billion ($34.1 billion) purchase price.


Hyundai union calls for work stoppage next week (Reuters)

An employee talks on a phone at a Hyundai automobile shop in Seoul April 24, 2008. Unionized employees of Hyundai Motor Co will walk off the job for four hours next week to push for a pay increase, the auto maker's union said on Saturday. (Jo Yong-Hak/Reuters)Reuters - Unionized employees of Hyundai Motor Co (005380.KS) will walk off the job for four hours next week to push for a pay increase, the auto maker's union said on Saturday.


Alabama likely site of new VW plant: report (Reuters)
Reuters - Alabama will be the likely home of a new Volkswagen manufacturing plant, beating two other states, German industry newsletter Automobilwoche said on Saturday, citing senior company sources.
Smooth sailing for yacht builders despite economy (AP)

Workers continue preparations on a super yacht at Trinity Boats in New Orleans, Tuesday, April 29, 2008. These days at New Orleans-based Trinity Yachts, the largest domestic builder, the biggest problems are having enough workers and enough time to handle the 24 custom contracts the company has for the luxury vessels.  'Nobody is buying these yachts because they need them,' said William S. Smith III, Trinity's vice president. 'They're buying them because they want them.' (AP Photo/Dave Martin)AP - Fuel prices are soaring and credit markets tightening, but the super-rich are still lining up to pay tens of millions of dollars for mega yachts.


Dutch want banks help to fight illegal Web casinos - 11, May 2008

AMSTERDAM (Reuters) - Dutch authorities intend to crack down on illegal online casinos and are calling on banks to stop providing financial services to them, a Justice Ministry spokeswoman said on Saturday.



AMSTERDAM (Reuters) - Dutch authorities intend to crack down on illegal online casinos and are calling on banks to stop providing financial services to them, a Justice Ministry spokeswoman said on Saturday.
"It is illegal to offer gambling services in the Netherlands without a permit. These companies know they break the law," she said.
She confirmed that Swedish online gamer Unibet and Dutch firm Oranje Casino, were targets, but declined to give other company names. The ministry has made a list of 30-50 Internet gamers and has asked banks to stop services to these companies.
The spokeswoman said dossiers would be passed to the public prosecutor who would be tasked with bringing cases to court.
In the Netherlands only the Dutch state lottery De Lotto has a permit to offer online gambling, and last month the Dutch upper house defeated a bill that would have allowed Holland Casino to open a gambling website on a trial basis.
The Dutch approach to online gaming has put it on a collision course with the European Union, which is pushing for member states to open up their markets to competition. In February the EU gave Greece and the Netherlands a final warning before it initiates court action over restrictions in their gaming markets.
Most of the illegal Web gambling is via credit cards.
"This is a Dutch issue, so we have only asked banks operating in the Netherlands to participate," the spokeswoman said.
Europe is grappling with the issue of Internet betting. While some countries like Britain have opened up to almost every kind of online gambling, others like Germany and France have been reluctant to follow suit, concerned about gambling addiction and worried that state betting monopolies would see their revenues eroded. 





(c) 2008 Reuters
Other news from Technology category:
  1. TV Asahi wants to ally with IT firm this year - 04, Jul 2008

    TOKYO (Reuters) - Japanese private broadcaster TV Asahi Corp aims to ally with an information technology and telecoms firm by the end of the year and is open to a capital tie-up, its president said.

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  2. LG Display Q2 seen surging but LCD outlook dimmer - 04, Jul 2008

    SEOUL (Reuters) - South Korean flat screen maker LG Display Co and two smaller Taiwanese rivals are set to post profits for the second quarter that more than trebled thanks to strong demand for TVs and tight supplies of PC panels.

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  3. Court order on YouTube user data fans privacy fears - 04, Jul 2008

    NEW YORK/SAN FRANCISCO (Reuters) - A U.S. judge's order to Google Inc to turn over YouTube user data to Viacom Inc sparked an outcry on Thursday from privacy advocates in the midst of a legal showdown over video piracy.

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  4. Economy casts pall on Sun Valley media fest - 04, Jul 2008

    NEW YORK (Reuters) - The deteriorating U.S. economy and slumping stock prices will frame discussions among top media and technology executives at the 26th annual Allen & Co confab in Sun Valley, Idaho, next week.

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  5. Just how many "brains" does a PC need? - 04, Jul 2008

    SAN FRANCISCO (Reuters) - Just how many "brains" does your personal computer need, anyway?

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  6. Game makers eye young girls with "Boogie SuperStar" - 04, Jul 2008

    LOS ANGELES (Reuters) - If "American Idol" and a modern fairy tale combined to create a video game, you'd get "Boogie SuperStar" -- Electronic Art's latest game for the Nintendo Wii system.

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  7. Game Group falls on fear demand has peaked - 03, Jul 2008

    LONDON (Reuters) - British computer games retailer Game Group smashed first-half profit forecasts, boosted by new releases like Grand Theft Auto IV and Wii Fit, but its shares slumped on concern that demand has peaked.

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  8. U.S. to showcase top fighter at UK air show - 03, Jul 2008

    WASHINGTON (Reuters) - The U.S. Air Force is sending its top-of-the-line F-22 Raptor fighter jet across the Atlantic for the first time, showcasing its capabilities even as it remains off limits for export and its production line is threatened at home.

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  9. Microsoft, Yahoo mull media partner options: sources - 03, Jul 2008

    SAN FRANCISCO/NEW YORK (Reuters) - Microsoft Corp and Yahoo Inc have been holding separate talks with other potential media partners after their negotiations with each other broke down, sources familiar with the companies' thinking said on Wednesday.

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  10. Mexico phone competition to heat up with numbers war - 03, Jul 2008

    MEXICO CITY (Reuters) - Mexicans can switch telephone
    operators without having to change their phone number beginning
    this weekend, a measure that will heat up competition in an
    industry dominated by billionaire tycoon Carlos Slim.

    More

 

Software News
'Containers' Out Perform Virtualization For KV Pharmaceuticals (TechWeb)
TechWeb - InformationWeek - With a container approach from Parallels' Virtuozzo, memory consumption and processor overhead are reduced through the use of one operating system per host.
Nokia 6220 Smartphone Released (TechWeb)
TechWeb - InformationWeek - The Nokia 6220 classic design includes 3G connectivity, compatibility with Microsoft Office applications, Bluetooth capabilities, and a 5-megapixel camera.
Microsoft Hopes Office Subscription Plan Will Counter Free Software (TechWeb)
TechWeb - InformationWeek - Microsoft is counting on Equipt's convenience factor to help it fend off threats from Google, IBM, and others that are offering free desktop productivity suites.
Three Startups To Solve SaaS Integration Problems (TechWeb)
TechWeb - InformationWeek - Boomi, SnapLogic, and Cast Iron are rolling out new offerings designed to help companies integrate software running in the cloud with onsite software.
Blogger Opinion: Why We Left NetSuite (NewsFactor)
NewsFactor - I first met our solution provider, Ray Tetlow, the founder of Skyytek, on the Oracle Small Business (OSB from now on) user forum. At the time we were struggling with version 7 of OSB. It was really incomplete and badly tested software. Not only was it painfully slow, but also a lot of the features on which we based our purchasing decision just did not work.
Krugle enhances code search appliance (InfoWorld)
InfoWorld - Krugle plans to ship next week an upgrade to its search appliance for enterprise software development projects, which makes it easier for teams of developers to maintain code.