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Business News

Postbank sale may fail over target price: report (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)

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)

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)

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)

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.

MOUNTAIN VIEW, California (Reuters) - Google Inc expects to launch new products for its YouTube Web video service in the next few months and sees reason for closer cooperation with Yahoo Inc, Google Chief Executive Eric Schmidt said on Thursday.
Schmidt has said getting the video sharing site to make money is the Web search company's top priority for the year. He did not give details of the products, however, and they are not even in initial, or beta, testing.
At the company's annual shareholder meeting, Google co- founder Sergey Brin said YouTube and DoubleClick, an online advertising company bought by Google earlier this year for $3.1 billion, are still small businesses compared with its core search and advertising business.
"They both have potential, but for it to be a sizable part of our revenue, you're going to have to wait at least a couple of years," said Brin in response to a question about when those acquisitions would make a significant contribution to the company's bottom line.
Google bought YouTube for $1.6 billion in 2006.
The Web search leader played a large role in the takeover battle between Microsoft Corp and Yahoo. During a two-week test, it sold search advertisements on rival Yahoo last month as part of Yahoo's attempt to find an alternative option to Microsoft's offer.
Schmidt said the trial run provided good reason for the companies to discuss cooperation, but there was no deal yet.
"We view the test as successful," he told reporters before the Web company's annual meeting. "That's a good basis to talk to Yahoo some more."
The Google CEO, speaking later at the shareholder meeting, said the company will continue to growth faster outside of its home market. Google generated 51 percent of its revenue outside the United States in the March quarter, but Schmidt said he expects that figure to grow over time.

Other news from Internet category:

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States. When she's not running the Canadian news file, she enjoys long bicycling trips in Canada and beyond. In the
following story,
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Number of newspaper analysts dwindles - 04, Jul 2008
NEW YORK (Reuters) - Want to buy newspaper stocks? You should see an analyst. Trouble is there aren't many around anymore.

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Canadian fiddler looks for quick payday via eBay - 03, Jul 2008
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L.A. Times to cut 250 jobs, 150 in editorial - 03, Jul 2008
LOS ANGELES (Reuters) - The Los Angeles Times will slash 250 jobs, including 150 in the newsroom, and trim its published pages by 15 percent in an effort to save money in the face of declining revenues, the newspaper said on Wednesday.

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Google-Yahoo deal subject of antitrust probe - 02, Jul 2008
WASHINGTON (Reuters) - The U.S. Justice Department has opened a formal antitrust investigation into a deal between Google and Yahoo to share some advertising revenue, The Washington Post reported on Wednesday.

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Hollywood studio, Google forge new ground on Web - 01, Jul 2008
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Bloggers bemoan Zimbabwe's "stolen" election - 01, Jul 2008
JOHANNESBURG (Reuters) - President Robert Mugabe's re-election sparked cries of outrage from Zimbabwean bloggers on Monday and demands for international intervention.

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Citigroup adds Google, Time Warner to top picks live - 01, Jul 2008
(Reuters) - Citigroup added Google Inc and Time Warner Inc to its top picks live list, based on the search engine giant's near- and long-term outlook and a possible sale of Time Warner's AOL advertising and dial-up businesses.

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LVMH wins compensation from eBay in counterfeit case - 30, Jun 2008
PARIS (Reuters) - A French court ordered eBay Inc to pay 38.6 million euros ($61 million) to luxury goods group LVMH for allowing the sale of fake merchandise, in a ruling immediately appealed by the online auction website.

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Online fashion firm ASOS shines in consumer gloom - 30, Jun 2008
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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.

WITNESS: Virtual friends in a cancer world - 06, Jul 2008

Number of newspaper analysts dwindles - 04, Jul 2008

Canadian fiddler looks for quick payday via eBay - 03, Jul 2008

L.A. Times to cut 250 jobs, 150 in editorial - 03, Jul 2008

Google-Yahoo deal subject of antitrust probe - 02, Jul 2008

Hollywood studio, Google forge new ground on Web - 01, Jul 2008

Bloggers bemoan Zimbabwe's "stolen" election - 01, Jul 2008

Citigroup adds Google, Time Warner to top picks live - 01, Jul 2008

LVMH wins compensation from eBay in counterfeit case - 30, Jun 2008

Online fashion firm ASOS shines in consumer gloom - 30, Jun 2008