| Business News |
Oil slumps on easing storm worry and dollar
(Reuters)
 Reuters - Oil tumbled more than $5 on Tuesday,
pushing losses so far this week to about $10, as forecasters
said an Atlantic hurricane would steer clear of offshore oil
platforms and the greenback gained against other currencies.
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Alcoa's profit off but tops forecasts
(Reuters)
 Reuters - Aluminum producer Alcoa Inc on
Tuesday posted a smaller-than-expected drop in second-quarter
profit, lifting its shares, as higher aluminum prices and sales
volumes offset higher costs.
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Anheuser-Busch sues InBev over takeover attempt
(Reuters)
 Reuters - Anheuser-Busch Cos Inc sued
InBev NV in an effort to stop its Belgian-Brazilian
suitor from taking any more steps to replace the U.S. brewer's
board of directors, which had rejected a $46.3 billion takeover
offer from InBev.
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Stocks rise on banks and lower oil
(Reuters)
 Reuters - Stocks rose in another turbulent
session on Tuesday as a pullback in oil prices eased worries
about consumer and business spending, while financial shares
gained after the Fed chairman said he may keep open a lifeline
for banks.
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Traders plead guilty to foreign exchange scam
(Reuters)
Reuters - Two currency traders pleaded guilty on
Tuesday to defrauding investors, admitting their firm engaged
in almost no trading and that they misappropriated money from
investors and used it to buy luxury homes and cars, federal
prosecutors said.
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Paulson says U.S. home foreclosures to stay high
(Reuters)
 Reuters - U.S. Treasury Secretary Henry
Paulson said on Tuesday that home foreclosure starts may hit
2.5 million this year, many of them the borrowers' own fault
for taking out loans they couldn't afford.
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| RIM's new BlackBerry Bold targets business market - 12, May 2008 |
By Wojtek Dabrowski
TORONTO (Reuters) - Research In Motion Ltd (RIM.TO)(RIMM.O) is launching a new high-end version of the BlackBerry aimed at its core base of business users, but it hopes the sleek device will also catch on in the broad retail market.
The BlackBerry Bold, as the new smartphone is called, is the first BlackBerry to support high-speed HSDPA cellular networks and comes with integrated GPS, Wi-Fi and a host of multimedia features.
"It's really a step up in function in many core aspects of the system," RIM Co-CEO Jim Balsillie said in an interview.
The smartphone rolls out globally this summer and will cost between $300 and $400. AT&T (T.N) will be its lead carrier in the United States.
While Waterloo, Ontario-based RIM hopes the Bold will entice corporate users to upgrade the handsets they currently use, Balsillie said he "wouldn't be surprised if it gets picked up by the consumer".
The device will be a test of whether the shaky U.S. economy is making corporations less willing to spend on new wireless hardware. Some analysts have expressed concerns that companies will delay upgrades or cut back on spending on items such as the BlackBerry.
RIM helped dispel such worries last month when it delivered a higher fourth-quarter profit and a robust outlook.
The Bold features the most vivid display ever on a BlackBerry, a 2-megapixel camera with video recording capability, and a media player for watching movies and managing music collections.
(c) 2008 Reuters
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| Other news from Technology category: |
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TORONTO (Reuters) - A government auction of wireless spectrum aimed at bringing fresh competition to Canada's cellphone market has reached its final stretch, with total bids reaching more than C$4 billion ($3.9 billion) so far -- about twice the amount ex
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TORONTO (Reuters) - Nortel Networks Corp plans aggressive growth in the Asia-Pacific region over the next two to three years, hoping to capitalize on demand for network gear and services in rapidly growing markets such as India and China.
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SAN FRANCISCO (Reuters) - Video game publisher Electronic Arts Inc said on Tuesday it complied with a regulator's request for more information on its Take-Two Interactive Software Inc bid, moving a step closer to buying its rival.
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LONDON (Reuters) - Apple's new iPhone sold out online in Britain ahead of its Friday launch, defying general consumer gloom as the country's economy threatened to tip over into its first recession in more than a decade.
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NEW YORK (Reuters) - Business software maker VMware Inc on Tuesday said President and Chief Executive Diana Greene is stepping down and will be immediately replaced by Paul Maritz.
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HELSINKI (Reuters) - Nokia Oyj is expected to report a 16 percent earnings rise due to strong demand in emerging markets, yet its comments on the impact of slowing growth is likely to set the tone for its shares.
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Activision Inc shareholders Tuesday are expected to approve a merger with Vivendi Games that will allow the deal to close within days and create a new top dog in the fast-growing video gaming world.
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LOS ANGELES (Hollywood Reporter) - Booths hawking survival products pack a church. Vendors sell gasoline generators, water purifiers, grain grinders, solar cookers, gold coins and portable radios.
More
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AMSTERDAM (Reuters) - Philips Electronics said on Tuesday it would outsource its PC monitors business to TPV Technology , following earlier steps to boost profitability at its loss-making TV unit.
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SEATTLE (Reuters) - Microsoft Corp introduced on Wednesday pricing for its suite of online services targeted at corporate customers and a revenue-sharing plan to encourage other companies to sell the software company's products.
More
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| Software News |
EA says has complied with FTC request on Take-Two
(Reuters)
 Reuters - Video game publisher Electronic
Arts Inc said on Tuesday it complied with a
regulator's request for more information on its Take-Two
Interactive Software Inc bid, moving a step closer to
buying its rival.
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VMware shares plunge on CEO change, slowing growth
(AP)
AP - VMware Inc. abruptly replaced co-founder Diane Greene as chief executive Tuesday and lowered its sales outlook, triggering alarms that pounded the business software maker's shares to their lowest depths since the company's lucrative public offering 11 months ago.
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Microsoft Sets Hosted-services Pricing, Irks Partners
(PC World)
PC World - Some Microsoft partners are less than thrilled by the company's push into a software-plus-services model, which will compete...
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Irrigation Systems Soak up Top Prizes in Software Contest
(PC World)
PC World - An irrigation automation system, developed by a team of Australian students, won Microsoft's Imagine Cup programming contest.
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VMware warns on revenue, replaces CEO
(Reuters)
Reuters - Business software maker VMware Inc
warned on Tuesday that 2008 revenue growth will fall short of
expectations and said it has replaced its chief executive,
sending its shares tumbling 30 percent.
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New Yahoo board might lure Microsoft back into talks
(USATODAY.com)
USATODAY.com - Microsoft threw its weight behind investor Carl Icahn's effort to oust Yahoo's board next month, saying Monday that a successful rebellion would encourage the software maker to renew its takeover bid for Yahoo or negotiate another deal.
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