Category Archives: Business
Wal-Mart to sell iPhone 3GS for $97
BEIJING, May 25 — Wal-Mart said it will slash the price of Apple’s 16GB 3GS iPhone to 97 U.S. dollars this week, according to media reports Tuesday. Beginning Tuesday, the new price will save customers more than 100 U.S. dollars … Continue reading
New Microsoft phones aim at young consumers
BEIJING, April 13 — Microsoft on Monday unveiled two new mobile phones dubbed “Kin One” and “Kin Two,” aiming at young consumers who emphasize social networking. Both the new Kin phones have touch screens, slide-out QWERTY keyboards and cameras, and … Continue reading
GM to install brake safety precaution on vehicles
BEIJING, April 6 — General Motors, the world’s second-biggest automaker, said on Monday that it plans to install a new brake safety measure to prevent unintended acceleration in passenger vehicles worldwide by 2012. According to a statement issued Monday, the … Continue reading
Yahoo to shut down offices in holidays to cut cost
BEIJING, Dec. 22 — Yahoo says it will close its offices from Christmas through New Year’s Day to help cut cost, according to media reports Tuesday. Yahoo spokeswoman Dana Lengkeek said the move is the first time that the company … Continue reading
Christmas online sales surge in U.S. after snowstorm
BEIJING, Dec. 22 — While the snowstorm that hit U.S. east coastal area Saturday made stores sparse, it boosted the U.S. online sales over the weekend. According to the statistics from web research company Coremetrics, online retail sales rose 22.4 … Continue reading
EC objects to Oracle acquisition of Sun Microsystems
BEIJING, Nov. 10 — European Commission (EC) antitrust regulators have raised formal objections to Oracle Corp., the world’s biggest proprietary database company’s proposed 7.4 billion U.S. dollars acquisition of Sun Microsystems Inc. After it launched a formal antitrust probe of … Continue reading
Walt Disney film studio president resigns
BEIJING, Nov. 10 — Mark Zoradi, president of Walt Disney Studios Motion Pictures Group, stepped down after 29 years at the company, the studio announced on Monday. Zoradi’s resign follows the abrupt departure of Dick Cook in September as the … Continue reading
Apple director leaves Google’s board
BEIJING, Oct.13 — Arthur Levinson, a director at Apple Inc. and Google Inc., resigned from Google’s board, the Internet search leader announced Monday. Levinson’s move averted a regulatory probe into overlapping directors in the two companies. The Federal Trade Commission … Continue reading
Yahoo board member Icahn trims stakes with sale of 12.7m shares
BEIJING, Sept. 1 — Carl Icahn, one of Yahoo Inc.’s largest stockholders, has already sold 12.7 million shares, reducing his holdings to a 4.5 percent stake, according to media reports Tuesday. Icahn made the sale in the stock market’s last … Continue reading
Microsoft to announce Office tie-up with Nokia: report
BEIJING, Aug. 12 — Microsoft Corp. and Nokia Corp. are to announce a deal in New York Wednesday morning, unveiling plans to make Microsoft’s Office suite of software available on Nokia cellphones, media reports said Wednesday. The alliance between the … Continue reading