Apotheker: I pulled up SAP from ’Brutal’ Slump
SAP AG Chief Executive Officer Leo Apotheker, who resigned unexpectedly, told employees that he did what was best for the company during a “brutal economic crisis”. Apotheker, 56, had struggled with both customer and employee discontent.
Sales tumbled at SAP last year, while Oracle Corp. claimed market-share gains.
UPS to lay off at least 300 pilots
In a move that underlines the company’s need for “belt-tightening” in a gradually-recovering economy, the world’s leading package delivery shipper, the Atlanta-based United Parcel Service Inc. (UPS), intends laying-off as least 300 pilots.
Boeing’s gigantic 747-8 Freighter successfully completes test flight
A notable landmark was Monday achieved in the history of the renowned Boeing 747 – with the 747-8 Freighter finally completing a successful snag-free test flight at Paine Field in Everett, north of Seattle, Washington.
The much-awaited first flight of the 747-8, which is the newest and biggest commercial jet from Boeing, was delayed two times last year.
Microsoft’s Unreleased Windows Mobile 7 Details Leak
Prior to the official announcement of Mobile World Congress (MWC) in Barcelona, the much curiously awaited Microsoft’s Windows Mobile 7 operating system’s details are rumored to be out on the blogs.
Microsoft Losing its Fame
Microsoft is moving to pull the plug on Xbox Live online play for the original Xbox. But the long life of the original Xbox was never that long to begin with. The company is trying to upgrade the players to the Xbox 360. The generations of the Xbox 360 are apparently free.
Google’s Software Will Enable Translation of Foreign Languages in Smartphones
Google is developing a smartphone software technology that will translate several foreign languages easily and accurately.
Google claims that the new device would be capable of converting speech into another foreign language, instantly.
For now, Google’s database includes more than 52 of the estimated 6,000 languages, known across the globe.
NHS Warns House Shortage Due to Slump
As per the calculations of the National Housing Federation, only 122,700 homes have been built in England, since April 2009. The number has reduced pretty much, as comapred to the previous records.
NHS, thus warns, that the slump may leave millions of people, trapped in overcrowded and substandard housing, in the coming generations.
Sony Losing Money on Each PS3 Sale
Although, Sony’s Play station 3 made a remarkable start after its launch and the sales figures for it are now looking rosier, yet, the company continues to lose money on the sale of each console.
Sony loses around six cents per dollar per PS3 sale, which is down from around 13 cents in the dollar, when the console was originally launched.
U.S. Average Gasoline Price Reported a Fall in Last Two Weeks
The average price of regular gasoline in the United States reported a decline in the last two weeks, undercut by plunging crude oil prices as a glut of petroleum products, an industry analyst revealed on Sunday.
Dimon Acquires $17m Bonus in Stock
Mr. Dimon will receive his entire $17m bonus in delayed justice with a $1m salary in cash, whose bank made an $11.7bn profit in 2009. Last year he received his salary but no bonus.
His bonus is more than Morgan Stanley's James Gorman who got an $11m bonus but less than that awarded to Mr. Lloyd Blankfein, the head of Goldman Sachs.
Options Being Considered by Deutsche Telekom for Underperforming T-Mobile USA Division
Reports and sources have speculated that Deutsche Telekom is looking at various options to try and revive its underperforming T-Mobile USA division. Options include an initial public offering or spin-off.
Bonus Worth $9 Million Bagged by Goldman's CEO Blankfein
Official reports have confirmed that for his performance in the year 2009, the Chairman and Chief Executive Officer of Goldman Sachs Group Inc., Lloyd Blankfein was awarded a bonus of $9 Million in stock. Over the past year, the profits of the group had managed to rise to hit an all-time high and value of the shares had doubled.
IBM acquiring Chicago-based Initiate Systems
In a Wednesday statement, technology bigwig IBM Corp. revealed that it is acquiring the Chicago-based, 1995-founded Initiate Systems – a firm whose software plays a vital role in the organization and management of data across a number of diverse computer systems, for the health-care industry and government organizations.
Microsoft Suspects Another Flaw in Internet Explorer
Microsoft is investigating another flaw in the Internet Explorer. The flaw can cause an unauthorized disclosure of information for users running the browser on older operating systems.
The flaw is different from the one used to attack Google and other companies.
Intel Plans to Release Six-Core Chip
Intel is planning to release six-core chips for the high-end desktops and servers in the first half of this year.
The six-core chips will be based on Intel’s latest Westmere architecture and would provide faster performance and power saving options. The chips will contain 1.17 billion transistors and 12MB of cache.
US Private Sector Firms Eliminates 22,000 Jobs in January, ADP Reports
The ADP employment report issued Wednesday revealed that the private-sector firms in the U. S. eliminated 22,000 jobs in January, the 24th decline in a row as the labor market continues its sluggish path toward recovery.
Monster to Acquire Yahoo's HotJobs Site for $225 Million
Monster Worldwide Inc. announced on Wednesday that it will acquire Yahoo Inc's HotJobs site for $225 million in cash, citing an improving job market.
AIG Employees to Receive New Round of Bonuses
The Obama administration's compensation czar announced Wednesday that it will initiate a new round of bonus payments to employees of American International Group Inc.'s financial-products division, but acknowledged that he is constrained by guarantees the company made to employees years ago.
Traders Prepare for Latest Toyota Earnings and Safety Statement, Shares Plunge
On Thursday, shares of Toyota Motor Corp. recorded a drop of over 4%, mainly on the back of a hoard of safety issues that have been discovered with the company's cars, and as traders prepped themselves for the automobiles manufacturer's latest financial results, in addition to a statement addressing all concerns about the Prius hybrid.
Sega Plays A Lot More With Shenmue
It seems that Sega has realized that it has not recently played with our hearts as it has brought the future of the franchise of Shenmue in a much dangerous position. It has been reported that Sega had made it public that a series of Shenmue is very much in their thoughts but it is a little difficult to implement as the sales are a huge factor that has to be considered.
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