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.

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.

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.

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 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 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.

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.

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.

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.

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.