The early hours of Friday morning had seen disruption in services of Microsoft. Very essential services such as Hotmail, Skydrive and Office were rendered useless for a long time. This was due to a technical error. The firm has launched a probe for finding out the reason for this outage so that it can be fixed and such disruption can be prevented in the future.

Volkswagen is planning to drop the idea to collaborate with Porsche SE, who intends to grab the sports car segment alone.

Medtronic Inc has accepted that the defects in its security insulin pumps could help hackers control the device with a remote.

However, company officials have notified that the 200,000 diabetes patients who have been using the device should not worry as the risk of the cyber attack was near to the ground.

It has emerged that Indian steel giant Tata Steel will be cutting 1,200 jobs in Scunthorpe and 300 in Teesside from its Long Products division. Moreover, the firm has said that it will be further investing £400m in the division over the next five years to help turn the business around.

The UK's biggest care home chain, Southern Cross has admitted that it is running in loses of £310.9million. The care home can no longer afford to pay the rent on its 736 homes. If the financial problem of the care home is not solved, it may have to shut down its 200 homes immediately.

Land & Lakes Ltd., part of the Kingmoor Park Properties Ltd., which is into tourism development has revealed their plans to get a site near Holyhead on Anglesey, they were reported to have signed an option agreement for the land owned by Anglesey to build the resort.

There is now a host of online information service portals. This has sidelined the importance of the good old Yellow Pages that used to be the answer to all queries of a person. Yellow pages publisher Yell is struggling to make a comeback in the field of media and is planning to builds its own presence in digital media.

There has been a drop of 4% in the trading outlook of Enterprise Inns. There has been a reported plunge in the profits earned by the chain of pubs in the half year reports. They have gone down from £91m to £61m.

There has been an announcement made about the changes made in the price range of the drug making giant Glencore. There has been a rise of as much as 5p.

First-quarter sales of the U. K. insurer, Aviva fell 14% this year as compared its sale during the same quarter last year. The insurer has said that the decline in profit was due to its plan to move away from selling lower-margin products in areas such as Europe and the U. S.