Microsoft on Thursday took an unexpected $900 million charge to account for what it called "inventory adjustments" for the Surface RT, the poor-selling tablet that debuted last year. Later on in the day, Microsoft held a conference call ...
Tags: Microsoft, Computer Products, software
A rebound for IBM failed to materialize in the second quarter, as profit and sales declined along with a slump in revenue from hardware and services. However, in its quarterly financial report Thursday, the company raised its forecast for ...
Tags: IBM, Computer Products, software
A rebound for IBM failed to materialise in the second quarter, as profit and sales declined along with a slump in revenue from hardware and services. However, in its quarterly financial report Thursday, the company raised its forecast for ...
Tags: Computer Products, IBM, software
Shell will halt production from its Auger platform in the US Gulf of Mexico while it ties in wells from the Cardamom development, the company said Wednesday. The deepwater platform is currently producing some 55,000 b/d of oil equivalent, ...
Dell's special committee has advised company founder, and prospective new owner, Michael Dell, to raise his acquisition offer following an improved counter-offer by rival Carl Icahn and his associate investors. The independent committee, ...
Alaska has extended an agreement with TransCanada that sees the state offer subsidies for the firm's work on a natural gas pipeline and LNG export project in the state, a state official said Wednesday. The previous agreement expired June ...
Tags: Gas Pipeline, Alaska
German publishers will disappear from Google News on Aug. 1 unless they opt in to the service as Google seeks to comply with a new German law. But the publishers said on Monday that this is not good enough, they want a share in Google's ...
Tags: Computer Products, Google
Sprint shareholders Tuesday set the stage for a potentially massive change in the wireless carrier competitive landscape by approving SoftBank's bid to buy 78%of the company for$21.6 billion. Sprint can use cash from the Softbank deal to ...
Tags: Sprint, SoftBank, Clearwire, acquisition
Billionaire Carl Icahn is approaching investors for$5.2bn in loans to back an alternative bid to buy out ailing PC maker Dell. Icahn,who will become Dell's largest external investor if Southeastern sell him about$1bn of its Dell shares,is ...
Tags: Carl Icahn, Dell, PC, investor
Truth, the nation’s largest youth smoking prevention campaign, today launched its latest mobile game, Graffiti Collective. In Graffiti Collective, players use their creative skills to create on-screen graffiti that can be geo-tagged ...
Tags: Graffiti Collective, Mobile Game
Carl Icahn's bid to disrupt plans to buyout Dell have ramped up, with the billionaire offering to pay $14 a share for a majority stake in the company if shareholders help him in reducing the proposed $24.4bn (£15.6bn) offer for the ...
Tags: Dell, Carl Icahn
Carl Icahn has acquired a larger stake in Dell and called for a better buyout offer than the proposal of US$13.65 per share from Michael Dell and Silver Lake Partners. Icahn has proposed that Dell commence a tender offer for around 1.1 ...
Tags: Dell, Carl Icahn, Buyout Deal
The US company Louisiana-Pacific wrapped up its complete take-over of the Peace Valley OSB mill on 31 May. The mill was previously operated as a joint venture with Canfor. The transaction was originally supposed to close at the end of 2012, ...
Tags: OSB mill, Louisiana-Pacific
Asia Packaging Group has concluded its previously announced deal to acquire Yuanxing Package (China) for $48m. Under the terms of a share purchase agreement dated 5 November 2012, the acquisition of Yuanxing was completed through the ...
Lushang Group, controlling shareholder of Silver Plaza Group (SHSE: 600858), spent CNY 250 million buying additional 5% shares in the listed company. Silver Plaza announced today that it received a tender offer from Lushang that planned ...