In what could be the first major nail in the DVD sales coffin, Wal-Mart has announced that it is going to test a video download service on its website next year. When Wal-Mart, the world's largest retailers and America's largest seller of movies shifts...
Archive - November 2006
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The US Supreme Court yesterday upheld last year's Illinois Supreme Court ruling throwing out the massive $10.1 billion judgment against Philip Morris in a class-action lawsuit involving cigarettes sold as 'light'.
The class-action lawsuit claimed...
Boeing has turned away Southwest Airlines, Boeing's best customer to date having sold a whopping 477 Boeing 737s to the company alone. Southwest Airlines that flies only Boeing 737s wanted to add two more places on its recent order of 80. However, Boeing...
US carmaker Ford has admitted that it plans to borrow $18 billion to get back on its feet from its rapidly worsening financial condition. What's more, Ford has also admitted that it was pawning its US plants as collateral for the latest loans.
Ford...
The Italian government has floated a new conflict of interest law that may weaken Silvio Berlusconi's dominance of the Italian television and help rival media baron Rupert Murdoch, Chairman and CEO of News Corp in the country.
Under the proposed law...
The world's largest retailers Wal-Mart is poised to enter the retail market in India following an agreement with India's Bharti Enterprises. The two companies announced that they have entered into a deal to what they termed as - 'jointly explore business...
Oil prices is once again all set to rise owing to the multiple factors such as disruption in oil production in Nigeria, oil production cut by OPEC, increased demand of oil during winters and troubled Middle-East. Under these circumstances...
Google has reached an agreement with the Belgian copyright groups Sofam and Scam who represented about 3700 photographers and journalists respectively. Google lost a copyright case initiated by the group Copiepresse that was representing French and...
Sony has announced that it is recalling eight models of its popular Cyber-shot digital cameras after finding a glitch in its LCD display screen. Sony revealed that due to a glitch in the image sensor, the screen doesn't display the image correctly. The...
The US dollar has fallen steeply against major world currencies today amid concerns for the US economy. It plunged to its lowest level against the euro in more than one and half year as the euro sold for $1.30 a dollar. Similarly, the Pound Sterling rose...
A US federal judge has ruled that thousands of cases filed by patients who suffered side affects of the painkiller Vioxx cannot be combined into one class action suit against Merck & Co, the manufacturers of the drug.
Judges Eldon Fallon reasoned...
Mounting risk of inflation is a serious concern for the financial leaders of the world's top economies. In a recent meeting of Group 20, all the leaders have given the danger of inflation top priority to handle. In the meeting emphasis was laid on...
The London Stock Exchange has rejected US-based NASDAQ's final bid of $5.1 billion that would have resulted in LSE being acquired by NASDAQ in what would have been the first transatlantic stock exchange. The reason given was that the amount was too low...
Nintendo's new console, the Wii games console has gone on sale in the US yesterday. Several thousand fans lined up, many of whom had camped for days to get a unit in New York and Hollywood. The Wii is largely seen as Nintendo's answer to Sony and...
In a bid to become the world's first transatlantic stock exchange, NASDAQ has launched a bid of £2.7 billion ($5.1 billion) to acquire the famed London Stock Exchange, which is Europe's biggest stock market.
NASDAQ has built up a 25 percent stake in...
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