Microsoft announced this morning that consumers can now pre-order its Surface tablet, the latest mobile contender to Apple's iPad. Orders placed today will ship on Oct. 26, the same day a promotional blitz for the new tablet will hit 65 Microsoft stores, according to CNN.
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Citi CEO Vikram Pandit Steps down Abruptly, What's Next?
Citigroup Inc. announced on Tuesday that CEO Vikram Pandit, 55, who has held the post since the eve of the financial crisis in 2008, is stepping down.
Zumba Prostitution Scandal: Ex-South Portland Mayor James A. Soule on Client List, Judge Allows Release of Ages and Addresses
Kennebunk police have now disclosed the names and addresses of the first 21 defendants in the Maine Zumba prostitution scandal, the Portland Press Herald reported.
Australia's Nine Media Company Agrees to Debt/Equity Swap, CVC Loses $1.8 Billion in Asia's Largest-Ever Single Deal Private Equity Loss
After months of negotiations, Australia's Nine Entertainment television network, one of the country's biggest and best known, has agreed to swap more than $3 billion in debt for equity, Reuters reported Wednesday.
Apple 'iPad Mini' Debut? Oct. 23 Media Event Confirmed
The rumored Apple media event scheduled for Oct. 23 is real, according to a Reuters report today. Although an Apple spokeswoman is still being tight-lipped about the agenda, the expectation is that the event will launch, or at least confirm, the existence of a smaller, less expensive version of the iPad.
Latest News
In the ultimate David and Goliath story, the China Petroleum & Chemical Corp., Sinopec, Asia's largest refiner and one of China's biggest state-owned firms, dropped its hostile bid to take over the much smaller, privately-held China Gas Holdings after a contentious struggle lasting nearly a year, according to major media stories.
The Wall Street Journal has recognized the world's hottest new innovations with its annual Technology Innovation Awards, highlighted in today's paper. Culled from 536 applications originating in two dozen countries, the 37 winners and runners up span 18 categories and include start-ups as well as larger, more established companies.
The police in this upscale coastal town have released 21 names of a suspected 150 clients who patronized an alleged prostitution ring disguised as a Zumba dance studio, CBS News reported this morning.
In the latest coup for what was an early Internet sensation when it the scene in the mid-nineties but has more recently been waning, Yahoo Inc. has recruited a top advertising sales executive from its rival Google, Vice President Henrique de Castro, as its new Chief Operating Officer. Mr. de Castro will take the reins from another Google veteran Marissa Mayer who has been CEO and President at Yahoo since July.
BMX world champion Kyle Bennett was in a tragic car accident early Sunday morning that took his life.
The Japanese telecommunications company Softbank Corp. has struck a deal to buy a 70 percent stake in Sprint Nextel for $20.1 billion.
After months of negotiations, the German retailer Douglas Holding, which is known throughout Europe for its perfumeries, jewelry and book stores, is well on the road to going private. The Wall Street Journal reported on Monday that the company's founding family has joined private equity firm Advent International in a takeover offer.
On Sunday, Austrian sky diver Felix Baumgartner broke records for altitude and speed when he jumped from a capsule 128,000 miles from the earth, to land in Roswell, New Mexico. Yes, that Roswell.
U.S. retail sales rose 1.1 percent in Sept. according to data released on Monday from the Commerce Department, totaling $412.9 billion. The growth is better than expected and good news for the economy, since consumer spending accounts for about 70 percent of the country's total economic growth.
