Motorola in $1.2 billion deal with Nokia Siemens
Motorola announces that it has struck a deal worth $1.2 billion with Nokia Siemens Network for its wireless network equipment unit.
Google Discontinues Nexus One
Google, the Internet company, says that its Nexus One smartphone will be discontinued in the US due to weak sales.
Huge: Hybrid satellite-LTE network launches under name Lightsquared
By Tim Conneally, BetanewsFollowing yesterday's announcement that Nokia-Siemens would be acquiring Motorola's wireless infrastructure business for $1.2 billion, Nokia Siemens turns around and announces a $7 billion agreement to deploy, install, operate and maintain the U.S.' first wholesale LTE netw...
Huge: Hybrid satellite-LTE network launches under the name LightSquared
By Tim Conneally, BetanewsFollowing yesterday's announcement that Nokia-Siemens would be acquiring Motorola's wireless infrastructure business for $1.2 billion, Nokia Siemens turns around and announces a $7 billion agreement to deploy, install, operate and maintain the U.S.' first wholesale LTE netw...
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Olam International sets offer to NZ Farming Systems
Singapore-based commodity trader Olam International Ltd. has expressed plans to buy into NZ Farming Systems Uruguay Ltd. offering NZ$109.6 million ($77 million).
Marvell simplifies Plug Computing for developers with new installation tool
By Tim Conneally, BetanewsAs powerful chips are being made physically smaller, cheaper, and significantly less energy consumptive than previous generations, they can be used in places where computers hadn't gone before. More tasks can be automated and measured, more systems can be networked together...
Amid e-book price war, Kindle books skyrocket, outsell hardcover
By Tim Conneally, BetanewsIn the midst of a Summertime e-reader price war, initiated by Borders, matched by Barnes and Noble, and escalated by Amazon, e-books are flying off of their virtual shelves.Today, Amazon founder and CEO Jeff Bezos announced second quarter Kindle sales are fully accelerated,...
Bright Dairy offers $58 M to Synlait
Synlait Milk Ltd., a New Zealand milk processing firm, will now have better chances of doubling its capacity at its South Island plant because of a new offer from Bright Dairy & Food Co.
Facebook Founder Criticizes Film
Dustin Moscovitz, co-founder of social networking Web site Facebook, expresses disapproval for the forthcoming film The Social Network.
Olam International sets offer to NZ Farming Systems
Singapore-based commodity trader Olam International Ltd. has expressed plans to buy into NZ Farming Systems Uruguay Ltd. offering NZ$109.6 million ($77 million).
Foursquare talking to search engines over sharing data
By Ed Oswald, BetanewsSocial networking company Foursquare is in talks with Microsoft, Google and Yahoo over using its data to help enrich search results, UK paper The Telegraph reported on Monday. According to co-founder Dennis Crowley, the data would be anonymized and then shared.Foursquare is one...
Swords & Soldiers to be Released on Playstation
Swords & Soldiers, the originally Wii-exclusive game marches its way from one console to another with its release on the Playstation platform.
NZ Farming obtains $77-m offer from Olam International
Singapore-based commodity trader Olam International Ltd. has expressed plans to take control of NZ Farmin Systems NZ Farming Systems Uruguay Ltd. offering NZ$109.6 million ($77 million).
Aquila Resources bullish on Washpool project in Queensland
Australian mining exploration and development firm Aquila Resources has high hopes to produce hard coking coal from its Washpool project but needs would require $320 million of capital investment.
Rivals hit back at Apple over reception claims
Smartphone manufacturers bristle at Apple's claim that the iPhone 4's reception problems is a norm across the whole industry.
Crisis strategist gives Apple a "C" grade
Patrick Kerley, a crisis communication expert for Levick Strategic Communications, says that Apple should have responded faster to the uproar over the iPhone 4's reception problems.
Healthscope approves Carlyle Group and TPG Capital A$2-B offer
Australian hospital operator Healthscope Ltd. has approved of the for A$2 billion ($1.7 billion) offer of Carlyle Group and TPG Capital.
To improve foothold in U.S. and Japan, Nokia Siemens buys Motorola's wireless business
By Tim Conneally, BetanewsEuropean telecommunications giant Nokia-Siemens announced today that it will acquire the majority of Motorola Inc's wireless network infrastructure business for $1.2 billion.Nokia Siemens announced this morning that it will acquire Motorola's GSM and CDMA infrastructure bus...
Research says teen social media users may be dumber
Research reveals that more than half of parents with teens in social networking Web sites such as Facebook and Twitter believe that their children are becoming dumber.
Google buys Metaweb to improve results for complex search queries
By Ed Oswald, BetanewsGoogle moved to better its search results by acquiring Metaweb, a San Francisco based company that maintains an open database of "things," and their relationships to one another. Terms of the deal were not disclosed.Metaweb's database currently includes some 12 million items, i...
Fujitsu in deal with Department of Defence
Fujitsu Australia formalizes a $151.3 million deal with the Australian Department of Defence.
Steve Jobs shows little remorse about iPhone 4 Death Grip -- should he?
By Joe Wilcox, BetanewsYesterday, I recommendedfive things Apple should do during today's press conference about iPhone 4. Within hours of the post, Apple already had done two -- release a software update and informally deny that there would be an iPhone 4 recall.During today's media event, Apple CE...
Xbox 360, PS3 sales improve among wider video game downturn
By Ed Oswald, BetanewsData released by NPD Group Thursday indicates that among a wider slump in the video game industry in June, Microsoft was able to move back into the top spot in console sales for the first time in months. Overall revenues were down six percent year-over-year to $1.1 billion.Soft...
Apple admits iPhone 4 drops more calls than predecessors, gives out free 'bumpers'
By Tim Conneally, BetanewsIn a short-notice press conference today, Apple CEO Steve Jobs addressed the iPhone 4 reception issues that have been at the top of tech news for several weeks. In short, users complained of a significant drop in wireless signal when they touched a certain area of the iPhon...
Swan Taxis recommends Singapore firm’s offer to shareholders
Swan Taxis, the leading taxi operator in Western Australia, has advised the firm’s shareholders to approve the takeover offer worth $38.8 million of ComfortDelGro, a transport company based in Singapore.
CSL expands major biotech facility
CSL boosts the medical research capacities of Victoria with its announcement of the expansion of primary biotech facility worth $235 million.
Joomla accreditation may benefit Australian developers
Jentla, a Queensland-based software company, says that the new program to certify extensions for the open-source content management system Joomla will benefit small Aussie developers.
Dell submits $100 million settlement proposal to SEC on fraud charges
By Tim Conneally, BetanewsComputer company Dell today issued a statement announcing that it has proposed settlements to the U.S. Securities and Exchange Commission "on terms consistent with the settlement framework described in the company's quarterly report on Form 10-Q for its fiscal quarter ende...
Optus holds trials for LTE 4G
Optus, the mobile broadband service provider, demonstrates the initial results of its Long Term Evolution 4G mobile trials.
Crime syndicates said to have taken $80 million from bank accounts
Victoria's police department says that international crime syndicates have taken around $80 million from Australian bank accounts.
Report says Apple will not recall iPhone 4
In a new report, the Wall Street Journal says that Apple, the electronics company, will not be recalling the iPhone 4.
Intoll reports solid revenue
Australian toll-road operator Intoll Group (ASX:ITO) has posted strong June quarter revenue and traffic growth on its two toll roads.
Air New Zealand denies mulling 15% stake in Virgin Blue
Air New Zealand Ltd (ASX:AIZ, NZX:AIR) the nation's largest carrier, has dismissed speculations it is looking to acquire a stake in Virgin Blue Holdings Ltd (ASX:VBA).
U.S. Senator sends letter to Apple over signal issues
Charles Schumer, a Democratic senator from New York, sent an open letter to Apple CEO Steve Jobs over the much-publicized reception issues of the iPhone 4.
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