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Apple on Tuesday announced the biggest changes in the history of its iTunes online media store, saying it would offer the vast majority of songs without copy restrictions and at three price levels rather than the current 99-cent flat rate.
Apple also announced that it would begin offering iPhone owners the ability to download songs...
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Inflation remained unchanged in the United States last month on a downturn in energy costs, the US Labour Department said Thursday.
On a seasonally adjusted basis, the consumer price index remained "virtually unchanged" in September from the previous month after falling 0.1 per cent in August. Prices increased 4.9 per cent...
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Inflation remained unchanged in the United States last month on a downturn in energy costs, the US Labour Department said Thursday.
On a seasonally adjusted basis, the consumer price index remained "virtually unchanged" in September from the previous month after seeing its first decrease in two years in August with a fall of...
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The US financial crisis has gone global, putting the world on the brink of a recession that can only be resolved through international cooperation, International Monetary Fund Managing Director Dominique Strauss-Kahn said Thursday.
In a press conference at IMF headquarters in Washington, Strauss- Kahn warned that a lack of confidence...
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In a surprise development, Wells Fargo bank and the fourth-largest US bank Wachovia Corp. announced Friday that Wells Fargo had entered the bidding with an offer for a complete merger with Wachovia.
The announcement said Wells Fargo had presented Wachovia with a signed and board-approved offer to buy Wachovia as an intact company in a...
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US banking giant Citigroup Inc will buy the bulk of the operations of fourth-largest bank Wachovia Corp, the latest consolidation move under government watch in the ongoing credit crisis.
Citigroup will buy the banking business of Wachovia and get government help in absorbing some of the losses related to the subprime-mortgage market,...
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The fallout from the largest-ever US bank failure rippled through markets on Friday after federal regulators late Thursday shut down the country's largest savings and loan, Washington Mutual Inc (WaMu).
The firm's assets were immediately sold to banking giant JP Morgan Chase & Co for 1.9 billion dollars, creating the largest US...
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It is a dramatic race against time - while Washington fights a battle over a mammoth rescue plan for the financial sector, the credit crisis is bringing down one US bank after another.
The latest victim was the country's once-leading savings bank, Washington Mutual Inc (WaMu). Federal regulators late Thursday shut down the...
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The US chemical concern DuPont announced Tuesday that it was elevating executive vice president Ellen Kullman to the position of president as of October 1 and chief executive officer effective January 1, 2009.
The 52-year-old Kullman, who has worked for DuPont since 1988, is to replace Charles O Holliday Jr, a 38-year veteran of the...
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The largest US investment bank Goldman Sachs Group Inc on Tuesday announced that third-quarter profits dropped 70 per cent to 845 million dollars, but stressed the company was doing better than its competitors.
The earnings compare to a 2.9 billion dollar profit for the same quarter in 2007, the bank said in a statement from New York....
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 On Wednesday, tropical storm Gustav headed toward Cuba after it had killed 11 people and caused a lot of floods and damages in the Caribbean. Louisiana and the Gulf Coast are also threatened by the tropical storm which could become a Category 3 hurricane.A meteorologist at the National Hurricane Center in Miami, Rebecca Waddington,...
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A cruise ship grounded for about nine hours near Glacier Bay in Alaska. The ship ran aground at 7:12 a.m. A Coast Guard spokesman reported for the Associated Press that the cruise ship has been towed to safety.A spokesman for Cruise West, the owner of the ship, said that the vessel was taking passengers to the Juneau airport. The...
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Republican presidential candidate John McCain on Monday took exception to the comments of retired general Wesley Clark, who suggested that McCain's long record of military service did not qualify him to be president.McCain, regarded as a war hero after being held captive and tortured for five years in Vietnam, called the remarks...
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 The U.S. television
personality Ed McMahon is on the edge of loosing his Beverly Hills home to foreclosure, according
to a spokesman who revealed the details on Wednesday. It seems that his
multi-million dollar estate is on the sale’s market for the last two years. The
initial sale price was around $7 million, according to his real...
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 Sen. John McCain said Thursday that most American troops
would be home from Iraq
by 2013 and that Osama bin Laden would be captured.
“By January 2013, America
has welcomed home most of the servicemen and women who have sacrificed terribly
so that America
might be secure in her freedom. The Iraq War has been won,” Mc Cain told...
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This is the price Californians may have to pay if they are
caught by the police with their pets on their lap while driving: a $35 fine.
The Assembly approved on Monday a bill that puts an
interdiction on holding dogs or cats in lap while driving, as this can be very
distracting and possibly lead to an accident. The bill refers to...
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 The FBI hit the jackpot the other day when they finally
caught Columbia’s
most feared narcotic kingpin.
Diego Montoya, who goes by the alias "Don Diego,” was
the top boss of the Norte del Valle cartel, believed to be responsible for
two-thirds of the cocaine exported from Colombia
to Europe and the US.
Mr. Montoya was on...
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 After its opening in 1914, the 93-year-old canal is ready to
“grow up.”
Construction on expanding the Panama
Canal started on Monday. The project is said to be worth a
staggering 5.25-billion-U.S.-dollars and is to be completed by 2014, in time
for the centenary anniversary of its opening.
The canal represent a milestone in...
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Zimbabwe's ruling Zanu-PF party has announced that a new government will be set up by the end of February, the state- controlled Herald Online reported on Monday.
The announcement was made by a senior Zanu-PF official, Nicholas Goche, during a meeting with South African facilitator Sydney Mufamade on Saturday.
He said Zimbabwe's...
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Singapore Airlines says it will defend allegations by the watchdog Australian Competition and Consumer Commission (ACCC) that its cargo subsidiary was involved in an illegal international price-fixing freight cartel, ABC radio reported on Monday.
The ACCC claims a number of airlines fixed the price of a fuel surcharge on freight...
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A 60-year-old Australian woman was sentenced Wednesday for her part in the mercy killing of the 71-year-old Alzheimer's sufferer who had been her partner for 18 years.
In sentencing Shirley Justins to spend her weekends in jail for the next two years for the manslaughter of former Qantas pilot Graeme Wylie, Judge Roderick Howie...
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Australian banks Tuesday pulled the rug from under debt-laden local leveraged buy-out specialist Allco Finance Group.
Receivers were appointed for Allco and its shares placed in a trading halt after talks with the 12 banks failed to reach agreement on a repayment schedule for debts of 667 million Australian dollars (446 million US...
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Australia's securities regulator Friday joined its counterparts in the United States and Britain in curbing the short-selling of shares that has contributed to the tumult on stock markets.
The Australian Securities and Investments Commission (ASIC) ruled that from Monday a temporary ban on what's called naked short-selling would take...
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More than 2 per cent was wiped off the value of Australian shares Thursday in response to a 4-per-cent fall on Wall Street.
The ASX 200 gave up 115 points, or 2.4 per cent, to close at 4,607.
A fourth day of losses was stemmed by bargain-hunting near the close that dragged the market up from an intraday low of 4,563.
Stocks are...
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An Australian heartbroken man who decided to put his life on
sale on the Internet was bewildered to see that bids to buy his existence had
reached about $2 million, while he thought it was only worth a quarter of that
sum.
Ian Usher, who emigrated from England to Australia six years
ago, first auctioned his life on eBay in March,...
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The Organization of the Petroleum Exporting Countries (OPEC) on Wednesday met for an extraordinary conference in the Algerian city of Oran at which its member nations are expected to approve a cut in oil production of about 2 million barrels per day.
With global oil demand falling this year for the first time since 1983, the group...
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Spanish giants Atletico Madrid announced on Monday that they would travel to Marseille, for Tuesday's Champions League clash against Olympique just hours ahead of the kickoff.
Like most European teams, Atletico normally travel the day before the game, in order to get used to the city, the stadium and the weather.
This time,...
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Two days before the Organization of the Petroleum Exporting Countries (OPEC) was set to meet in Vienna to discuss production cuts, the cartel's basket price fell by 3.53 dollars Wednesday.
Pulled down by falling stock markets and reports of growing stocks and slowing demand in the United States, one barrel (159 litres) of OPEC crude...
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Serbia and the Italian carmaker Fiat on Monday signed a joint-venture deal expected to bring almost 1 billion euros (1.3 billion dollars) in investment and revive the moribund Serbian car industry.
"This is a big day for Serbia," President Boris Tadic said after the contract was signed.
Fiat would pour 700 million euros...
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After dropping more than eight dollars this week, the price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) gained 1.19 dollars on Wednesday, OPEC said on Thursday.
One barrel (159 litres) of OPEC crude stood at 87.88 dollars Wednesday, up from 86.69 dollars on the previous day.
OPEC...
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Malaysia's national carrier on Tuesday announced profits of 40 million ringgit (12.12 million dollars) from April to June 2008, an 64.5 per cent drop from the same period last year.
Government-controlled Malaysian Airline System (MAS), which carried 14 million passengers last year, had posted a net profit of 112.85 million ringgit...
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The SAS Group, the operator of the joint carrier Scandinavian Airlines, reported a second-quarter pre-tax loss over record high fuel costs and overcapacity, the group said Thursday as it announced new belt-tightening measures.
The SAS share, however, gained 4 per cent in opening trading on the report and slipped slightly under that...
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The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) has dropped below 110 dollars per barrel, OPEC announced on Wednesday.
One barrel (159 litres) of OPEC-produced crude stood at 109.09 dollars Tuesday, 2.19 dollars lower than the 111.27 dollars recorded on the previous day.
The price...
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The price for crude oil produced by the
Organization of the Petroleum Exporting Countries (OPEC) dropped by
nearly five dollars on Wednesday, according to a statement by OPEC on
Thursday. One barrel (159 litres) of OPEC-produced crude
stood at 133.09 dollars Wednesday, 4.91 dollars lower than 138 dollars
on the previous day. ...
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the 132nd day of 2008 with 234 to follow. This is Mother's Day. The moon is waxing. The morning stars are Venus, Neptune, Uranus and Jupiter. The evening stars are Mars, Mercury and Saturn.Those born on this date are under the sign of Taurus. They include Ottmar Mergenthaler, inventor of the Linotype typesetting machine, in 1854;...
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 The United Nations agency chiefs and the World Bank's representatives decided on Tuesday to set up a task force to tackle the rise in global food prices which is threatening poor countries, which are the world's most vulnerable areas. The United Nations said in a statement the crisis has evolved into “an unprecedented challenge of...
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 Although only a fraction of global oil supply could be
immediately threatened by a Turkish incursion into northern Iraq,
the result of any conflict might escalate and disrupt the flow from the Middle
East.
The effect of the dispute was magnified in oil markets as it
came against a backdrop of tightening supply, said Paul...
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 Wal-Mart is thinking of expanding its piece of the nation’s
$250 billion retail pharmaceutical market beyond its current share of 5 to 6
percent, and hopes to do so by reaching out to a younger and broader drug
clientele.
Many of the drugs previously on the Wal-Mart plan were
heart, high blood pressure, and diabetes drugs commonly...
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 Having both Sony and Microsoft fighting for sales of their gaming consoles, the Xbox and the PS3, you may observe that, in many cases, their statements don’t even name Nintendo’s Wii as a direct competitor. Instead, they try to ignore (at least when they speak to the media) that the Wii even exists, or it has the abilities to compete...
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 The new „Xbox Experience” is the name for the system update of the Xbox 360. Free updates will go live on November the 19th. Microsoft calls the new update an “entirely new experience”, but it’s just a streamlined menu system with a better online store and the addition of streaming movies. The feature “Game Marketplace” organizes all of...
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 Nintendo Wii keeps 1st position in the battle of video game
consoles. Xbox 360 keeps its advantage over the PS3. This follows a price cut
from the Microsoft console that made Xbox 360 the cheapest of them all, $50
less than the Wii and half the price of the PlayStation 3. Even if it is said
that September is a slow month, this year...
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 Microsoft has officially announced that its Xbox 360 Pro version will have its price cut with $50, and will therefore start being sold at $299 effective today. What is more, the company has announced that it will introduce a new model of its gaming console that will feature a 60 GB hard disk. The new model will become available in...
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 Microsoft has announced that it will cut $50 from the price of its popular gaming console, the Xbox 360. This will make the 40 GB Xbox 360 Pro to sell for $299. The move will bring the device to about $50 dollars from Nintendo’s Wii, which sells for $250 and which currently holds the largest market share.It will be interesting to see...
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 According to Thomson Financial, Nintendo’s 2008 plan includes the launch of a "localized" edition of its DS system in Taiwan. The company intends to release the device later on this month for Taiwan and sometime at the end of the year on the Chinese market.Last month Nintendo, currently largest portable game console maker in...
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 Last weekend something very special happened, that will probably be quite appealing to hardcore gamers and newbies alike. A new game Guitar Hero: Aerosmith was launched, which allows players to rock out on the music of the legendary band alone.Activision is definitely on a roll. At the end of May, the company has set the price of $189...
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 On Tuesday, Capcom announced that its Street Fighter IV game would soon find its way to the Xbox 360, PlayStation 3, and PC. However, this was the entire statement, as no further information, regarding the upcoming game’s price or release date, has been released. Street Fighter IV is said to be anything but a slightly graphically...
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 One week has passed since Nintendo Co.'s Wii Fit was launched in the U.S. Since then, the fitness product has managed to maintain its position in Amazon.com’s sale top five. Although currently there are no more units available at the retailer, the Wii can be purchased through resellers for a price of about $160. The Wii Fit was launched...
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 Nintendo president Satoru Iwata said that the company does not intend to lower the prices of its Wii and Nintendo DS video games for the following fiscal year. In fact, Wii’s price has been kept constant ever since its release in November 2006.Nintendo has high hopes as more than 28 million DS units are expected to be sold. Wii’s...
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 It seems that Activision has set the price of $189 for the Guitar Hero World Tour, with all the instruments included. This is $10 more than Rock Band’s PS2 version. Guitar Hero World Tour will be released sometime after the summer and will feature wireless instruments (drums, bass guitar, and microphone) and a music studio where users...
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 In an attempt to get some of the fans of MTV's "Rock Band" to look its way, Activision Inc is planning to add drums, bass guitar, and microphone to the already very popular "Guitar Hero."Guitar Hero World Tour will be released sometime after the summer and will feature wireless instruments and a music studio where...
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 A “mixture of fitness and fun”,
as it has been marketed by Nintendo, the new video game Wii Fit was released
Monday in the United States.
The Japanese company expects to sell in America
about 3 million units this year, taking into account the huge success the game
enjoyed in Asia. Only in Japan, 1.4 million
units were sold since...
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 Following the results of a recent Habbo survey involving young people with ages between 11 and 18, it seems that, as far as video games are concerned, teenagers prefer the PlayStation 3. 58,368 teenagers participated in the survey and 69 percent of them considered the PS3 to be either “great” or “good.” However, the difference between...
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 Following the very successful launches in Japan and Europe, Wii Fit is finally ready to hit U.S. stores everywhere. U.S. residents will be able to purchase the long-waited video game starting Monday for the price of $89,99.Wii Fit is unlike anything out there as it can respond to the player’s weight and movement; it has special sensors...
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 Nowadays, when talking game consoles, there are three major names that immediatly come to mind: PlayStation, Xbox and Wii. Sony has dominated the global game industry over the past years, thanks to its gaming platforms PlayStation and PlayStation 2. But after launching PlayStation 3, things seem to have taken a wrong direction for Sony....
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 Sony Computer Entertainment America made an important announcement on Thursday: the PS3 will receive a new system update next week, through which DTS-HD Master Audio and DTS-HD High Resolution Audio support will be added. PS3 users will thus be granted an improved Blu-ray movie experience."The new PS3 with DTS-HD Master Audio will...
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 Electronic Arts has offered $2 billion for the acquisition of rival game publisher Take Two Interactive Software, an offer which was rejected by Executive Chairman Strauss Zelnick has rejected the proposal. Subsequently, EA has released the letter for all Take-Two's shareholders to examine. However, the gaming community reacted with...
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 With the holiday shopping season only at its beginning, Nintendo of America is optimist about sales, as it registered new record sales for the Thanksgiving week. More than 653.000 Nintendo DS portable video game systems, 350.000 Wii home systems and millions of games and accessories throughout the United States were sold, bringing the...
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 In the fast growing genre of musical games, a new aspirant makes its way into the public’s attention, as MTV Games, a part of Viacom’s MTV Networks, has released its “Rock Band”, which is aimed to take the lead over the hit “Guitar Hero”.MTV has contracted Harmonix, a game studio started by MIT students that has become the world leader...
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 The long awaited Xbox 360 exclusive sci-fi RPG “Mass Effect” made his highly anticipated debut on the shelves on November 20.The game was developed by BioWare, the creators of the previously appreciated acclaimed “Star Wars: Knights of the Old Republic” and “Jade Empire”, and combines a deep story with intense, sci-fi tactical combat....
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 While Sony Corp. is launching the
new 40 GB PlayStation 3 video gaming console and announcing some price drops
for other models of its famous device, Microsoft eyes too on the upcoming
holiday shopping season. So, till now only Nintendo has not announced anything;
but it is still time anyway.
However, on Monday Microsoft...
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 Sony Corp. has announced today its
most recent plans. The high tech company has said that it is to drop the price
for its PlayStation 3 video game console in Japan, and also to launch a brand
new slimmed down version. These two moves are Sony Corp.’s ways of trying to
catch up with its major rival, Nintendo’s Wii.
Starting the...
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 Sony has announced about three
days ago that it is to start selling in Europe
a new configuration of the PlayStation 3 video game console. The new console
will feature less built-in storage capacity (40 GB), but it will also cost only
399 Euros. It will hit shelves in just two days, starting the 10th of
October.
Sony has had...
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 It seems that Sony Corp. is
really scoring with its new PlayStaion Portable units, as the reports have
recently showed that more than half a million of such devices have been sold in
Japan in the first two weeks of release.
Till the recent period the
Japanese hardware sales charts have been quite predictable for a long...
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 The UK
fans will be thrilled to hear and to see it themselves starting with Friday,
August, 24 that Microsoft will have cut prices of Xbox 360! After the US benefitting
from the cost reduction, the Europeans also will have to take out less money of
their pockets to enjoy the famous console.
The 20GB Xbox 360 will be available for...
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 Microsoft’s video gaming console
Xbox 360’s fans have real reasons to be happy. In less than two months “Halo 3”
will be hitting the gaming devices. The famous video game is to be released on
the 25th of September and it is very likely to give Microsoft’s Xbox
360 a huge boost into the mainstream entertainment market.
“Halo 3” is...
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 The two rival companies Sony and
Nintendo have made public their new game titles at the E3 Media & Business
Summit and their strategies proved to be quite very different one from another.
While Sony attempts to offer its gamers a wide variety of sophisticated titles,
Nintendo has presented less game titles, which however seem to...
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 Microsoft’s Shane Kim, vice president of Microsoft Game Studios, confirmed the company’s plans to slash prices for its next gen gaming rig, but has declined to offer any details as to when will that happen.The move is seen as a possible counter-offensive against Nintendo’s increasingly successful Wii console, which is close to surpassing...
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 The saga of PlayStation 3 continued today with a new
episode. After being outsold by its rival, Nintendo Wii, Sony’s PlayStation 3 is
ready to enter in “recovery mode”, as CEO Howard Stringer said.
Before its launch in November 2006, PlayStation 3 was
considered by many gamers and analysts the best gaming platform ever....
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 The highly-anticipated third episode of the Halo saga, coming September 25, is a thrill for most Xbox 360 owners, and Microsoft plans to take advantage of that as much as possible.According to Microsoft, the limited public beta was an overwhelming success, seeing more than 820,000 unique participants and more than 12 million hours of...
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 Prominent magazine Financial Times recently interviewed Sir Howard Stringer, Sony CEO, who dropped the bomb everyone expected: the PlayStation division is trying to “refine” how much it can afford to reduce the price of PlayStation 3.Some may say this is good news. It depends from what point of view you’re looking at: from consumers’...
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 I am sorry to give you this disappointing news, but Microsoft strongly rejects rumors concerning a possible price drop for its beloved gaming console.Entertainment and Devices President at Microsoft, Peter Moore, recently declared that a re-orientation towards casual gamers (moms, dads, grandpas or grandmas) is needed in order to boost...
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 Entertainment and Devices President at Microsoft, Peter Moore, recently declared that a re-orientation towards casual gamers (moms, dads, grandpas or grandmas) is needed in order to boost the Xbox business to acceptable levels and to avoid further losses.Casual gaming has been the basis upon which Nintendo built its huge success with...
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 PS3’s failure on the market is no surprise to any one these days: the recent financial results from Sony’s gaming division speak volumes. Although industry analysts have claimed that a price cut for PS3 now would still be too late, a company official did not completely dismiss the idea.Sony's President has indicated that the company is...
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 The insanely huge popularity the Naruto world registers in Japan determined Tomy and D3Publisher to announce that US owners of the (again…) insanely popular DS will also get their hands on a copy of the game this fall.The Naruto anime series is also gaining adherents in the US and thus a launch on the North American territory is somehow...
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 Global Star Software, a publishing label of Take-Two Interactive Software, Inc., announced today that Carnival Games is coming this summer exclusively for Nintendo's Wii. The title is being developed by Cat Daddy Games, the Take-Two studio that created the popular "Deal or No Deal" PC game.Carnival Games seeks to bring the fun...
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 Xbox Live Arcade is welcoming two new classic arcade games this week, the 1982 shooter Xevious and Konami’s Rush 'n Attack.After last week’s bumpy launch of Halo 3 public beta, Microsoft announced the debut of two “oldies, but goodies” from the ’80: Xevious and Rush’n’Attack.Xevious, developed by Namco and published by Atari in 1982, is...
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 Rockstar announced that the upcoming sequel in the Grand Theft Auto franchise will get a Special Edition, which will contain a soundtrack, an art book, and several other pieces of knickknackery.First there was Microsoft’s announcement with the three versions of Halo 3 for Xbox 360, with the most expensive one reaching $120- an unusually...
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 Midway announced that the upcoming Stranglehold game for PS3 will have a special “Collectors Edition” version, in which PS3 owners will find one of John Woo’s movies, on the Blu Ray disc.The Collectors Edition of Stranglehold will include the HD version of “Hard Boiled”, a classic action movie directed by John Woo in 1992, whose fighting...
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