| Microsoft Considering a Stake in AOL - Sep 16, 2005 8:56 IST |
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New York -- Microsoft Corp. is considering acquiring a stake in Time Warner Inc.’s America Online Inc. unit, one of a number of possible Internet joint ventures the two companies are discussing, people familiar with the talks said.
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| Ebay to Acquire Skype for $4.1B - Sep 12, 2005 16:31 IST |
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Ebay Inc. is in the final stages of sealing an agreement to buy Skype, the free & low cost provider of voice calls over the internet for an amount close to $4.1Bn.
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| Saudi Arabia to Sign WTO Deal Soon - Sep 11, 2005 10:49 IST |
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Riyadh(24x7updates) -- Saudi Arabia is all set to join the World Trade Organisation by end of this year. This follows the signing of key trade agreement with US on Friday, which says Saudi Arabia will not enforce a boycott against American firms that have trade relations with Israel.
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| Total Recall - Ford, Toyota Recall SUVs, Pickups - Sep 8, 2005 17:15 IST |
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In what could be called one of the major recalls in automotive industry, Ford Motor Co. said it would call back 3.8 million pickup trucks and sports utility vehicles to repair a cruise control switch that could overheat and cause engine fires. Toyota Motor Corp. has also announced a recall of 978,000 compact pickups and sports utility vehicles to have the vehicles checked for a fracture in steering system control rod that can cause drivers to lose control of their vehicles.
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| Google, Microsoft in Court over Kai-Fu Lee - Sep 7, 2005 8:34 IST |
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Microsoft & Google are in courts again over whether Kai-Fu Lee, an executive familiar with Software Giant’s plans in China should be allowed to start his work with Google.
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| Chiron Rejects Novartis’ Proposed Takeover - Sep 6, 2005 21:0 IST |
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US Biotechnology company Chiron has rejected a takeover bid by Swiss drugmaker Novartis, citing $40 a share as inadequate.
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| 26 Countries to Release Petroleum Reserves - Sep 3, 2005 20:49 IST |
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26 countries including the United States have pledged to release oil, gasolene and other petroleum products from their emergency reserves to bring down soaring prices and avert domestic shortages.
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| Intel Comes Out Strongly Against AMD’s Antitrust Claims - Sep 2, 2005 7:51 IST |
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San Francisco (24x7Updates) -- Intel Corp. on Thursday came out strongly against American Micro Devices rebutting AMD’s claims that it is violating anti-competetion laws in the market for personal computer chips.
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| Google Wants to Expand Offline Ads - Sep 1, 2005 8:0 IST |
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In its first significant expansion beyond the Internet, Google has bought advertising in a handful of technology-industry magazines and resold chunks of the space to merchants already participating in its booming Internet marketing network.
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| Singapore’s Temasek to invest 3.1 bln dollars in Bank of China - Sep 1, 2005 7:51 IST |
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Temasek Holdings, the Singapore government’s investment arm, will invest 3.1 billion US dollars in the Bank of China for a 10 percent stake, a BOC spokesman was quoted as saying by state media. Temasek will earmark another 500 million dollars at the initial public offering price during the BOC’s planned international IPO, the Xinhua news agency reported the spokesman as saying.
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| FDA Director Resigns Over Plan B Delay - Sep 1, 2005 7:49 IST |
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The director of the Food and Drug Administration’s Office of Women’s Health resigned Wednesday to protest the agency’s delay in allowing over-the-counter sales of emergency contraception.
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Overnight reports from the US note evacuations have started from the Florida Keys area as Hurricane Rita bears down on that area in the same way that Katrina seemed to target New Orleans. Oil producers have airlifted workers from off-shore oil rigs, many of which were barely back in production.