Motorola Mobility announced the departure of WIlliam (Bill) R. Hambrecht from its Board of Directors, just a few days after the announcement of Google’s US$12.5 billion acquisition of Motorola Mobility. Hambrecht, who was nominated by activist investor Carl Icahn, will be resigning with immediate effect.
Following Hambrecht’s departure, the Motorola Mobility Board of Directors will be comprised of nine members, eight of whom are independent.
A week after being named as the world’s most valuable company, new floor plan designs have emerged for Apple’s proposed new headquarters – Apple Campus 2 in Cupertino, California.
In June this year, Apple’s co-founder and CEO Steve Jobs appeared before the Cupertino City Council to pitch his plans for a futuristic new campus that would occupy a 175-acre plot of land in the heart of Silicon Valley.
In his pitch, Steve Jobs described the proposed new building’s design to be “a little like a spaceship landed.”
Google is set to purchase the mobile handset arm of Motorola for US$12.5 billion in a bid to bolster the adoption of its Android mobile operating platform and to mount a sustainable challenge to compete with smartphone rival Apple. In the largest deal to date, Google would pay US$40 per share in cash, a 63 per cent premium to Motorola’s closing price last Friday on the New York Stock Exchange.
To analysts, Google’s pricey new toy will help it do everything from build up its nascent tablet business to prop up its ailing Google TV arm.
The dawn of the popular social media platform Twitter heralded a new age for the digital media industry. Alongside other popular social media networks like Facebook and LinkedIn, Twitter became a part of the daily life for many individuals across the globe. The ubiquitous presence of social media has also ensured massive growth for the companies.
Here’s a look at how Twitter has progressed in the last five years:
French President Nicolas Sarkozy has said his government will explore new measures to reduce the size of France’s public deficit amid concerns it could face a debt downgrade. The move came as shares in France’s banks tumbled amid concerns over stability in the continuing market turmoil.
Research in Motion’s Inside BlackBerry blog was hacked Tuesday after the Canadian smartphone maker suggested it would cooperate with London police to help identify rioters who may have used a BlackBerry messenging service to plan mayhem.
A hacking group calling itself TeaMp0isoN took credit for the attack, which involved posting a statement on the BlackBerry blog before RIM removed it.
Crude oil markets rallied in Asian trade on Monday amid relief at the announcement of an elusive US debt deal, according to analysts. New York’s main contract, light sweet crude for delivery in September, surged $1.18 to $96.88 per barrel in the afternoon. Brent North Sea crude gained $1.35 to $118.09.
George Soros is getting out the hedge fund business, though he will still continue to manage his family assets which are estimated to be worth billions.
Citing new rules that would have required it to submit to more federal oversight, Soros’s management firm said Tuesday that it plans to close its $25.5 billion funds to outside investors and become a family-only enterprise. The move raised eyebrows in financial circles because Soros was an outspoken advocate for reforming Wall Street in the wake of the financial crisis.
In 2008, the National General Administration of Quality Supervision, Inspection and Quarantine raised the flags when a pediatric urologist noticed a rise in the number of children afflicted with kidney stones, a rare condition. Mounting fears and inquiries causally traced the source to then-popular Chinese infant milk powder, Sanlu, which was found laced with melamine.
