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The new owner, an Orange County digital media firm, paid a fraction of the $580 million that News Corp. paid for the once-dominant social network in 2005. Myspace was once the Internet’s equivalent of the hottest nightclub in town. In its heyday, the world’s dominant social network attracted some 3 million bands, 8,000 comedians and [...]
General Motors on Thursday showcased the electric version of its hatchback Chevrolet Beat as part of the company’s ‘tailored for India’ demo programme for battery electric technology. The U.S. carmaker also said it had shelved the ultra low-cost car project due to viability issues, while it planned to launch the Beat diesel variant next month. [...]
Nokia Chief Executive Stephen Elop unveiled a new smartphone on Tuesday that uses software the firm plans to ditch, a move analysts said would probably condemn the device to obscurity. Once the undisputed leader in hand phones, Nokia has rapidly lost ground in the smartphone market to Apple’s iPhone and Google’s Android devices, and at [...]
European stock markets recovered from early losses to close higher Friday after France and Germany, the heavyweights of the European Union, made a united call for swift action on a new Greek aid package. The Stoxx Europe 600 index rose 0.2% at 267.17, rebounding after German Chancellor Angela Merkel said that private-sector participation in aid [...]
Stock futures were pointing to a much lower open after manufacturing in the New York area slowed significantly in June. Futures for the Dow Jones Industrial Average were down by 105 points, or 91 points below fair value, at 11,913. Futures for the S&P 500 were lower by 12 points, or 9 points below fair [...]
Coconut production slips due to low Kerala output Coconut production slipped in the country this season with a low output in the main producing region of Kerala. However , the crop in Tamil Nadu, the next biggest producer, has been good, which helped to meet the demand. The coconut crop in Kerala is expected to [...]
Irish industrial production rebounded in April having fallen back in March, increasing by 4.0 per cent in April on an annual basis. Having decreased in March, production in the pharmaceutical industry and beverage sector rebounded last month, growing by 11.3 per cent and 9.9 per cent respectively. Industrial production figures are a key indicator of [...]