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Microsoft: Windows 7 XP Mode enters RC status
According to a Tuesday announcement by Microsoft, its Windows 7 XP Mode beta, which was released three months back, has entered Release Candidate (RC) status. The Windows 7 add-on would enable users to run a virtual version of Windows XP or Vista within Windows 7 OS, provided they have the requisite hardware.
SEC files complaint against GE’s accounting fraud; GE to pay $50 million in settlement
According to the Securities and Exchange Commission (SEC) complaint filed in federal court in Connecticut, the General Electric (GE) conglomerate used improper accounting methods to meet or beat its earnings expectations, thereby deliberately defrauding investors.
Netflix to stream bygone seasons of ABC shows like “Lost” and “Desperate Housewives”
As per the online movie rental company Netflix Inc.'s agreement with The Walt Disney Co., the bygone seasons of ABC TV's shows like "Lost" and "Desperate Housewives" will soon be available for viewing via Netflix's "Watch Instantly" service.
RadioShack shedding “radio” from its name to become "The Shack"
The Fort Worth-based RadioShack is making an attempt to alter its image by shedding "radio" from its name and rebranding itself as "The Shack."
"The Shack", the new title will appear on displays and signs for the company. The rebranding campaign is scheduled to start on Thursday.
GM buyout offers falls 7,500 workers short of its target
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As many as 6000 hourly blue-collar workers at General Motors have accepted buyouts and early retirement offers and left the firm.
Nevertheless, Detroit-based GM may have to hack more hourly jobs as its buyouts and early retirement offers fell around 7,500 workers short of its target.
AIG appoints ex-chief of MetLife as its new CEO
Bailed-out insurance giant, American International Group inc. has appointed Robert H. Benmosche as its new chief executive officer.
Mr. Benmosche, 65, a former chief of MetLife is going to succeed Mr. Edward Liddy as CEO.
Mr. Benmosche will take on the new responsibility on August 10.
Federal agents raid Colonial and Taylor Bean Offices in Florida
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Executing two search warrants on Monday, agents from the Office of the Special Inspector General for the Troubled Asset Relief Program (TARP) raided the Florida offices of Colonial BancGroup and the wholesale mortgage lender Taylor, Bean & Whitaker Mortgage. The raid follows the fizzling out of a financial deal between the two companies!
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- Whole Foods reports 26% rise in 3Q profit; beats analyst’ expectations
- Dell says IT demand stabilizing; to post sequential increase in Q2 sales
- Oil veteran Pickens puts on hold the plans for mega wind farm in Texas
- US regulators close seven banks – six in Illinois, one in Texas
- Dell developing pocket-size, Android-based, Internet device
India News
- Naval Chief says investigation of North Korean ship is going on
- Buy Siemens Ltd For Long Term: Abhishek Jain, Stocksidea.com
- MJ had lethal amount of anaesthetic in system, says leaked autopsy report
- India relaunches auction of areas for oil and natural gas exploration
- Manmohan Singh assures states of support in tackling drought
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