Archive for the ‘Business’ Category

Honda Fit Recall: 1.35 Million Globally

Honda Motor Co is Globally recalling about 1.35 million Fit subcompacts to repair defective headlight wiring. To date no accidents have been reported from the defect a Honda spokesman said. The Fit cars included in the recall were built in Japan at Honda’s Suzuka factory between November 2001 and October 2007. Approximately 735,000 vehicles will [...]

Groupon Turns Down a $6 Billion Buyout Offer From Google

Groupon, the worlds fastest growing web-based company, reportedly said no to a $6 billion offer from Google last week. The two-year-old company offers daily coupon offers from local businesses, all of which are delivered over the web by e-mail. It is believed that because Groupon is growing rapidly in popularity, there is no telling what [...]

Sprint Nextel Corp: Expanding Tablet Portfolio in 2011

For 2011, Sprint Nextel Corp plans on expanding their tablet portfolio to replace expensive laptop computers with more affordable devices. Paget Alves, the company’s business markets President, said that tablets are among the hottest new gadgets used amongst corporate and executive clientele. “There’s a lot of interest in tablets, a greater degree of interest and [...]

iPad 2 Expected to Launch in April 2011

DigiTimes announced on Tuesday that Foxconn is set to begin shipping the 2nd generation iPad within 100 days. Additionally, it is believed that the production cycle to create the iPad 2 is more efficient. If this is true, there can be anywhere between 400,000 to 600,000 units ready for shipping as early as February 2011. [...]

Galaxy Tab Vs. iPad: Who Will Be the Holiday Winner?

The debate begins and competition has finally arrived for the infamous iPad, Samsung’s Galaxy Tab has touched down and is already making a nice sized splash. With distinguishing characteristics that could make each device a favorite, the key is that each device is very different. The Galaxy Tab, which can be found at T-Mobile, Sprint, [...]

Samsung: Galaxy Tab Tablet Computer Sales Over One Million Units

Samsung launched its Galaxy Tab Tablet in mid-October and has already sold over one million units. The seven-inch device known to insiders as an early competitor to Apple’s ipad, began selling in the U.S. in mid-November. Utilizing Google’s Android operating system, the Galaxy Tab is being distributed by U.S. wireless giants – Verizon Wireless, Sprint, [...]

Xbox Kinect Sells 2.5 Million Units in One Month

In less than a month, Microsoft has sold over 2.5 million Xbox Kinect. To make things even better, sales of the new gaming system have been staying consistent. Microsoft believes that the “strong demand over Black Friday” was a big reason why they were able to get the Xbox Kinect into millions of homes in [...]

Cyber Monday Up 20% From Last Year

Cyber Monday, the first Monday after Thanksgiving saw sales surge nearly 20% from last year according to an analytics group. “Cyber Monday came in as the biggest shopping day of the year so far,” said the chief strategy officer of Coremetrics, a unit of IBM Corp. (IBM, Fortune 500) Cyber Monday is a recent phenomenon [...]

Obama Recommends Federal Wage Freeze

President Barack Obama proposed a two-year wage freeze for federal employees. With the deficit forecasted to exceed $9 trillion over the next 10 years, the freeze if approved could save $60 billion in the same decade. Policymakers will need to makes some tough decisions about curbing the national debt. “It’s a real money issue and [...]

Twitter CEO Tweets About Chinese Government

On Thursday, Twitter CEO Dick Costolo Tweeted “Year-long detentions for sending a sarcastic tweet are neither the way forward nor the future of your great people.” Costolo’s tweet was in response to the Chinese government sentencing a Chinese woman to one year in a labor camp because she retweeted a note that officials in China [...]