Monthly Archives: July 2011

∞ Rupert Murdoch may be replaced as CEO, Web site hacked

Bloomberg: News Corp. executives who watched Murdoch, 80, rehearse for his appearance before Parliament were concerned about how he handled questions, according to three people, who weren’t authorized to speak publicly. Murdoch is scheduled to discuss the company’s role in … Continued

∞ Borders to close all remaining stores

Borders, which employs about 10,700 people, scrapped a bankruptcy-court auction scheduled for Tuesday amid the dearth of bids. The chain said it will ask a judge Thursday to approve a sale to liquidators led by Hilco Merchant Resources and Gordon … Continued

∞ Tivo may be a target for takeover

Tara Lachapelle writing for BusinessWeek: Potential buyers for TiVo include Microsoft (MSFT) and Google. Microsoft has wanted to offer a set-top box and have a presence in television systems through cable operators, says Tony Wible of Janney Montgomery Scott, who … Continued

∞ Apple stock closes at all time high

Stock prices go up and down constantly, but Apple hit a milestone today closing at an all time high. The stock shot up $7.15 or 2 percent to close at $364.92. The stock is continuing its climb in after-hours trading … Continued

∞ Amazon plans tablet for fall

“Amazon.com Inc. plans to introduce a tablet computer before October, said people familiar with the matter, in a move that will heighten the online retailer’s rivalry with Apple Inc.” This Wall Street Journal article has Yukari Iwatani Kane’s byline on … Continued

∞ EA buys PopCap for $650 million

The numbers were off but the news was right: Electronic Arts (EA) has purchased casual game publisher PopCap Games for $650 million. The deal is expected to close in August.

∞ Apple is run by people, not businessmen

Apple, under the direction of Steve Jobs, has taken a unique approach to Wall Street and Apple’s share price. On May 26th, 2010, Apple overtook Microsoft in market capitalization and became the largest technology company in the world. Less than … Continued