Microsoft’s $8.5 Billion Purchase of Skype “a ringing endorsement of the communications services market”

Devita Saraf, the CEO of Vu TelePresence, has branded the $8.5 billion acquisition of Skype by Microsoft “a ringing endorsement of the communications services market”: “This acquisition as well as Cisco’s recent shift towards the SMB category, reinforces our long held view that there is significant opportunity in the small business space.” The comments reflect … Read more Microsoft’s $8.5 Billion Purchase of Skype “a ringing endorsement of the communications services market”

Amazon Expands into Membership Fashion Retail

Amazon.com has expanded into the members-only fashion retailing sector with a new website, MyHabit.com. In the same vein as Secret Sales and Cocosa, the site offers up to 60% off designer labels for fashion die-hards. Maria Renz, president of MYHABIT, said of the new venture: “MYHABIT is a beautiful website designed specifically for limited time … Read more Amazon Expands into Membership Fashion Retail

President of Mongolia Discusses Renewables in Germany

The President of Mongolia, Tsakhia Elbegdorj, met with Hans-Josef Fell, Member of the German Bundestag and spokesperson on energy policy for the Green Parliamentary Group of the German Parliament on 3rd May 2011. Mr Fell explained to the Mongolian leader how Germany had adopted the Law on Renewable Energy in 2000 and is now supplying … Read more President of Mongolia Discusses Renewables in Germany

EA Strengthens Mobile Games Business with Firemint Purchase

Electronic Arts, Inc. has strengthened its business in mobile gaming with the acquisition of Firemint due to complete within four weeks. Barry Cottle, Executive Vice President and General Manger of EA Interactive, commented: “The Firemint team is remarkable for its critical and commercial success. Having them as part of EAi will accelerate our position as … Read more EA Strengthens Mobile Games Business with Firemint Purchase

David Beckham Signs Up with Samsung as 2012 Olympic Ambassador

David Beckham has signed up to be the global brand ambassador for Samsung at the London 2012 Olympic Games. The football player will take part in multi-platform adverts and public relations campaigns as part of the contract. Beckham said of the partnership: “I’m very proud to be part of the team that brought the Olympics … Read more David Beckham Signs Up with Samsung as 2012 Olympic Ambassador

Real Estate: “The Torch”, Dubai Marina Breaks World Record for Tallest Residential Tower

A tower at Dubai’s world-renowned marina has broken the record for the tallest residential tower. At 348 metres “The Torch” has surpassed the height of Australia’s Q1 tower on the Gold Coast by 25 metres. The development has 86 floors, 676 sold-out apartments and cost AED 665 million (USD$182m) to build. Rahail Aslam, CEO of … Read more Real Estate: “The Torch”, Dubai Marina Breaks World Record for Tallest Residential Tower

125 Years of Coca-Cola

Coca-Cola is celebrating its 125th year as a brand. A party at the 2011 Annual Meeting was entertained by a specially convened choir formed of young people from Atlanta and New York. Coca-Cola was invented by Atlanta pharmacist John Pemberton in 1886. He sold it through the nearby “Jacob’s Pharmacy” for five cents per glass. John … Read more 125 Years of Coca-Cola

Business: Yahoo Buys IntoNow

Yahoo Inc. has bought IntoNow an iPhone application which deepens the social experience connecting audiences with television programmes. It is integrated with Facebook, Twitter, iTunes and Netflix and allows users to talk about the televisions programmes that they are watching. The app senses which television programme is being watched by “listening” to audio waves. The … Read more Business: Yahoo Buys IntoNow

Jeff Davi Leaves Post as California’s Real Estate Commissioner

The 22nd Real Estate Commissioner of California, appointed by former Governor Arnold Schwarznegger, Jeff Davi will leave regulation to return to business. The commissioner has been serving current Governor Jerry Brown. Jeff Davi has overseen a term in which the number of real estate license holders in California reached over half a million. He commented … Read more Jeff Davi Leaves Post as California’s Real Estate Commissioner

Business: Oxford Nanopore Technologies Raises £25 Million

Oxford Nanopore Technologies announced on April 26th 2011 that it has raised £25 million through the private placement of ordinary shares. The shares went to Lansdowne Partners, IP Group, Invesco Perpetual, Redmile Group, Illumina and other undisclosed investors. The company has previously raised £49 million since its formation in 2005. The Oxford Nanopore platform technology, GridION, … Read more Business: Oxford Nanopore Technologies Raises £25 Million

Business: Rediff Corners Indian City Deals Market

Rediff India provides online news, information, communication, entertainment and shopping services for Indians worldwide. Founded in 1996, Rediff.com is headquartered in Mumbai, India with offices in New Delhi, Bangalore, Chennai, Hyderabad and New York. The company is now offering its 15 million monthly users access to local city deals. Rediff Deal Ho Jaye! is available … Read more Business: Rediff Corners Indian City Deals Market

Business: Sorenson Media Opens London Office

Sorenson Media, who specialise in online video encoding, have opened a London office and appointed Mark Lawson to head its operation. Peter Csathy, CEO of Sorenson Media said of the expansion: “Sorenson Media has long considered the benefits of establishing a European presence, especially considering our large international customer base. Opening a London office with … Read more Business: Sorenson Media Opens London Office

Special Effects Company Sells for £119 Million to Barclays Private Equity

The Carlyle Group have sold The Mill, a special effects company, to Barclays Private Equity for £119 million. The transaction closed on 18th April 2011. The Mill creates video content for global brands and advertising agencies. It specialises in digital visual effects for brand communication. Through its work for advertising agencies, The Mill has created … Read more Special Effects Company Sells for £119 Million to Barclays Private Equity

Your Wedding Magazine Acquired by Tiger Corp Media

Your Wedding Day magazine, a US-based wedding publication, has been acquired by Tiger Oak Media who will re-launch the title on 25th August 2011. Your Wedding Day magazine was previously owned and operated by Ojai-based publisher DMZ Corp. Tiger Oak Media already publishes Arizona Bride, Oregon Bride, Seattle Bride, Wisconsin Bride and Minnesota Bride. The … Read more Your Wedding Magazine Acquired by Tiger Corp Media

Campbell Releases New Raspberry Flavour V8 V-Fusion

Two new flavours of the V8 V-Fusion fruit and vegetable drink have been released by Campbell Soup Company. Concord Grape Raspberry and Concord Grape Raspberry Light will be available in American stores this July. Both will be available in 46 ounce bottles and the V8 V-Fusion Concord Grape Raspberry will be available in 8-ounce slim … Read more Campbell Releases New Raspberry Flavour V8 V-Fusion