In December of 2004, IBM sold their personal computer division to Chinese computer company Lenovo for $650 million in cash and $600 million in stock. IBM has just sold off 300 million shares of Lenovo stock, going from a 13.2% ownership in the compa...
Apple and Apple have settled their long trademark dispute. Steve Jobs' company, which just renamed themselves from Apple Computer to Apple Inc., and Apple Corps, the company that has overseen the interests of British pop group the Beatles since they...
Microsoft has released Vista, the long-delayed new version of their Windows operating system. In addition to a more three-dimensional user interface, other improvements advertised by Microsoft include better security, easier creation of multimedia D...
A Dell is running Dell again. Michael Dell, who began Dell Inc. by building computers in his University of Texas dorm room for other students, is moving back into the position of chief executive at the company. He replaces Kevin Rollins after a year...
The energy company Royal Dutch Shell and the Spanish energy company Repsol have signed a multi-billion dollar deal with Iran's state oil company to develop gas fields in the Persian gulf, but the deal may lead to sanctions from the United States. Ru...
After a terrible holiday season, American clothing retailer Gap Inc. fired Chief Executive Officer Paul Pressler with a $14 million retirement package. In addition to Gap clothing stores, the 3,100-store chain includes the Old Navy and Banana Republ...
Macau, a special administrative region of the People's Republic of China, had more gambling revenue in 2006 than the Las Vegas Strip, making it the biggest gambling center in the world. Located on China's south coast, Macau is only ten square miles...
The Shanghai Daily newspaper reported that 22 company directors and senior employees of multinational corporations such as McDonald's, McKinsey Consulting, and Whirlpool have been detained as part of a bribery investigation. Four Chinese computer ne...
The London Stock Exchange does not want to sell out to the American stock exchange NASDAQ, and NASDAQ is trying even harder to buy them. On Thursday, NASDAQ told LSE shareholders that they had a week to encourage LSE management to begin talks with N...
Former captain of the English national football team David Beckham is moving to Los Angeles this summer to play with the LA Galaxy team in the United States Major League Soccer league. As the biggest star ever to play in this league, the 31-year-old...
