Manchester United chief executive David Gill has defended the club’s failure to meet the target set for season ticket sales. The Old Trafford club sold 51,800 season tickets, short of its 54,000 target, Mr Gill confirmed. However, he insisted the number was “pretty good in the current climate” and reassured that the United was “in [...]
Amazon.com Inc is planning a subscription service to rival Netflix Inc and has approached media companies. A source confirmed the company wants to provide users with unlimited access to some television shows and movies over the Internet. There is already a video-on-demand section on Amazon’s website which features numerous TV shows and movies which are [...]
The increasing popularity and availability of popular television shows online is at the heart of contentious programing fee negotiations between Walt Disney Co and Time Warner Cable Inc, according to a source close to the discussions. Millions of homes in major cities such as New York and Los Angeles could see their local ABC broadcast, [...]
Google Inc has acquired Angstro, a start-up company that sorts news and information across several social networks, including Facebook, said a spokesman for the search provider on Sunday. Angstro, based in Palo Alto, has developed applications to source photos on Facebook, combine Caller ID with LinkedIn profiles and other tools for Twitter. “The struggle for [...]
Skilled workers such as electricians, carpenters and welders are in short supply, resulting in another obstacle to the global economic recovery, according to a research paper by Manpower Inc (MAN.N). “It becomes a real choke-point in future economic growth,” said Jeff Joerres, Manpower Chief Executive. “We believe strongly this is really an issue in the [...]
Apple Inc plans to rent TV shows to viewers for 99 cents through iTunes and is in talks with News Corp, Walt Disney and other media conglomerates, according to sources. The industry sources, who will remain anonymous because negotiations were private, claimed the discussions were aimed at enabling viewers to rent network programing for 48 [...]
Hewlett-Packard Co could spark a bidding war for data storage company 3PAR Inc after offering to pay $1.6 billion, topping rival Dell Inc’s bid by a third. It appeared that investors were anticipating a higher bid when shares in 3PAR climbed 45 percent to above HP’s $24-a-share offer. Analysts said 3PAR is a particularly attractive [...]
The CEO of Chrysler, Sergio Marchionne, admitted on Monday it will be “difficult” for the automaker to end this year in profit. The USA’s number three automaker narrowed its net loss to $172 million in the second quarter, from a $197 million net loss in the first quarter after emerging from a government-supported bankruptcy in [...]
Dell Inc and Hewlett-Packard Co reported strength from corporate customers and only slight weakness from consumers, dismissing worries about a weakening demand for technology. Fears persisted concerning the strength of any consumer spending recovery, as growth moderates in Europe and China as well as in the United States according to analysts. But, even as shares [...]
Music group EMI warned it needs to raise more capital to pay off debts despite reporting a large reduction in annual losses. Losses of £1.75 billion were improved with a pre-tax loss of £624 million up until the end of March 2010. A rise in revenue of 5% to £1.65 billion is partly attributed to [...]