Google’s Street View Raises Protest in Britain, Owing to Invasion on Privacy
On Thursday, some inhabitants of Britain have complained that Google's has trespassed into their privacy with its service, Street View, which covers 99% of the country's roads.
Some locals living on the outskirts of Milton Keynes thought they had managed to escape from Google’s service capturing images of their houses. But this week, when the extended service went live, their street together with millions of others was available online.
Google said that earlier, a technical problem had prevented the images from being accessible online.
Sky Introduces High Definition SS4 HD, Hallmark Channel HD
Sky has announced its plans to introduce Sky Sports 4 HD and the Hallmark Channel HD on its satellite television platform.
The HD version of Sky Sports 4 is slated for release on April 29, and will broadcast over 9,000 hours of HD sport every year.
The satellite company also intends to launch Sky News HD in the "coming months” that is said to be Europe's foremost news channel completely in high definition.
Morrisons Posts 20% Surge in 2009 Profits, Plans Expansion
Morrisons expressed its confidence after witnessing a 20% rise in its pre-tax profits in 2009.
The company is all set to deliver a remarkable performance with the arrival of Dalton Philips, who will be joining as its new CEO.
At present, finance director, Richard Pennycook has taken the chair.
"2009 was a vintage year. We strongly outgrew the market for the second year in a row", he said.
Morrisons reported a 5.3% rise in the operating margins, with a 31% surge in the pre-tax profits.
Prudential Chief Executive To head to Edinburg Tomorrow
Prudential's chief executive, Tidjane Thiam, is revealed to head to Edinburgh tomorrow in order to table fund managers in the Scottish capital after botching a number of meetings with investors in London last week.
One senior fund manager, whose firm holds a stake in Prudential of above 1 per cent, quoted, "He clearly didn't want to be there. He was irritable and unhelpful."
While, another said that the meeting was a failure as many knew much about the deal when the meeting initialed as when in finished quickly.
Liberty Confirms Acquisition of BlueGem Capital
Liberty, the 135-year-old London department store, is revealed to be in takeover talks with Marco Capello, the former managing director of Merrill Lynch Global Private Equity, in an acquisition deal worth over £40m.
The retailer's shares registered a rise 7 per cent to 275p on the news, valuing it at £68.5m.
Liberty's confirmed that is close to being acquired to be via his investment fund BlueGem Capital Partners after months of speculations about the company.
SuperGroup Set to Reap £80 million
The founder and management of SuperGroup, the trendy fashion tag and retailer favored by David Beckham and Jude Law, are revealed to be well prepared to yield almost £80 million after completing the transformation from market stall to the stock market company.
SuperGroup, which trades as SuperDry, Cult Clothing and 77 Breed, yesterday disclosed its plans to float with an offer price of £5, valuing the company at £395 million.
Mandelson Announces £270 Million Loan to GM, Saves 32,000 Jobs
Business Secretary of the State Lord Mandelson gave way to deal between General Motors and Vauxhall providing an amount of £270 million, in an attempt to save more than 32000 jobs.
"I always said the Government would stand four-square behind Vauxhall and, with this announcement, we have kept our word", he said.
Following the deal the operations of Vauxhall in Britain will continue and no more job cuts would be seen.
EFF reveals Apple’s secret iPhone developers agreement
Apple’s contracts with iPhone developers have been brought to light by the Electronic Frontier Foundation, in a move that provided experts with a chance to scrutinize the contracts.
The terms of the contracts have been described as ‘troubling’ by the EFF as the App store developers even require written permission to talk about the contracts. The EFF also described Apple as "a jealous and arbitrary feudal lord".
AT&T adds Google Android platform to its portfolio with Motorola's Backflip release
AT&T has released the Motorola Backflip, in a move that added the Google Android platform to its portfolio of mobile phones.
The Motorola Backflip comes with a unique back-flipping QWERTY keypad and back-of-display touchpad.
The device allows its users to navigate its screen by touching a panel equipped behind it, therefore no need to keep fingers on the screen.
Mobile TV, music, video, GPS, 3G/WiFi are some of the services that come with the handset, which has a 3.1-inch touchscreen.
BNY Mellon to Acquire BHF Asset Servicing
Bank of New York Mellon Corp., the world's largest custodian of financial assets, announced that its plans to take over Germany's BHF Asset Servicing GmbH under a deal worth about $343 million.
Michelle Grundmann, Managing Director and Frankfurt branch head at BNY Mellon, in an interview today posted that the bank is looking to scrutinize takeover opportunities that emerge in Europe, even as the focus remains on organic growth.
The deal which is slated to conclude in the third quarter will immediately boost to its GAAP earnings per share.
GT Group to create 200 new jobs
Engineering firm, GT is set to create 200 new jobs after it is assured of sales orders worth £200 million. The company will safeguard additional 200 jobs.
GT group from County Durham has announced that its order book is good for the next five years. The company is involved in making engine emissions control systems. The systems designed by the company works on a technology which improve the cleanliness of engines and it is to be fitted to trucks, tractors, marine and construction equipment.
Apple iPad commercial debuts during 2010 Oscars
Apple advertised its much-anticipated iPad tablet for the first time during last night's 2010 Academy Awards telecast.
The company aired the iPad commercial after last week's announcement the iPad would go on sale on in the US on April 3. In the rest of the world, the device is expected to be released in late April.
In the US, the iPad will be available with a price tag of $499. Only WiFi model of the iPad will be made available from April 3. WiFi and 3G model will hit the stores later in april.
LucasArts may release Monkey Island 2: special edition
LucasArts is reportedly busy in making a sequel of Monkey Island 2, after enjoying the success of the special edition of The Secret of Monkey Island.
The sequel Monkey Island 2: LeChuck's Revenge is expected to come with improved voice acting and graphics.
Monkey Island 2, which was released in 1991, was a great success. It was a story of Guybrush Threepwood's attempt to find the treasure of Big Whoop and win back the affections of Elaine Marley.
Waitrose boss vows to double sales & marketing share by 2020
Waitrose boss Mark Price is determined to double sales and marketing share over the next decade as the supermarket chain is planning to open a number of new stores.
Waitrose's MD Mark Price aims to push sales up from £5 billion now to £10 billion and market share from 4.3 per cent to around 8 per cent by 2020.
The Group has plans to open new stores, build partnerships and introduce new products. Mark Price said that there is great potential for 23 stores in the United Arab Emirates.
Glencore plans to buy back Prodeco from Xstrata
The world's biggest commodities trader, Glencore has planned to exercise an option and decided to buy back Colombian coal miner Prodeco from Xstrata.
Glencore had sold the company to Xstrata last year and has now agreed to pay around $2.5bn for Prodeco. It has not made its future plans for miner clear but some believe that it is already in talks with some parties including Brazilian mining giant Vale for a possible sale.
Deadline for talks to break a deadlock for BA
British Airways should complete the talks to avert a strike by its cabin crew by the end of Tuesday, according to TUC.
The meeting between the two parties is being chaired by TUC which has set the deadline of 9 March for "close of play". The cabin crew is angry about pay and working conditions and has voted yes to go in for a strike in a February vote.
WPP group expects flat growth in 2010
The head of WPP group, Sir Martin Sorrell has said that he expects a flat growth for the group in 2010.
Sir Martin said that he does not see recessionary trends in big markets, and he forecasts a growth in emerging markets. Sir Martin sees a tough time for company operations in Western Europe in the year.
The group recorded a 21 per cent drop in pre-tax profit to £663m from £747. The revenue was up 5 per cent to £8.7bn. Earning per share for the company fell from 37.6p to 35.3p.
Metro Bank ready for launch of operations in London
A new High Street bank, Metro Bank has said that it has secured a banking license from the authorities and is now ready to launch operations in London.
The bank received the license from the Financial Services Authority. The bank plans to enter with extended and approachable working hours of 8am to 8pm on weekdays and 10am to 4pm during weekends, in order to attract greater number of customers.
THQ announces release dates for Metro 2033
THQ Inc, the interactive entertainment software firm, has unveiled a trailer for Metro 2033 entitled Ghost of the Metro and announced that it will be available in retail from March 16th in the United States and Germany and March 18th in Australia.
Balfour Beatty posts better-than-expected results for 2009
Britain's leading infrastructure contractor Balfour Beatty has reported better-than-expected growth of 7 per cent in underlying pretax profit to 267 million pounds for 2009.
Revenue jumped 9 per cent to settle at 10.3 billion pounds.
The company said that it bagged strong contract in the development of public buildings, new roads and railways that helped it in posting strong results.
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