Company Updates

LG foreseeing about 47% rise in 2010 LCD TV sales

LG Electronics, world's second-largest manufacturer of liquid-crystal-display televisions after Samsung electronics, is expecting the sales of its LCD TVs to rise by around 47 per cent in 2010 owing to growing demand in the emerging markets.

South Korea-based LG has predicted to sell 25 million LCD TVs during the next year, up from nearly 17 million units by the end of 2009.

Wide gap between contribution schemes of private and public sector

PricewaterhouseCoopers, the accountancy firm said employers would have to contribute up to 35 per cent of a salary into an employee's pension scheme to make it equivalent to public sector pension.

Contribution of up to 35 per cent of a salary by the private sector would mean a huge bill to be borne by the private sector employers.

According to firm's estimates, a public-sector employee enjoys a pension worth £28,900, as against only £11,600 for the private-sector worker.

Microsoft pens deal with Wolfram Alpha to rival Google

The software giant, Microsoft and Wolfram Alpha have reportedly penned a deal that will allow Microsoft's search engine, Bing to present some of the Wolfram Alpha's specialized computational content in its result pages.

Wolfram Alpha, which prefers to call itself as a computational knowledge engine, was unveiled earlier in 2009 and was considered to have the ability to knock Google out.