HP Outbids Dell for 3Par Storage Company
3Par is a data storage company that creates and sells “storage utilities” using specialized computers to keep and maintain data that are regularly updated. Dell and Hewlett-Packard, two of the world’s largest computer manufacturers are braced in an expensive competition over which company will acquire 3Par, Inc. On Monday, Hewlett-Packard Co.bid $1.5 billion for 3Par, [...]
Read More...Tiger Woods Divorce Finalized
On Monday, Tiger Woods, one of the best golf players of all time and his wife Elin Nordegren were officially divorced. This came nine months after Woods’ car accident outside their home which started scandalous revelations that Woods had been unfaithful to his wife having multiple affairs. A joint statement from Woods and Nordegren was [...]
Read More...New Credit Card Rules Take Effect On Sunday
Some new credit card rules will help credit card users, who now have the chance to pay off their credit card debts minus the incurring huge fees for using it beyond their spending limits. These new set of laws went into effect on Sunday. The new rule is the third chapter of the credit card [...]
Read More...Obama Vacation – President takes a break
On the first day of President Obama’s 10-day vacation, he spent time playing golf and checking out books in a bookstore in Martha’s Vineyard. This is a 360 degree turn from his busy life in Washington D.C. The President’s ongoing family vacation has sparked a number of issues, coincidental with the country’s brittle economic situation. [...]
Read More...Egg Recall From Iowa Producer Extends Worries On Salmonella
An egg recall for millions of eggs that have gone across the country has begun. On Friday, research on the widespread intestinal diseases in 10 states led to a second major egg producer in Iowa as the probable source. Seems contaminated eggs have started a lot of salmonella cases since May of this year. These [...]
Read More...California Jobless Rate Still At 12.3% In July
Last month, California Jobless illustrated a few signs of economic improvement because the rate of unemployed citizens stayed the same at 12.3% The percentage of the jobless people did not changed from the previous month. This was announced by the states’ Employment Development Department on Friday. This percentage rate is .5% more than July 2009’s [...]
Read More...Obama Muslim or Christian
Is Obama Muslim, according to an opinion poll released on Thursday, almost 1/5 of Americans deem that President Barack Obama is a Muslim. This result came out even though Obama’s public statements say that he is a Christian. Pew Research Center conducted this survey and shows an increase of 7% from 11% in March to [...]
Read More...Intel takes over McAfee for $7.68B
On Thursday, Intel publicized its plans to buy McAfee for $7.68 billion. Having been in business for the last 42 years, this is one of the company’s attention-grabbing decisions. According to the terms of the purchase, Intel will pay $48 per share, 60% more than the Wednesday’s closing at $29.93 per share. This will make [...]
Read More...Reynolds Group to buy Hefty Bags Maker – Pactiv
Rank Group Ltd. agreed to buy Pactiv Corporation, the makers of Hefty bags. The transaction amounts to $4.5 billion which will aid the packaging manufacturer to develop more products that will specialize in take-out food packaging and cutlery as well. After the negotiations were disclosed, the per share price increased 39%, from $23.97 to $33.25. [...]
Read More...Michael Douglas Diagnosed With Throat Cancer
Michael Douglas, one of the biggest actors in Hollywood, was diagnosed with throat cancer. The star of the movie “Wall Street” will go through two months of treatment, including chemotherapy and radiation. News of his health condition was released on Monday. In 2006, Michael Douglas, the 65 year-old actor gave up his habit of smoking [...]
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