MySpace to buy social-music company iLike

Social-networking giant MySpace announced Wednesday it will acquire iLike, a social music startup, in a bid to give its site a new make over after loosing out attention and users to rival, Facebook. Terms of the deal were not disclosed. Read Full Article here.

Not one but two Apple Tablets coming Sept. 9

Market researcher Richard Doherty said that Apple has developed two tablet computers prototypes: a 6-inch oversized-iPod version and another with a bigger display. The researcher speculated that the smaller Apple tablet would cost about $679 and will probably run on an iPhone-based operating system. Read Full Article here.

Asian electronics makers riding global turnaround

Asian electronics makers are forecasting a turnaround in the second half of this year, citing a pick-up in global demand. Several companies say the worst is over for a sector at the heart of emerging Asia's battered, export-reliant economies -- from Thailand to Singapore, Malaysia and Taiwan. Read Full Article here.

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