IBT Staff Reporter

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Microsoft's cloud venture Windows Azure poised for take off

Microsoft’s cloud-based Windows Azure, is similar to cloud sky in many ways, according to reports of a test at the available production-level features in Microsoft's platform-as-a-service (PaaS) offering, but with some major differences
Jun 21, 2011

Stock index futures signal gains for Wall Street

Stock index futures pointed to a strong open for Wall Street on Tuesday, adding to gains from the previous session, as expectations grew that a solution would be found for Greece to avoid a default.
Jun 21, 2011

Nokia unveils new smartphone

Nokia Chief Executive Stephen Elop unveiled a new smartphone on Tuesday that uses software the firm plans to ditch, a move analysts said would probably condemn the device to obscurity.
Jun 21, 2011

Nokia unveils new Windows smartphone

Nokia Chief Executive Stephen Elop unveiled a new smartphone on Tuesday that uses software the firm plans to ditch, a move analysts said would do little to halt the Finnish firm's slide in market share for handsets.
Jun 21, 2011

Cabinet vote nears as EU/IMF team heads to Greece

Prime Minister George Papandreou's cabinet faces a confidence vote late on Tuesday, the first of three tests the Greek government must survive to avert the euro zone's first sovereign debt default.
Jun 21, 2011

World stocks off 3-week low, focus on Greece

World stocks and the euro rose from last week's three-week lows on Tuesday as expectations that the euro zone will avoid a messy default of Greek sovereign debt attracted investors back into risky assets.
Jun 21, 2011

Scandals or not, VC firms still love China Net startups

The rash of accounting scandals that has hit U.S.-listed Chinese stocks has not curbed the appetite of private equity and venture capital firms looking for the next set of Chinese Internet stars in the mainland's So-Lo-Mo and luxury e-commerce sectors.
Jun 21, 2011

Chinese banks falter as slowdown, tightening bite

Shares of major Chinese lenders China Construction Bank <0939.HK> and Agricultural Bank of China <1288.HK> fell to multi-month lows on Tuesday, hit by potentially souring loans, an economic slowdown and tighter capital requirements.
Jun 21, 2011

India IT hub orders Google to suspend Street View service

Google Inc has been ordered by city police to suspend its Street View service in the Indian IT hub of Bangalore, the company said on Tuesday, in the latest setback to its global mapping project that has been hit by privacy fears.
Jun 21, 2011

Euro up slightly, Greek confidence vote awaited

The euro inched up in choppy trading on Tuesday on hopes that squabbling policymakers will come up with a solution to avoid a debt default by Greece, sentiment that also buoyed Asian shares.
Jun 21, 2011

Apple Mac Pro, MacBook Air shipping with custom CPU, Lion, and Thunderbolt?

The new Mac Pro, Mac Mini, and MacBook Air are set to buff up its hardware as speculations are circulating about their release date in late July or first week in August. Apple is rumored to equip and ship the upgraded devices with the powerful Intel Sand Bridge CPU processor, OS X Lion, and Thunderbolt. The Intel’s Sandy Bridge have already been at work offering their Core i5 with 3.3 GHz up to its Core i7 Extreme with 3.7 GHz in PC computers.
Jun 21, 2011

Greek PM faces confidence vote, fights to avert default

Greek Prime Minister George Papandreou faces a confidence vote on Tuesday, a hurdle he must clear to win backing for a new round of spending cuts, tax hikes and state asset sales needed to secure a 12 billion euro ($17.2 billion) lifeline and avert the euro zone's first sovereign debt default.
Jun 21, 2011

Nokia to launch Windows phone later this year

Ailing Finnish cellphone maker Nokia will launch its first smartphone using the Microsoft Windows platform later this year, and will begin to ship the models in volume in 2012, Chief Executive Stephen Elop said on Tuesday.
Jun 21, 2011

Hulu Decides to Follow Apple's New Rule

Hulu, owned by Comcast's NBC, Disney's ABC and News Corp's Fox, has decided to comply with Apple's subscription policy on iOS devices in order to gain access and reach Apple's 225 million users.
Jun 20, 2011

Saturn moons may hold potential life: Cassini NASA Helene close encounter

As NASA's Cassini project relayed images back after snapping photos of several of Saturn's 60 known moons. The images revealed lakes and rivers filled with liquid methane on Titan, Rhea with an atmosphere full of oxygen, and an ocean-like surface under a thick hydrocarbon atmosphere. The signs of water molecules and oxygen has given much speculation about life form existing on Saturn moons.
Jun 20, 2011

Euro slightly up, Greek confidence vote awaited

The euro inched up in choppy trading on Tuesday on hopes squabbling policymakers will come up with a solution to avoid a default by Greece, sentiment that also buoyed Asian shares.
Jun 20, 2011

1.3 Million Sega Customer Accounts Compromised

Sega Corp.'s database has been hacked. The multinational video game developing company headquartered in Tokyo, Japan has sent an email to users to notify Sega Pass system users that their emails, dates of birth and their passwords were compromised by hackers. The stolen passwords were encrypted.
Jun 20, 2011

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