IBT Staff Reporter

152881-152910 (out of 154943)

Nokia to sell WiMAX Phones in 2008

Nokia, the world's largest producer of mobile handsets, announced on Wednesday that it will introduce cell-phones based on the emerging WiMAX standard, beginning in 2008.

AFD Loans $50.1M to S. African Bank for Housing

The French Development Agency (AFD) signed a subsidized loan agreement on Wednesday with top South African bank, Nedbank, for $50.1 million (€40 million) to provide housing loans for low-income households.

Bratz Dolls Get New Couture Look

The company behind the Bratz series of fashion dolls is partnering with a Canadian designer to bring a new series of Haute Couture dolls to the local market.

WTO: Viet Nam Membership Possible By End Oct

WTO members began negotiating Vietnam's membership to the trade body on Monday. The talks are aimed at concluding the final terms of agreement and completing the deal by the end of the month.

Analysts: Google YouTube Acquisition Pressures Rivals

On Monday, Google announced its acquisition of online video leader YouTube in a $1.65 billion stock deal, an amount unprecedented in Google's acquisition history. Despite the high price, however, experts believe the move strategically places the firm ahead of its rivals.

Nokia Funds African Youth Program

Nokia donated $1.25 million (€1 million) to Plan, an international children's organization, the company announced on Monday. The funds will be used to modernize communications technologies in Africa and raise children's awareness of their rights and opportunities.

Yahoo to Create Digital Time-Capsule

Internet search giant Yahoo Inc. is creating an electronic time-capsule - comprising electronic data submitted from internet users - which the company will use to commemorate the year of 2006.

D. Telekom, Motorola, T-Online to Invest in Wireless Routers

Deutsche Telekom AG, the venture capital division of Motorola Inc. T-Online Venture Fund will invest $16 million in Ruckus Wireless Inc., a wireless equipment manufacturer that designed Wi-Fi routers that can beam various forms of media around the home.

Largest EU Investment Conf. Underway in Brussels

The biggest ever EU investment conference got underway on Monday with the start of a four day meeting in Brussels. A total of 30 European countries will prepare around 300 regional development programs for the next seven years worth $630 billion (€500 billion).

Google To Acquire YouTube for $1.65 Billion in Stock

The world's largest online search firm announced today that it will buy the largest online video site for $1.65 billion in stock. Google will combine its advertising and data organizing expertise with Youtube's video sharing prowess and traffic.

One of World's Largest Diamonds Sold for $12M

One of the world's largest diamonds, the 603-carat “Lesotho Promise Diamond,” was sold on Monday for $12.36 million, announced Gem Diamonds, the former owners of the diamond.

Remote Workers Engage in Risky Online Behavior

Most employees working away from the office say they are aware of security risks surrounding them and their data, however a new report released on Monday indicates they still engage in risky online behavior.

Airbus CEO Resigns, Successor Named

Following more than 3 months at the helm of the embattled Airbus jet-making division of parent company EADS, the division's CEO, Christian Streiff resigned on Monday. The EADS board announced that his replacement would be Louis Gallois, the current Co-CEO of the company.

Microsoft Vista, Office on Track: Analyst

The world's largest software maker, Microsoft Corp., released a more matured version the pre-release version to its Windows Vista operating system on Friday, prompting some experts to restate their confidence that the anticipated software will not face further delays.

YouTube Acquisition May Be Positive: Analyst

The Wall Street Journal reported this Friday that search leader Google is in active talks to acquire online video site, YouTube, for $1.6 billion; a move some analyst believe is in Google's best interests.

WTO Urges Further Reforms in Kyrgyzstan

The Kyrgyz Republic has made impressive progress since its economic and political transition to a market-based economy, but some continued reform remains important, the WTO Secretariat reported on Monday.

Sony Introduces HD Surgery Equipment

Sony Electronics introduced high-definition technology for medical surgery on Monday, rolling out equipment allowing practitioners to see details of patients at never-before resolutions.

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