Gulf nation Abu Dhabi has reportedly acquired a 8.1% stake in American microprocessor firm AMD for about $700 million. The purchase is being routed through Mubadala Development, a wholly owned investment vehicle of the Government of the Emirate of Abu Dhabi, in the United Arab Emirates. Mubadala’s mandate is to set up new companies and acquire strategic […]
Amazon.com is set to roll out its much anticipated Kindle e-book reader on Monday kindling hopes that at least this time e-books will take off. Early reports suggest that Kindle will include a Wi-Fi connection to let consumers connect to Amazon’s e-book store and buy electronic books. Priced at $399, the Kindle device is also supposed to […]
Google hit a road bump in its proposed acquisition of online banner ad services provider DoubleClick with the European Union’s antitrust regulators deciding to open an in-depth investigation into the deal. In their initial market investigation, EU officials found the proposed merger would raise competition concerns in the markets for intermediation and ad serving in […]
Our Kerala girl Rachel Paulose is facing strong headwinds in her job as the U.S. Attorney for the District of Minnesota. Of course, we knew Rachel Paulose was in trouble. But the magnitude of opposition she faces surprised us after reading today’s New York Times. The essential criticism against Rachel Paulose seems to be that […]
Over the last 150 years, Absinthe – a kind of green herbal liquor that was long banned in many nations until recently – has inspired fervent devotion from its fans as much as it roused rabid hatred from its detractors. Here’s what Oscar Wilde had to say about the green goddess (courtesy: NYT) After the first […]
Adobe, better known as the maker of the Photoshop graphics software, the Acrobat reader and Flash browser plug-in, has named Shantanu Narayen its new CEO effective December 1. A eight-year veteran of Adobe, Narayen is currently president and COO of the San jose, California software vendor. As COO, Narayen is currently responsible for day-to-day […]