Will Tech Mahindra be able to stabilize Mahindra Satyam? This is the big question of the day and the same subject comes to fore as Tech Mahindra said it would still look to boost its stake in Mahindra Satyam through a purchase of new shares direct from Satyam. There is no doubt that it may stimulate others also especially after a public offer received a poor response.
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Popular radio show ‘The Infinite Mind’ is expected to be off the air indefinitely starting next week. The National Public Radio announcement follows discovery that its host Dr Frederick Goodwin was paid by drug companies to talk about their products. From GlaxoSmithKline alone Dr Goodwin had received more than $329,000 to talk about their anti-depressant Lamictal, on his show as well as in promotional lectures.
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As many as 110 banks have requested the US Treasury Department’s rescue fund for $170 billion to bail them out of financial crisis. The Treasury has set aside $250 billion to purchase stock in banks as a rescue measure.
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Around the world, PC buyers have different needs and expectations. Manufacturers continually try to develop products that match customer preferences but in the arena for PDAs and mini-laptops, they have come up with a monster of a puzzle.
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Computer-makers Hewlett-Packard, Dell, Toshiba, Lenovo and Acer have decided to recall the Sony battery in their laptop models sold around the world. This is the second time in this decade that the electronics giant has had to recall its batteries. The battery in question is the 2.15 Ah lithium ion cell powering laptops made by the five PC makers. The batteries were found to cause overheating with some incidences where smoke and flame were observed. In some cases users had suffered burn injuries and “minor property damage”.
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Consumer watchdog Public Citizen is seeking a ban on ‘Avandia’, a pill prescribed to Type 2 diabetes patients. The drug has been linked with a number of deaths resulting from liver-failure and other complications.
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Leading credit card network American Express Co. said the customer-led recession has compelled it to carry out a restructuring plan that included cutting 7,000 jobs or 10% of its global workforce.
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Steven Spielberg has teamed up once again with Universal Studios - his first production house which helped create his hugely successful films like ‘Jaws’ and ‘E.T.: The Extra-Terrestrial’. He and partner Stacey Snider - CEO of DreamWorks have parted ways with Paramount Studios to sign a 7-year theatrical distribution deal with Universal.
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Large wireless carriers such as AT&T, T-Mobile and Verizon Wireless are opposing a proposal by the Federal Communications Commission to use unused airwaves to provide free Web access. The telecom giants have their own broadband services on adjacent spectrums and are understandably anxious of the impact on their business. T-Mobile particularly, is worried the free web service would disrupt its own 3-G wireless network.
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OVERLAND PARK, Kansas - Digital media provider RealNetworks Inc. and Sprint Nextel Corp. have entered into a partnership to provide Real’s streaming radio called Rhapsody radio to Sprint customers.
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