BUSINESS June 29, 2012 | 5:58 PM
As the online media and applications industries grow ever larger, Apple is looking to make it easier for users to manage their lives up in the cloud with a radical makeover of its iTunes software, according to sources close to the matter.
Changes in iTunes will include improved music sharing and file storage and integration capabilities with its iCloud service. This will streamline users’ management of music, videos and applications across the various Apple devices, the anonymous sources told Bloomberg.Read more »
BUSINESS June 28, 2012 | 3:39 PM
The world’s two largest manufacturers of smartphones and tablet PCs Samsung Electronics Co. and Apple Inc. will soon face off in court over patent infringements. A US District Court Judge has placed a temporary injunction on the sale of the Galaxy Tab 10.1 after Apple claimed the Galaxy is a copy of the iPad.
The injunction does not apply to the Galaxy Tab 10.1 II.Read more »
BUSINESS June 27, 2012 | 5:26 PM
Coca-Cola Co., the world's largest soft drinks manufacturer, plans to invest $3 billion more than previous announced in its Indian division over the next eight years. In November, Coke announced it would be investing $2 billion, but decided to up its investment after growth increased in Asia earlier this year.
Prior to this, Coke invested $2 billion in India over the past 19 years.Read more »
BUSINESS June 6, 2012 | 1:50 PM
Salesforce.com Inc., which sells CRM software and cloud computing services, is buying social marketing platform Buddy Media for $689 million so it can better compete in the growing social media sector.
Salesforce CEO Marc Benioff says the company chose Buddy Media because of its reputable products and the strength of its platform, adding the acquisition will allow Salesforce to keep up with customer demand.Read more »
BUSINESS June 6, 2012 | 10:30 AM
Starbucks Corp., the world’s largest coffee-shop chain, will purchase San Francisco-based Bay Bread LLC for $100 million in cash in an effort to boost the number of its non-coffee offerings. The purchase includes 19 retail locations and the brand name La Boulange.
La Boulange products are sold at San Francisco area grocery stores, hotels and restaurants, with products including French style bread, homemade granola and flank steak sandwiches.Read more »
BUSINESS June 5, 2012 | 10:01 AM
Cisco Systems’ Visual Networking Index (VNI), which analyzes the growth and use of IP networks worldwide, predicts that internet traffic will grow at a rate of 29%, with nearly 19 billion total global mobile and fixed network connections by 2016.
In a recent statement, Cisco said: “The projected increase of global IP traffic between 2015 and 2016 alone is more than 330 exabytes, which is almost equal to the total amount of global IP traffic generated in 2011 (369 exabytes).”Read more »
BUSINESS June 4, 2012 | 6:01 PM
Macau's Gaming Inspection and Coordination Bureau reports that Macau, the world’s largest gambling destination, saw revenue grow in May 2012 by 7.3%, which is the smallest percentage of increase since 2009. The number is also much lower than the 22% seen in April, and the 70%-90% growth rates seen in 2010.
Macau, located on the South China Sea, reports gambling revenue five times that of Las Vegas. It saw its initial industry boom aided by rising property values in China as well as a rise in disposable income.Read more »
BUSINESS June 1, 2012 | 10:59 AM
Caterpillar Global Mining LLC, the world's largest manufacturer of bulldozers, excavators and other earth-moving machinery, will sell a portion of its distribution-and-support business Bucyrus to Barloworld Ltd. for $115 million.
The sale comes less than a year after Caterpillar purchased Bucyrus for $7.6 billion.Read more »
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