Google Assembles Parts for Facebook Rival
It seems only a matter of time before the Internet’s version of Clash of the Titans occurs between Google and Facebook. The latest development in this pending collision is a report that Google is negotiating with major game developers for the social media space as part of a move to launch a competitor to Facebook, [...]
China hits back at US over trade and currency
Chinese foreign ministry spokesman Ma Zhaoxu insisted the value of the Chinese yuan was not the main reason for China’s trade surplus with the US.
Mr Obama vowed to ensure that countries were not giving their currencies an unfair advantage over the dollar.
Ties between the US and China have been strained over an arms deal with [...]
Monster Acquires Yahoo HotJobs for $225 Million
Monster, best known for its online employment website, has just announced that it has acquired Yahoo HotJobs from the Internet giant for $225 million in cash. Yahoo and Monster have also entered a 3 year traffic deal as part of the acquisition.
Yahoo’s HotJobs service works as you might expect any job website to function. However, [...]
Wal-Mart to eliminate 11,500 jobs at Sam’s Club
Wal-Mart Stores Inc. will cut about 11,200 jobs at Sam’s Club warehouses as it turns over the task of in-store product demonstrations to an outside marketing company.
The move is an effort to improve sales at Sam’s Club, which has underperformed the company’s namesake stores in the U.S. and abroad.
The cuts represent about 10 percent of [...]
China gives first response to Google threat
China has said that foreign internet firms are welcome to do business there “according to the law”
The statement, from Foreign Ministry spokeswoman Jiang Yu, is Beijing’s first response to Google’s threat to stop filtering content in China.
Google said cyber-attacks originating in China aimed at rights activists, and increased web censorship, might force it to end [...]
