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7
May 10
Fri

Daily news rundown

  • Apple sued by Nokia over 5 patents – Apple of course counterclaimed – meanwhile, Nintendo, after a decline in profitability, identified Apple as a competitive threat, or "enemy of the future"
  • iPad’s international release announced by Apple – May 28 in Australia, Canada, Japan and Western Europe; HK, Benelux, Mexico, NZ, Singapore, Austria in July – pricing is materially more expensive, apparently due to taxes (top-end model is GBP 699 vs USD 829) – iPad has reportedly sold out in US retail stores
  • UK election results in a hung Parliament – here are their options now – people turned away at poll booths and vote counting went all through the night and the next morning in a mismanaged election
  • Germans approved their portion of Greek bailout – 22.4b Euro over 3 years as part of 110b Euro package
  • Zynga announced Zynga Live – a move towards a split with Facebook after Zynga complains about Facebook’s 30% cut of Facebook credits and negotiations begin to break down
  • AIG announced $1.5b Q1 profit
  • HCA files for $4.6b IPO – health care company was taken private in a $21b LBO in 2006 by Bain Cap, KKR, and MLGPE
  11:43pm  •  Business & Finance  •  Current Affairs  •   •  Tweet This  •  Add a comment