Reuters News

Facebook stock sale would value company at $70B

That’s not a typo in the title, that’s seventy billion dollars… with a “b”. Reuters is reporting that a group of private investors is looking to offload nearly $1 billion worth of shares >>

RadioShack profits slump on weak T-Mobile returns

Reuters is reporting that this quarters pedestrian earnings filed by electronics retailer RadioShack has something to do with the wireless industry. Citing RBC Capital analyst Scot Ciccarelli, the publication notes that “RadioShack gave up a >>

Nokia’s tablet venture may exclude Microsoft

According to a report filed by Reuters, Nokia’s future tablet products may be lacking in one area, Microsoft software. Speaking to a source familiar with the Finnish company’s plans, the publication writes that >>

Nokia pushes E7 release to early 2011

Reuters is reporting that the world’s largest OEM handset manufacturer Nokia has delayed the release of its E7 handset until early 2011. A Nokia spokesperson said that the move was to “ensure the >>

Reuters: AOL contemplating breakup and merger with Yahoo!

Reuters is reporting that AOL, Inc. is contemplating a breakup through “a complicated series of transactions” that could end in a merger with search giant Yahoo!. The publication is citing “sources close to >>

Sony on pace to hit PS3 sales targets

Reuters is reporting that electronics company Sony is on pace to hit the PlayStation 3 sales target it set for itself (from March 2010 to March 2011) of 15 million units. The company >>