COMPANIES

Software merger and acquisition activity increases

Misys Accepts $2B Bid, But Some Investors Hope For More

Directors of the U.K. banking-software company accepted a £1.27 billion ($2 billion) cash bid from San Francisco private-equity firm Vista Equity Partners that represents a 6 percent premium to Misys's closing price Friday.

Apple Announces Dividend, Share Buyback Plans

Apple Announces Dividend Scheme
As the world's largest company with a market cap of more than half a billion dollars, Apple Inc. [AAPL] is sitting on a large pile of cash upwards of $100 billion and decided Monday to institute a $2.65 a share quarterly dividend and buy back $10 billion in stock, the tech behemoth announced today.
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Street Fighter X Tekken Will Cost Players $100 to Unlock

Capcom have confirmed that a host of unlockable content has been included with Street Fighter X Tekken retail disc for Xbox 360 and PS3, including 12 previously unknown characters, and that players have to pay an additional fee to unlock and access them.
Apple logo

Apple's Cash Disposition To Be Discussed On Call Monday

Apple Inc. -- the world's most valuable publicly traded company by its market capitalization of $545.97 billion -- will conduct a conference call to announce the outcome of discussions concerning its cash balance on Monday at 9 a.m. EDT, which is before the U.S. equity-market open.
Sprint CEO Dan Hesse

Sprint Backs Out of Network Deal with LightSquared, Returns $65 Million

Wireless carrier Sprint has called off its spectrum-hosting deal with would-be LTE operator LightSquared, following unresolved issues the latter had with the FCC. The satellite portion of LightSquared’s operations has been nearly wiped out by government regulators, because it interfered with GPS signals. As part of the termination process, Sprint is returning $65 million it received as prepayments, to LightSquared.
Google Apps to Stop Supporting Old Browsers in August

Google Apps VP Quits Job To Head UpStart

Dave Girouard, Vice President of Product Management (Google Apps), has resigned from his post. He is leaving Google behind to start his own company name UpStart.
Activision Publishing CEO Eric Hirshberg speaks during the premiere of the video game "Call of Duty: Modern Warfare 3" in Los Angeles

Activision Blizzard: Dutifully Answering Call For Better Margins, Growth

Pity Activision Blizzard Inc. (NASDAQ: ATVI) at your own peril. The world's fastest growing video game maker suffers from the sort of unenviable problems most companies pray for. Its 37 percent growth rate over the last three years, with 2011 revenue topping $4.8 billion, earned it No. 185 on IBT 1000, a proprietary list created by the International Business Times of the top 1,000 fastest growing companies in the world.
Convicted Nazi death camp guard John Demjanjuk leaves a courtroom after his verdict in Munich

Convicted Nazi Dead At 91: Who Was John Demjanjuk?

John Demjanjuk, a former Ford autoworker and convicted Nazi, died Saturday in the Bavarian town of Bad Feilnbach at the age of 91. Demjanjuk, who was a guard at the Sobibor Nazi death camp in Poland during World War II, was sentenced to five years in jail in 2011.
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Apple iPad 3 Release: Top 10 Apps for the High Definition Retina Display

It seems that Apple wants the new iPad's users to experience the Retina Display to its core. The company has created a new section in the App Store named great apps for the new iPad, which is fully dedicated to apps that have been developed for the new iPad's Retina Display. Here's a list of top 10 apps that have been given a super high resolution update to correspond with the release.
Resident Evil: Operation Raccoon City

Resident Evil: Operation Raccoon City to Receive Free DLC April 10

Capcom, developers of upcoming third-person shooter Resident Evil: Operation Raccoon City, will release the post-launch free DLC for the game April 10, it has been reported. The new add-ons, according to sources, are an attempt by Capcom to lure fans to its fold.
Goldman Sachs

Goldman Sachs Source Leaked Apple, Intel Secrets: Reports

A source at Goldman Sachs Group Inc. who has been neither charged nor identified in a broad U.S. insider-trading probe was heard via wiretap leaking secrets about Apple Inc. and the Intel Corp., an attorney for former Goldman Sachs board member Rajat Gupta said in court on Friday.
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Huckabee vs Limbaugh: Cumulus aims at Clear Channel

Earlier this week, Cumulus Media sent out an email blast to fellow radio station owners with a photoshopped picture of former U.S. Presidential candidate Mike Huckabee, promoting him as the conservative talk radio host of the future.
People walk behind the logo of Swiss bank UBS in Zurich

China's Cinda Gets $1.6B From UBS, 3 Other Investors

China's Cinda Asset Management Corp., which was formed in 1999 to buy bad loans from Chinese banks, received 10.4 billion yuan ($1.6 billion) from four institutional investors as the state-controlled company prepares for an IPO.
A parked 2008 Ford F-250 truck.

Ford Sued in Class Action for Defective Truck Fuel Tanks

Ford Motor Co. has been sued in a federal class action lawsuit for allegedly selling E and F series trucks, including its popular F-250 and F-350 Super Duty trucks, with a defect in their fuel tanks known of since 2007, a complaint filed in Federal court Wednesday said.
United Technologies (UTX)

United Tech To Sell Units, Scrap Stock Issue, To Raise $3B

Continuing its delicate game of portfolio balancing, United Technologies said Thursday it will sell off several major business units as way to raise cash for a previously announced $16.5 billion acquisition of aerospace manufacturer Goodrich Corp.

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