COMPANIES

Microsoft to Fold Booth at CES After 2012

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The largest consumer technology trade show in America has been a launch pad for some of the biggest new technologies and has gathered over 100,000 visitors every year. According to a report on Associated Press, the Consumers Electronics association which organizes CES, has received interest from other exhibitors for Microsoft's booth space.
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Cheap Cigarette Biz Busted

Smoke cigarettes, and you'll pay the price--especially if you're in New York City. Island Smokes, a business that allows patrons to roll their own cigarettes, has two locations in New York (one in Long Island, the other in the Lower East Side), but has agreed to shut down its business in order to avoid a lawsuit from the city. The stores will be closed by February 1.
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Lacavera, Chairman of Globalive and WIND Mobile and Campbell, CEO of WIND Mobile, speak at a news conference in Toronto

Globalive targets rival, no deal yet: source

Canadian telecom upstart Globalive wants to buy rival Mobilicity but no deal is imminent or indeed likely until the government clarifies rules on foreign ownership and airwave allocation, according to a source with knowledge of the situation.
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Mets for Sale, $20M a Slice

The New York Mets are looking for minority owners. Twenty-million dollars will get an individual 4 percent ownership of the team.
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U.S. Existing Home Sales Up 4% in November: NAR

U.S. sales of existing homes were up 4 percent in November to an annual rate of 4.42 million units, according to the National Association of Realtors (NAR), suggesting that a housing recovery is beginning.
A Qualcomm sign is seen at one of Qualcomm's numerous buildings located on its San Diego Campus

China tops U.S, Japan to become top patent filer

China became the world's top patent filer in 2011, surpassing the United States and Japan as it steps up innovation to improve its intellectual property rights track record, a Thomson Reuters research report showed on Wednesday.
RIM: No Truth to the Blackberry 10 Rumors

RIM Stock Advances on Acquistion Reports

There was also a report that Amazon.com Inc. considered buying Research in Motion (RIM). But RIM, maker of the BlackBerry, is said to have turned down overtures from Amazon since the company is determined to repair current shortcomings on its own, according to a report from Reuters.
The Olympus logo on its camera is seen in this illustrative photograph taken in Tokyo

Japanese Prosecutors Raid Olympus over Accounting Scandal

Japanese prosecutors raided offices of Olympus Corp and the home of a former executive Wednesday in a probe into a $1.7 billion accounting scandal that has threatened the survival of the once-proud camera and medical equipment maker.
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Mozilla Seals Search Deal With Google Until 2014

Mozilla has been a valuable partner to Google over the years and we look forward to continuing this great partnership in the years to come, said Alan Eustace, Google's Senior Vice President of Search.

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