COMPANIES

Qualcomm debuts 2.5 GHz Snapdragon mobile chip

Chip
Chip-maker Qualcomm Inc. (NASDAQ:QCOM) is debuting a new version of its Snapdragon mobile processor offering speeds of up to 2.5 gigahertz and twelve times faster than its predecessors.

Samsung Galaxy Tab 10.1 vs Motorola Xoom

Samsung Galaxy Tab 10.1
Samsung launched its 10.1-inch Galaxy Tab at the Mobile World Congress event in Barcelona, reflecting its move from the 7-inch form factor to tackle the likes of Motorola Xoom and Apple iPad.
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Oracle's Larry Ellison

Oracle’s Larry Ellison buys 249-acre Porcupine Creek

Larry Ellison, an American business magnate, co-founder and chief executive officer of Oracle Corporation, has bought the 249-acre estate that once belonged to Yellowstone Club founders Tim and Edra Blixseth called Porcupine Creek in Rancho Mirage, Calif.
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White House backs standard for mortgage servicers

The Obama administration favors creating a national standard for mortgage servicers such as Bank of America Corp and JPMorgan Chase & Co that have been accused of botching home foreclosure procedures.
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Sappi to push for further paper price hikes

South African paper maker Sappi may push for further prices increases later this year as cost pressures threaten a recovery in growth, its chief executive said on Friday.
De Beers

De Beers returns to profit, remains cautious

De Beers, the world's largest diamond producer, returned to a profit in 2010 as production rose 34 percent and diamond prices recovered to pre-crisis levels, although it remains cautious about the market this year.
Manchester United's coach Alex Ferguson (R) talks to a facilities assistant during a training session at the Aspire Academy for Sports Excellence in Doha on Jan 2010.

Manchester United to be sold to Qatar Royal Family?

According to reports in the Daily Express, the Glazer family, owners of Manchester United Football Club, have closed in on a deal to sell the club to Qatar Holdings for £1.6 billion, double what they paid when they brought the club in May 2005.
A DuPont logo is pictured on the EMEA (Europe, Middle East & Africa) and Du Pont de Nemours International SA building in Grand-Saconnex

Hedge fund Elliott rejects DuPont's Danisco bid

Elliott Associates, the $17 billion U.S. hedge fund, added its voice to demands that chemicals giant DuPont raise its $5.8 billion bid for Danisco, the Danish maker of food ingredients and enzymes.
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TMX buys stake in Australia's MinesOnline.com

Canadian exchange operator TMX Group (X.TO), which is the target a friendly takeover by the London Stock Exchange (LSE.L) said on Thursday it has taken a 50 percent stake in Australia's PCF MinesOnline.com Ltd.
The New York Stock Exchange

Deutsche Boerse-NYSE deal faces antitrust snags

Deutsche Boerse AG's planned takeover of NYSE Euronext faces intense scrutiny from German regulators and European antitrust authorities, potentially imperiling the blockbuster exchange tie-up.
Richard D. Kinder, Chairman and Chief Executive Officer of Kinder Morgan Energy Partners LP addresses the Reuters Energy Summit

Kinder Morgan's upsized IPO raises $2.86 billion

Pipeline company Kinder Morgan Inc sold more shares and priced them above the expected range, an underwriter said on Thursday, raising about $2.86 billion in the largest U.S. energy initial public offering since 1998.

Starbucks CEO invests in Groupon, gets board seat

Daily deals website Groupon said on Thursday that Starbucks Corp Chief Executive Howard Schultz had joined its board of directors and that his venture capital firm had taken a stake in the company.
Chairman of the Federal Reserve Ben Bernanke at National Press Club luncheon on the economic outlook in Washington

Bernanke to testify on Dodd-Frank next week

Federal Reserve Chairman Ben Bernanke and other top U.S. regulators will appear before the Senate Banking Committee next week to discuss the implementation of the Dodd-Frank financial reform law, the committee announced on Thursday.

China energy firms' gas acquisitions

PetroChina (0857.HK)(PTR.N) agreed to pay C$5.4 billion ($5.4 billion) for half of Encana's Cutbank Ridge shale gas project, marking the largest Chinese investment in a foreign gas asset.
Deison Sanders

'Neon Deion' to sell his penthouse, ranch in Texas

Deion Luwynn Sanders, the former National Football League cornerback and Major League Baseball outfielder who currently works as an NFL Network analyst, has listed his two Dallas homes on the market.

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