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Yahoo board member Icahn wants Microsoft deal

Activist investor Carl Icahn spoke out in favor of a search deal between Yahoo Inc and Microsoft Corp, as talks between the two companies appeared to regain momentum. Icahn declined to comment on the state of any negotiations between Yahoo and Microsoft. He had tried to broker a partnership between the two companies last year, when talks on Microsoft’s $47.5 billion takeover bid for Yahoo fell... 

Movie studios try to harness “Twitter effect”

Audiences are voicing snap judgments on movies faster and to more people than ever before on Twitter, and their ability to create a box office hit or a flop is forcing major studios to revamp marketing campaigns. The stakes are especially high this summer season when big budget movies like “Harry Potter and the Half-Blood Prince,” which opened on Wednesday, play to a core audience of young,... 

Idea cellular to invest Rs.1,000 crore in Tamil Nadu

Telecom major Idea Cellular will invest Rs.1,000 crore ($205 million) over the next three years in Tamil Nadu to expand its network, a top company official said Thursday. “The company will invest Rs.1,000 crore to expand its cell sites to 2,400 by 2010 and presence to 1,200 towns in the state. By 2011 the number of cell sites will be 4,000 and the presence will be in 3,300 towns,” Himanshu...