Sony Ericsson this morning reports that its pre-tax loss of 247 million euros ($318 million) in the 2011 Q4, after reporting a profit of 31 million euros in 2011 Q3. The company is a 50-50 percent joint-venture between Sony and Ericsson. The company blames the loss is due to the unfavourable macroeconomic conditions and effects from the flooding in Thailand. The...

Eastman Kodak Company (“Kodak”) announced today that it and its U.S. subsidiaries filed voluntary petitions for chapter 11 business reorganization in the U.S. Bankruptcy Court for the Southern District of New York. The Company has made pioneering investments in digital and materials deposition technologies in recent years, generating approximately 75% of its revenue from digital businesses in 2011. Kodak has obtained a fully-committed, $950 million debtor-in-possession credit facility with an 18-month maturity from Citigroup to enhance...

Facebook, an 800+ million users social network, at its ongoing media event announced its Open Graph program plans where it has teamed up with 60 developer partners. The apps it will bring to its users’ timelines. The company has teamed to roll out the apps for its users that will encourage to tell their friends more that what they’re doing, like buying a scarf...

Zynga, a social network game company confirmed the names of all those four small mobile game companies it has recently acquired. The company’s top mobile executive David Ko told reuters that it had acquired the companies in recent months. The company acquired Hanover based GameDoctors in December, San Francisco based Page44 Studios in September, another San Francisco based HipLogic in August and New York based Astro Ape Studios. It did not disclose the sums paid for those companies. GameDoctors created mobile game ZombieSmash, Page44...

Google+ has long been the place to share and interact with friends either through using Hangouts or watching YouTube Videos. The company move a step further and announced its new feature, letting you allow to record and share videos of yourself using your webcam. The feature was announced by Shana Gitnick, an engineer on the Google+ Photos team on her Google+ page....

eBay, an e-commerce conglomerate announced that it increased it 2011 revenue by 25 percent and made a expectation break record revenue of $11.7 billion. The company generated its net income on GAAP basis of $3.2 billion and $2.7 billion in non-GAAP net income for the full year. The report confirms the company earning closed out at $3.4 billion in revenue during the Q4. “We had a strong fourth quarter finish to an excellent year, increasing our confidence in our three-year outlook,” said eBay Inc. President and CEO John...

Facebook at their f8 developers’ make some major announcements including their newest improvements to Facebook communication – group chat and video calling. With a most-messaged friend list, it’s much quicker and easier to find your favourite friends. The list of these friends will appear automatically when the browser windows is wide enough. Earlier reports suggest that Facebook is going to rollout a streaming media platform and corresponding buttons to boost sharing – “Read. Watch. Listen”. The newly redesigned homepage...

In wake of SOPA and PIPA protest, we have seen a lot of ups and downs from the last many days, protest comments all around.  On January 18 – the day we termed it as “Internet Blackout Day”, through the different websites mediums, we have come across the real shape of the protest we are into in it. According to different websites medium, the petition numbers...

Google, the world’s search engine giant, asked its user to sign a petition protesting against the two anti-piracy laws – SOPA and PIPA circulating in Congress. On the terms of signing the petition, the company produced 4.5 million signatures on their anti-SOPA petition, Google spokeswoman confirmed. The petition which was available via a link from Google’s homepage,...

January 18, as we have seen as the internet’s big protest day against SOPA and PIPA, hundreds of websites blackout for a day; including the big names like Google, Wikipedia, BoingBoing and many more. There was even plenty of discussion about the issue on Twitter, especially the company tweeted that there were more than 2.4 million SOPA-related tweets between midnight and 4pm Eastern time. The top terms were SOPA, Stop SOPA and PIPA. Tell congress, and the hashtag #factswithoutwikipedia. Wikipedia join the protest with other major websites,...