- Small savings investment hits a new high to fund power projects
- Parliamentary panel summons top bosses of Facebook, WhatsApp, Instagram
- Reliance Capital invites Nippon Life to buy 43% stake in its MF business
- PTC Financial Services partners UKCI, DFID for India's first green fund
- RBI takes close look at 'standstill agreements', plans to tighten norms
- India's corn exports becoming unviable and uncompetitive on price
- President clears a uniform stamp duty system for securities transactions
June 07: Airline industry woes
June 07: Airline industry woes
A man walks near a Thomson Reuters logo at the Thomson Reuters building in Canary Wharf in east London
News and information provider Thomson Reuters Corp said it plans to sell a unit that supplies healthcare data and analysis to companies, government agencies and health professionals.
The sale of the business, which had revenue of about $450 million in 2010, is not expected to have a material impact on the company's previously announced 2011 outlook, Thomson Reuters said in a statement on Monday.
"We believe we will achieve better all-in returns for our shareholders by divesting the Healthcare business and re-deploying the proceeds in our core franchises," Chief Executive Thomas Glocer said.
Thomson Reuters provides news and information to financial, legal, accounting and healthcare professionals.
The main gate of entertainment giant Walt Disney Co. is pictured in Burbank, California
Walt Disney Co will cut about 200 positions at its movie studio unit, according to a person familiar with the matter, as it reduces its focus on home entertainment distribution of DVDs.
The cuts, which make up just under 5% of its workforce, are expected to be announced internally next week, according to the person, who could not be named because the decision has not been made public.
The film studio has been realigning its distribution over the last 18 months and is increasing its input of movies from Marvel and Steven Spielberg's DreamWorks Studios.
DVD sales have been falling in the United States in the last year as more consumers use on-demand cable TV services and other digital outlets to watch movies at home.
Limited edition mobile phones are on display at the Nokia flagship store in Helsinki
From New Delhi to Shanghai to Johannesburg, a flood of cheap handsets from the likes of ZTE and Micromax is destroying Nokia's top position in emerging markets.
Compounding the woes for the Finnish phone maker, Asian handset manufacturers are increasingly turning to Google's free Android software, which is popular with operators and consumers in cut-rate markets.
Nokia is already under pressure in the high-margin smartphone sector as Apple, Blackberry maker Research In Motion and Google seize market share, leaving the basic cellphone business as Nokia's most valuable part. That is now under threat.
"Three years ago Nokia's position in emerging markets looked impenetrable, but low-cost chipsets and growing scale has helped a number of Asian manufacturers to price aggressively and seize market share," said CCS Insight analyst Geoff Blaber in London.
Kazuo Hirai, President and Group CEO of Sony Computer Entertainment, presents the new PlayStation Vita handheld games device during a media briefing before the opening day of the Electronic Entertainment Expo, or E3, at the Memorial Sports Arena in Los Angeles
Sony Corp unveiled the pricing of its new PlayStation Vita handheld games device at a flashy Los Angeles event and immediately ran into criticism the gadget was too expensive.
The show featured appearances by sports and rock stars and was a bid by the electronics giant to move on from the computer hacking attacks that forced it to shut down its videogames network for almost a month.
The new device is aimed at competing with the likes of Apple's iPod Touch and the plethora of smartphones and tablets on the market. After the device was first unveiled in January, the show on Monday revealed other details, including the name and basic price.
It will go on sale for $249, or $299 for a 3G mobile ve
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