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IBM
closes sale of hard-disk drives to Hitachi
New York: International Business Machines Corp.
said on Tuesday it had closed a deal to sell its hard-disk
drive assets to Hitachi Ltd. for $2.05 billion, part of
an effort to cut non-performing assets.
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American
Airlines to lay off more than 400 workers in Jan
New York: American Airlines, looking to cut costs
aggressively, has notified state officials that it plans
to lay off 415 workers in mid-January.
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Vivendi
completes sale of publishing arm
Paris: French-American media giant Vivendi Universal
said on Tuesday it had completed the sale of US publishing
company Houghton Mifflin for $1.66 billion, including
debt.
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World's
first high-speed 'Maglev' system opened in Shanghai
Beijing: China's gleaming financial and industrial
hub, Shanghai, on Tuesday became the world's first city
to have the high-speed commercial commuting system using
the state-of-the-art electromagnetic levitation technology
-- 'Maglev'.
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