Microsoft to sell stake in Corel at huge loss
Seatle: Microsoft said on Tuesday it is selling a 20 per cent holding in struggling Canadian software maker Corel for $12.9m. In a recent statement, venture capital investor Vector Capital said that it will buy 22.9m preferred shares in Corel from Microsoft for $12.9m. Microsoft had purchased 24m preferred shares in Corel in October ‘00 for $135m.
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Rebuilding Iraq to cost US taxpayers $20bn a year
Washington: The reconstruction of Iraq may cost US taxpayers $20bn a year for several years and President Bush should spell out costs to the public, top US foreign policy experts said on Wednesday.
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SEC to investigate AOL: report
New York: A federal probe of America Online and key executives will investigate whether the company was "aiding and abetting" schemes by other companies to artificially inflate reported revenue, The Washington Post reported on Wednesday.
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India second-most corrupt: foreign execs
Hong Kong: A survey of 1,072 expatriate executives working in Asia found Indonesia the most corrupt country, with a score of 9.33 out of a possible 10, although that was better than last year's score of 9.92. Corruption was seen to be getting worse in India - dubbed the second most corrupt after Indonesia.
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