Sun Microsystems is losing about $100 million a month according to Larry Ellison, CEO of Oracle, the company that's set to acquire Sun. Oracle is waiting to get clearance from European regulators before the deal can go through and Oracle can step in and try to put an end to this loss.
In February, Twitter turned more than a few heads by raising $35 million at a $250 million valuation. Now, people should be careful that they don't break their figurative necks, since the company's reportedly upped the ante by raising around $50 million at a $1 billion valuation.
Omniture, one of the biggest names in web analytics, is being acquired by Adobe, in a transaction valued at $1.8 billion. Adobe will commence a tender offer to acquire all Ominture outstanding stock for $21.50 per share in cash.
Update: Ok, they've officially announced the testing of the prototypes directory now. From the company blog:
Yahoo should soon have about $150 million more to its name. By selling 57.48 million shares, the Sunnyvale-based company is liquidating its stake in Chinese business-to-business site Alibaba.com and collecting a tidy profit.
Americans who go online for economic information are also using the Internet to take their minds off of the recession, according to a new report by the Pew Internet & American Life Project.
Pew identified a group it calls "online economic users" which includes 69 percent of all American adults and 88 percent of all Internet users.
Mobile banking is increasingly becoming more mainstream, changing the way consumers mange their finances, according to a new report from Javelin Strategy & Research.
"Mobile banking is quickly moving from infancy to commonplace, which will help separate the winners from losers in banks' ability to attract and keep technology-loving consumers," said Mary Monahan, Research Director and Managing Partner.
The majority of online shoppers who use coupons are missing out on savings by using invalid or expired coupons, according to a new report commissioned by Coupon Craze and conducted by Harris Interactive.
The majority (94%) of online shoppers have had an expired or invalid coupon code but more than half (57%) have continued with their purchase despite not being able to use the coupon.
Google has introduced Google Domestic Trends on Google Finance. This is a feature that tracks search traffic (on Google) across specific sectors of the economy.
A report from Nielsen indicates that ad spending in the United States fell 15.4% in the first half of the year, compared to the first half of last year. Preliminary estimates show that US ad expenditures fell over $10.3 billion to a total of $56.9 billion.
"While some of the larger categories have cut back spending, we see others that continue to raise the ante on their media investments," said Annie Touliatos, VP for Nielsen’s advertising information services.
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