O2 planning huge network upgrade next year

We have some good news for O2 customers now, as the company has revealed that they are planning a significant upgrade to their network next year - after pouring in over £500 million in investment during the last two years. Read more

iPhone App Tracks The Record Gold Price

We know that the iPhone App that tracks the record of gold prices is 7 months old, but with the current record gold price, more consumers are interested in this area of investment. For iPhone owners there is an easy way to track gold prices and that is with “Gold Price Grabber.” Read more

GM Hummer Update: Close to $150 Million deal

General Motors Co. (GM) looks set to seal the deal to offload Hummer today, Friday, October 09, 2009. GM hopes to be able to sell the outfit for $150 million to China’s Tengzhong Heavy Industrial Machinery Co. This is according to reports from those closely involved in the talks. Read more

Volkswagen and Porsche Merger: Reasons to Cancel Deal

The proposed Volkswagen (VW) and Porsche merger has been out of the headlines recently, but according to Norway’s sovereign wealth fund, they believe that the deal should be called off, as it is “unacceptable.” They state that the deal cannot guarantee that shareholders will be treated equitably. Read more

20,000,000 New Palm Shares to Earn $313.1 Million

According to a recent article on IntoMobile it seems that Palm are now offering shares to help raise funds to pump into new products and their webOS, the money raised should help Palm compete with Apple. Read more

Vodafone and T-Mobile: UK Consolidation

Vodafone have been asking for consolidation with other UK networks, this has lead to rumors that the UK mobile phone network is looking to make a bid for T-Mobile UK. Vittorio Colao, Vodafone’s CEO said that the fewer mobile phone networks there are in the UK, the cheaper costs will be for customers. Read more

Jaguar Cuts 300 Jobs and Kills X-Type

Tata Motors has made the decision to cut 300 jobs at Jaguar as well as killing off the X-Type. This is the latest in a line of layoffs for the automaker. These layoffs for Jaguar Land Rover will affect its Halewood factory, the news of the job cuts and the killing of the baby Jag will come as a huge shock to the industry. Read more

Intel Sales Are Up: Is this a PC market comeback?

According to Intel quarterly sales are up again for the second consecutive quarter, this is a strong indication that the PC market is beginning to grow stronger, however Dell and a few others disagree, Intel have seen a 12 percent boost in sales when compared to the first quarter this year. Read more

Nintendo Wii MotionPlus and Game Impressions

Engadget have recently received the Nintendo Wii MotionPlus and a couple of new games to try it out on, the idea of the Wii MotionPlus is to increase the sensitivity of the Wii’s current controller. The Wii MotionPlus is on sale for $19.99. Read more

General Motors sale of Saab: GM’s two potential bidders

General Motors have to streamline its business, which has been made all the more important after the company filed for chapter 11-bankruptcy protection on Monday. As we know GM have been trying to offload Saab, at one time there were thought to be more than twenty bidders, this has now been narrowed down to just two. Read more

Appeal to block sale of Chrysler’s assets

For those of us who thought that the sale of Chrysler’s assets would go smoothly, then think again. It seems as though a federal court has agreed to hear an appeal to block the sale of the struggling automakers assets. This move could certainly slow down Chrysler’s exit from bankruptcy proceedings. Read more

General Motors Corp bankruptcy and additional $30 billion

General Motors Corp. (NYSE:GM) could file for bankruptcy as early as next week, and it is thought that the struggling automaker could get up to $30 billion in additional federal bailout funds, which comes straight out of our pockets. Read more

Fiat’s bid for GM’s Vauxhall (UK) and Opel

We all thought that the deal with Fiat (BIT:F) and GM (NYSE:GM) was not going to go through, for its bid on Opel and its UK brand Vauxhall, but Fiat have since improved their offer. The new offer is now starting to look more attractive for owners, General Motors. Read more

GTA: Chinatown Wars - What went wrong?

It has been revealed that Grand Theft Auto: Chinatown Wars on the Nintendo DSi only managed to sell 89,000 units during March in the US. The figures released have been a huge blow to Rockstar and Take-Two who had much higher estimates for the game. Read more

OLED iPhone / Netbook: LG and Apple to partner

It has been reported that Apple (AAPL) is all set to launch a new OLED notebook and monitors, as well as a new OLED iPhone with LG (066570). It is also thought that the new rumored iPhone and iPod Touch due out later this year will have an OLED screen made by LG. Read more

BT’s response to broadband price increase

We reported this morning about a report that was commissioned by the Carphone Warehouse, about BT increasing the price of wholesale broadband charges. BT (NYSE:BT) have decided to comment about this report, and put their side of the story to our readers.

BT’s response goes as follows:
This report, which Carphone Warehouse has commissioned, appears to be riddled with the most elementary mistakes.

Let’s look at some facts:
The UK has some of the lowest broadband prices and the highest broadband penetration of any European country.

While other Utility bills have soared, BT’s wholesale prices have been at the agreed level or lower for four years. And there were a series of price cuts of up to 60% introduced just last month. These cover some of the principal products bought by Carphone Warehouse and other service providers.

Any price changes introduced in the future will have to be approved by Ofcom. It will be up to service providers whether to pass these on to their customers or not.

BT is not making excessive profits.

BT is not exaggerating costs.

All these facts are regularly confirmed by independent regulator Ofcom.

Emma Gilthorpe BT’s Director of Industry Policy and Regulation said

“It is astonishing and ludicrous to suggest that people will be locked out of Britain’s Digital revolution by BT. The UK has the most competitive broadband market in the world, thanks in large part to the massive investment made in broadband infrastructure by BT.”

Leslie King
BT Newsroom

What do you think of this story?

Financial Burden of Palm Pre Launch

Palm Inc (NASDAQ:PALM) have a lot riding on the launch of their latest Smartphone, the Pre, but the phone is going to be very costly for the company. The problem that Palm has is their product line is getting old now and as yet; there is nothing else in the pipeline. Read more

BT News: Ruling on high-speed, fibre-optic broadband network

Ofcom has said that there will be no regulatory barriers” for BT (NYSE:BT) to develop a super-fast broadband infrastructure. BT will now be able to go ahead with their £1.5bn investment plan to their network, giving 20 million homes access to super-fast Internet. Read more

Square-Enix moves closer to Eidos buyout

We recently reported of Square-Enix’ attempt to buy out gaming publishers Eidos a few weeks ago. Today it has emerged that Square-Enix are getting closer to securing that deal as they have already bought a significant number of shares. Read more

Saab Bankrupt: News of bankruptcy filing

The Swedish car maker Saab has announced that it filed for Bankruptcy on Friday morning after it was axed by American company General Motors as part of it’s restructuring plan. Read more

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