Business News
« Previous EntriesEMI and Play.com challenge iTunes dominance
Thursday, October 9th, 2008The UK digital download market became a little more congested as EMI and Play.com touted their brand new services for online music lovers.
EMI confirmed that its brand new music service would become available via its current website and is expected to incorporate social media features. However, it is not known whether the new service [...]
eBay cuts workforce by 10%, spends over $1 billion on acquisitions
Tuesday, October 7th, 2008Giant online auction house, Ebay, has announced that it is to lay off around 10% of its staff. This is set to cost the company around $80 million dollars as it restructures its operations. It has been estimated that the website’s traffic count has declined by about 11% over the previous two years. However, [...]
Cash investment awaits brave entrepreneurs
Friday, September 26th, 2008Trying to obtain investment for your business is never easy, but the current credit crunch should not deter entrepreneurs from seeking capital. Equity providers and banks are unified in the belief that there is finance available for those startups and established businesses who are equipped with an eye for a good opportunity and a sound [...]
MySpace promotes child safety initiative
Thursday, September 25th, 2008Giant social networking website MySpace is utilising technology that is able to carry out in-depth analysis of whether potential site registrants may already be registered as sex offenders. The website adopted the technology in order to cement its commitment to protecting children who use the internet.
The site has shown itself to be proactive in this [...]
MySpace launches a new music service
Thursday, September 25th, 2008The music industry is set to make room for yet another heavyweight competitor in the digital downloading sector. Social networking phenomenon MySpace has launched its new online music service which is called MySpace Music. The new facility allows millions of users to search for their favourite artists and song titles, which can then be [...]
Yahoo network is relaunched
Wednesday, September 24th, 2008Internet portal Yahoo has revealed that it will relaunch its Yahoo Network. The search engine has forged partnerships with several established companies and now says that the new network will enable its advertisers to promote their goods and/or services to 80% of its British users. Yahoo claims that its network receives nearly 30 million unique [...]
Using social networking sites for your business
Wednesday, September 24th, 2008Anyone who wishes to start their own business or improve their company’s prospects should not ignore the power of the social networking website. The massive popularity of this type of site means that ,with some clever positioning, business owners could have access to hundreds of millions of customers and the ability to build strategic [...]
Social Network websites more popular than porn
Monday, September 22nd, 2008A study on web user behaviour has revealed that the popularity of online porn is in decline in comparison to the rise of the social networking website. Online research firm Hitwise carried out extensive research into the internet search habits of around 10 million people. This latest data shows that society is not as interested [...]
E.ON cuts 400 jobs
Thursday, September 18th, 2008Energy provider E.ON signalled that it had not escaped the effects of the credit crunch when the firm announced that it is being forced to cut 400 jobs due to tightening budgets. The company said that the job losses would take place in its energy services department. It is expected that the jobs will be [...]
Facebook founder amasses $1.5 billion fortune
Thursday, September 18th, 2008Internet whizzkid Mark Zuckerberg (24) has entered the Forbes Magazine’s list of the 400 richest Americans. Zuckerberg, who is the founder and CEO of social networking site, Facebook is ranked at number 321. His current net worth is valued at $1.5 billion ( £838 million ) and he is the youngest person to make [...]
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