Desperate Microsoft To Invest $240 Million in Facebook

By on    IT Industry, Startups  

Struggling with its Internet misadventures in the face of the relentless Google onslaught, a desperate Microsoft is investing $240 million in social networking web site Facebook Inc. Google, which was also keen on a deal with Facebook, has a social networking web site Orkut that’s popular in India and Brazil but has yet to catch on in the […]

GM Struggling in U.S., Succeeding in India

By on    Auto  

Auto giant General Motors is struggling to sell its cars in the U.S. but is making steady headway in India. In the U.S., GM is shutting down more plants, cutting production, firing more employees, slashing wages for new workers and seeing lower car sales. In the third quarter, GM car sales fell 6.1% in North America. […]