Bookstores and publishers may be hurting, but this does not mean that the book itself is in trouble -- at least not immediately.
More than three billion books are sold annually in America alone. In comparison, Amazon, the world's biggest online retailer, will only sell an estimated three million of its Kindle this year.
Toshiba is talking to TerraPower, a company backed by Microsoft chairman Bill Gates, about joint development of a nuclear reactor with the potential to run for 100 years without refuelling.
Daimler and Renault are discussing acquiring mutual equity stakes as part of their talks on co-operation, two people briefed on the matter have told the Financial Times.
If the talks are successful, the German and French carmakers, which in December said they were discussing working together on small cars, would take stakes in each other as part of “a longer-term framework for co-operation”, one of the people said on Monday.
Apple awarded Chief Operating Officer Timothy Cook a cash-and-stock bonus worth about $22 million for filling in while Steve Jobs, the consumer electronics giant's chief executive, was on medical leave.
The bonus, disclosed in a regulatory filing Friday, gives Mr. Cook $5 million in cash and 75,000 restricted stock units, half of which will vest on March 10, 2011, and the other half on March 10, 2012. At Friday's closing price, those shares would be worth a little more than $17 million.
Pink Floyd, the band that recorded the best-selling album ‘The Dark Side of the Moon,’ is suing record label EMI Group Ltd. in London over online royalty payments and the sale of single tracks.
The band is asking for clarification to their more than 10- year-old recording contract with EMI, Pink Floyd’s lawyer, Robert Howe, said at a hearing in a London court today. When their contract was negotiated in 1998 and 1999, “both parties were faced with a whole new world of potential exploitation,” Howe said.
