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WebMediaBrands Acquires Inside Network

WebMediaBrands Inc. (Nasdaq: WEBM) today announced that it has acquired all of the shares of Inside Network Inc. of Palo Alto, California.

BT share price down on FTSE 100 despite FY profit rise

Shares in BT were down on the FTSE 100 in morning trading after the telecoms company reported a rise in pre-tax profit despite a fall in revenue in the year ended 31 March.

Skype CEO Tony Bates at a conference

Skype's owners set to make $5 billion: source

Skype's owners, led by private equity firm Silver Lake, are set to earn more than three times their investment, for a total capital gain of more than $5 bi...

Is good news around the corner?

Burkina Faso: Onatel reports 77 pct fall in net results

Burkina Faso telecoms company Onatel has reported a 77.21 percent fall in net result for the first quarter of 2011, hit by lower tariffs charged to clients compared with the same period last year.

 YouTube

YouTube adds Hollywood movies for rental

YouTube is adding more than 3,000 mainstream movies for users to rent starting on Monday, along with the millions of free user-created videos the popular website is best known for.

IPO

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Formula One IPO in the Fast Lane

Formula One Gets Greenlight for $3 Billion Flotation

09:53 AM ET

Media sources say that motor racing giant Formula One has gained approval for an initial public offering worth nearly $3bn on Singapore's stock exchange.

Retail

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Burberry Wins Counterfeit War; Awarded £63 Million in Damages

Burberry Shares Drop as Investment Set to Hit Profits

09:15 AM ET

Burberry reported full-year profits of £366m - a 24 percent rise - but said a new investment of around £200m could hit future profitability.

Technology

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Steve Ballmer: New Windows 8 Was Designed to Dominate

Steve Ballmer: New Windows 8 Was Designed to Dominate

04:34 AM ET

Microsoft is all set to deploy a re-engineered Windows system on its new Windows 8, which replaces the highly successful Windows 7.

Financial

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Northern Rock

Northern Rock Rescue Could Cost UK Taxpayer £2 Billion, Says NAO

07:42 AM ET

Treasury committed itself before looking in detail at the possible consequences for the taxpayer, says NAO.

Inside UK.IBTimes.com