COMPANIES

In a recent interview with Reuters, HTC Chief Executive Peter Chou confirmed the company will be releasing new smartphones using the forthcoming Windows Mango operating system.

U.K. telecoms giant BT is set to cut the cost of calling mobiles from its landline telephones by up to 24 per cent.

Currently struggling to claim even a five per cent share of the Smartphone market, many analysts have come to question whether the newly revealed Windows 7.5 "Mango" update will be enough to reverse the ailing OS's fortune.

Internet retailer Amazon suffered major technical hitches as Lady Gaga fans besieged the site eager to take advantage of its one-day offer on the artist's new album.

Shares in British banks were broadly up on the FTSE 100 in morning trading as investors rallied after continuing threats from ratings agencies.

BT Wholesale and Everything Everywhere today announced a new collaboration between the two companies to begin the first stages of next generation 4G high speed broadand trials in the U.K.

The struggling sportswear retailer JJB Sports today said that its pre-tax losses for the year ended 30 January had more than doubled and that its restructuring plan to get it back on track could take up to five years to implement.

In a post on the PlayStation blog, Sony representatives officially confirmed that the PlayStation Store will not be up and running until the end of the month.

It has recently been speculated that cancelling the £3 billion worth of contracts the NHS currently has active with the Computer Sciences Corporation, could cost more that simply letting the contracts run their course, leading to accusations that the U.K tax payer is being held hostage.

In a statement today, Microsoft revealed the next version of its Windows Phone operating system.

With more and more airlines arguing that even with Iceland's latest ash cloud descending over Europe it is still safe to fly, a flight operations manual released by Airbus has revealed just how damaging a meeting with volcanic ash can be on a modern plane.

Just after Sony forecast its PSN related $171 estimated loss for the year, veteran game developer Capcom expressed its faith in Sony to recover.

Sir Tim Berners-Lee, the inventor of the web, has today attacked the social networking site Twitter, questioning its policy to allow extreme views to be freely expressed regardless of their legal status in super injunctions or possible nature as hate speech.

A recent report from the BBC has confirmed that a website designed to sell tickets for the 2012 Olympic Games to oversees fans, crashed yesterday as a British buyers attempted to bypass the ticket lottery and buy directly from the site.

Shares in British banks were mixed on the FTSE 100 in morning trading as ratings agencies threatened a downgrade while simultaneously hammering the eurozone.

As the latest ash cloud currently threatening European travel descends over Scotland, despite investment in new ash cloud detection and monitoring AVOID technology, budget airline easyJet is once again among the first set of airlines to cancel its flights.

Nearing the end of its two-month long PSN hacking disaster, despite estimating an up to $171 million loss, Sony has managed to record a two per cent rise in share value.

Shares in Marks & Spencer were down on the FTSE 100 in morning trading after the supermarket chain reported a rise in revenue and pre-tax profit in the full year ended 2 April.

New research has found a way to transfer data at 26 terabits per second -- a new world record in transfer speed.

Following the previous report about easyJet's new AVOID system -- a newly developed ash cloud detection and mapping radar -- the IBTimes attempted to contact the company to see whether the new technology would be used to help manage the forthcoming ash cloud's impact on the global travel industry.

According to an unconfirmed report from the DigiTimes, Apple's highly anticipated smartphone the iPhone 5 will launch with a curved display similar to that of its earlier product the iPod Nano.

Launching to widespread interest and a nearly universal positive critical response, Rockstar's crime-thriller L.A. Noire has rocketed straight to the top of the UK games chart, becoming the fastest-selling new video game IP ever in the UK.

Google's Vice-President of Display Advertising Neil Mohan has announced his belief that display advertising is on the increase, leading to speculation that the company will be expanding its presence in the field.

Shares in British banks were down on the FTSE 100 in morning trading as ratings agencies downgraded the credit rating of Greece yet again and expressed concerns about Italy, adding to the ongoing concerns about sovereign debt in the eurozone.

Intel has offered consumers a new five-year extended warranty on its SSD 320 solid-state series of storage devices.

Shares in British Land were down on the FTSE 100 in morning trading after the property developer reported a slight rise in pre-tax profit in the full year ended 31 March.

With memory of the widespread disruption last years ash cloud debacle caused British travellers still fresh and another similar cloud reported as on its way, budget airline easyJet's decision to invest in new ash cloud detection technology may well be proven right in the coming days.

On Friday 20 May 2011, Tata Steel announced the loss of 1,200 jobs at its Scunthorpe, Lincolnshire Bloom and Billet Mill and associated steel caster locations. This would also entail the mothballing of the Queen Bess blast furnace - Scunthorpe's blast furnaces are given names, not numbers - and Tata Steel will further consider what's best for the future of the Billet Caster. Nearly 400 jobs are to go at the company's Teeside sites and the total number of job cuts will represent a loss ...

A recent report from research group Gartner has revealed that in the opening three months of 2011, sales of smartphones running Google's Android operating system have overtake those of Apple's iPhone.