COMPANIES

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.

A new parliamentary motion has urged Ofcom to extend its next generation mobile broadband to cover 98 percent of the country.

Technology website Engadget today reported that Google is set to buy the bankrupt mobile maker Modu's patent portfolio.

With E3 and the promised reveal of Nintendo's new console drawing ever closer, retail prices of the Wii have hit an all time low, dropping below £100 for the first time in the console's history.

In a press release today Warner Bros. Interactive Entertainment confirmed that a new Lego Harry Potter game will be hitting stores later this year.

Shares in British banks were broadly up on the FTSE 100 in morning trading as weak U.S. economic data took investor eyes of the ongoing eurozone debt crisis.

In the wake of Spotify's decision to limit the amount of music non-paying account holders can stream, Napster has announced its own unlimited music streaming service.

Shares in BP were up on the FTSE 100 in morning trading after the energy giant said it had reached settlement agreements with companies connected with last year's oil spill in the Gulf of Mexico.

HMV, the embattled high street music retailer, has said that it will be selling Waterstone's bookstore chain to A&NN Capital for £53 million.

The gaming blog Gamasutra has distributed a memo sent by Sony to its publishing partners, confirming the company's intention to have the PSN's PlayStation Store back online next week on 24 May.

A recent report from CNET has indicated that Apple may have secured a licencing agreement with EMI for its forthcoming cloud-based music streaming service and that it may well be on the verge of signing similar deals with Sony and and Universal.

Newly sworn in Scottish first minister Alex Salmond has expressed his desire for Scotland's energy be 100 percent renewable by the year 2020.

Google has responded to the the potential security risks highlighted by researchers at the University of Ulm, claiming to have created an emergency fix that will solve the problem without the need for a full software update.

The third entry into Epic's now legendary Gears of War franchise has today earned a place in the Xbox 360's record books, becoming fastest pre-ordered game in the console's history.

Since Apple's image-sensor supplier OmniVision revealed a slimmer 5-megapixel unit small enough to fit into Apple's current iPad and iPod touch, rumors have developed that the forthcoming iPhone 5 will be capable of recording 1080p high-definition video.

Speaking at Google's Big Tent event in London, executive chairmen Eric Schmidt promised consumers that the company was dedicated to simplifying the Android app instillation permissions screen.

The Carphone Warehouse has launched its latest offensive in the ongoing price-slashing war of the phone sellers, offering budget smartphone maker INQ's latest phone the Cloud Touch for just £12 per month.