Singapore Exchange to Buy ASX for $8.3 Billion

Singapore Exchange agreed to buy Australian exchange ASX for A$8.4 billion ($8.3 billion).

The Singapore Exchange offer is worth A$48 per share of ASX, a 37% premium over the company’s closing price on Oct. 22, Bloomberg News reported. The two exchanges will be separate legal entities and subject to local regulation.

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Singapore Exchange to Buy ASX for $8.3 Billion originally appeared on DailyFinance on Mon, 25 Oct 2010 08:15:00.

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Sony Cuts PSPgo Prices Ahead of Holiday Season

Sony Corp. (SNE) will slash the price of its PSPgo portable game player ahead of the holiday period.

The company will cut the price of the PSPgo to $199 from $249 in the United States and to 16,800 yen ($207) from 26,800 yen in Japan, Reuters said.

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Sony is cutting prices after rival Nintendo Co (NTDOY) announced that its 3D-capable DS portable game player would not be available…

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Sony Cuts PSPgo Prices Ahead of Holiday Season originally appeared on DailyFinance on Mon, 25 Oct 2010 07:36:00.

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Gemalto Sues Google Over Android OS

Gemalto NV, a Dutch maker of security software, sued Google (GOOG), saying that the Android smartphone operating system used its software without permission.

The complaint accuses Google of improperly including Gemalto’s Java Card technology in the Android development platform, Bloomberg News said.

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Gemalto Sues Google Over Android OS originally appeared on DailyFinance on Mon, 25 Oct 2010 06:32:00.

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Apple’s Share Run-Up May Have Run Out of Gas

Apple Inc shares are off from their all-time high of $319 after a rally that lifted them from $250 at the beginning of September. With no new sources of growth in the pipeline, and increasing competition from Google, Apple’s st…

Church: A Place to Recharge Your … Car?

Fueling up your car at a church seems like a novel idea. But the emergence of an electric car market has resulted in a charging station at the Wooden Cross Lutheran church some 25 miles northeast of Seattle.
C…