OverTheLimit

The chief technology officer (CTO) of Advanced Micro Devices, Phil Hester, has stepped down from his post.
AMD has been hit with quite a few blows as of late, as their senior VP and CTO Hester stepped down. This marks the third senior executive to leave AMD in the last 12 months.
This also comes during […]

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Advanced Micro Devices Inc. (AMD) has announced plans to cut 10% of its workforce by the end of the third-quarter 2008.
AMD stated that they do not know as of yet the lengths they will have to go to fully restructure the company and cut down on costs.
AMD employes around 16,420 people. A 10% cut […]

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Google has announced that they will be laying off 300 employees from their new acquisition, DoubleClick.
DoubleClick, an advertising company, is the most recent Google acquisition.
Google is getting ready to cut back on the employees at the company, as 300 people will be cut.
A Google spokesman has stated that there is no word yet on how […]

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The U.S. Department of Justice has ruled that it is ok for Sirius Satellite Radio to go ahead with the $4.6 billion purchase of rival XM Satellite Radio.
The Justice Department concluded that consumers have far too many alternatives for this to be considered anticompetitive in any way.
Sirius and XM were successful in arguing that they […]

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FCC Chairman Kevin Martin announced on Friday the big winners of the spectrum auction, Verizon Wireless and AT&T.
The auction garnered almost $20 billion, with over $16 billion coming from Verizon and AT&T alone.
AT&T spent a total of $6.6 billion, while Verizon Wireless spent $9.6 billion.
Other big names such as T-Mobile, Google, and Sprint did next […]

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Treasury Secretary Henry Paulson has come out and stated that a regulatory fix is needed to try and cure the credit crisis in the United States.
Paulson laid out proposals on Thursday to try and restore the fate in the mortgage business and try to fix things in the financial sector.
Paulson has put out many recommendations […]

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The European Commission has approved a $3.1 billion deal which will have Google make a huge acquisition in the form of DoubleClick.
DoubleClick is an online ad network, a company which Google has been trying to finalize a deal to buy since last November.
U.S. regulators approved the deal back in December, but Europe was yet to […]

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The designer clothing of real estate magnate Leona Helmsley will go on the auction block in the middle of May.
The clothing of Leona Helsmley will go up for auction on May 18th.
Helmsley is best known as the Queen of Mean, as she was the real estate billionaire who went to prison for tax evasion and […]

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Facebook has hired a new chief operating officer, none other than former Google executive Sheryl Sandberg.
Sheryl Sandberg is the latest defection to move from Google to Facebook.
Sandberg was Google’s vice president of global online sales and operations for the past six years.
She helped build Google into one of the most powerful companies in the world.
Facebook’s […]

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According to new data from the tracking firm NPD Group, Apple’s iTunes digital media store is now the number 2 music retailer in the U.S., just behind Wal-Mart.
The iTunes Store has managed to move ahead of both Best Buy and Target as the no. 2 music retailer. It now has over 50 million customers […]

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