United Kingdom

BP Ahead On Cost-Cut Target As Earnings Recover 14%

BP Ahead On Cost-Cut Target As Earnings Recover 14%

BP PLC, Europe's second-biggest oil company said on Tuesday that it had lifted its cost-cutting targets for 2009 to $3 billion, up by 50% from the earlier target.

Google Android handsets get turn-by-turn sat nav

Google Android handsets get turn-by-turn sat nav

Recently, the arrival of the first full turn-by-turn satellite navigation for the Android platform was confirmed by CoPilot.

The users will be able to get some extraordinary features, like voice-guided turn instructions and 3D mapping, in their Google-based handsets, via CoPilot Live, which is currently available for download from Android Market.

Furthermore, the users would also be able to keep track of their other Android friends, with icons specifying where their friends are at any given period of time.

Rights issue being considered by INM

Independent News & Media

With the aim to raise funds towards refinancing an imminent 200 million euro ($278.4 million) bond, an emergency rights issue might be launched by Independent News & Media.

This week, the scale of the issue would be discussed and is hoped to be less than 100 million Euro; however the discount to the current share price may be sheer.

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