According to IDC analyst Claus Mortensen, game developers who have achieved the heights of popularity by developing for the Facebook platform but are now thinking of parting ways with the social networking site, may end up losing rather than gaining from such a move.

That Amazon is strategically aiming expanding the reach of its digital bookstore to on as many platforms as possible further became evident from the company’s Monday announcement that it will release a new Kindle app for Android smartphones this summer.

With the privacy policies of social networking site Facebook having received a backlash from not only the privacy advocates and users but also from some employees, the company’s CEO Mark Zuckerberg might consider downsizing the efforts pertaining to encouraging the users to share more information about themselves in public

In a Tuesday announcement, Microsoft said that it will release a major feature update for its Hotmail service later this summer. The Modernized Hotmail will bring for the nearly 360 million Hotmail users a host of new features like improved e-mail filtering; enhanced media viewing; and document-editing.

The Queensland government announced today that it has sold its timber business Forestry Plantations Queensland for more than $A600 million to Hancock Queensland Plantations of US. The Government said that it has got more sale price than expected. This was reported the first transaction of the five commercial businesses sales by the Queensland Government.

Elders Ltd, a rural services and vehicle interiors provider in Australia, announced today that its loss has narrowed in the first six months of the fiscal comparing to the previous corresponding period.