Diginews - Yahoo picks 30% stake in Indian co - Motorola CEO takes pay cut - Yahoo shuts Kickstart - Socnet for NY Hotel


Internet search firm Yahoo! has acquired around 30 per cent stake in Chennai-based tele-information service provider Info Network Management Company (INMAC), for an undisclosed amount. INMAC is known for its consumer brand, Call Ezee, a telephone directory search service available across 14 cites in India, including Mumbai, Delhi, Chennai, Bangalore, Hyderabad and Kolkata. Consumers can call the local Call Ezee number from their mobile or fixed line phones to get the contact details of any business establishment or for any kind of service.

StockTwits, a Web site that organizes stock- and finance-related conversations from Twitter, has raised $800,000 in Series A financing.

In an announcement Wednesday, Motorola (NYSE: MOT) said continuing global economic challenges are prompting it to freeze employee pension plans and also suspend matching contributions to 401(k) plan. Co-CEOs Greg Brown and Sanjay Jha are voluntarily taking a 25 percent cut in base salary. Brown is also declining his cash bonus for this year and Jha is reducing his cash bonus by the same amount.

Kickstart was launched by the company's Advanced Products Group in November last year and aimed to connect students and alumni at specific colleges and universities and also help them connect on a professional level. 

Guests of the Pod, which is in New York City, can now log onto the network, called PodCulture, in advance of their arrival and socialize with other hotel guests, planning shopping trips, nights on the town, casual dinners or even romantic encounters. The site is open only to incoming guests of the Pod, who are given usernames and passwords when they book their rooms.

No comments: