Microsoft to Buy Skype for Eight Point Five Billion
The $8.5 billion deal would normalize Internet video calls and expand Microsoft offerings. The purchase aims to boost digital advertising and add conferencing tools across Windows Outlook and Xbox 360. About 170 million users currently rely on Skype while Microsoft seeks hundreds of millions more.
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GM to Hire or Recall 4000 US Jobs in 18 Months
General Motors plans to add or retain 4000 U.S. positions over 18 months with new hires and recalls. The Toledo plant will be key for an eight speed transmission project, part of a $2 billion Midwest investment, as GM rebuilds after a government bailout and prior shutdowns.
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Romania fixates on IMF envoy shoes during visit
In Bucharest the focus shifts from IMF loan figures to footwear as Jeffrey Franks wears shoes with a hole during a visit with President Traian Basescu. The image, later removed from the presidency site, sparks debate as Romanians weigh public spending and inflation while Franks downsplays personal attire.
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