Playboy Enterprises Inc (PLA) is seeking $180 million in bank loans to fund its takeover by founder Hugh M. Hefner, include a $20 million revolving line of credit and a $160 million term loan. Playboy’s agreement is with Icon Acquisition Holdings LP, a limited partnership controlled by Hefner. Playboy has...

Intel (INTC) and Nvidia Corp. (NVDA) have reportedly signed and renewed a six-year cross-licensing agreement for accessing each-others silicon related patents. In mid-February 2009, Intel dragged Nvidia to court over a four-year-old cross-licensing agreement. Intel allegedly told Nvidia to cease claiming rights for producing chips to work with Intel's next-generation...

Advanced Micro Devices (AMD), the world's No 2 maker of PC microprocessors behind Intel,  Shares declined 4.35 percent to $8.79 in post market trading on the news that the company's President and CEO Dirk Meyer had resigned and that Thomas Seifert has been named Interim CEO. A letter from the...

India's Mangalore Refinery and Petrochemicals Ltd (MRPL) issued on Wednesday a second tender this week to buy high-sulphur crude amid an ongoing oil payment dispute between India and Iran . The refiner, also India's largest buyer of Iranian crude, is seeking 650,000 barrels of sour crude for loading on Feb....

Public cloud services adoption will grow at over five times the rate of the IT industry. 2011 will be a big year for private cloud services adoption and deployment. The platform-as-a-service (PaaS) battle will determine 'the next Microsoft'. Battle for hybrid cloud management. But all of this will lead to...

When the millennium started in 2000 we were worried about Y2K, Clinton was US President, the World Trade Center stood tall and no one knew about Facebook! We're taking you back over 3,000 days into the past - back to 2000, reminding you of the biggest events that have shaped...

Flickr, the Web's foremost photo-sharing sites, founder Stewart Butterfield is back to video games with Glitch created by Tiny Speck, with more than 5,000 users. Glitch - a browser-based multiplayer game set to release in Spring 2011 - has upgraded its website with a new design, showcasing more of the...

The owners of the major broadcast networks Fox, CBS, ABC and NBC won a temporary restraining order against FilmOn.com Plc, a company that streams the signals of TV stations over the Web without permission of the networks. Naomi Reice Buchwald of the U.S. District Court for the Southern District of...

Jimmie Johnson is now firmly the greatest drivers in NASCAR history. Jimmie Johnson claimed his record fifth straight NASCAR Sprint Cup Championship after a second- place finish at Nascar’s season-ending race. "Yeah, unbelievable, you guys are the best," Johnson said to his pit crew over the team radio after he...