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U.S. markets recover from steep losses
NEW YORK, May 6 (UPI) -- U.S. companies that jumped on the cell phone service bandwagon in recent years are struggling and many are going out of business, industry observers said.
Phone service resellers ESPN Mobile, Disney Mobile and Amp'd Mobile, which catered to youth, have all gone under, USA Today reported Tuesday.
Sonopia, a company that helped smaller groups package their own cell phone service is also going under and Virgin Mobile, the second largest reseller, reported first-quarter earnings declined 75 percent in 2008, compared with a year ago.
Resellers are falling prey to common ailments, including the lack of a distinctive feature and trying to get by on low volumes, the report said.
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CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
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NEW DELHI, May 24 (UPI) --
India's state-run National Aerospace Laboratory will work with Kadet Defense Systems to develop NAL's Hansa trainer aircraft into an unmanned airial vehicle.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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