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Best Buy have recorded losses of $1.7 billion over the last quarter, which is down from $651 million profit in the same period 2011. Over the full year they have announced $1.2 billion losses, compared to $1.3 billion profit the year before. They are cutting 400 job cuts from their …

Half of all American homes own at least one Apple product, according to research from CNBC. The CNBC ‘All America Economic Survey‘ shows that at least 55 million homes have a single Apple device, such as an iPod, iPad, Macintosh or iPhone. The research adds that at least one in …

One of the more interesting stories to emerge today focuses on Amazon CEO Jeff Bezos. He has been pumping his own money into rescuing the Apollo 11 Rocket engines from the Atlantic Ocean. The five F1 engines were discharged during the flight and they dropped into the Atlantic Ocean 40 …

Research In Motion, the creator of BlackBerry phones have announced that they are abandoning the consumer smartphone market to concentrate on business users. This return to their ‘roots' has been seen as a positive move for the company, as they will divert all resources to the area of their business …

Google Drive has been in the press a lot in the past few days thanks to a new set of rumours and leaks. A couple of days ago there was a rumour that Google's cloud storage solution would have 2 GB of storage, with incentives offering more storage, just like …

Google strives “to make technology so simple and intuitive that you stop thinking about it,”  but still wants to offer us the chance to take a step back from it all. As a result Google has just launched Account Activity which is essentially a personal analytics tool for your entire …

It looks like this summer will be a hot one, and not just the weather. The new Google 7” tablet looks set to be released this year and with it will come one of the hottest price wars we’ve seen to a long while. Google have decided to go in …

Are you looking to get new car insurance? Battling to find the cheapest, most competitve deal? They fear not, because MoneySupermarket have developed an application which will work on the iPhone, Android and iPad. They claim that people who use and buy insurance from MoneySuperMarket will save an average of …

Amazon have experienced a high level of success with the Kindle Fire in America, achieving strong sales in the budget sector of the tablet market. The latest news indicates that they are preparing to launch at least two more tablet computers later this year. Digitimes have said that the number …

Tim Cook, Apple CEO has decided to visit China this week, on a relationship building exercise, visiting many dignitaries and partner factories. One of the high profile press events occurred at a troubled Foxconn factory in China. China is a huge market for all the major technology players, and they …

News has reached us that Epic Games have agreed to licence the Unreal computer games engine to several US government agencies including the FBI The Unreal engine is used in such titles as Batman: Arkham City and Mass Effect 3. The full extent of the financial deal has not been …

Without doubt, the launch of the GTX680 has been exactly what nVidia fan bois would have wanted. It might swap the lead with high end Radeons in multi-card configurations, but as a single card, it's quick. Very quick. KitGuru listens to channel rumours about meat dangling and other temptations. Consumers …

To celebrate moving into their new company headquarters, Facebook CEO Mark Zuckerberg decided to hold a hackathon. As a result some employees took to the roof and painted a massive 42 foot wide QR code. After a night of hard work (and hoping they had got the dimensions right) they …

Adobe have released Flash Player 11.2 today and they have a new plan to make the company some extra money. They want to charge developers for using ‘premium features'. According to a report on CNET, the plan by Adobe will call upon the developers to share 9 percent of their …

Sharp have announced an alliance with Foxconn today. Four Foxconn subsidiaries will obtain 9.88% stake in the company and become the largest shareholder of Sharp. Foxconn also get shares in Sharp Display Products, which was a joint venture between Sharp and Sony to produce large size panels and modules. Sharp …

Following its first swallow-up in June of last year when it acquired Kombo Animation Studio, Angry Birds creator Rovio has just aimed its slingshot and hit dead on at an even bigger target – none other than Futuremark's “Games Studio” division. A formal announcement has been given on Rovio's website …

After many months of Ivy Bridge talk and still another month or so to go before its supposed launch date, it's been discovered that there doesn't appear to be any Core i3 models coming out for notebooks; rather, Ivy Bridge mobile parts will be confined to Intel's Core i7, Core …

Things are looking horrific for the UK PC market in Q2. Even if the Intel 3rd Generation launch goes really well, it might not be enough to save some companies. KitGuru taps its sources and delivers the bad news. The PC market is seasonal anyway. Christmas etc all bring a …

Sometimes a CEO will open his mouth and make a controversial statement. Sometimes these statements get marked down in the annals of history, remembered decades later. Sometimes these statements can come back and bite the CEO on the ass. Michael Dell knows that feeling very well. In October 1997, Dell …

Apple CEO Tim Cook has traveled to China to talk with government officials as he tries to clear up a raft of problems in this heavy growth market. Cook has never been to China, since taking over from the late Steve Jobs last year. He is keeping to a guarded …

BMW are recalling around 1.3 million cars worldwide as a result of battery malfunctions which they say in extreme cases could cause fire. The company issued a statement which said that the battery cable cover inside the trunk may be mounted incorrectly. The problem may cause malfunctions including the ability …

One of the most, if not most, annoying things about travelling by air is the fact you must switch off any personal electronic devices before takeoff until you reach cruising altitude. Nick Bilton of the New York Times recently got in contact with the Federal Aviation Administration (FAA) and learnt that they …

Game have offically shut down now, and have pulled the plug on their website, showing a ‘is down for maintenance' message. They say on the page “MJA Jervis and SD Maddison have been appointed as Joint Administrators of The GAME Group plc, Game Stores Group Limited, Gameplay (GB) Limited, Game …

Imagine a display that offers much of the readability in sunlight and battery life of today's E Ink displays yet also offers refresh rates and colours equivalent to LCDs currently available, thanks to Samsung and Liquavista that dream will soon become much more than a dream. Following Samsung's acquisition of Liquavista last …

Windows 8 hasn't been getting the warm reception from the enthusiast desktop PC audience that Microsoft would have hoped. Many people who have tried the consumer preview are very unhappy with the new interface and can see very few benefits to ‘upgrading' from Windows 7. One of the main sticking …

Reports indicate that Microsoft, with an escort of U.S. Marshals seized control of command and control servers on Friday in two states in America. This is an ongoing campaign by Microsoft to take down botnets involving 13 million computers infected with the Zeus Malware. Microsoft announced last night that “some …

It can't be fun trying to compete with a company like Intel. If you look at the $50Bn worth of engineering, marketing and sales muscle the sponsors of tomorrow has at its disposal, then look over at AMD's $6.5Bn revenues, you you get an idea of the scale of the …

Research In Motion have been knocked off the top spot in hometown Canada for the first time, to be replaced by Apple's, with their iPhone. The maker of Blackberry smartphones shipped 2.08 million Blackberry phones last year in Canada compared to Apple's 2.85 million, according to data complied by Bloomberg …

Facebook have bought 750 patents from IBM to help the company battle against potential patent infringement allegations. The information came from an unnamed source close to the situation who spoke to Bloomberg. The patent purchasing is said to cover various areas such as networking and software. This acquisition will increase …

WikiLeaks' founder and leader, Julian Assange, is reportedly planning to run for a seat in the Australian Senate next year. However Assange is currently being held in England on bail ahead of a possible extradition to Sweden over allegations that he sexually assaulted two women. “We have discovered that it …