Everyone is sending in a very shocked reaction to one of the newest developments in the business world, and for all the right reason! Wynn Resorts has announced, on Thursday, that it would be dropping its bid to rescue the struggling Philadelphia based waterfront casino project. The project has now been termed as "inappropriate" for the firm.

Nokia and Intel announced on Monday that they will merge their respective mobile Linux platforms, Maemo and Moblin, into a single platform call MeeGo, which will be hosted by Linux foundation. Nokia, the world's top cell phone maker said that it will merge its Linux Maemo software platform, used in its flagship N900 phone, with Intel's Moblin, also a version of Linux.

On December 18, Avaya officially closed its takeover of Nortel's enterprise business, and earlier this week, the company shared the "integrated product roadmap" that it would follow. Also, the firm said that going forward; both VARs from Avaya and Nortel would be effectively utilized.

In its most recent patent-infringement complaint filed with the US International Trade Commission, the Finnish mobile phone maker Nokia Corp has accused Apple Inc of infringing seven of Nokia's patents associated with user-interface, camera, antenna and power-management technologies.

In a Wednesday announcement on the company's blog, Twitter said that it has taken over Mixer Labs - the company behind the creation of the GeoAPI location service that enables developers to build geolocation-aware application atop Twitter.

According to reports, two years after the $775-million acquisition of Westwood-based game developer Pandemic Studios and its sister concern Bioware, Electronic Arts (EA) is shuttering Pandemic, thereby resulting in the elimination of 200 jobs. The firm's core team, comprising nearly 25 members, will join the video game publisher's other Los Angeles studio.

With a federal court scheduled to take up the AT&T-filed lawsuit against a Verizon commercial showing 3G coverage maps of the two carriers on Wednesday, Verizon Monday filed a rebuttal in a Georgia district court, in response to the AT&T claims.

Marking one of the most noteworthy additions that Microsoft has been continually adding to its May-launched Bing search engine, the company has recently announced its tie-up with the computational search engine Wolfram Alpha.

In a deal which has cost Electronic Arts $275 million in cash, the giant video games maker has acquired Playfish, creator of popular social networking games like "Who Has the Biggest Brain" and "Pet Society". With the acquisition, EA is now looking to break into the online gaming scene, as dwindling customer confidence has hurt off-the-shelves video games sales.

Internet search giant Google’s Thursday-unveiled new Web page, Google Dashboard, will enable users to easily gauge the extent of information stored about them by Google, thereby seeking to address some of the pertinent privacy concerns of the users.