Two research organizations have ranked Lenovo Group Ltd. as second best computer developer in the world.

Whirlpool Corporation has received a boost in their net income from the first quarter of the year. It is the largest applicant manufacturing firms in the world. This has been a result of the reduction in costs in order to be able to help in managing the increasing costs for the material for production.

According to reports, after Nokia finalizes its tie-in with Microsoft on Thursday, it will lay off 4,000 people around the world by the end of 2012; countries like Denmark, Finland and UK are going to be affected, according to Nokia.

The world’s largest producers of mobile phones, Nokia OVI, had the ratings of its outstanding liabilities cut by the investors’ services from Moody's. This has encouraged the weak position in the market of the Finland based company and lowering margins for profit.

It has been reported that the Nissan Leaf and the Chevy Volt are about to take the center stage in Austin. This will take place in this week in Austin and several experts in the industry will praise and pick – at the latest electric cars which will be on display. The Consumer Reports are known to have put the Chevy Volt and the Nissan Leaf under the test.

Two U. S. retail majors and one supersized marketplace have not seen business success in China. Electronics retailer Best Buy (BBY) started closing its branded stores across the country Tuesday, just one month after Home Depot (HD), the home-improvement chain shut down its last Beijing outlet.

LG Electronics recently unveiled its much-hyped LG Optimus Pad – a tablet computer that boasts diverse multimedia and productivity features; and is expected to give neck-and-neck competition to the equally-raved-about Motorola Xoom this year.

The biggest electronic commerce site, of China called Alibaba. com Ltd. declined the most in more than a year in Hong Kong trading after the firm found more than two thousand three hundred vendors had set up bogus storefronts for defrauding global buyers.

According to a recent Wall Street Journal report, the US Department of Justice and Federal Trade Commission are looking into concerns which app makers have expressed about Apple’s decision to take a 30 percent cut on revenue from all online subscriptions.

According to reports, while all leading networks in the UK will apparently carry the much-hyped and highly-awaited Sony PlayStation phone, the Sony Ericsson Xperia Play, an exclusive white version of the handset will only be available on O2.