Panasonic in possible Sanyo buyout

Panasonic is intending to buy rival electronics firm Sanyo, if sources are to believed. The decision to consolidate the two Japanese firms will be welcomed by Sanyo, who was on the brink of collapse just two years ago.If the deal goes through, Panasonic would become...

HBOS deal to save Lloyds £1.5bn

Lloyds has said that its acquisition of HBOS would save it at least £1.5bn ($2.4bn) a year, raising fears of heavy job losses from the merger. Both banks have also unveiled further write-downs on assets ravaged by the credit crunch, with HBOS hardest hit. The banks also...

i35: Salvo win i35!

Birmingham Salvo have won Counter-Strike: Source here at i35, their third I-series in a row. After both Reason Gaming and Birmingham Salvo eliminated maps from the map pool they were left playing de_tuscan, followed by de_nuke if a third map was needed. Salvo would start on...

i35: Dignitas win!

Dignitas win the CoD4 i35 tournament. I recap on how the match went, as well as spending a few momoents with Wombat after the game. Dignitas have won the Call of Duty 4 i35 Tournament in extremely convincing fashion. They were told they had to play Vacant, a map that they...

Spart1e: I'm really hungry for revenge

Great weather, great history and great computer gaming – that’s what the ESWC Masters of Athens tournament had to offer for its competitors. Twenty-two year old Sebastian "Spart1e" Siira attended the event with the aim of simply beating Russia’s Cooller again. However,...

Adams named new Portsmouth boss

Tony Adams has been confirmed as the new manager of Portsmouth following the departure of Harry Redknapp. "I'm very honoured, it's a great opportunity," he said. "I would have been mad to turn it down." And the 42-year-old vowed to do everything in his power to keep...

World credit loss '£1.8 trillion'

The world's financial firms have now lost £1.8 trillion ($2.8 trillion) as a result of the continuing credit crisis, the Bank of England has estimated. It also warned that 1.2 million homeowners in the UK now faced going into negative equity if house prices continued recent...