STR Holdings (NYSE:STRI) has announced plans to further streamline its U.S. operations and improve its cost structure by shutting down its manufacturing facility in St. Augustine, Florida. STR plans to consolidate operations from three smaller production facilities into its larger operation in East Windsor, Connecticut.
Hot Feature: Preview: Apple’s “Let’s Talk iPhone” Event
AOL (NYSE:AOL) is launching 15 new web video series headlined by well-known stars like Heidi Klum and Jennifer Lopez, with live shows starting today. AOL says its video strategy will provide a platform to “connect advertisers with premium content.”
Research in Motion (NASDAQ:RIMM) is trading higher on rumors that the company has hired an investment banker to consider strategic options, which could include a sale.
Western Digital (NYSE:WDC) has offered concessions to the EU in hopes of obtaining approval for its $4.3 billion acquisition of Hitachi’s hard drive business. With Seagate’s (NASDAQ:STX) proposed acquisition of Samsung’s hard drive unit, the EU is worried that market power would be consolidated in the hands of just two industry giants.
T-Mobile is now offering a $30/month plan featuring unlimited text and data, along with 100 voice minutes.
Red Hat (THT) will acquire Gluster, a developer of a software-based platform for building high-performance storage systems using commodity hardware, for $136 million.
Apple (NASDAQ:AAPL) has rejected Samsung’s offer to settle their tablet computer dispute in Australia, asking the court to proceed in ruling on its claim that the touch-screen technology on Samsung’s new Galaxy 10.1 tablet infringed upon an Apple patent.
IBM (NYSE:IBM) has acquired privately held Q1 Labs for an undisclosed sum as part of IBM’s move to short up the company’s enterprise analytics package for its security intelligence software.
Rumor has it Alibaba might joint forces with private equity firm Silver Lake and Russia’s Digital Sky Technologies to make a bid for Yahoo (NASDAQ:YHOO).
Google (NASDAQ:GOOG) is reportedly in talks with media outlets like Time Warner (NYSE:TWX) and News Corp. (NASDAQ:NWSA) to produced YouTube-only content, helping the site become “a next-generation cable provider that oversees dozens of free online channels with professional-grade shows.” Google will spend over $100 million in advances to secure the exclusive shows.