The CEO of LG Electronics – the mobile phone, TV and home appliance arm of LG – is reported to have resigned following poor smartphone sales.
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Charles Dunstone, chairman and co-founder of The Carphone Warehouse, has sold around 10% of his shares in the company. He sold 15 million shares on Friday, giving him just over £35 million. He still owns over 29% of Carphone Warehouse shares.
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Facebook Places, the location-sharing service that potentially threatens stand-alone services such as Foursquare, is now available in the UK. It launched in the USA last month.
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Microsoft's advertising business has launched two new products today: a Mobile Advertising software development kit (SDK) for Windows Phone 7 and Microsoft Advertising Exchange for Mobile, which it's describing as "the industry’s first real-time, bidded ad exchange in mobile".
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Motorola has acquired Aloqa, a company that develops location-based software. The myAloqa service uses a customer's location and contacts to tell them about places, events, bargains and other opportunities nearby. The company has recently passed one million downloads for its software application.
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