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...losers in the race to offer thousands of useful smart-phone applications may be Motorola (MOT) and Samsung which still do not have major initiatives to bring in software developers and the customers that often come as a by-product when attractive products are available for handsets...

Author: /time Magazine | Title: Nokia's Application Store Faces Apple Dominance | 5/26/2009 | See Source »

...plays a major role in American military combat, guiding missiles and bombs to their destinations in Iraq, Afghanistan and elsewhere. President Reagan opened the fledgling navigational system to nonmilitary uses in 1983 after Soviet fighter jets shot down Korean Air flight 007, a passenger jet that had accidentally strayed into Soviet airspace, killing all 269 on board...

Author: /time Magazine | Title: GPS | 5/26/2009 | See Source »

...Chinese mineral firm Chinalco has bought into metals giant Rio Tinto (RTP) which raised concerns with the U.S. and Australian governments about whether they want a foreign nation to have such a large stake in a company which supplies commodities to major corporations all over the world. (See pictures of China's rebuilding efforts...

Author: /time Magazine | Title: As PetroChina Buys Into Singapore Pet, Issues About Strategic Interests Rise | 5/25/2009 | See Source »

...food companies like South Korea's LG and Finnish cell-phone giant Nokia, targeting Muslims is also big business. LG offers an application to help users find the direction of Mecca, while Nokia has free downloadable recitations from the Koran and maps showing the locations of major mosques in the Middle East. Such offerings increase brand loyalty, according to market research by the Finland-based Muslim lifestyle portal Muxlim.com. "There's a lot of room out there for mainstream brands to appeal to Muslims without making changes to their products," says Muxlim.com's CEO Mohamed El-Fatatry. "It's just...

Author: /time Magazine | Title: Halal: Buying Muslim | 5/25/2009 | See Source »

...policy, working families that live in public shelters will have to turn over a portion of their earnings, in some cases as much as 50%, to cover costs. About 2,000 of the 9,000 families living in homeless shelters will be affected as the city grapples with a major budget crunch...

Author: /time Magazine | Title: The World | 5/25/2009 | See Source »

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