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Keeping aside their differences, Lions Gate Entertainment and Carl Ichan, have decided to work together. Carl is the largest shareholder is the entertainment company and the two parties have joined hands to be able to look into certain opportunities starting July 9 and ending on July 19. As per the regulatory filing, Lions Gate has said that because of the agreement, Lions will refrain itself from issuing shares to the excess of 5 per cent of its share capital.

Diamond Offshore Drilling Inc, the drilling contractor company, is planning to move away its deep water Ocean Endeavor rig to Egypt. The company is taking this step since there is rising uncertainty about the drilling moratorium in the Gulf of Mexico that is controlled by US.

The Houstan-based company said that it does not want to be uncertain about these things and so it has shifted its base all together. Contract related to Mexico was terminated before tune and so early termination fees of $31 million was received by Diamond from Devon Energy Corp.

There is a trend shift increase in sale of Nintendo's portable gaming console, where the DSi, sales have shot up by nearly half week-on-week, after launching the campaign called "price crash". The market watchers claim that price deduction has not been seen in DS Lite or the DSi XL. But the DSi saw a dip in the gadget price nearly by £30 down from £160 in mid-June to £130. Some supermarkets such as Asda or Sainsburys have even dropped the price of the console to £95 or less.

iRiver, one of the known names of gadget manufacturer of UK, has come up with a new ebook reader called the iRiver Wi-Fi Story at a retail price of £250. It is said that iRiver, known for its exceptional media players, will join hands with WHSmith for its release and at the same time Wi-Fi Story users can easily download book from the WHSmith e-book store via a Wi-Fi connection.

Apple reportedly is working upon a minor update that deals with the iPhone OS 4.0 mobile platform but apparently this will be delayed for its launch. Apple engineers seemingly are filling up the patches that have been used to jailbreak the existing iOS 4 and launch it with the update.

T-Mobile has recently joined the club of iPhone vendors only to become the sixth and last mobile network provider in the UK to release the tariffs for the Apple iPhone 4. According to the reports company is offering the 16GB iPhone 4 for £25 per month with an initial price of £259 and a TCO of £859 over two years.

People opting for the 32GB model will have to shell out an extra £90. The basic level offer has 100 minutes, 100 texts and 500MB worth of data plus a Flexible booster. On the other hand the £35 tariff gives 600 minutes,