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The regulators have shut down four banks. This includes Advanta Bank Corp. along with three other lenders in Georgia.

With this the number of closed banks for this year has reached 37.

Advanta, which is owned by bankrupt credit-card issuer, Advanta was closed by the Utah regulator after the Federal Deposit Insurance Corp. could not find a buyer for it. Now, FDIC has been named as the receiver.

Besides this, Appalachian Community Bank (ACB) of Georgia along with lenders in Minnesota, Alabama and Ohio were closed. As on the date of closing, ACB had $ 1 billion in assets.

Palm sales reported a drastic decline in its fiscal third quarter. This dip in sales has erased the company's stand against top smartphone makers such as Apple and Google.

Palm quoted its revenue to be $350 million for the quarter, which happens to be more than forecast made last month. The company expected the figures to be anywhere between $285 million and $310 million. On net front, the company encountered a loss of $22 million, or 13 cents a share. The report brought down the stock price almost by 13.5%, or 77 cents to $4.88 per share in after-hours trading.

To add to the joys of the Xbox players, Microsoft is planning to enable Xbox with Storage capacity, reported a blog of a Microsoft engineer. This means Xbox 360 shall be packed with the extra spacing so that one can keep more of the storage inputs in their gaming machine.

The documentation, which further opens up the memory spacing and storage, said that it (storage device) would be larger in space and provide an ease by installing full disc-based games onto USB devices. It helps the gamers to save their game modes with installation of various softwares available in the market.

Ever since Apple iPhone was launched it has been in the bulletin making some important headlines. Whether it's the name iPhone or 'pod' for the music platform, it has always found itself surrounded with controversies.

The latest is the infringing patents against HTC for a high profile legal wrangle. The maker of smartphones such as Eris, Nexus One et al has been indicted infringing Apple iPhones Graphic User Interface (GUI) and the underlying hardware and software support systems.

Ebook reader provider Amazon has released Kindle for Mac. This gives a hint to the understanding that now one can read Kindle books on devices including iPhone, PC, Blackberry etc.

Kindle for Mac works on the same concept of scroll-wheel of mouse or the arrow keys for hovering on the pages. One can view notes and bookmarks of other synced devices, but he/she is refrained from creating new ones (a limitation common with the PC version as well).

British Airways (BA) has promised that it will arrange for flights for more than 60 per cent of its passengers during the weekend. This, it would do, even though the airline is facing a three-day strike of its cabin crew.

There have been delays in the flights and the working has been disrupted. And for the same, Chief Executive of BA, Willie Walsh has apologized officially.

The staff is on strike because they are demanding a rollback of the decision of pay cut. They are not happy with the kind of jobs that are provided to them and there is news that staff cutting will take place.