Sprint gambles with new iPhones

As Apple prepares to release its newest iPhone today, the terms it has squeezed from Sprint Nextel reveal the leverage it has over the telecom companies that once ran the show, according to The Wall Street Journal.

Sprint, the number three US wireless carrier, is making a multibillion-dollar gamble that access to the iPhone will be the ticket to a turnaround.

The carrier has committed to buy at least 30.5 million iPhones, even though it would likely lose money on the deal until 2014, according to people familiar with the matter.

Hewlett-Packard (HP) has completed the $12 billion buyout of UK software firm Autonomy, despite the departure of the man who initiated it, reveals the BBC.

Leo Apotheker was replaced as HP chief executive last month amid falling sales and a share price collapse.

The Autonomy deal was part of a massive overhaul of the troubled US computer giant unveiled by Apotheker.

Eastman Kodak shares soared more than 57% yesterday after the photo company tried to quash investor fears of a bankruptcy, which had caused shares to lose more than half their value on Friday, reports the Associated Press.

The stock was buoyed yesterday by a statement Kodak released after the market closed on Friday, saying it “is committed to meeting all of its obligations and has no intention of filing for bankruptcy”.

The photography pioneer has struggled to adapt in the age of digital imagery. The company hasn't posted an annual profit since 2004. Its shares have lost 76% of their value this year alone.

Xhead = E-crime unit saves UK £140m

The Police Central e-Crime Unit, an arm of the Metropolitan Police, claims to have saved the UK economy more than £140 million over the past six months, writes Computing.co.uk.

The £140 million is an estimate of what might have been lost through cyber crime had the unit not scored a string of successes this year.

This sum represents nearly 30% of the £504 million harm reduction target it hopes to achieve by 2015.