As per the latest reports, The Ontario Municipal Employees Retirement Systems (OMERS) has made a bid for Montreal based Logibec Groupe Informatique Ltd.

It is known that OMERS which manages almost $48 billion has made an aggressive bid of $ 26 a share in cash to acquire Logibec which is one of the most successful and profitable software companies, that specializes in the health-care and social-services sectors and has operations in Canada and the U. S.

In what happened to be a one-of-its-kind "graduation party", as many as 11 robots of the PR2s (Personal Robot 2) model rolled down the aisle of the Menlo Park, California, robotics firm Willow Garage.

Microsoft Chief Executive, Steve Ballmer was calm and composed a day after his opponent Apple Inc commented at his firm as the world's leading tech corporation by market value and stated that his objective was on creating a good product and make in more products that ultimately will help in bringing more funds.

Close on the heels of Google’s last week announcement that it intends phasing out the online store for its ‘Nexus One’ handset, the company has reportedly taken the first step in the direction of keeping its word about making the handset available at retail stores.

That Yahoo is making attempts to lure users to spend more time on the company’s sites became evident on Wednesday, when CEO Carol Bartz told analysts at a briefing that the company intends to persist with its endeavors to modernize its online properties till summer next year.

With Microsoft recently announcing two high-profile departures – that of the company’s Entertainment and Devices Division President Robbie Bach, and the division’s Chief Technology Officer J. Allard -, CEO Steve Ballmer will reportedly oversee the company’s struggling entertainment and mobile businesses.