Business news for Mon, 24 Dec 2007 & with word technology. 10 news.

THE China Development Bank and the Tianjin Binhai New Area signed an agreement to set up a venture capital fund to boost high-technology start-ups in the fastest-growing economic zone in north China. The Ministry of Science and Technology Website released yesterday the joint efforts to kick off the first government-backed venture capital worth two billion yuan (US$270 million) with equal contributions from the CDB and the TBNA. Pi Qiansheng, a vice-ministerial official who heads the TBNA administration, said the government funded and operated venture capital would primarily perform as a fund of funds, an investment fund that has a strategy of holding a portfolio of other investment funds rather than investing in tangible projects. Pi said that the fund of funds will choose outstanding domestic and overseas venture capital funds, including private equity funds, to invest. The selected venture capital funds will be asked to prioritize their investment portfolio in high-technology

SHANDA Interactive Entertainment, Intel Corp and Sichuan Changhong Electric have established an alliance to develop the market of online games on Web-linked TVs, the three sides said yesterday in Shanghai. The companies launched an online table tennis game, available both on computer and TV platforms, to catch the sport game booms ahead of the Beijing Olympic Games next year. According to the agreements, Shanda will provide content including games, Intel will provide related chip and chipset technology, while Changhong - China's second biggest TV maker - will produce TVs with Internet access and built-in hard disk storage, the companies said. "Shanda is proud to become content provider and the three sides will jointly promote the games including the new table tennis game X-Up," said Tom Zhang, Shanda's senior vice president. The project has similarities to Shanda's previous EZ-Center plan, which allowed users to access Internet and games on TV with a

SAN FRANCISCO (MarketWatch) - Technology stocks up slightly Monday morning with Microsoft Corp. and newcomer NetSuite Inc. gaining more than 1%. The Nasdaq Composite Index , the Morgan Stanley High Tech 35 Index and the Philadelphia Semiconductor Index were up fractionally. The Dow was ahead more than 60 points.

Top music downloads 1. Cyclone, Baby Bash 2. No One, Alicia Keys 3. Crank Dat, Soulja Boy 4. Ayo Technology, 50 Cent 5. Bed, J. Holiday 6. Apologize, OneRepublic 7. I Do, Lil' O 8.Double Up, R. Kelly 9. White Girl, USDA 10. American...

[Technology] The technique aims to target consumers more closely depending on demographics and time of day. "The products that Kmart might want to sell to parents rushing out the door in the morning will not be the same as those in the afternoon that target kids," says Tara Walpert, Visible World president.

This is the season when people get technology gifts, but it's also the time of year when we get rid of our old gadgets.

The past 12 months marked another remarkable year in law and technology featuring business developments, policy decisions, lawsuits, court rulings and new legislation that will have a profound long-term impact on the Internet in Canada. From A to Z, there was rarely a dull moment in 2007.

BAE Systems, Britains biggest defence contractor, has confirmed its plan to increase its presence in the lucrative US market with the acquisition of an American technology company which is a key supplier of logistics to the Department of Defense ('DoD).

When Booz Allen Hamilton, the big McLean technology and consulting firm, wants to demonstrate the art of the possible, it invites visitors into a room it calls the "technology petting zoo."

Many business books are heavier on jargon than on wisdom, executives often complain. But among this year's titles are some that can sharpen managers' thinking about technology, management and careers.