YouTube launches online video editing tool

YouTube has launched a web-based video-editing tool that will allow users to tweak and trim their footage before posting it online.

The new video editing tool allow users to trim the start or end of clips, combine several clips into one video and also to add soundtracks to the video from YouTube’s audio swap library in which we simply need to drag the soundtrack from the wide range of soundtracks available one wants to the audio bar.

It also enables one to create and upload videos very easily. One can also preview the video created by them in the editor’s main viewer panel, after which one can publish it.

AOL selling social networking site Bebo

Criterion Capital Partners, LLC (CCP), a merchant banking and financial advisory firm based in the United States, announced that it has acquired the Bebo business, the youth-centric social media network, from AOL Inc. As part of the deal, CCP will assume the rights and complete operating control over the global social platform business.

Bebo launched in 2005 and was acquired by AOL in March 2008 for $850 million. It is a social media network that combines community, connections, self-expression and entertainment via a range of social tools, games and a growing mobile platform.

Fujitsu and Toshiba to merge mobile phone businesses

Fujitsu Limited and Toshiba Corporation entered into a memorandum of understanding (MOU) to merge their mobile phone businesses. According to the MOU, Toshiba will transfer its mobile phone business to a new company to be established October 1, 2010, and Fujitsu will acquire a majority of the shares in the company.

By merging their mobile phones businesses, Fujitsu and Toshiba are aiming to become the No. 1 provider of mobile phones in Japan. Collaboration in the mobile phone business will allow Fujitsu and Toshiba to strengthen their handset development platforms for the Japanese market and enable the companies to continue to create highly competitive products for their customers.

Microsoft unveils another mobile OS – ‘Windows Embedded Handheld’

Microsoft introduces another Mobile Phone OS called Windows Embedded Handheld . This OS adds up to the existing mobile phone operating systems- Windows Embedded Compact (formerly Windows CE), Windows Mobile 6.5, and Window Phone 7.

The Windows Embedded Handheld software platform is geared at boosting mobile enterprise workforce productivity by enabling users to capture, access, and act on business-critical information. Motorola is the first phone maker to sell a device running the new software, called the ES400 enterprise digital assistant.

Microsoft plans to update the Windows Embedded Handheld operating system based on Windows 7 technologies (Windows Embedded Compact 7) sometime 2011.