Is Microsoft to announce Xbox 720 on May 21

On May 21 Microsoft will spill the beans. It is learned from a report on The Verge the software giant may announce its next generation Xbox, the console that was awaited for more than a year and was earlier scheduled to be unveiled this month.

In an interview Paul Thurrott, writer for Supersite for Windows, said Microsoft earlier planned of announcing the new console, codenamed as Durango, on April 24, but re-plans to announced at an event on May 21.

MWC 2013: Big giants Nokia, Samsung, Sony to exhibit best gadgets of the year

Only about a week is left for the Mobile World Congress (MWC) to kickstart in Barcelona, Spain, and we will see some of the best products of 2013, probably the most exciting smartphones. We are waiting to cover the event LIVE on the day.

SkyDrive no more requires Microsoft account to access shared MS Office documents

SkyDrive has now made sharing online MS Office documents a bit easier than before.

Earlier Microsoft account was necessary for the one who wants to access the shared documents, but now SkyDrive has deleted the restriction. Now users just need to create a URL of any document of MS Office Web Apps or Office 2013 that is being stored online and mail it to the recipients.

The recipient needs to click on the URL to view the file in Office Web Apps. To edit the file one need to click on a link in the Web app from there and it gets opened in associated Office Web App. Here no more the login account comes in as it was before.

For months Microsoft had been working on SkyDrive and during the November update it also launched SkyDrive app for Windows Phone 8. In December the software giant launched SkyDrive app for Xbox 360 and in January it came up with drag and drop feature in the app.

On February 13 Microsoft will be pulling away the service of Windows Live Mesh and make SkyDrive as its core online storage and syncing service. Mesh users need to switch to SkyDrive by then or need to get an alternative way to take backups of all their files stored online there.

New Bridge banks in Nigeria

The Federal Government
yesterday through the
Nigeria Deposit Insurance
Corporation (NDIC) assumed
ownership of Afribank,Bank PHB and Spring Bank
via the “Bridge Bank”. What does it mean?
This means the three banks will still be open to customers to
operate normally with the control of three bridge banks. What is a bridgebank?
A bridge bank is a
temporary bank organized
by the regulators to
administer the deposits and
liabilities of a failed bank. #Requirements of a bridgebank
*Bridge banks must be
chartered as national
banks. *Bridge banks are
required to honour the commitments of the failed bank to its customers, and
not to interrupt or
terminate adequately
secured loans. *Bridge banks are authorized to seek to
liquidate failed banks, either
by finding buyers for the bank as a going concern, or by liquidating its portfolio of assets, within two years,
which can be extended for
cause by an additional year.The Bridge Banks are

Enterprise Bank Limited to

assume assets of Spring
Bank, Keystone Bank Limited
to assume assets of Bank
PHB, and MainStreet Bank
Limited to assume assets of
Afribank.
This is done to ensure
continued operations and
customer confidence. Will the affected banks be address by its name? No, each bank will now answer the names of their
respective bridge bank. What about the management of the banks?
The management
and staff are now
contractually employees of
the bridge banks.