Wal-Mart Stores has purchased the rights to exclusively sell 35mm Polaroid film. Spokesman Rob Phillips said Tuesday that Wal-Mart signed an agreement with Agfa, a German film manufacturer, to buy film under the Polaroid name. Agfa now controls the Polaroid name. Polaroid 35-millimeter film is already available in most Wal-Mart stores nationwide, but soon it will be the only place people can get the product.
Cingular Wireless said Tuesday that it has chosen the world's most popular mobile phone technology for an all-digital upgrade of its national network as it moves toward speedy next-generation services. The decision of Cingular, the No. 2 mobile provider in the U.S., is a blow to a competing technology, CDMA, or code division multiple access, developed by Qualcomm Inc. of San Diego. CDMA has been deployed mostly in the U.S. and South Korea while about 70 percent of the world's wireless carriers use GSM, or global system for mobile telecommunication, which is dominant in Europe.
MTV Networks is laying off 450 employees, or about 9 percent of its work force, as parent company Viacom Inc. cuts costs amid a worsening advertising downturn.