Sony Corporation (‘Sony’) announced that the transaction to acquire Telefonaktiebolaget LM Ericsson’s (‘Ericsson’) 50% stake in Sony Ericsson Mobile Communications AB (‘Sony Ericsson’) has been completed as of February 15, 2012 (Central European time). This marks the completion of the transaction jointly announced by Sony and Ericsson on October 27, 2011, and makes Sony Ericsson a wholly-owned subsidiary of Sony.

Fast Company, the journal covering the latest news in the technology, ethonomics (ethical economics) and design fields, has unveiled its annual ranking The World’s 50 Most Innovative Companies. Apple, Facebook, Google and Amazon are taking the lead (they are No. 1, 2, 3, and 4 correspondingly). Traditionally, the biggest intrigue here is not who will occupy the top lines (these several leaders are featured on most of ‘the best, the most successful, etc.’ ranks), but in which order they will do it (though, there are some newcomers as well). The most unpredictable thing here is what companies will take the rest of the positions and rule in their industries.   

YouTube offers its global audience a unique opportunity to see the large-scale events live even if they can’t be there in person. Last year, the video-sharing website invited people from all over the globe to see the royal wedding ceremony straight from Westminster Abbey and watch the ritual of the Hajj on November 5 in Mecca to name but a few. The service is going to bring every major occasion online for those who can’t be there. Now, YouTube is streaming fashion shows live from the runaway of Mercedes-Benz Fashion Week (February 9-16), and is going to make this winter hot by showing its audience what will be going on at Brazil’s Carnival from February 16 to 21.