Volkswagen Aktiengesellcraft and Suzuki Motor Corporation have reached a common understanding to establish a close term strategic partnership. A framework agreement has been signed by representatives of both companies today.

The tie-up between the two car makers will create challenges to Toyota Motor Corporation, world’s largest automaker in terms of sales, and the deal is likely to trigger further realignment in the global auto industry.

Suzuki intends to rely on Volkswagen to develop eco-friendly vehicles such as gasoline-electric hybrids and electric cars, an area in which the Japanese company is lagging behind rivals, local analyst said.

Under their agreement, Volkswagen will acquire a 19.9 percent stake in the Japanese carmaker. Suzuki will sell its share to Volkswagen for around 222.48 billion yen under a third-party allotment to be carried out from mid-January. The Japanese carmaker is also expected to buy shares in Volkswagen by spending up to half of the money received from the German automaker.

Time Warner Cable, located in New York with other offices in Cambridge, Massachusetts; Charlotte, North Carolina; and Herndon, Virginia, is an american national cable television company that operates in 27 states and has 31 operating divisions. It is considered as the second largest in the industry, known for it’s tiered pricing of it’s service. The New Tang Dynasty Television was offered to subscribers in November 2009, on channel 589. It is now being available for free to an approximately 1.16 million digital subscriber households. But the deal is about to expire this year, which includes such things as The Weather Channel, F/X, Food Network and HGTV.  On it’s website it was stated “We’re  just one company, but there are millions of you. Together, we just might be able to make a difference in what America pays for it’s favourite entertainment.” Time Warner Cable appeals.

For its first 20 years, Time Warner Cable was controlled by Time Warner. Unfortunately, it had been spun out to shareholders in March 2009. Time Warner Cable in NYC, are appealing for it’s subscribers help. It has released a new ad campaign in which it asks it’s customers for their support in the company while it negotiates with providers of network programming, so as to prevent raises in rates that the company will have to pay in carrier rights.

The New Tang Dynasty Television was offered to subscribers in November 2009, on channel 589. It is now being available for free to an approximately 1.16 million digital subscriber households. But the deal is about to expire this year, which includes such things as The Weather Channel, F/X, Food Network and HGTV.  On it’s website it was stated “We’re  just one company, but there are millions of you. Together, we just might be able to make a difference in what America pays for it’s favourite entertainment.” Time Warner Cable appeals.

New York City’s, Chinese residents reacted with enthusiasm to the news, making a record number of calls to it’s customer service hot line.

A 2,700 feet 160-story skyscraper in Dubai opens on January 4, 2010, the fourth anniversary of Sheikh Mohammed bin Rashed al-Maktoum’s rule in Dubai, a month delayed for its expected opening.  It will be the tallest building in the world which acquires impressive technologies of today like the fastest elevator in the world, traveling at 10 meters per second and double-decker elevators that can accommodate 21 people. To keep out the desert heat, 10,000 tons of coolant with flow through the tower every hour. There are 230,000 cubic meters of concrete form the building’s core, enough to pave 1,180 miles of sidewalk.

The largest shopping center is also located there, with space for 1,200 shops nestled among 30,000 apartments. ith Dubai announcing it financial mess last week, 400 projects are now stalling, including the Burj Dubai — the world’s tallest tower.

As the AP wrote this week:

“Most other of the unfinished super-projects announced in recent years, such as a second palm-shaped island or a tower to surpass the Burj Dubai, are either recession roadkill or being considered on a far smaller scale, if they are still considered at all.”

Best deals today, in modern time, is happening in computers, television and technology.

A new high definition video disc format now came out known as the Blu-ray where video’s played are of much higher quality than traditional DVDs. This year if you are on the look out for a Blu-ray player this is a great year to purchase one, especially with the prices and discounts available. Over at Bestbuy have some amazing deals on their Blu-ray players and also their range of Home Theatre Systems. They have some of the best brands in the market and are slashing the prices on them.

“If you’re a retailer and you see that there’s a limited demand, you are offering promotions earlier and earlier to beat your competitors to the punch,” says Jeffrey Grau, senior analyst at eMarketer. “If they are trying to condition people to spend early, then later on in the season it can bite back because they were successful early on and now there is less money to spend.”

Sales are up to 16% over Cyber Monday online sales last year, and when you look through the online deals set on the retailer’s websites there is no wonder. This year is seeing a great season for buying big name prodcuts, and also for technology and electronics, being normally they are of the most expensive products. This year you may be shocked at how low some prices are for products such as Televisions and gaming products.

Playstations are up for grabs, with a Playstation 3 slim 120GB Console at $299.97 (at one online store,) and a Playstation 3 Console 40GB at a tiny $219.99 (at two online stores,) there is also the Playstation 3, 40GB Console with Spiderman 3 Blu-Ray disc at $219.99 (at one online store.)

The overall prognosis for this year’s Cyber Monday is very positive. Online shopping extravaganza could post sales north of $900 million. Sustaining that spending through the holidays, However, remains a significant question mark.

Just recently, NY Times published the resignation letter of AIG’s Financial Products Vice President Jake DeSantis addressed to AIG CEO Edward M. Liddy. This is why we came to know that DeSantis is actually quitting from AIG.

In the letter, DeSantis wrote: “It is with deep regret that I submit my notice of resignation from A.I.G. Financial Products. I hope you take the time to read this entire letter. Before describing the details of my decision, I want to offer some context:”

The reason of DeSantis’ resignation was likewise stated in the letter. He specifically mentioned: “But you also are aware that most of the employees of your financial products unit had nothing to do with the large losses. And I am disappointed and frustrated over your lack of support for us. I and many others in the unit feel betrayed that you failed to stand up for us in the face of untrue and unfair accusations from certain members of Congress last Wednesday and from the press over our retention payments, and that you didn’t defend us against the baseless and reckless comments made by the attorneys general of New York and Connecticut.”

“Many of the employees have, in the past six months, turned down job offers from more stable employers, based on A.I.G.’s assurances that the contracts would be honored. They are now angry about having been misled by A.I.G.’s promises and are not inclined to return the money as a favor to you. Liddy both defended the bonus payments to Congress last week and told legislators he had asked for the bonus money to be returned–for the employees to “do the right thing,” DeSantis further stated.

AIG Bonuses have indeed created a strong public backlash when the company chose to use taxpayer money to pay off multimillion dollar retention bonuses every to those executives who were not with AIG anymore.