IT’S a beautiful day for U2’s Bono and the Edge who have seen their stake in Facebook elevate to new heights.

U2 singer Bono is set to make a small profit from the sale of smartphone-maker Palm to Hewlett-Packard as part of a €900 million deal but analysts say he won’t be happy with the return.

IF you haven’t found the mobile you’re looking for, a new smart phone that claims to outsmart even Apple’s iPhone is being launched this weekend in the US.

Bono has been rewarded for investing $100m (€75.5m) to rescue smart telephone maker Palm Inc.

Bono's investment firm will give another $100m (€71m) to rescue smart telephone maker Palm Inc.

Wall Street recovered from a mostly down session today, ekeing out a gain as investors brushed off another slide in Chinese stocks.

A BID by the venture capital outfit backed by U2 frontman Bono to acquire the company behind the Lara Croft video game may be under threat.

CYBERBABE Lara Croft was at the centre of a takeover tug-of-war yesterday after two bids were tabled for her London-based creator.

Computer games maker Eidos received a financial lifeline today after a private equity firm featuring rock icon Bono struck a £71m (€102.4m) takeover deal.

U2 front man Bono is to become one of six managing directors of a $1 billion media and entertainment fund in the US.