| Business News |
HP challenges IBM with $12.6 billion EDS deal
(Reuters)
 Reuters - Hewlett-Packard Co has struck
a deal to buy Electronic Data Systems Corp for $12.6
billion, seeking to boost its technology services business to
better compete against market leader IBM .
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Wal-Mart profit up, but shares fall
(Reuters)
 Reuters - Wal-Mart Stores Inc , the
world's largest retailer, reported a 7 percent rise in
quarterly profit on Tuesday as discounts drew U.S. shoppers
looking for bargains on necessities like food and pharmacy
items.
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Stock futures lower on banks, Wal-Mart
(Reuters)
 Reuters - Stock index futures fell on Tuesday
after Oppenheimer & Co slashed its price targets on a number of
brokerages and on concern about Wal-Mart Stores Inc's
outlook.
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Bernanke says markets healing but still not well
(Reuters)
 Reuters - U.S. Federal Reserve
Chairman Ben Bernanke said on Tuesday that emergency Fed
liquidity measures have helped relieve strain in financial
markets, but the recovery process remains incomplete.
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Retail sales show resiliency
(Reuters)
Reuters - Total sales at U.S. retailers
weakened modestly in April, the government reported on Tuesday,
but outside the hard-pressed auto sector they showed more
resiliency than many analysts had anticipated.
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Retail sales dip for second time in 2 months
(AP)
AP - Consumers, battling soaring gasoline prices and a slumping economy, cut back further on their spending in April.
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| News from Business category: |
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MILAN (Reuters) - Finmeccanica SpA has agreed to buy U.S. military contractor DRS Technologies Inc. in a $5.2 billion deal, the biggest so far in European defense contractors' bid for a slice of the growing U.S. defense market.
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PARIS (Reuters) - France's biggest retail bank, Credit Agricole, announced a 5.9 billion euro ($9.1 billion) rights issue to shore up its capital after new writedowns at its Calyon investment bank, hitting its shares.
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NEW YORK/AMSTERDAM (Reuters) - Corporate Express said on Tuesday it was willing to talk to U.S. office supplies retailer Staples Inc after it raised its offer for the Dutch business products wholesaler.
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SEA ISLAND, Georgia (Reuters) - U.S. Federal Reserve Chairman Ben Bernanke said on Tuesday that emergency Fed liquidity measures have helped relieve strain in financial markets, but the recovery process remains incomplete.
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NEW YORK (Reuters) - Stock index futures fell on Tuesday after Oppenheimer & Co slashed its price targets on a number of brokerages and on concern about Wal-Mart Stores Inc's outlook.
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NEW YORK (Reuters) - Wal-Mart Stores Inc, the world's largest retailer, reported a 7 percent rise in quarterly profit on Tuesday as discounts drew U.S. shoppers looking for bargains on necessities like food and pharmacy items.
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NEW YORK (Reuters) - American victims of bombings and rocket attacks in Israel have sued Swiss bank UBS AG for more than $500 million, accusing the bank of helping fund the militants behind the attacks through dealings with Iran.
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TOKYO (Reuters) - Japan's Hitachi Ltd tumbled to a quarterly loss on slow TV sales and a tax writedown but said it would rebound to a profit this year, and its shares were up 5 percent.
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ROME (Reuters) - Italy's Finmeccanica SpA reached a $5.2 billion deal to buy DRS Technologies Inc. securing itself a bigger presence in the growing U.S. defense market which accounts for half the world's military spending.
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NEW YORK (Reuters) - Home builder Beazer Homes USA said on Monday that it lost $10.70 per share in fiscal 2007, it released restated results for several years, and said it remains the target of several state and federal investigations.
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PARIS (Reuters) - Societe Generale , the French bank hit by the world's worst rogue trader scandal, reported a 23.4 percent fall in first quarter net profit although earnings came in above the average market forecast.
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SYDNEY (Reuters) - Westpac Banking Corp Ltd launched a $17.6 billion all-share bid for smaller rival St George Bank Ltd in a tie-up that would create Australia's biggest bank by market value.
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NEW YORK (Reuters) - Maurice "Hank" Greenberg, former chief executive of American International Group , has said the insurer is in "crisis" and urged a delay in its annual general meeting scheduled for Wednesday, according to a letter he sent to the board
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NEW YORK/SAN FRANCISCO (Reuters) - Hewlett-Packard Co is in talks to buy technology outsourcing company Electronic Data Systems Corp for $12 billion to $13 billion in a deal which would vault it to a close second to IBM in technology services.
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NEW YORK (Reuters) - Oil fell from a record high over $126 a barrel on Monday as a dip in crude oil imports into No. 2 consumer China stirred concerns high prices were eating into demand.
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NEW YORK (Reuters) - JPMorgan Chase & Co Chairman and Chief Executive Jamie Dimon on Monday told bank investors that while the current credit market crunch may soon be over, the U.S. economy could still face a deep and extended recession.
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NEW YORK (Reuters) - XM Satellite Radio Holdings Inc on Monday posted solid gains in automotive subscribers, driving sales up 17 percent, and reiterated optimism that its purchase by Sirius Satellite Radio will soon be cleared.
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NEW YORK (Reuters) - MBIA Inc , the world's largest bond insurer, posted a quarterly loss of $2.4 billion on Monday as it took charges on billions of dollars of exposure to bonds linked to subprime mortgages.
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NEW YORK (Reuters) - Stocks rose on Monday as the introduction of a faster BlackBerry spurred optimism about business spending on technology, while cooling oil prices eased inflation concerns.
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NEW YORK (Reuters) - Former American International Group CEO Maurice "Hank" Greenberg has said the insurer is in "crisis" and urged a delay in its annual general meeting scheduled for Wednesday, according to a letter he sent to the board of directors.
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| Software News |
Study: US Corporate Software Spending Slowing
(PC World)
PC World - One in four respondents to a new US corporate IT spending survey by ChangeWave Research said their company will spend less on...
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Microsoft Faces Another Interoperability Complaint in Europe
(PC World)
PC World - Microsoft's reluctance to make its Office suite interoperable with competing products has prompted a British government agency...
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Microsoft software gives free tours of space
(Reuters)
 Reuters - Any Star Trek fan knows that space
travel is not always easy, but Microsoft Corp wants to make
traveling the "final frontier" as simple as turning on your
computer.
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SOA Software buys LogicLibrary
(InfoWorld)
InfoWorld - Matching up critical components in the SOA space, SOA Software, which provides SOA governance automation, said Monday it has acquired SOA repository and governance vendor LogicLibrary.
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Microsoft readies service packs for dev tools
(InfoWorld)
InfoWorld - Microsoft released Monday beta versions of separate service packs for the Visual Studio 2008 software development platform and the accompanying .Net Framework 3.5, a Microsoft official said in a blog.
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Google's Friend Connect To Spread Social Data
(TechWeb)
TechWeb - InformationWeek - The software is part of an emerging set of technologies like OpenID, OAuth, OpenSocial, and the data access APIs published by Facebook, Google, and MySpace.
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