Gloomy data drags Wall Street down September 30, 2009 US stocks fell yesterday after a key index of business activity in the American Midwest region showed a surprising contraction, but buying of technology bellwethers like Cisco Systems at the end of a strong quarter limited losses. The top drags on the session were some of the quarter’s best performers including industrials, materials and banks. [...]
Gloomy data drags Wall Street down September 30, 2009 US stocks fell yesterday after a key index of business activity in the American Midwest region showed a surprising contraction, but buying of technology bellwethers like Cisco Systems at the end of a strong quarter limited losses. The top drags on the session were some of the quarter’s best performers including industrials, materials and banks. [...]
DELL SNAPS UP PEROT FOR $4BN September 21, 2009 PCGIANT Dell announced yesterday that it plans to buy computer services firm Perot Systems for about $3.9bn (£2.4bn), in a bid to compete with Hewlett-Packard and IBM. Dell intends to pay a steep 67.5 per cent premium to expand its technology services business into higher margin IT services, thereby securing more stable and recurring revenues [...]
The world’s biggest hotelier won’t let the downturn stop expansion September 20, 2009 At 6’3”, the chief executive of InterContinental Hotels Group (IHG) Andrew Cosslett has broad shoulders – and with the battering the travel sector has taken over the last year it is just as well. Not surprisingly, the economic downturn has hurt the world’s largest hotel group, which boasts 630,000 rooms across more than 4,300 hotels [...]
Chi-X follows LSE in speedy IT overhaul September 16, 2009 AN ARMS race has broken out between the world’s top stock exchanges as they rush to revamp their computer systems in a bid to improve performance and win back business from their newer rivals. Chi-X, which launched in March 2007, will today announce an agreement with IBM to use the IT giant’s high-speed messaging technology [...]
IBM issues bullish earnings view September 8, 2009 International Business Machines (IBM) yesterday said it was “well ahead” of its plan of achieving earnings per share of $10 to $11 by 2010. IBM, which has shifted its focus from computers to higher-margin software and services over the past decade, reiterated expectations of earnings of $9.70 a share this year. The group first raised [...]
EC to probe Oracle’s $7.4bn Sun takeover September 3, 2009 THE European Union (EU) has launched an investigation into whether software firm Oracle’s $7.4bn (£4.5bn) takeover of computer maker Sun Microsystems is in breach of European competition rules. The US justice department gave its approval to the deal last month, but the European Commission’s competition commissioner Neelie Kroes said the legislative body had a duty [...]
EC to probe Oracle’s $7.4bn Sun takeover September 3, 2009 THE European Union (EU) has launched an investigation into whether software firm Oracle’s $7.4bn (£4.5bn) takeover of computer maker Sun Microsystems is in breach of European competition rules. The US justice department gave its approval to the deal last month, but the European Commission’s competition commissioner Neelie Kroes said the legislative body had a duty [...]
THE TIPSTER RESULTS AND BUYOUTS TO FUEL MARKET August 9, 2009 Interim results are still dominating the headlines and the markets at the moment so spread betters should be well aware of which companies are reporting and what the market is expecting from them. Insurance company Friends Provident reports interims on Tuesday and investors will be hoping for an update on the Resolution situation. For investors [...]
CITY MOVES WHO’S SWITCHING JOBS August 9, 2009 Spencer-Churchill Miller PrivateThe high net worth (HNW) wealth management boutique has hired Lady Emily Compton, the former social editor of Tatler magazine. Compton will be responsible for introducing HNW individuals to the business, as well as working alongside founders Alexander Spencer-Churchill and Gina Miller on a new business venture. She has also previously worked as [...]