IBT Staff Reporter

120361-120390 (out of 154943)

SEC has few options, none good, in BofA case

Stung by a federal judge's rejection of settlement efforts with Bank of America Corp, the U.S. Securities and Exchange Commission has a few ways to proceed in the case. None is good.

Oracle stops making computers with HP

Oracle Corp has ended a high-profile computer-building partnership with Hewlett-Packard Co as Oracle prepares to acquire Sun Microsystems Inc, a rival of HP.

Adobe to buy Omniture for $1.8 billion

Adobe Systems Inc plans to pay $1.8 billion for fast-growing business software maker Omniture Inc as the maker of Photoshop and Acrobat looks to turn around declining sales.

Daily Commentary - 16/09/2009

The Australian Dollar opens higher today at 0.8625 and is buoyed by improved risk sentiment after the release of stronger than expected U.S. economic data overnight.

China & U.S. war over auto, chicken after tires

China has started investigation procedures on auto and chicken products originally produced in the United States, Yao Jian, spokesman with the Ministry of Commerce (MOC), told a press conference on Tuesday, adding to a string of trade disputes with Washington including a recent decision to raise tariffs on Chinese-made tires.

EU may force UK's Lloyds to sell Halifax - report

The European Commission may force Lloyds Banking Group to sell off all or part of its Halifax branch network as compensation for the billions of pounds of state aid the group has received, the London Times reported.

Blackstone sees real estate opportunities, deals

Private equity giant Blackstone Group is starting to see attractive opportunities in real estate again, after waiting on the sidelines for deals since 2007, its chief operating officer Tony James said on Tuesday.

Bernanke says recession is very likely over

Federal Reserve Chairman Ben Bernanke said on Tuesday that the worst U.S. recession since the Great Depression was probably over, but the recovery would be slow and it would take time to create new jobs.

Silicon Laboratories raises Q3 outlook

Chipmaker Silicon Laboratories Inc raised its outlook for the third quarter, citing better-than-expected demand for both its broadcast audio and microcontroller unit (MCU) products.

Stanley Furniture sees Q3 loss widening sequentially

Stanley Furniture Co Inc expects a sequentially wider loss in its third quarter, hurt by lower sales and disruption caused by shifting its Young America products from off-shore sourcing to its own domestic manufacturing facilities.

Adobe to buy Omniture for $1.8 bln

Adobe Systems Inc announced a $1.8 billion deal to buy business software maker Omniture Inc on Tuesday as it looks to counter falling sales from its Photoshop and Acrobat programs.

Buffett says U.S. economy has not turned up

The U.S. economy has not begun to climb out of the worst recession since the Great Depression, but the terror that followed last year's near- collapse of the financial system is gone, due in part to government intervention, Warren Buffett said on Tuesday.

Daily Wrap Up - September 15 Tech

Google Inc has rolled out a new version of its Chrome Web browser and a version of the Mac browser for mainstream users will be available within months, as the company moves to double Chrome's market share.

Kanye West taking time off after debacle

A day after Kanye West earned widespread scorn for upstaging Taylor Swift at the MTV Video Music Awards, the remorseful rapper said on Monday he would take time off to reflect on his behavior.

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