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Novell

Attachmate To Buy Novell In $2.2B Deal

Attachmate Corp, an investment group owned by Francisco Partners, Golden Gate Capital and Thoma Bravo, said it will buy networking solutions company Novell, Inc. for about $2.2 billion.

Givenchy files suit against BCBG

Givenchy Nightingale (right) and BCBG Rembrandt handbags
Givenchy has filed a federal lawsuit against BCBG in California district alleging that their Nightingale bag has been copied and sold by BCBG as their Rembrandt bag, which results in trade infringement. The Givenchchy bag retailed for $2,175 whereas BCBG sold their bag for $118.

6,000 New York City teachers to be axed

Upward pressure on wages to follow: BNA Index
New York City could axe as many as 6,000 teachers working in its public schools and slash its budget by $350 million as part of belt tightening, an employment consultancy said in a release on Monday. Education experts have warned that teacher layoffs in New York City, which has not laid off teachers since 1976, will impact schools adversely by causing increase in the class sizes.
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Roche

Roche to slash 4,800 jobs amid healthcare cost pressures

Swiss pharma giant Roche said it plans to cut 4,800 jobs worldwide over the next two years due to mounting cost pressures in healthcare -particularly in the US and Europe - and increasing hurdles for the approval and pricing of new medicines.
Author Mark Oldman inspires readers to “drink bravely”

Author Mark Oldman inspires readers to “drink bravely”

American entrepreneur and renowned wine critic Mark Oldman has released his new book 'Brave New World of Wine' published by New York-based W.W.Norton & Company. Through this book, the author aims to inspire readers to drink bravely.
Level 3 To buy Global Crossing

US Tech M&A Booming

The stage is set for another wave of mergers and acquisitions in the U.S. technology sector as the big players, who are flush with cash and looking to expand their horizon, are acquiring aggressively in quest for new products and technology.
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Standpoint Research starts Cisco with 'buy'

Standpoint Research has initiated coverage on Cisco Systems with a 'buy' rating and a price target of $24 and analyst Ronnie Moas said the market has overreacted to the company's weak outlook.
Mel Gibson Bipolar Disorder

Oksana gets her monthly bills paid

At the recent custody case of Mel Gibson and Oksana Grigorieva the Los Angeles court judge ordered Mel to pay child support for his daughter.
A home for sale is seen in Los Angeles, California

'Robo-signers' effect: U.S. foreclosures dip in Oct

Home foreclosures in the U.S. in October fell by 9 percent primarily because some major banks temporarily froze foreclosure proceedings and delayed sales of foreclosed properties nationwide after being criticized for shoddy paperwork, according to real estate data company RealtyTrac.
Nvidia

Nvidia profit view raised at FBR

FBR Capital Markets raised its profit estimate and price target of Nvidia (NVDA), a day after the graphics chip maker reported third quarter earnings that topped Wall Street estimates.
Metropolitan Washington Police Officers stand around a mobile crime lab in Rock Creek Park in Washington, May 22, 2002 and (inset) Chandra Levy

Chandra Levy murder trial Day 9: Prosecutors drop some charges, rest case

After a long gap, the trial of Ingmar Guandique, who has been accused of murdering federal intern Chandra Levy, resumed on Wednesday and took a sudden turn with the prosecutors resting their case after abruptly dropping two charges against Guandique because a prison inmate has refused to testify against him, even as a FBI forensic expert claimed he had found former Congressman Gary Condit's DNA on Levy's underwear.
SAP grills Oracle as Apotheker absent from trial

Oracle-SAP Trial Gets Ugly

The SAP-Oracle trial has taken some interesting twists and the end result could be damaging to both companies.
U.S. Federal Reserve Chairman Ben Bernanke listens to questions as he testifies before a House Financial Services hearing on the "Monetary Policy and the State of the Economy" on Capitol Hill in Washington

What exactly is QE2?

Michael Yoshikami, president and chief investment officer of YCMNET Advisors in Walnut Creek, Calif. discusses what exactly QE is, why it may be needed and its potential impact.
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Private sector job cuts raise Fed easing chance

U.S. private employers unexpectedly shed jobs in September, reinforcing the belief that the U.S. Federal Reserve will embark on another round of monetary policy stimulus to support the economic recovery as early as next month.

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