Insurer Royal & Sun Alliance Insurance Group said on Thursday it was selling its U.S. arm to Arrowpoint Capital
Advanced Micro Devices (AMD) plans on making it easier for manufactures and end-users to upgrade to future processors, announcing an initiative on Thursday to strive towards processor socket compatibility.
Sun Microsystems Inc. regained the No. 3 ranking from Dell Inc. in the market for business server computers in the second quarter as it launched new products, researcher IDC said on Tuesday.
Sun announced the first two members of a midrange storage family, the StorageTek 6140 and the StorageTek 6540 disk arrays on Thursday.
Sun Microsystems issued a memo yesterday to employees, notifying them of nearly 2000 impending job cuts.
Insurer Royal & Sun Alliance is being sued in Britain for about $1 billion by General Motors, the U.S. auto giant, in a long-running dispute about personal injury claims linked to asbestos, the Daily Telegraph newspaper reported.
Jonathan Schwartz, the eloquent, pony-tailed COO of Sun Microsystems was promoted to CEO as the company's founder, Scott McNealy, stepped down this Monday after 22 years. The tech veteran will remain as chairman but even with a new leader at the helm, there is little evidence that Sun will deviate from its slow path to profitability.
Sun Microsystems Inc. on Monday posted a quarterly net loss due to merger- and other related charges as revenue climbed, boosted by the computer maker's acquisition of Storage Technology Corp.
