Archive for November 12th, 2007

Kodak to sell China Lucky stake, ending partnership

Monday, November 12th, 2007

SHANGHAI - Eastman Kodak Co has decided to sell off its stake in Lucky Film Co Ltd , ending a four-year partnership with China’s largegest photo film manufacturer, the Chinese company has said on Tuesday.

Market drops on techs and oil, as E*Trade punished

Monday, November 12th, 2007

NEW YORK - United States stocks fell for a fourth session on Monday, led by a widening sell-off in technology stocks late in the day on worries about business spending, while a drop in oil prices hit energy producers’ shares.

Housing woes cloud Home Depot, Lowe’s outlooks

Monday, November 12th, 2007

ATLANTA - Home retailers Home Depot Inc and Lowe’s Cos Inc have taken a beating this year as results weakened in the wake of the crumbling United States housing market, and experts has said more pain is possible in coming quarters.

Oracle adds virtualization as VMware shares fall

Monday, November 12th, 2007

BOSTON - Oracle Corp made a move on Monday to take on VMWare Inc in the market for virtualization software, unveiling a product that it says is three times more efficient than competitors’ offerings.

Wendy’s auction hurt by funding problems: sources

Monday, November 12th, 2007

PHILADELPHIA/NEW YORK - Wendy’s International Inc. is expected to get tentative takeover offers on Monday, but a final sale of the hamburger chain may be delayed or canceled as suitors struggle over price and funding, sources familiar with the situation has said on Monday.

IBM to purchase Cognos for $5 bln

Monday, November 12th, 2007

BOSTON - IBM has said on Monday it would purchase Canada’s Cognos Inc for $5 billion, snapping up the last major independent maker of business intelligence software.

IBM to purchase Cognos for $5 bln

Monday, November 12th, 2007

BOSTON - IBM has said on Monday it would purchase Canada’s Cognos Inc for $5 billion, snapping up the last major independent maker of business intelligence software.

Action did not bail out investors: Fed’s Hoenig

Monday, November 12th, 2007

WASHINGTON - Central bank action spurred by the United States subprime mortgage crisis did not bail out investors but policy-makers must still be aware that their decisions have consequences, has said a top Federal Reserve policy-maker.