MUMBAI, March 25- India's third-largest IT services exporter Wipro is setting up a "commando force" unit next month that will target clients seeking to speed up automation and do more business online, an executive told Reuters. "We believe there is a lot of opportunity and a lot of money that our clients can save and that we can make," Kohli, the former head of Wipro's...» Read More
News doesn't get worse than this for a company like Yahoo. On a day that's arguably one of the most important for online shoppers during the holiday shopping season, the so-called "Cyber Monday," Yahoo's shopping and transaction algorithm appears to be down.
Hewlett-Packard's better-than-expected quarterly results may raise the bar for competitor Dell, which is more vulnerable to U.S. economic woes and reports earnings next week.
What more can be said about the Fed's rate cut? Did Greenspan get us into this mess? Is Bernanke caving in getting us out? Are both trying to be popular? Here's my question: is Greenspan suddenly like Britney (we thought he was so hot but now...), while Bernanke is K-Fed (a strange background ornament who suddenly looks responsible)?
Northrop, Cogent settle lawsuit
This is a big day for Advanced Micro Devices with the company releasing its long-delayed Quad-Core Opteron server chip. It's also a big day for CEO Hector Ruiz who tells me...
Merger Monday sure isn’t what it used to be, with just a small deal from Humana on the boards today. However, look a little farther and you can still see deals, but the players are changing. That's the point in a very interesting note this morning from Joseph Quinlan at Bank of America. Quinlan's point: "The traditional rainmakers - corporate giants from the United States...
Stocks are winding up for a higher open as traders focus on the Fed Chairman Ben Bernanke's Jackson Hole address and President Bush's expected subprime rescue plan for defaulting homeowners. Bernanke's 10 a.m. speech has been the buzz of global markets for more than a week and it is being watched carefully for any clues on how the Fed might react...
It's been a rough year for Dell, characterized by a particularly rough quarter that saw the company try to put deep financial shenanigans behind it: the pay-out of a $40-million-plus severance package for fired CEO Kevin Rollins, trying to deal with a restructuring that cost the company 8,000 jobs, continued loss of market share to rival Hewlett-Packard and shipment problems that hurt its most recent product introductions.
Computer and printer company Hewlett-Packard said Monday it will buy data center automation software company Opsware in a tender offer for about $1.6 billion, or $14.25 per share in cash.