18 Mar 2005 08:25 AM

Oracle Corp. announced Thursday it lifts its takeover bid for Retek, the US retail automation software maker, against the sweetened offer from SAP.

18 Mar 2005 08:22 AM

Toys "R" Us, one of the best known toy retailers, agreed last night to be sold for $6.6 billion to a consortium of two private-equity firms, Bain Capital and Kohlberg Kravis Roberts & Co., and Vornado Realty Trust, according to people familiar with the matter.

17 Mar 2005 07:48 PM

Pentagon auditors have put under question $108.4 million that Halliburton charged the U.S. government to deliver fuel to Iraq as part of a no-bid contract to rebuild the country’s oil infrastructure, raising questions about the company’s expenditures to support the military effort. The

17 Mar 2005 03:31 PM

MCI officials reported on Thursday that it is pondering over the takeover offer from Qwest Communications. The response is supposed to be heared by March 28.

17 Mar 2005 08:45 AM

Research in Motion (RIM) was ordered by court to set aside 8.5% of its US BlackBerry sales. It will pay NTP Inc. $450 million to settle the suit. The settlement means that RIM will be free from a major legal overhang, analysts say. It has already paid $137 million to NTP and will pay remaining $313 million in the fourth quarter. Its

17 Mar 2005 08:42 AM

Toys "R" Us, one of the best known toy retailers, was sold last night for $5.7 billion to a consortium of two private-equity firms, Bain Capital and Kohlberg Kravis Roberts & Co., and Vornado Realty Trust, according to people familiar with the matter. The

17 Mar 2005 08:35 AM

Yahoo Inc announced Wednesday it has an option to launch blogs testing to enter the market of Web log. Yahoo 360 is aimed at improving connection abilities for the users that want to meet people they already know. The service is already available in South Korea and Japan. Google

17 Mar 2005 07:43 AM

Vodafone mobile company is seeking for new target customers for its 3G in Britain. It has already attracted about 200.000 customers, which is a bit less than exacted. It means that recouping billions of pounds spent

16 Mar 2005 07:34 PM

The Security and Exchange Commission said Qwest’s ex-chief executive Joseph Nacchio and six other executives were committing “massive financial fraud.” The accusation comes amid the charges against WorldCom’s ex-CEO Bernard Ebbers. The SEC said the probe

16 Mar 2005 08:40 AM

The significance of the conviction of Bernard Ebbers, former WorldCom chief executive, has yet to sink in, but analysts and business community have already begun to discuss the repercussions of the trial. The

15 Mar 2005 01:42 PM

Yahoo announced Monday that pre-installation of its messaging device into Research in Motion’s BlackBerry wireless device is in progress. The move comes ahead of Yahoo’s plan to extend its core desktop services to mobile devices.

15 Mar 2005 01:30 PM

According to the report from Pentagon, the Halliburton Company claims that it had paid more than $27 million for transport liquefied petroleum gas it had purchased in Kuwait for just $82,000.

15 Mar 2005 11:37 AM

California Superior Court judge Friday ruled out that Apple Computers are to force some online publishers to uncover those who priveded them with confidential information on the company’s new products. The Cupertino, California-based company argued that the Web sites induced their sources to breach confidentiality

15 Mar 2005 10:32 AM

Lehman Brothers Holdings Inc. reported today that its first-quarter profit rose 31% on record revenue in the company’s investment-banking and capital-markets units. Profit

15 Mar 2005 08:51 AM

Maurice "Hank" Greenberg, the legendary leader of American International Group (AIG) has stepped down as head of the world’s largest insurer to be replaced by Martin Sullivan.