Business News

Ellison gives up Oracle CEO role, becomes chairman

Oracle says Larry Ellison is stepping aside as CEO of the company he founded. The business software maker promoted Safra Catz and Mark Hurd to replace him as co-CEOs.

5 hours ago from

Other sources:, Techspot, USA today (2), CNET (2), AP show all (12)

Microsoft axes 2,100 as job cuts continue

Microsoft on Thursday said that it axed 2,100 jobs in a second round of cuts which were announced earlier this year.

5 hours ago from

Other sources:, Arstechnica, Techspot, HotHardware, Reuters Technology show all (10)

SAP will buy Concur Technologies for $7.36 billion

German business software maker SAP said it will buy travel and expense management software company Concur Technologies for $129 per share, or about $7.36 billion.

2 hours ago from

Other sources:, Reuters Technology (2) show all (3)

Alibaba's plan: Today, China. Tomorrow, the world.

Amazon and eBay should watch their backs. As Chinese e-commerce powerhouse Alibaba readies what could be the biggest initial public offering ever on the New York Stock Exchange, it is quietly ...

9 hours ago from

Other sources:, CNET show all (3)

With Alibaba windfall, all eyes on Yahoo's Mayer

The IPO promises to be one of the biggest events in Yahoo's recent history. But after the expected multibillion-dollar windfall, the company's going to be under intense pressure to improve performance.

3 hours ago from CNET

Other sources: CNET show all (2)

Sony forecasts $2 billion loss, cites weak mobile

Sony expects its annual loss to swell to more than $2 billion after writing down the value of its troubled mobile business as phone sales sagged amid brutal competition.

Wed 17 Sep 14 from

Other sources:, BBC Technology, Techspot, Ubergizmo, CNET show all (6)

Alibaba symbol of China's new tech giants

Alibaba Group's U.S. stock offering is a wakeup call about an emerging wave of technology giants in China's state-dominated economy.

13 hours ago from

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Ericsson to stop making modems, shed hundreds of jobs

Swedish telecom equipment company Ericsson said on Thursday that it would stop developing modems, a decision affecting almost 1,600 employees worldwide which is expected to lead to hundreds ...

15 hours ago from

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Institutionals to get lion's share of Alibaba spoils

(Reuters) - Big institutional investors like Blackrock will likely get the bulk of roughly $22 billion worth of Alibaba Group Holdings shares being sold in an initial public offering set to ...

6 hours ago from Reuters Technology

Other sources: show all (1)

Alibaba prices IPO at $68 per share

Alibaba, the Chinese e-commerce powerhouse named after a fabled, poor woodsman who discovers a thieves' den full of treasures, is ready to strike it rich on the New York Stock Exchange.

2 hours ago from

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