Recent Articles
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HP Sues Ex-CEO Mark Hurd Over Oracle Job
HP has filed suit against former CEO Mark Hurd over his intention to join Oracle, which could be considered a rival in many aspects of the business. HP announced the lawsuit at its corporate blog. The tech giant filed the civil complaint in the California Superior Court of Santa Clara County, stating the following: “Mark…
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Jobs: Employment Falls for Third Straight Month in August
(Reuters) – U.S. employment likely fell for a third straight month in August as more temporary census jobs ended and cautious businesses scaled back hiring, an outcome that could pressure the Federal Reserve to prop up growth. Nonfarm payrolls fell 100,000 after declining 131,000 in July, according to a Reuters survey. Private payrolls, a better…
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Job Creation Still Bleak at Small Businesses
(Reuters) – Employment at small U.S. businesses was subdued in August, although fewer companies cut jobs than in the previous month, a survey showed on Thursday. The National Federation of Independent Business’s monthly employment poll showed 11 percent of companies surveyed increased average employment by 2.3 employees. That was a modest rise from July’s 10…
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Cisco Smart Grid Plans include Arch Rock Acquisition
SAN FRANCISCO, Sept 2 (Reuters) – Network equipment maker Cisco Systems Inc (NASDAQ:CSCO) said on Thursday it was buying start-up Arch Rock for an undisclosed sum as it aggressively moves to expand in the growing smart grid market. The news of the acquisition comes a day after the networking giant said it was teaming up…
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Positive Economic Indicators Help Quell Fears of Double-Dip Recession
(Reuters) – Pending sales of previously owned U.S. homes rebounded unexpectedly in July and new claims for jobless benefits fell last week, helping quell fears the economy could face a double-dip recession. The data released on Thursday, including sturdy sales from U.S. retailers last month, followed a report on Wednesday showing a surprising gain in…