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• Craigslist Sues EBay and Alleges Corporate Spy Plan

  By Eric Auchard SAN FRANCISCO (Reuters UK) - Online classifieds leader Craigslist.com filed a countersuit on Tuesday against business rival eBay (EBAY), alleging eBay had used its minority stake in Craigslist to steal corporate trade secrets. In a lawsuit filed in California Superior Court in San...

  Tue May 13, 2008 @ 2:15 PM PDT

  Tags: Craigslist, eBay Inc., Kijiji, Financial Accounting, Finance, Google Inc., Oukbs

• Sprint Faces Tough Questions at Annual Meeting

  NEW YORK (Reuters UK) - Sprint Nextel (S) faced multiple questions about how it would turn the company around and stop customers from fleeing its cell phone service at its annual shareholder meeting, where voters only narrowly rejected one proposal that would have let them...

  Tue May 13, 2008 @ 12:45 PM PDT

  Tags: Shareholder, Sprint Communications, Financial Accounting, Finance, AT&T Corp., Sprint Nextel Corp., Verizon Communications Inc., Vodafone Group Plc.

• HP to Buy EDS in Challenge to IBM

  By Franklin Paul NEW YORK (Reuters UK) - Hewlett-Packard (HPQ) plans to buy technology outsourcing company Electronic Data Systems (EDS) to better compete against IBM (IBM), but Wall Street questioned whether the $12.6 billion (6.5 billion pound) deal for a slow-growing company was overpriced. HP...

  Tue May 13, 2008 @ 11:00 AM PDT

  Tags: Hewlett-Packard Co., Electronic Data Systems Corp., IBM Corp., Accenture Ltd., Affiliated Computer Services Inc., Cognizant Technology Solutions, Computer Sciences Corp., Infosys Technologies Ltd., Microsoft Corp., TECSYS, Yahoo! Inc.

• HP Seals EDS Deal; Services No. 2 Behind IBM; Can Hurd Run EDS Better?

  Updated: Hewlett-Packard CEO Mark Hurd said Tuesday he plans to use a familiar playbook to integrate Electronic Data Systems: Leverage scale, squeeze costs — and underpromise and overdeliver. "We're running the playbook we know how to run very well," said Hurd, on a conference call with analysts....

  Tue May 13, 2008 @ 10:15 AM PDT

  Tags: Hewlett-Packard Co., Mark Hurd, Electronic Data Systems Corp., Earnings, IBM Corp., Non-GAAP Earning, GAAP, Financial Accounting, Construction, Finance, Larry Dignan

• EDS Internal Memo on the HP Purchase

  HP acquired EDS in a deal valued roughly at $12.8 billion. The move was outlined Tuesday morning amid a healthy dose of skepticism. Here's a memo from EDS CEO Ron Rittenmeyer, who will now report to HP CEO Mark Hurd. To the EDS Worldwide Team: Today...

  Tue May 13, 2008 @ 9:29 AM PDT

  Tags: Hewlett-Packard Co., Electronic Data Systems Corp., Branding, Strategy, Marketing, Management, Larry Dignan

• HP Challenges IBM With $12.6 Billion EDS Deal

  NEW YORK (Reuters) - Hewlett-Packard Co (HPQ) has struck a deal to buy Electronic Data Systems Corp (EDS) for $12.6 billion, seeking to boost its technology services business to better compete against market leader IBM (IBM). The companies said the deal values EDS...

  Tue May 13, 2008 @ 6:35 AM PDT

  Tags: Hewlett-Packard Co., Electronic Data Systems Corp., IBM Corp., Mergers & Acquisitions, Financial Accounting, Investment, Microsoft Corp., Yahoo! Inc.

• HP Posts Higher Profit in Preliminary Report

  NEW YORK (Reuters) - Hewlett-Packard Co (HPQ) posted better-than-expected quarterly profit on Tuesday in a preliminary earnings report released shortly after it announced plans to buy Electronic Data Systems Corp (EDS) for about $12.6 billion. Net income in the second quarter...

  Tue May 13, 2008 @ 6:31 AM PDT

  Tags: Revenue, Hewlett-Packard Co., Electronic Data Systems Corp., Operational Accounting, Financial Accounting, Finance

• BT Agrees 5-year Wholesale Deal With O2

  LONDON (Reuters UK) - The wholesale division of BT Group (BT) has signed a five-year agreement with O2 to provide and help manage the operator's high speed network as an increasing number of customers take bandwidth-hungry offerings. BT will provide and manage the high-speed connectivity ...

  Tue May 13, 2008 @ 5:25 AM PDT

  Tags: Network, British Telecommunications, O2 Plc., Networking, Ethernet, BT Group Plc., Oukbs

• Hitachi Losses Grow, Hope on Hard Drive Turnaround

  By Mayumi Negishi TOKYO (Reuters) - Japan's Hitachi Ltd tumbled to a quarterly loss on slow TV sales and a tax writedown but said on Tuesday it would rebound to a profit this year on a recovery in hard drives, pushing its shares...

  Tue May 13, 2008 @ 3:16 AM PDT

  Tags: Hard Drive, Hitachi Ltd., Storage, Hardware, Yen

• Finmeccanica Buys DRS For $5.2 Bln, Shares Drop

  By Ian Simpson MILAN (Reuters) - Finmeccanica SpA (SIFI) has agreed to buy U.S. military contractor DRS Technologies Inc. (DRS) in a $5.2 billion deal, the biggest so far in European defense contractors' bid for a slice of the growing U.S. defense ...

  Tue May 13, 2008 @ 2:45 AM PDT

  Tags: DRS Technologies Inc., Finmeccanica, Finmeccanica Executive, Aerospace & Defense, Milan, SI Financial Group Inc., STMicroelectronics, US

• iTunes to break price wall for HBO downloads - Rumour

  HBO is set to unveil a deal with iTunes, in which it will offer individual programme downloads for the first time, reports Conde Nast's Portfolio.com. Some programmes will be more expensive than iTunes' current USD1.99 standard, marking a break from Apple's strict uniform pricing scheme. Shows are set to...

  Tue May 13, 2008 @ 12:00 AM PDT

  Tags: Apple Inc., HBO, NBC Universal, Time Warner Inc.

• HP acquiring EDS for USD12bn-USD13bn - Rumour

  Hewlett-Packard (HP) is believed to be in negotiations to acquire IT outsourcing firm Electronic Data Systems (EDS) for between USD12bn-USD13bn, with the deal seen as a move to position itself to compete with IT services market leader IBM. ...

  Tue May 13, 2008 @ 12:00 AM PDT

  Tags: Hewlett-Packard Co.

• HP makes multi-billion dollar bid for EDS

  Hewlett-Packard (HP) is in talks to acquire IT outsourcing firm Electronic Data Systems (EDS). The price could be between USD12bn and USD13bn, according to The Wall Street Journal. The deal would offer a significant challenge to IBM, which leads the world's market for IT services followed by EDS and...

  Tue May 13, 2008 @ 12:00 AM PDT

  Tags: Hewlett-Packard Co.

• Location-based software firm deCarta raises USD10.5m

  Geospatial software maker, deCarta, has topped up a Series C funding round with USD10.5m in investment, reports peHUB. The funds are part of a new USD21m investment and follow an initial Series C sum of USD15m. This was led by Norwest Venture Partners in Jul 2007, with existing backers...

  Tue May 13, 2008 @ 12:00 AM PDT

  Tags: deCarta, Mobius Venture Capital, Norwest Venture Partners, Cardinal Venture Capital, Ask.com, Google Inc., Motorola Inc., Sprint Nextel Corp., Verizon Communications Inc.

• Clear Channel signs lyric deal with Gracenote

  US radio giant, Clear Channel, has signed a song lyric deal with Sony-owned digital entertainment firm, Gracenote, in a bid to expand its online services. Under the deal, listeners of some 800 Clear Channel radio stations in the US can now access and search lyrics from each station's website....

  Tue May 13, 2008 @ 12:00 AM PDT

  Tags: Clear Channel Communications Inc., Gracenote, CBS Radio, Last.fm, Pandora Media, Sony Corp.

• Lycos Europe seeks US or Asian firm for buyout deal

  Lycos Europe is looking to foreign companies for a buyout offer, following the loss-making firm's announced last month that it has hired Dresdner Kleinwort to advise it on its options. Lycos Europe CEO, Christoph Mohn, tells the Financial Times that the firm could be a valuable way for an...

  Tue May 13, 2008 @ 12:00 AM PDT

  Tags: Bertelsmann AG, Lycos, Time Warner Inc., Yahoo! Inc.

• Sistema could bid for Telekom Austria stake - Rumour

  Russian telecoms holding group Sistema is considering acquiring a stake in Telekom Austria, which is rumoured to be planning a split, reports Austria's Wirtschaftsblatt. Sistema dismisses the report, which says the two companies are holding talks over a possible deal. It says other possible buyers include Vodafone and Telefonica....

  Tue May 13, 2008 @ 12:00 AM PDT

  Tags: Telekom Austria, Sistema, Vodafone Group Plc.

• Finmeccanica to Buy DRS For $5.2 Billion

  By Paolo Biondi and Robin Pomeroy ROME (Reuters) - Italy's Finmeccanica SpA (SIFI) reached a $5.2 billion deal to buy DRS Technologies Inc. (DRS) securing itself a bigger presence in the growing U.S. defense market which accounts for half the world's military spending....

  Mon May 12, 2008 @ 7:00 PM PDT

  Tags: DRS Technologies Inc., Finmeccanica SpA, Investment, Corporate Governance, Asset Management, Goldman Sachs & Co., SI Financial Group Inc., US

• Optus Joins Australian IPhone Party

  Optus has announced that it will become the second mobile phone carrier in Australia to sell the iPhone.The two-sentence press release confirms speculation that the Singapore-owned telco will sell the Apple iPhone, several days after a similar announcement from Vodafone.It did not contain any dates or prices, saying more...

  Mon May 12, 2008 @ 4:37 PM PDT

  Tags: Apple iPhone, Optus, Apple Inc., 3G, Cellular Phones, Wireless, Consumer Electronics, Personal Technology, AAP

• Sprint's Loss Widens

  By Sinead Carew NEW YORK (Reuters UK) - Sprint Nextel (S), the No. 3 U.S. wireless service provider, said on Monday it may seek changes to its credit agreements, raising questions about how long it will take to turn around the business. The company posted a...

  Mon May 12, 2008 @ 2:00 PM PDT

  Tags: Quarter, Sprint Communications, AT&T Corp., Clearwire Corp., iPCS Inc., Sprint Nextel Corp., Verizon Communications Inc., Vodafone Group Plc.

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