McAfee Inc, the world's No. 2 security software maker, said on Monday it plans to buy Internet security company Secure Computing Corp for $465 million in cash. The move gives McAfee a suite of software, services and hardware products to protect hackers from getting past the perimeters of computer networks. McAfee is already the No.
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Goldman Sachs and Morgan Stanley sought shelter with the Federal Reserve to survive a financial storm that destroyed their rivals as Wall Street braced for a week of political wrangling over a proposed $700 bln bailout for troubled banks. Morgan Stanley went a step further and struck a deal with Japan's largest bank, Mitsubishi UFJ
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Microsoft Corp plans to buyback up to $40 bln of its own stock, and raised its quarterly dividend by 18%, the software maker said on Monday. Microsoft's shares rose 5% after the world's biggest software maker said it would pay a quarterly dividend of 13 cents a share, up from 11 cents a share. The
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Stocks extended losses in the first ten minutes of trading, with the S&P 500 and Nasdaq falling more than 1%, on uncertainty about the workings of the proposed $700 bln financial sector bailout. Banks led the way lower on the S&P 500 and the Dow. IPod-maker Apple Inc was the top drag on the Nasdaq
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Mitsubishi UFJ Financial Group, Japan's largest bank, said on Monday it planned to take a stake of up to one-fifth in U.S. investment bank Morgan Stanley as part of a strategic alliance. Mitsubishi UFJ Financial Group (MUFG) said in a statement on Monday it would buy 10-20% of the common stock of Morgan Stanley. It
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President George W. Bush on Monday said negotiators were making "good headway" on legislation to provide an unprecedented $700 billion bailout of financial markets and that he was confident a measure to prevent lasting damage to the economy could be enacted. "Failure to act would have broad consequences far beyond Wall Street. It would threaten
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Britain's finance minister urged the government on Monday to stop bickering and unite behind Prime Minister Gordon Brown to fight a financial crisis. Brown faces calls to quit from some members of his ruling Labour Party, which trails the opposition Conservatives in opinion polls, but says he is the best person to guide Britain through
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By Stephen Brown and Alberto Sisto ROME, Sept 22 (Reuters) – Alitalia will lose its operating licence if a special administrator making a last-ditch attempt to sell the airline does not present Italy's aviation authority with a convincing new offer or cost-cutting plan by Thursday. Following the withdrawal of an Italian rescue bid because of
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By Emi Emoto and Michael Flaherty TOKYO/HONG KONG, Sept 22 (Reuters) – Japan's Nomura Holdings is to buy the Asian operations of Lehman Brothers, a source with direct knowledge of the deal said on Monday, outbidding other banks seeking to scoop up the bankrupt U.S. bank's Asian assets. The source did not say how much
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Wall Street is set to follow European stocks lower and the dollar fell on Monday as jittery investors awaited detail of Washington's $700 billion bailout to tackle the worst financial crisis since the Great Depression. Global stocks posted the biggest one-day gain in 20 years on Friday after the U.S. Treasury proposed the largest-ever bank
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