Oracle Corp, the world's No. 3 software maker is teaming up with Hewlett-Packard Co to sell powerful, specialized computers that companies use to analyze data on their business activities. The move, which Oracle Chief Executive Larry Ellison announced on Wednesday, will expand Oracle's footprint in the hardware business and put pressure on smaller players Teradata
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News Corp's MySpace, the world's largest social networking site, on Wednesday unveiled a long-expected joint venture with all four major music companies in a bid to compete with Apple Inc's market-leading iTunes store. MySpace Music is designed to win fans with a mix of unlimited free music, comprehensive music catalogs, concert tickets, merchandising and other
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Jorma Ollila, the chairman of Nokia and Shell, said on Wednesday the financial market crisis was near its peak, but there was no clear solution to the situation. "We have approached the peak, if we are not there yet … but there really is no clear way out from this complicated situation and that is
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CYPRUS GOURMET With its 354 pages, weighing 850 grams, the October issue of the UK’s “Decanter” magazine (cover modestly saying “The world’s Best Wine Magazine”) strained the resource of my letter box. The bulkiness is because it is the Awards issue of Decanter’s enormous annual international tasting. There’s a lot of interesting stuff in it
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Where are the ‘Wise Men’? Perhaps Finance Minister Charilaos Stavrakis is on a roll, proud of the fact that Cyprus seems to have been spared from the financial meltdown that the U.S. and dependent markets are facing, but the cautions and worries expressed by economic hawks about the viability of the colossal bailout promised by
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ANALYSIS By Linda Sieg, Reuters New Japanese Prime Minister Taro Aso is keen to make his mark by crafting a bigger global security role for Tokyo, but a looming election, a faltering economy and political deadlock are dampening chances of success. That will frustrate close ally Washington, which wants Tokyo to do its bit to
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ANALYSIS By Jon Herskovitz, Reuters North Korea is threatening to restore its plutonium-producing nuclear plant because it feels it can win more through brinkmanship than the aid it stands to lose, analysts said on Thursday. Each step the North makes to restore its Yongbyon nuclear plant squeezes regional powers to find a way to bring
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European stocks rose in choppy trade early on Thursday, driven by gains in insurers, while banks capped the market's advances due to uncertainty about when U.S. Congress might pass a $700 bln rescue plan. At 0735 GMT, the FTSEurofirst 300 was up 0.3% at 1,104.8 points. Insurers were the top gainers on the index. AXA
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Minister of Commerce, Industry and Tourism Antonis Paschalides said on Wednesday that the government has managed to strengthen competition regarding fuel prices in Cyprus, noting that he would not hesitate to issue a decree determining prices if necessary. He added that Cyprus is among the countries that have not been affected much by the international
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By Tim Gaynor (Reuters) When Wall Street crashed in 1929, retiree Helen Haas remembers lining up with her mother at a Chicago bank to withdraw her $50 in savings — and coming away with just $2. Emerson Colaw recalls his family losing the farm in Kansas when the bank closed, leaving his father with no
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