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NEWS BRIEF

Telstra, Hutchison Partner on Infrastructure

Telstra gained a head start on Australian rival entrants to the third generation mobile phone market with a US$450 million deal to share Hutchison Telecommunications' third generation infrastructure ...

StayinFront Expands CRM Partnership with Endo Pharmaceuticals

StayinFront, a global provider of enterprise-wide customer relationship management (CRM) applications, decision support tools and e-business systems, today announced that Endo Pharmaceuticals, a fully integrated pharmaceutical company with market leadership in pain management, will expand use of the StayinFront Visual Elk CRM system for its new hospital-sales force...

Sun’s Possible Acquisition of Novell

Industry observers have taken positions on rumors that Sun Microsystems might buy Novell. "I don't find the speculation credible," analyst Dan Kusnetzky, vice president of operating systems at International Data Corporation, said. Kusnetzky said such a merger would face problems from potential regulatory issues, possible corporate culture clash and a lack of synergy between the two product lines...

Yukos Accounts Frozen

Russia's Justice Ministry said Thursday that it had revoked permission granted by bailiffs for the beleaguered oil giant Yukos to use previously frozen funds to pay for day-to-day operations. ...

NEWS BRIEF

TiVo Techology Gets Nod From FCC

TiVo, one of the initial creators of television services for digital video recorders (DVRs), announced today that the Federal Communications Commission (FCC) has certified TiVo's technology protection of digital broadcast television ...

Siebel Systems, IBM To Join on CRM Linux Effort

Siebel Systems and IBM today announced they will join to provide database support for Siebel's CRM suite on Linux. ...

AOL Acquires Antispam Leader Mailblocks

America Online today announced the acquisition of Mailblocks, a personal, Web-based e-mail service known for using state-of-the-art technology to block spam and provide a streamlined, efficient e-mail user interface. ...

BUSINESS BRIEF

Stocks Drop as Consumer Spending Plummets

Consumer spending fell sharply in June as fuel prices continued to put a crimp in discretionary purchases and amid overall concern about the economy, the government reported today. ...

Halliburton Settles with SEC for $7.5 Million

Halliburton announced today that it has reached a settlement in the investigation by the SEC involving Halliburton's 1998 and 1999 disclosure of and accounting for the recognition of revenue from unapproved claims on long-term construction projects ...

Siebel Releases Upgrade to Energy Industry CRM Software

Siebel Systems, a leading provider of business applications software, today announced new enhancements in its comprehensive CRM suite for the energy industry, Siebel Energy 7.7, that further enhances its capabilities. ...

Oil, Stocks Settle After Terror Alert

Oil prices spiked and stocks fell early Monday after the U.S. issued its most specific terrorist warning to date, but oil futures soon backed off record highs and stocks finished the day in positive territory ...

BUSINESS BRIEF

Stocks Stage Modest Rally, Oil Prices Ease

Oil prices eased off record highs, giving investors enough breathing room to move Wall Street slightly higher on Thursday after another round of positive earnings reports. ...

Electronic Arts To Acquire Criterion Software Group

Electronic Arts announced an agreement to acquire Criterion Software Group from Canon Europe. With the acquisition, EA will assume Criterion's studio in Guildford, UK; two intellectual properties, Burnout and Black; and the RenderWare middleware technology. ...

IBM Acquires Cyanea for Application Management Portfolio

IBM today announced it has entered into an agreement to acquire Cyanea, a provider of software that monitors and manages the performance of Web-based business applications. Cyanea is a privately held company based in Oakland, California. Financial terms were not disclosed. ...

DaimlerChrysler Revenue Jumps

DaimlerChrysler has substantially increased its second quarter operating profit from $0.8 billion to $2.5 billion ...

Worldwide DRAM Revenue Increased 20 Percent

Worldwide dynamic random-access memory (DRAM) revenue reached US$6.7 billion in the second quarter of 2004, a 19.8 percent increase from the first quarter of this year, according to preliminary results by Gartner. ...

IBM To Acquire Cyanea

IBM today announced it has entered into an agreement to acquire Cyanea, a provider of software that monitors and manages the performance of Web-based business applications. Cyanea is a privately held company based in Oakland, California. Financial terms were not disclosed. ...

BUSINESS BRIEF

Oil Prices Set 20-Year High

Crude oil prices soared Wednesday, reaching their highest levels in 20 years after another violent day in Iraq and more bad news from Russia's Yukos renewed fears about supplies to the U.S. and other countries being impacted by terrorism ...

BUSINESS BRIEF

Consumer Confidence Surges, Markets Rebound

Consumer confidence jumped more than 3 points this month, reaching a two-year high and providing a sign that the economy might be in for another burst of growth ...

Symbol Technologies Buys Matrics

Symbol Technologies, an enterprise mobility company, has reached an agreement to acquire Matrics, a company that designs and manufactures radio frequency identification (RFID) systems that are compliant with electronic product code (EPC) systems ...

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