IBM has cut more than 1,500 additional jobs from its information technology services unit, the company said Wednesday. The move is the latest in a series of changes to revamp the company to better compete in a changing technology landscape. Big Blue laid off 1,573 more people from its services busin...
The SEC on Monday filed civil fraud charges against four former executives of troubled telecom gearmaker Nortel Networks, which has spent the past several years embroiled in an accounting mess. The executives had engaged in "accounting fraud to bridge gaps between Nortel's true performance, its inte...
Nortel Networks will pay US$2.45 billion to settle shareholder lawsuits stemming from accounting fraud at the telecom gear maker between 2000 and 2005; U.S. judges gave the settlement their final blessing on Tuesday. Though Canadian courts have yet to clear the settlement of suits brought there, the...
Internet and wireless networking gear maker Cisco Systems posted better-than-expected profits for its third quarter, but issued a forecast that disappointed some analysts and investors. Cisco beat both earnings and revenue targets from analysts, with revenue up 18 percent to US$7.32 billion as consu...
Nortel Networks, which had appeared to be on a strong turnaround course after purging its executive ranks, settling lawsuits and restating past earnings, said it will delay filing its annual report and again restate results after discovering more accounting irregularities. Nortel was quick to make a...
The telecommunications industry has taken another giant leap toward consolidation, with the new AT&T -- created through a blockbuster merger completed just months ago -- poised to buy regional provider BellSouth in a deal worth US$67 billion in stock. The deal would create the largest single tel...
Nortel said it has reached an agreement in principle to pay US$2.4 billion to settle shareholder lawsuits stemming from accounting misstatements at the telecom gear maker, moving the beleaguered company one step closer to ending a dark chapter in its history. The settlement would avoid at least one ...
Communications gear maker Nortel plans to buy Tasman Networks, a maker of high-performance enterprise routers, in a bid to beef up its product offerings in the area of multimedia data delivery. Ontario, Canada-based Nortel said it would pay US$99.5 million in cash for San Jose, California-based Tasm...
Just days after Nortel Networks said it hired a former top-ranking executive at Motorola as its new CEO, hoping new blood at the top will help complete a lengthy turnaround, Motorola has sued to block the hiring and protect potential company secrets. Nortel announced Monday that CEO Bill Owens, wh...
In a move that both validates the technology underlying Voice over Internet Protocol (VoIP) and promises to help advance it, especially in terms of security, the Department of Defense (DoD) has taken a step toward developing its own, privately managed VoIP system. The DoD said it had awarded Nortel ...
Revisiting a tactic that has been hugely successful in the past, especially when it bought home WiFi gear maker Linksys, Cisco Systems said it would acquire wireless local area network (WLAN) switch maker Airespace for $450 million. Cisco said the all-stock purchase of privately held Airespace would...
Stocks inched higher today as investors moved shares connected to the latest mega-merger, but gains were kept in check by rising oil prices and renewed concern over the U.S. dollar's strength. The Dow Jones Industrial Average gained 15 points, or 0.14 percent, to 10,691.45. The tech-laden Nasdaq gai...
Oil prices weighed heavily on U.S. stock markets today as investors were left to ponder not if but when oil will break the $50 barrier -- and what will happen as a result. Oil futures shot to new high levels, reaching $49.64 a barrel on the New York Mercantile Exchange, up 76 cents on the day. That ...
Ban
Regulate
Maintain status quo
Undecided
https://www.ecommercetimes.com/wp-content/uploads/sites/5/2022/11/web-team.jpg
https://www.ecommercetimes.com/story/customer-commerce-offers-smbs-an-e-commerce-path-to-better-cx-177820.html
Customer Commerce Offers SMBs an E-Commerce Path to Better CX
https://www.ecommercetimes.com/wp-content/uploads/sites/5/2022/02/frustrated-computer-user.jpg
https://www.ecommercetimes.com/story/investment-scams-skyrocket-victims-in-us-fleeced-for-4b-in-2022-177544.html
Investment Scams Skyrocket, Victims in US Fleeced for $4B in 2022
https://www.ecommercetimes.com/wp-content/uploads/sites/5/2024/04/hacker-team.jpg
https://www.ecommercetimes.com/story/hacker-nation-the-worlds-third-largest-economy-179108.html
Hacker Nation: The World’s Third-Largest Economy
https://www.ecommercetimes.com/wp-content/uploads/sites/5/2022/01/robot-on-keyboard.jpg
https://www.ecommercetimes.com/story/cybersecurity-expert-pegs-ai-as-online-shoppings-biggest-threat-177933.html
Cybersecurity Expert Pegs AI as Online Shopping’s Biggest Threat
https://www.ecommercetimes.com/wp-content/uploads/sites/5/2024/02/ecommerce-smb-warehouse.jpg
https://www.ecommercetimes.com/story/optimize-your-amazon-presence-for-maximum-sales-success-177907.html
Optimize Your Amazon Presence for Maximum Sales Success
https://www.ecommercetimes.com/wp-content/uploads/sites/5/2024/04/dating-app-smartphone.jpg
https://www.ecommercetimes.com/story/mozilla-waves-red-flag-over-data-hungry-dating-apps-179144.html
Mozilla Waves Red Flag Over Data Hungry Dating Apps
https://www.ecommercetimes.com/wp-content/uploads/sites/5/2022/03/cashless-payment-cafe.jpg
https://www.ecommercetimes.com/story/mobile-payment-industry-innovations-driving-online-in-store-sales-177930.html
Mobile Payment Industry Innovations Driving Online, In-Store Sales
https://www.ecommercetimes.com/wp-content/uploads/sites/5/2024/02/search-engines-smartphone.jpg
https://www.ecommercetimes.com/story/gartner-predicts-25-dip-in-search-volumes-by-2026-177921.html
Gartner Predicts 25% Dip in Search Volumes by 2026
https://www.ecommercetimes.com/wp-content/uploads/sites/5/2022/02/online-shopper.jpg
https://www.ecommercetimes.com/story/temu-and-homary-online-retailers-that-are-generally-a-good-value-179105.html
Temu and Homary: Online Retailers That Are Generally a Good Value
https://www.ecommercetimes.com/wp-content/uploads/sites/5/2023/08/AI-circuit.jpg
https://www.ecommercetimes.com/story/ai-no-longer-curiosity-for-retailers-but-key-to-better-business-report-177857.html
AI No Longer Curiosity for Retailers but Key to Better Business: Report
https://www.ecommercetimes.com/wp-content/uploads/sites/5/2024/02/future-retail.jpg
https://www.ecommercetimes.com/story/the-future-of-gen-ai-in-retail-balancing-human-factors-with-revenue-growth-177923.html
The Future of Gen AI in Retail: Balancing Human Factors With Revenue Growth
Enter your Username and Password to sign in.
Social Media
See all Social Media