529
NEW YORK: Hewlett-Packard said Monday that it has closed its $10.24 billion purchase of British software company Autonomy, a deal which contributed to the downfall of former HP chief executive Leo Apotheker.
The Palo Alto, California-based HP said 87.34 percent of the stockholders of Autonomy had approved the offer for the company made in August.
"As such, all conditions relating to the offer have now been satisfied, allowing HP to acquire control of Autonomy," HP said in a statement.
The Autonomy acquisition positions HP as a "leader in the large and growing enterprise information management space," HP said.
"We are committed to helping our customers solve their toughest IT challenges," HP's new chief executive, Meg Whitman, said in a statement.
"The exploding growth of unstructured and structured data and unlocking its value is the single largest opportunity for consumers, businesses and governments," Whitman said.
"Autonomy significantly increases our capabilities to manage and extract meaning from that ...
NEW YORK: US number three automaker Chrysler turned in steady sales in September despite the weak economy, the company announced Monday.
Total sales for the month were 127,334 vehicles, slightly lower than the August rate of 130,119, but 27 percent higher than September 2010, when the industry was still struggling to pull out of recession.
"September was also our 18th consecutive month of year-over-year sales growth, and we have now gained more retail market share than anyone ...
MILAN: Fiat, the Italian auto giant and the country's biggest business, said Monday it was pulling out of Italy's largest employer's group, fed up with the country's inflexible labour market.
Fiat and Fiat Industrial, which together employ 82,000 people in Italy and 190,000 people around the world, will leave Confindustria at the end of the year, Fiat boss Sergio Marchionne informed group head Emma Marcegaglia in an open letter published on Monday.
"Fiat, which is engaged in ...
NEW YORK: US Treasuries prices rose on Monday after news that Greece will miss its deficit target renewed safe-haven demand and on bets on the Federal Reserve's latest stimulus program.
The Treasuries market began the fourth quarter with a strong start after a robust third quarter, in which longer-dated debt prices recorded their best performance since the last three months of 2008, during the height of the global financial crisis.
"We were powered higher in response to ...
PARIS: Tougher Basel III capital adequacy rules for banks may be tweaked to grant an exemption to the "crucial" activity of trade finance, the International Chamber of Commerce (ICC) business lobbying group said on Monday.
The ICC has spent the past year trying to persuade the Basel rule-setting committee that the banks' role in keeping the wheels of global trade turning is too important to be stifled with the same requirements on solvency ratios as other ...
BRATISLAVA: Slovakia's central bank said on Monday that stress tests showed the country's banking sector remained sound in the first half of this year as profits surged and banks were well capitalised and they saw relatively little impact from global financial turmoil.
The most recent stress tests showed that compared with stress test results released at the end of 2010 the risk of possible losses from loans to households and on bond portfolios had risen but ...
ZURICH: Capital surcharges of up to 2.5 percent to make the world's top banks more resilient in future crises passed a key hurdle on Monday in the teeth of industry opposition.
The Financial Stability Board, tasked by the Group of 20 leading economies (G20) to coordinate the global regulatory response to the financial crisis, backed a blueprint finalised by supervisors last month.
Chairman Mario Draghi confirmed banks will be subject to capital surges of between 1 and ...More Articles...
| |||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||
