Oracle shares fall on weak 3rd-quarter report (Update)

Oracle Corp. on Wednesday reported flat earnings for its fiscal third quarter, hurt by a continued drop in sales of hardware systems and a surprise decline in sales of new software—which the company attributed to a lackluster ...

Struggling Groupon ousts CEO Andrew Mason (Update)

Struggling online deals pioneer Groupon has ousted its quirky founder and CEO Andrew Mason amid worries that people are tiring of the myriad of online restaurant, spa and Botox deals that Groupon built its business on.

Net profit of India's largest IT firm TCS up 23%

India's biggest IT outsourcer, Tata Consultancy Services, said on Monday that net profit beat forecasts to rise 23 percent in the third quarter despite economic woes in its main markets.

Japan electronic giants eye chip merger: reports

Three of Japan's biggest electronics companies are to join forces in a chip-making venture, according to reports, days after a swathe of dire results from a sector struggling to compete globally.

South-East universities turn their knowledge into wealth

In these tough economic times, universities are under pressure to use their knowledge and discoveries to drive economic growth, but an Economic and Social Research Council (ESRC) study reveals that not all universities are ...

HP shuffles top executives in shake-up

(AP) -- Hewlett-Packard Co. is streamlining its executive ranks to improve its focus on customers rather than administration and put more operations directly under CEO Leo Apotheker's control.

The downside -- and surprising upside - of microcredit

Microcredit, which involves giving small loans to very small businesses in an effort to promote entrepreneurship, has been widely touted as a way to reduce poverty and stimulate economic growth. A multitude of both non- and ...

California economic climate sunnier than thought

(PhysOrg.com) -- Location, location, location. That's what UC Irvine economics professor David Neumark says is key to understanding how California's economy has managed to stay in line with or surpass the national growth ...

CFO survey: Outlook rosier, but inflation a worry

Chief financial officers in the U.S. have a more optimistic outlook about the economy, with robust growth expected in earnings and capital spending. Overall employment is expected to grow slowly, though some job categories ...

Build it and they will come? Think again

When it comes to economic development in American cities, the trusted old theory "If you build it, they will come" may not work, a Michigan State University sociologist argues in a new study.

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