Business

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Yahoo! to ease tensions with Alibaba

Yahoo! to ease tensions with Alibaba

Yahoo! chief executive Carol Bartz sought Friday to ease tensions with Alibaba Group, the Chinese e-commerce giant in which the California Internet company holds a 39 percent stake.

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JP Farinha to move to Korbitec

JP Farinha to move to Korbitec

Francois Groepe, Group CEO of Media 24 today announced that JP Farinha, current CEO of 24.com will join Korbitec as GM of Property24 at the end of December 2010. Korbitec became part of the Naspers group in November 2009 when Naspers acquired a 51% stake.

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Datatec to acquire Biodata

Datatec to acquire Biodata

Datatec Limited has agreed to acquire Biodata, a South African registered and privately owned niche security product distributor based in Johannesburg.

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Cell C’s 'B-Rating’ On Watch

Cell C’s 'B-Rating’ On Watch

Standard & Poor's Ratings Services said today that it has placed its 'B-' long-term corporate credit rating on South Africa-based mobile telecommunications operator Cell C on CreditWatch with positive implications.

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Nokia chairman expected to stay on until 2012

Nokia chairman expected to stay on until 2012

Nokia Corp. says board chairman Jorma Ollila has signaled readiness to stay on at the helm of the world's leading handset maker until 2012.

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Gates, Buffet insist China trip not about donations call

Gates, Buffet insist China trip not about donations call

Billionaire US philanthropists Bill Gates and Warren Buffett insisted Tuesday they would not pressure China's super-rich to give to charity at a banquet this month, after invitees were slow to respond.

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Hewlett-Packard buying arcsight for US$1.5 billion

Hewlett-Packard buying arcsight for US$1.5 billion

Hewlett-Packard Co. has agreed to buy the security software provider ArcSight for about $1.5 billion, the company said Mondayas it extends a recent spree of acquisitions

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Nokia executive resigns after new CEO announcement

Nokia executive resigns after new CEO announcement

The head of Nokia Corp.'s mobile phones business, Anssi Vanjoki, has announced he is resigning from the company, just three daysafter the handset maker said it had appointed a new CEO.

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US widens probe of HP bribery allegations

US widens probe of HP bribery allegations

U.S. investigators have widened their probe of alleged kickbacks paid to Russian authorities by employees of a Hewlett-Packard Co. subsidiary in Germany.

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Nokia to get new chief executive from Microsoft

Nokia to get new chief executive from Microsoft

Finnish mobile telephone giant Nokia's shares rose Friday on the news that chief executive Olli-Pekka Kallasvuo was to be replaced by Stephen Elop as of September 21.

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