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BUSINESS BRIEF

Firefox Share Dips in July

The open-source Firefox browser saw growth slip in July, according to the latest report from measuring and monitoring service NetApplications, which watches growth in adoption among a variety of popular Internet browser alternatives. The NetApplications report for the month of July indicates that, f...

BUSINESS BRIEF

Cisco Invests $12 Million in Japanese R&D Center

Cisco Systems said today that it will invest US$12 million to build a research and development center in Tokyo, Japan. The facility is slated to open in February 2005 and work there will focus on the development of Internet Protocol-based networking technologies, including routers and Cisco IOS(R) ...

BUSINESS BRIEF

Cisco Invests $12 Million in Japanese R&D Center

Cisco Systems said today that it will invest US$12 million to build a research and development center in Tokyo, Japan. The facility is slated to open in February 2005 and work there will focus on the development of Internet Protocol-based networking technologies, including routers and Cisco IOS(R) ...

BUSINESS BRIEF

Cisco Invests $12 Million in Japanese R&D Center

Cisco Systems said today that it will invest US$12 million to build a research and development center in Tokyo, Japan. The facility is slated to open in February 2005 and work there will focus on the development of Internet Protocol-based networking technologies, including routers and Cisco IOS(R) ...

BUSINESS BRIEF

Record High Oil Prices Send Markets Lower

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 ...

BUSINESS BRIEF

Oil Prices Snuff Out Wall Street Rally

Another spike in oil prices squelched a would-be-rally on Wall Street today as the markets closed out a week many investors were eager to see come to a end. The Dow traded higher much of the day, but by the close managed to squeak out a gain of only 8.34 points for the session to close at 10,047.24....

BUSINESS BRIEF

Blue Chips Down Again as Economic Indicators Fall

A weak outlook for the economy and oil's continued march toward new record-high prices left U.S. stocks mixed today, with the Dow suffering a second straight day of sharp losses. The markets had news to digest, little of it good, after the Conference Board reported that the index of leading economic...

BUSINESS BRIEF

Stock Prices Plummet on Oil Prices, Financial News

U.S. stock markets turned in their worst performance in nearly a month today as crude oil prices rocketed toward $50 per barrel and investors fretted over the future of corporate earnings. A day after taking the Federal Reserve Board's quarter-point rate hike in stride, the markets stumbled right ou...

BUSINESS BRIEF

Markets Rally After Fed Hikes Rates Again

The Federal Reserve Board raised interest rates as expected today, boosting the overnight lending rate by a quarter-point. Stocks reacted to the news with a modest late-day rally. The Federal Open Market Committee raised the federal funds rate to 1.75, marking the third time this year that rates hav...

BUSINESS BRIEF

Stocks Drop as Investors Await Fed Move

Another day of rising oil prices, an apparently imminent rate hike by the Federal Reserve and corporate earnings warnings conspired to drive stocks lower Monday. The Fed is widely expected to continue its recent rate hike pattern by boosting a key rate by another quarter-point on Tuesday. If it come...

BUSINESS BRIEF

Stocks Show Modest Gains as Ford Roars, Oil Soars

A bullish outlook for the third quarter and the rest of the year from Ford Motor Co. helped give stocks a lift to close out the week, but pressure from a spike in oil prices pared the gains. Ford said its financial services unit was largely responsible for the improved outlook, rather than boosted c...

BUSINESS BRIEF

Infineon Reaches Settlement with DOJ

Infineon Technologies AG announced today that it has reached an agreement with the United States Department of Justice, Antitrust Division. Infineon will plead guilty to a charge related to the violation of U.S. antitrust laws in connection with the pricing in its Dynamic Random Access Memory (DRAM)...

BUSINESS BRIEF

Cisco Systems Acquires NetSolve

NetSolve, a security and infrastructure applications developer, has signed an agreement with Cisco under which Cisco will acquire NetSolve for a purchase price of US$11.00 per share in cash. "Our board has concluded this is a fair transaction for our stockholders and will be recommending its approva...

BUSINESS BRIEF

Oracle Prevails in Antitrust Lawsuit

Oracle has prevailed in a lawsuit filed by the Department of Justice seeking to block its proposed acquisition of PeopleSoft. The decision, even though it can be appealed, removes a significant roadblock to the acquisition. "This decision puts the onus squarely on the board of PeopleSoft to meet wit...

BUSINESS BRIEF

Circuit City and Verizon Wireless Expand Relationship

Circuit City and Verizon Wireless have signed an agreement to create a Verizon Wireless store within each of more than 570 Circuit City stores around the country.

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