Cendant in talks to acquire Galileo
Travel and real estate franchising firm Cendant Corp. confirmed today that it is in talks to acquire Galileo International Inc., a computerized travel reservations company.
Stories by Linda Rosencrance
Union Pacific to provide voice-activated technology
Beginning in August, Union Pacific Railroad Co. plans to broaden its e-commerce offerings by providing its customers with voice-activated technology that will make it easier and faster to return a rail car after it's been unloaded.
Trucking firms turn to logistics ASP to cut costs
Truck driver Ronald Cherry is tired of eating in fast-food restaurants while he's on the road. His employer, Stevens Transport Inc., is just as tired of paying high prices for fuel and then wasting that precious commodity because drivers are logging more miles than necessary to get to their destinations.
Dell raises ante in price war
Saying "this is going to be Bosnia," Dell President and Chief Operating Officer James Vanderslice waved the red flag yesterday, declaring an all-out price war in a push to gain more market share and potentially drive competitors out of business. With nearly US$8 billion in cash on hand, Vanderslice also said the company is poised to make an acquisition.
Commerce Dept. set to favor ICANN-VeriSign deal
The U.S. Department of Commerce yesterday said it's close to completing a review of and signing off on a controversial proposal that would extend VeriSign Inc.'s right to manage the .com Internet domain name registry through 2007.
Merrill Lynch cuts 900 jobs, including 150 consultants
Striving to cut costs, Wall Street investment firm Merrill Lynch & Co. Inc. said it plans to reduce its workforce by 900 employees, including 150 technology consultants.
IBM agrees to resell RLX high-density servers
RLX Technologies Inc. said Tuesday that it has reached an agreement with IBM Corp. that calls for IBM to resell RLX's new high density, low-power servers and supply some of the server components.
Compaq, HP drop plans to resell high-end Unisys servers
Compaq Computer Corp. has become the second major computer vendor to back out of a deal to resell Unisys Corp.'s high-end ES7000 server for Windows 2000 Datacenter Server users, a move that strikes a potential US$400 million blow at the already struggling Unisys.
Loudcloud to cut 122 jobs
E-commerce hosting company Loudcloud Inc. is planning to lay off 122 workers, or 19 percent of its workforce in an effort to break even.
KPMG Consulting lays off 5 percent of workforce
KPMG Consulting Inc. yesterday said it's laying off between 450 and 550 workers in the U.S. and Canada because of weakened demand for IT services.
Winstar files for bankruptcy, sues Lucent
Telecommunications service provider Winstar Communications Inc. has filed for bankruptcy and has sued Lucent Technologies Inc. for US$10 billion in damages, accusing the company of breaking a vendor financing agreement.
Borders turns to Amazon for online help
Internet retailer Amazon.com Inc. and Borders Group Inc. today said they have cut a deal to relaunch Borders' Web site, which will be powered by Amazon's e-commerce platform. The new site will be launched in August.
Commerce One taps former FedEx exec as new COO
B2B software vendor Commerce One, which last week warned about weak financial results for the first quarter, has named former Federal Express CIO Dennis Jones its chief operating officer and vice chairman.
Amazon.com posts narrower-than-expected loss
Citing strong growth in electronics sales, Amazon.com Inc. announced Monday that its first quarter net loss will be lower than expected.
MarchFirst confirms layoffs, sale of assets
After staying mum on its future for the past week, Internet consulting firm MarchFirst Inc. said Monday that it will lay off 30 percent of its workforce, or 1,700 employees, sell many of its assets to Internet holding company Divine Inc., and close its Australian operations in an effort to pay off a US$53 million loan.